Industry

Automotive

Kravtex Signs 200 Unit Volánbusz Order

Hungary's Kravtex will deliver 200 Credo Econell 12-type buses to state-owned Volanbusz by year-end in the framework of an agreement...

Manufacturing

Continest Delivers Collapsible Containers Into Ever-expanding Market

Busy building his company, Continest CEO Vidor Kis-Márton, didn’t take a summer holiday from 2016 until last year. It was...

Manufacturing

Continental: Value-added Hungary ‘a key European Manufacturing Location’

Matthias Matic is the head of Continental’s Safety and Motion business area and a board member for the Automotive Group....

Manufacturing

Time Machines, Digital Twins, and Crash Avatars: Welcome to the Industrial Metaverse

The concept of the metaverse has been around for some time, though it seems to stir much less public excitement...

Manufacturing

Ganz Intelligent Solutions Launches new Tech for Transformers

Storied Hungarian manufacturer Ganz has introduced new technology that helps transformers reach their peak performance, saving costs and contributing towards...

Retail

EcoFamily Expanding With 5 Stores

Retail chain EcoFamily, which sells non-perishables, household chemicals, and cosmetics, will open five stores this year, operator Napcsillag said this...

Retail

Hungary Retail Sales Down 10.1% y.o.y. in Feb 2023

In February 2023, the volume of retail trade in both raw and calendar-adjusted data was 10.1% lower than in the...

Automotive

AutoWallis 2022 Earnings up 166% on Higher Sales, Wider Margins

After-tax profit of listed car seller AutoWallis rose 166% to HUF 8.6 billion in 2022, lifted by higher revenue and...

Pharma

Richter Board Decides on Share Buyback Program

The board of Gedeon Richter has decided on a 12-month share buyback program up to HUF 40 billion, the pharmaceutical...

Manufacturing

Industrial Production Down 4.6% y.o.y. in February

The volume of industrial production in Hungary declined in February 2023 by 4.6% year-on-year, according to both working-day adjusted and...

Manufacturing

Latvia Industrial Production Down in February

Industrial production in Latvia decreased by 2.2% year-on-year in February, easing from a 9.8% drop in the previous month, data...

Manufacturing

Poland Manufacturing Activity Shrinks in March

Poland's manufacturing activity shrank again in March with concurrent falls in production and new orders, survey results from S&P Global...

Deals

Otthon Centrum Makes Polish Acquisition

Hungarian real estate broker Otthon Centrum on Monday said it acquired a 70% stake in Polish peer Freedom Nieruchomosci for...

Transport

Budapest Bike-sharing Scheme Expands in District III

Budapest's Mol Bubi bike-sharing scheme, operated by the Budapest Public Transport Center (BKK) with the support of Hungarian oil and...

Retail

Slovenia Retail Sales Fall for the 1st Time in Over 2 Years

Retail sales in Slovenia dropped 4% year-on-year in February, reversing from a downwardly revised 17.9% growth in the previous month,...

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...