Business

Transport

Competition Office Launches Probe of Wizz Air Hungary

Hungary's Competition Office (GVH) on Wednesday announced the launch of a probe of Wizz Air Hungary over check-in practices, according...

Competition

Significant Drop in FinTech Investments Recorded Last Year: This Competition Provides New Opportunity for Innovative Startups With Prizes up to EUR 10,000

More than 2,500 attendees will hear brilliant ideas from the top 10 teams at the Money Motion conference in Zagreb,...

Manufacturing

Industrial Producer Prices Fall in December

Industrial producer prices in Hungary were 7.2% lower on average in December 2023 compared to one year earlier, the Central...

Transport

Bahart Passenger Numbers Climb Over 2.1 mln

Passenger numbers on vessels operated by Lake Balaton ferry company Bahart were close to 2,150,000 last year, a 22-year record,...

Manufacturing

Expansion of Rheinmetall Ammo Plant in Várpalota in Progress

The new Rheinmetall ammunition plant in Várpalota, Hungary, currently being built by the Hungarian holding company N7 on behalf of...

Science

Pécs Uni Develops Long COVID Prediction Model

The data from recently concluded research on the coronavirus makes it possible to predict severe conditions caused by the infection,...

Retail

Latvia Retail Sales Rebound in December

Latvia's retail sales rose by 1.1% year-on-year in December, following a downwardly revised 1.9% decline in the prior month, figures...

Telco

Consumers Buying Fewer Single-service Telco Packages

The proportion of customers using only one service has decreased sharply in the last four years, the Communications Directorate of...

Automotive

Primary Owner Supports AutoWallis Growth With Capital Increase of HUF 5.7 bln

The primary owner is supporting AutoWallis’s plans for international growth with a capital increase of HUF 5.7 billion, strengthening the...

Deals

Richter Becomes Strategic Investor in Formycon

Hungarian pharmaceutical company Gedeon Richter on Monday announced the acquisition of a 9.08% stake in German biosimilar maker Formycon, according...

Retail

Trade in Fakes Hits Hungary

Trade in counterfeit merchandise has cost Hungarian companies EUR 189 million in lost revenue and resulted in 4,466 job losses,...

HR

Avg Hourly Rate for Blue-collar Workers up Almost 20% in Q4

The average gross hourly pay rate for skilled and unskilled blue-collar workers in Hungary climbed 19.8% to HUF 1,952 in...

Retail

Lithuania Retail Sales Jumps, Industrial Production Falls in December

Lithuania's retail sales increased 1.9% year-on-year in December from 0.1% rise in the previous month, data from Statistics Lithuania (LS)...

Residential

BYD Plant Spurs Housing Boom in Szeged, Csongrád

The housing market in the city of Szeged and Csongrád County switched to a higher speed after China's BYD announced...

HR

Unemployment Rate Stagnant at 4.2% in December

The unemployment rate in Hungary stood at 4.2% in December, remaining practically unchanged compared to the previous month, according to...

Transport

Competition Office Launches Probe of Wizz Air Hungary

Hungary's Competition Office (GVH) on Wednesday announced the launch of a probe of Wizz Air Hungary over check-in practices, according...

Competition

Significant Drop in FinTech Investments Recorded Last Year: This Competition Provides New Opportunity for Innovative Startups With Prizes up to EUR 10,000

More than 2,500 attendees will hear brilliant ideas from the top 10 teams at the Money Motion conference in Zagreb,...

Manufacturing

Industrial Producer Prices Fall in December

Industrial producer prices in Hungary were 7.2% lower on average in December 2023 compared to one year earlier, the Central...

Transport

Bahart Passenger Numbers Climb Over 2.1 mln

Passenger numbers on vessels operated by Lake Balaton ferry company Bahart were close to 2,150,000 last year, a 22-year record,...

Manufacturing

Expansion of Rheinmetall Ammo Plant in Várpalota in Progress

The new Rheinmetall ammunition plant in Várpalota, Hungary, currently being built by the Hungarian holding company N7 on behalf of...

Science

Pécs Uni Develops Long COVID Prediction Model

The data from recently concluded research on the coronavirus makes it possible to predict severe conditions caused by the infection,...

Retail

Latvia Retail Sales Rebound in December

Latvia's retail sales rose by 1.1% year-on-year in December, following a downwardly revised 1.9% decline in the prior month, figures...

Telco

Consumers Buying Fewer Single-service Telco Packages

The proportion of customers using only one service has decreased sharply in the last four years, the Communications Directorate of...

Automotive

Primary Owner Supports AutoWallis Growth With Capital Increase of HUF 5.7 bln

The primary owner is supporting AutoWallis’s plans for international growth with a capital increase of HUF 5.7 billion, strengthening the...

Deals

Richter Becomes Strategic Investor in Formycon

Hungarian pharmaceutical company Gedeon Richter on Monday announced the acquisition of a 9.08% stake in German biosimilar maker Formycon, according...

Retail

Trade in Fakes Hits Hungary

Trade in counterfeit merchandise has cost Hungarian companies EUR 189 million in lost revenue and resulted in 4,466 job losses,...

HR

Avg Hourly Rate for Blue-collar Workers up Almost 20% in Q4

The average gross hourly pay rate for skilled and unskilled blue-collar workers in Hungary climbed 19.8% to HUF 1,952 in...

Retail

Lithuania Retail Sales Jumps, Industrial Production Falls in December

Lithuania's retail sales increased 1.9% year-on-year in December from 0.1% rise in the previous month, data from Statistics Lithuania (LS)...

Residential

BYD Plant Spurs Housing Boom in Szeged, Csongrád

The housing market in the city of Szeged and Csongrád County switched to a higher speed after China's BYD announced...

HR

Unemployment Rate Stagnant at 4.2% in December

The unemployment rate in Hungary stood at 4.2% in December, remaining practically unchanged compared to the previous month, according to...

Competition Office Launches Probe of Wizz Air Hungary

Hungary's Competition Office (GVH) on Wednesday announced the launch of a probe of Wizz Air Hungary over check-in practices, according...

Significant Drop in FinTech Investments Recorded Last Year: This Competition Provides New Opportunity for Innovative Startups With Prizes up to EUR 10,000

More than 2,500 attendees will hear brilliant ideas from the top 10 teams at the Money Motion conference in Zagreb,...

Industrial Producer Prices Fall in December

Industrial producer prices in Hungary were 7.2% lower on average in December 2023 compared to one year earlier, the Central...

Bahart Passenger Numbers Climb Over 2.1 mln

Passenger numbers on vessels operated by Lake Balaton ferry company Bahart were close to 2,150,000 last year, a 22-year record,...

Expansion of Rheinmetall Ammo Plant in Várpalota in Progress

The new Rheinmetall ammunition plant in Várpalota, Hungary, currently being built by the Hungarian holding company N7 on behalf of...

Pécs Uni Develops Long COVID Prediction Model

The data from recently concluded research on the coronavirus makes it possible to predict severe conditions caused by the infection,...

Latvia Retail Sales Rebound in December

Latvia's retail sales rose by 1.1% year-on-year in December, following a downwardly revised 1.9% decline in the prior month, figures...

Consumers Buying Fewer Single-service Telco Packages

The proportion of customers using only one service has decreased sharply in the last four years, the Communications Directorate of...

Primary Owner Supports AutoWallis Growth With Capital Increase of HUF 5.7 bln

The primary owner is supporting AutoWallis’s plans for international growth with a capital increase of HUF 5.7 billion, strengthening the...

Richter Becomes Strategic Investor in Formycon

Hungarian pharmaceutical company Gedeon Richter on Monday announced the acquisition of a 9.08% stake in German biosimilar maker Formycon, according...

Trade in Fakes Hits Hungary

Trade in counterfeit merchandise has cost Hungarian companies EUR 189 million in lost revenue and resulted in 4,466 job losses,...

Avg Hourly Rate for Blue-collar Workers up Almost 20% in Q4

The average gross hourly pay rate for skilled and unskilled blue-collar workers in Hungary climbed 19.8% to HUF 1,952 in...

Lithuania Retail Sales Jumps, Industrial Production Falls in December

Lithuania's retail sales increased 1.9% year-on-year in December from 0.1% rise in the previous month, data from Statistics Lithuania (LS)...

BYD Plant Spurs Housing Boom in Szeged, Csongrád

The housing market in the city of Szeged and Csongrád County switched to a higher speed after China's BYD announced...

Unemployment Rate Stagnant at 4.2% in December

The unemployment rate in Hungary stood at 4.2% in December, remaining practically unchanged compared to the previous month, according to...