Industry

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...

Retail

Price-monitoring Platform to Launch July 1

An online price-monitoring platform that aims to improve transparency, boost competition and prevent overpricing among food retailers will launch on...

Manufacturing

Estonian Industrial Output Shrinks in March

Estonia's industrial production shrank 12.6% year-on-year in March, following an upwardly revised 7.5% fall in the previous month, data from...

Pharma

Novartis to set up Regional R&D Center in Budapest

Novartis, one of the world's leading pharmaceutical companies, is planning to set up a new R&D center in Budapest, which...

Retail

Retail Sales in Hungary Down 13.1% y.o.y. in March

In March 2023, the volume of sales in retail trade – along with a significant base effect - decreased by...

Transport

Over 100,000 County Combined Public Transport Passes Sold 

More than 100,000 monthly passes for all public transport in a single county have been sold since their launch days...

Transport

Budapest Airport Promoted to 4-star Airport by Skytrax

International aviation research organization Skytrax conducted a three-day audit of the quality of services at Ferenc Liszt International Airport, taking...

Manufacturing

Poland Factory Activity Sinks in April

Poland's manufacturing Purchasing Managers' Index, or PMI, fell to 46.6 in April from 48.3 in the previous month, survey data...

Retail

Croatia Retail Sales Down in March

Croatia's retail sales volume fell by a real 1.3% year-on-year in March, following an increase of 0.4% in February, the...

Retail

Gov’t Holds Consultations With Retailers on Mandatory Food Discounts

The government has held consultations with big retailers and professional associations on a draft decree that would require larger supermarkets...

Transport

Scooters Spread Faster Than Anticipated

Scooter transport is spreading much faster than expected on Hungarian roads, writes business daily Világgazdaság....

Retail

Lithuania Retail Sales Fall for 2nd Month in March

Retail sales in Lithuania further dropped by 4.5% year-on-year in March, following an upwardly revised 1.9% fall in the previous...

Retail

Slovenia Retail Sales Drop on Year in March

Retail sales in Slovenia plunged 12.7% year-on-year in March, slipping further from a downwardly revised 3.3% fall in the previous...

Transport

MÁV-Volán Seeking to Expand Bicycle Transportation

Tickets suitable for transporting 1.2 million bicycles were purchased for Hungarian State Railways (MÁV) routes in 2022; the transport of...

Deals

Wing Acquires Majority Stake in German Company Bauwert

Property developer Wing has announced the acquisition of a majority stake in German property company Bauwert....

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...

Hungary’s First Mr D.I.Y. Store to Open at Köki Alongside Popeyes

Budapest’s Köki shopping center will welcome Hungary’s first Mr D.I.Y. store and the country’s fourth Popeyes restaurant in November. Footwear...

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...