Industry

Automotive

Szeged’s BYD Plant Nears Completion, City Confirms 960 Hires

Szeged Mayor László Botka has visited BYD's first European car plant, confirming that several production halls are already finished and...

Retail

Tesco to Close Major Budapest Hypermarket on April 30

Tesco confirmed it will permanently close its Soroksári út hypermarket in Budapest after April 30, in what the company called...

Retail

Temu Intensifies Price Competition in Hungary’s Retail Sector

Hungarian shopping habits have changed dramatically in the past few years. Although the dominance of brick-and-mortar stores remains, purchasing decisions...

Retail

Shopper Park Plus Announces Acquisitions in Pipeline

Shopper Park Plus, which owns a portfolio of retail properties in the region, made an announcement on Wednesday about acquisitions...

Transport

Asiana Airlines Launches Direct Budapest-Seoul Flight

Asiana Airlines has launched a new direct flight to Seoul. With these two new weekly connections, combined with Korean Airlines’...

Automotive

Szeged’s BYD Plant Nears Completion, City Confirms 960 Hires

Szeged Mayor László Botka has visited BYD's first European car plant, confirming that several production halls are already finished and...

Retail

Tesco to Close Major Budapest Hypermarket on April 30

Tesco confirmed it will permanently close its Soroksári út hypermarket in Budapest after April 30, in what the company called...

Retail

Temu Intensifies Price Competition in Hungary’s Retail Sector

Hungarian shopping habits have changed dramatically in the past few years. Although the dominance of brick-and-mortar stores remains, purchasing decisions...

Retail

Shopper Park Plus Announces Acquisitions in Pipeline

Shopper Park Plus, which owns a portfolio of retail properties in the region, made an announcement on Wednesday about acquisitions...

Transport

Asiana Airlines Launches Direct Budapest-Seoul Flight

Asiana Airlines has launched a new direct flight to Seoul. With these two new weekly connections, combined with Korean Airlines’...

Chinese Car Brand Geely to Debut in Austria With AutoWallis Group

AutoWallis Group is strengthening its portfolio with another brand after signing an exclusive distribution agreement for Austria with China’s Zhejiang...

Szeged’s BYD Plant Nears Completion, City Confirms 960 Hires

Szeged Mayor László Botka has visited BYD's first European car plant, confirming that several production halls are already finished and...

Tesco to Close Major Budapest Hypermarket on April 30

Tesco confirmed it will permanently close its Soroksári út hypermarket in Budapest after April 30, in what the company called...

Average Asking Price for Used Cars a Little Over HUF 5.6 mln

The average asking price for used cars in Hungary edged over HUF 5.6 million in March from HUF 5.5 mln...

AutoWallis Sales Edge Lower as Wholesale Turnover Weighs

Listed car seller AutoWallis's vehicle sales edged down by approximately 2% year-on-year to 11,602 in the first quarter, falling on...

Temu Intensifies Price Competition in Hungary’s Retail Sector

Hungarian shopping habits have changed dramatically in the past few years. Although the dominance of brick-and-mortar stores remains, purchasing decisions...

Wizz Air Named Official Airline Partner for Budapest Athletics World Final

Wizz Air has been named the official airline partner of the inaugural Athletics World Final, set to take place in...

Lufthansa Strike Forces Multiple Budapest Flight Cancellations

Several Lufthansa flights to and from Budapest were cancelled on Friday due to a strike by the German airline’s cabin...

Electric, Hybrid Cars Gain Ground as Diesel Demand Declines, Használtautó.hu Says

Interest in electric and hybrid vehicles continues to grow in Hungary’s used-car market, while demand for diesel models is declining,...

Hungary Retail Sales up 3.8% Year-on-year in February

Hungary’s retail sales rose by an annual 3.8% in February, with modest growth also recorded on a monthly basis, according...

Shopper Park Plus Announces Acquisitions in Pipeline

Shopper Park Plus, which owns a portfolio of retail properties in the region, made an announcement on Wednesday about acquisitions...

Richter Board Proposes HUF 656-per-Share Dividend

The board of Hungarian pharmaceutical company Gedeon Richter will propose payment of a HUF 656/share dividend on 2025 earnings at...

4iG, Northrop Grumman Sign Satellite Deal to Boost Hungary’s Space Capabilities

4iG S&D has signed a multimillion-dollar agreement with Northrop Grumman to develop a geostationary communications satellite under Hungary’s flagship Husat...

BMW Sales in Hungary Climb Close to 25% in Q1 2026

First-quarter sales of the BMW brand in Hungary climbed 24.5pc year-on-year to 1,870, keeping the German vehicle maker in the...

Asiana Airlines Launches Direct Budapest-Seoul Flight

Asiana Airlines has launched a new direct flight to Seoul. With these two new weekly connections, combined with Korean Airlines’...