Industry

Automotive

Hungarian Used Car Market Shows Signs of Recovery

According to preliminary DataHouse data, 64,000 cars changed hands in February, down 4% from 67,700 in January, but if the...

Automotive

AutoWallis Publishes 1st Sustainability Report

The AutoWallis Group has published its first sustainability report, and it will continue to do so after each business year,...

Retail

Lidl Considering Home Delivery

Lidl Hungary is investigating the possibility of introducing online shopping, the company has told business daily Világgazdaság....

Manufacturing

Civita Group Inaugurates HUF 2.5 bln Pasta Plant

Family-owned Civita Group inaugurated a HUF 2.5 bln gluten-free pasta and edible tableware plant in Monostorpályi (206 km east of...

Manufacturing

Schneider Electric Lays Cornerstone of HUF 16 bln Plant in Hungary

French-owned Schneider Electric laid the cornerstone of a HUF 16 billion plant that will make medium-voltage distribution equipment in Dunavecse...

Automotive

Global Energy Crisis Increases Electric Vehicle Expenditure

With motorists eyeing greener transport options, electric vehicles are gaining ground in Hungary. Yet, driving a pure EV has gotten...

Manufacturing

Masterplast Boosts Stake in Italian Business

Listed Hungarian building materials maker Masterplast on Thursday said it agreed to acquire a 44.5% stake in Masterplast Italia, boosting...

Manufacturing

Romania Industrial Output Falls on Year in January

Romania's industrial production decreased by an adjusted 6.1% year-on-year in January, data from the National Institute of Statistics (INS) showed...

Automotive

Audi Hungaria Revenue Reaches EUR 8.4 bln in 2022

Revenue of the local unit of German car maker Audi rose by EUR 719 million to EUR 8.436 bln last...

Transport

750 Young Hungarians Eligible for Free European Train Pass

Some 750 young Hungarians can get a free European train pass as part of the new eighth tender of the...

Deals

Alteo Shareholders Part With 12.2% Stake in Buyout Offer

Stakeholders in listed alternative energy company Alteo parted with shares carrying 12.24% of voting rights in a mandatory public purchase...

Deals

MOL Group Parts With 39 Slovenian Refueling Stations

Hungary's MOL Group is selling 39 of its refueling stations in Slovenia to win European Commission approval for its acquisition...

Transport

New Bike Path Connecting Zala County Towns

Towns across Zala County are being connected by a new bicycle path, which is being built by the Zala county...

Deals

Hungary, Indonesia Sign Blockchain Tech Cooperation Deal

Asih Karnengsih, president of the Indonesian Blockchain Association; András Levente Gál, CEO of Neumann János Nonprofit; and Tamás Czeglédi, head...

Retail

Bulgaria Retail Sales Rise, Industrial Output Declines in January 

Bulgaria's retail sales at constant prices, except for motor vehicles and motorcycles, increased by 5.6% year-on-year in January, after climbing...

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...