Industry

Deals

Ikarus Signs MoU With Azeri Company

Hungarian bus manufacturer Ikarus and Azerbaijan's Sumgait Technologies Park LLC signed a memorandum of understanding, according to business daily Világgazdaság....

Deals

Prohuman Acquires Serbia’s CityScope

The Budapest-based Prohuman group has further strengthened its CEE operations spanning through seven countries by acquiring Serbia’s CityScope Group....

Pharma

Richter Q1 Earnings Rise 6% to HUF 39 bln

First-quarter net income of Hungarian pharmaceutical company Gedeon Richter rose 6% year-on-year to HUF 39.2 bln, news agency MTI writes,...

Manufacturing

Slovenia Industrial Output Drops in March

Industrial production in Slovenia slumped 5.5% year-on-year in March, after a downwardly revised 1.2% fall in the prior month, figures...

Transport

MOL, Wizz Air Test Sustainable Plane Fuel at Budapest Airport

On May 10, Wizz Air took off from Budapest Airport for the first time using a blend of Neste MY...

Manufacturing

Slovak Industrial Output Recovers in March

Slovakia's industrial production increased 2.5% year-on-year in March, recovering from a 4.7% drop in the previous month, data from the...

Manufacturing

Masterplast Books Q1 Loss on Lower Demand, Reduced Margins

Listed building materials maker Masterplast booked a first-quarter net loss of EUR 5,850,000 as demand fell and margins narrowed, state...

Manufacturing

Czech Industrial Output Rises Further in March 

The Czech Republic's industrial production expanded for the second straight month in March on the back of strong manufacturing output,...

Manufacturing

Latvia Industrial Output Drops in March 

Latvia's industrial production plunged by 6.3% year-on-year in March widening a 2.2% drop in the previous month, data released from...

Automotive

China’s Eve Power to Build HUF 400 bln Battery Plant in Hungary

China's Eve Power, the ninth-biggest battery maker in the world, will invest around HUF 400 billion in its first plant...

Deals

Int’l Player Acquires Company Managing Hungarian Influencers

A U.S.-based media and entertainment company targeting Generation Z has acquired Special Effects Media, according to a press release sent...

Manufacturing

Industrial Production in Hungary Down 4.1% y.o.y. in March

The volume of industrial production declined in March 2023 by 4.1% year-on-year in Hungary, according to raw data by the...

Retail

GVH Issues Recommendations to Ease Non-perishables Prices

Hungary's Competition Office (GVH) has issued recommendations to rein in the prices of non-perishables and frozen foods, according to a...

Retail

Slovak Retail Sales Fall in March 

Retail sales in Slovakia dropped 6% year-on-year in March, the steepest decline since February 2021, following a 2.5% fall in...

Transport

Waberer’s Q1 Earnings Climb on Wider Margins

Net income of listed hauler Waberer's International reached EUR 10.4 million in the first quarter, climbing from EUR 1.7 mln...

Manufacturing

Coca-Cola HBC Hungary Announces Record HUF 35 bln Expansion

Coca-Cola HBC Magyarország announced a HUF 35 bln investment to expand its Dunaharaszti production center on Wednesday, marking its largest...

Retail

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

Pharma

From Youth-led Ideas to Decision-Makers’ Table: A Day Revolving Around the Future of Hungarian Science and Healthcare

How can Hungary become a regional hub for clinical trials? Young physicians, researchers, and biotech innovators spent a morning tackling...

Pharma

Rooftop Breakfast Offers Helicopter View of AI’s Impact on Pharma

About 50 guests began their day in the beautiful setting of the Duchess Rooftop Bar of the Matild Palace Hotel...

Coca-Cola HBC Hungary Announces Record HUF 35 bln Expansion

Coca-Cola HBC Magyarország announced a HUF 35 bln investment to expand its Dunaharaszti production center on Wednesday, marking its largest...

Ryanair Adds 12th Budapest Aircraft and Eight Routes for Winter

Ryanair will base a 12th aircraft in Budapest for its winter 2026 schedule, operating 54 routes, including eight new connections,...

Michelin Celebrates 30th Anniversary of Presence in Hungary

Michelin celebrated the 30th anniversary of its presence in Hungary at an anniversary event at its Nyíregyháza facility (231 km...

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

Geely Leads Interest in Chinese Car Brands Newly Launched in Hungary

Geely attracted the most interest among Chinese car brands entering Hungary this year, according to January-September data from used car...

Futureal Acquires Hungary’s Largest Outlet Center

Futureal has acquired Premier Outlet Budapest, Hungary’s largest outlet center, as it expands its Hungarian operations into direct investment in...

Serbia Says MOL Deal for NIS Stake Signed; MOL Reports No Disclosure Update

A contract for MOL’s acquisition of a stake in Serbian oil and gas company NIS from Russia’s Gazprom Neft has...

From Youth-led Ideas to Decision-Makers’ Table: A Day Revolving Around the Future of Hungarian Science and Healthcare

How can Hungary become a regional hub for clinical trials? Young physicians, researchers, and biotech innovators spent a morning tackling...

Wizz Air Enters Winter With Fuel Hedges and Record Summer Traffic

Discount airline Wizz Air is preparing for winter with more than EUR 2.2 billion in liquidity and fuel hedges covering...

Older Small Cars Rise in Price as Hungary’s Budget Used-Car Supply Shrinks

Suzuki Swift asking prices rose 25.8% year-on-year in September as the share of used cars below HUF 2.5 mln shrank,...

Lake Balaton Cycling Upgrades to Add Wider Paths and New Bridges

Nearly 20 km of the Lake Balaton cycling circuit will be renovated under two programs financed through EU and domestic...

Rooftop Breakfast Offers Helicopter View of AI’s Impact on Pharma

About 50 guests began their day in the beautiful setting of the Duchess Rooftop Bar of the Matild Palace Hotel...

Resident Evil Game Prices Rise Around Film Premiere

Physical console editions of several Resident Evil games rose in price around the film’s Sept. 17 theatrical release, according to...

FDA Accepts Richter’s Fylrevy Menopause Therapy Application for Review

The U.S. Food and Drug Administration (FDA) has accepted Gedeon Richter’s new drug application for Fylrevy, the Hungarian pharmaceutical company...

Egis Opens Major Pharmaceutical Distribution Center in Fót

Egis has opened a distribution center in Fót with capacity for 30,000 pallets, expanding its finished-product logistics operations to support...