Industry

Pharma

Richter AGM Approves HUF 390-per-share Dividend

Shareholders of Hungarian pharmaceutical company Gedeon Richter have approved payment of a HUF 390-per-share dividend on last year's earnings, the...

Deals

Wizz Air Invests GBP 5 mln in Sustainable Aviation Fuel Producer

Wizz Air has decided to invest GBP 5 million in biofuel company Firefly, marking the airline's first equity investment in...

Manufacturing

Lithuania Industrial Output Nosedives in March 

Industrial production in Lithuania plunged by 15.3% year-on-year in March, after an upwardly revised 8.4% decline in the previous month,...

Retail

Poland Retail Sales Drop Further on Year in March 

Retail sales in Poland shrank 7.3% year-on-year in March, following a 5% drop in the previous month, figures from the...

Deals

Rába Sells Győr Property for HUF 3.2 bln

Listed automotive industry company Rába on Monday said it closed the sale of real estate in Győr (about 108 km...

Deals

INA ‘Integral Part’ of MOL Group, Hernádi Says

Zsolt Hernádi, the chairman-CEO of Hungary's MOL, said the oil and gas company's Croatian unit is an "integral part" of...

Manufacturing

Gyermelyi Inaugurates HUF 1.4 bln Egg Farm Expansion

Hungarian noodle maker Gyermelyi inaugurated a HUF 1.4 billion expansion at its egg farm in Máriahalom (30 km northwest of...

Retail

GVH Issues Recommendation to Ease Inflation in Dairy Sector

Hungary's Competition Office (GVH) issued recommendations last week to ease inflation in the dairy sector after a targeted, expedited probe,...

Pharma

Hungary’s Healthcare Industry Picking up Speed

Investments in pharma and medtech are badly needed in Europe to keep pace with overseas competitors and prevent a large-scale...

Transport

Sichuan Airlines Launches Chengdu-Budapest Cargo Flights

Sichuan Airlines, the leading airline in Western China, has launched a cargo flight between Chengdu Shuangliu International Airport in Sichuan...

Automotive

BMW Group Plant Debrecen Launches 3-year Vocational Program

BMW Group Plant Debrecen (225 km east of Budapest) will launch a three-year dual vocational training program in September, plant...

Retail

Spar Magyarország Revenue Climbs Close to 16% in 2022

Gross revenue of supermarket chain operator Spar Magyarország rose 15.6% to HUF 915.7 billion last year, chairman Gabriella Heiszler said...

Automotive

Monthly Used Car Sales Over 70,000 for 1st Time Since August

Used car sales in Hungary reached 72,300 in March, climbing over the 70,000 threshold for the first time since August,...

Deals

Competition Watchdogs Sign Cooperation Agreement

Competition authorities in the region have signed a cooperation agreement in Warsaw, Hungary's Competition Office (GVH) said on Tuesday, according...

Retail

Aldi Marks 15 Years in Hungary

German-owned discount chain Aldi marked the 15th anniversary of its first store opening in Hungary on Tuesday, according to a...

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...