Industry

Manufacturing

Ganz Transformers Nearly Doubles Turnover in 2022

Ganz Transformers and Electric Rotating Machines' turnover almost doubled to a total of EUR 43.89 million in 2022 compared to...

Transport

Hungary Drafts Nat’l Cycling Strategy

A National Cycling Strategy drafted by Hungary's Active and Ecotourism Development Center together with a number of civil organizations was...

Automotive

AutoWallis Car Sales Climb 86% in Q1

Listed car seller AutoWallis's vehicle sales rose 86% to 13,800 in the first quarter from the same period a year...

Transport

Shell Opens Its 1st LNG Truck Fueling Station in Hungary

Shell opened its first Liquefied Natural Gas (LNG) station in Hungary last week at the Szigetszentmiklós resting station of the...

Automotive

Bosch, BME Launch Center for Training Next-gen Engineers

Bosch and the Budapest University of Technology and Economics (BME) inaugurated their Competence Center for Innovative Vehicle Technologies, a state-of-the-art...

Manufacturing

Slovenia Industrial Output Falls at a Softer Pace in February

Slovenia's industrial production decreased by 0.1% year-on-year in February, after a 4.9% annual decline in January, the Ljubljana-based Statistics Bureau...

Deals

4iG Flags Sale of Some Digi Mobile Assets

Listed ICT company 4iG on Thursday said that Digi, wholly owned by its subsidiary Antenna Hungaria, intends to sell some...

Retail

Slovak Retail Trade Drops in February

Retail sales in Slovakia fell 2.5% year-on-year in February, reversing a 0.1% increase in the prior month, figures from the...

Deals

Hungary, Russia Agree to Modify Paks II Contract

Hungary and Russia have reached an agreement on modifications to the contract on the expansion of the Paks nuclear power...

Manufacturing

Czech Industrial Production Rebounds in February

The Czech Republic's industrial production expanded in February after contracting in the prior month, led by an upturn in manufacturing...

Transport

Wizz Air Flights Most Delayed in Britain Last Year

Wizz Air flights took off from Great Britain last year with the longest delays, according to a survey prepared by...

Deals

Rába to Sell Győr Property for HUF 3.2 bln

Listed automotive industry company Raba has said it will finalize the sale of real estate in Győr to the highest...

Retail

Czech Retail Sales Fall in February

Retail trade in the Czech Republic declined by 6.4% year-on-year in February, below market forecasts of a 7% fall, and...

Automotive

Number of Public EV Charging Stations in Hungary up 14%

The number of public electric vehicle charging stations in Hungary rose 14% to 2,147 last year, a report by the...

Pharma

Richter Launches Share Buyback Program

Pharmaceutical company Gedeon Richter has announced the commencement on April 6 of a share buyback program, according to a report...

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...