Business

Retail

GVH Fines Tesco HUF 7 mln

Hungary’s Competition Authority (GVH) has imposed a HUF 7 million fine on the Tesco supermarket chain, according to profitline.hu....

Transport

Passenger Transport Firm Fined HUF 10 mln for Unauthorized Lending

The National Bank of Hungary (MNB) on Thursday said it fined B&B Travel Személyszállító HUF 10 million for providing loans...

Manufacturing

Romania Industrial Output Falls at Softer Pace in June

Industrial production in Romania shrank 5.5% year-on-year in June after an upwardly revised 5.8% drop in May, figures from the...

Retail

NAV Finds Irregularities at Lakeside Inspections

This year, the auditors of the National Tax and Customs Administration (NAV) are again inspecting catering establishments, beach vendors and...

Retail

GVH Finds Minor Shortcomings in Tesco Follow-up Probe

Hungary's Competition Office (GVH) on Thursday said it conducted a follow-up probe of commitments made earlier by the local unit...

Transport

Next Gasoline Price Hike Coming Tomorrow

The wholesale price of both gasoline and diesel went up by seven forints per liter each on Wednesday, and the...

Appointments

Hungarian Named VP of Digital Energy at Schneider Electric

Dániel Racsek was appointed vice president responsible for digital energy in the Southeast European region of Schneider Electric, holding his...

Residential

Homes Take Longer to Sell – Survey

The time to sell both new and resale homes grew in the first six months of 2023 compared to the...

HR

Estonian Jobless Rate up in Q2

Estonia's unemployment rate jumped to 6.7% in the second quarter of 2023, from 5.8% in the corresponding period of the...

Manufacturing

IBM to Close Down Plant Near Capital

IBM will close down its plant making high-capacity storage devices in Vác, near the capital, relocating production to Mexico, the...

Innovation

Samsung’s Latest Smart Devices Now Available in Hungary

The latest models of the Galaxy Watch6 and Galaxy Tab S9 series, as well as the Galaxy Z Flip5 and...

Automotive

Automotive Sector Output Growth Accelerates in June

The output of the automotive industry, Hungary's biggest manufacturing sector, rose 19.1% year-on-year in June, picking up from a 10.8%...

Logistics

Magyar Posta Completes Upgrade at SW Package Depot

State-owned Hungarian postal company Magyar Posta has put into operation an automated conveyor line at its package depot in Nagykanizsa,...

Transport

Single-Wagonload Subsidies Keep 7.2 mln t of Freight off Roads

Rail freight volume supported by government subsidies for single-wagonload transport has reached 7.2 million tonnes, state-owned railway company MÁV said...

Retail

Day-old Baked Goods Available at Half Price at Lidl

Baked goods have now also been included in the nationwide food rescue campaign at Lidl, the retail chain announced, according...

Retail

GVH Fines Tesco HUF 7 mln

Hungary’s Competition Authority (GVH) has imposed a HUF 7 million fine on the Tesco supermarket chain, according to profitline.hu....

Transport

Passenger Transport Firm Fined HUF 10 mln for Unauthorized Lending

The National Bank of Hungary (MNB) on Thursday said it fined B&B Travel Személyszállító HUF 10 million for providing loans...

Manufacturing

Romania Industrial Output Falls at Softer Pace in June

Industrial production in Romania shrank 5.5% year-on-year in June after an upwardly revised 5.8% drop in May, figures from the...

Retail

NAV Finds Irregularities at Lakeside Inspections

This year, the auditors of the National Tax and Customs Administration (NAV) are again inspecting catering establishments, beach vendors and...

Retail

GVH Finds Minor Shortcomings in Tesco Follow-up Probe

Hungary's Competition Office (GVH) on Thursday said it conducted a follow-up probe of commitments made earlier by the local unit...

Transport

Next Gasoline Price Hike Coming Tomorrow

The wholesale price of both gasoline and diesel went up by seven forints per liter each on Wednesday, and the...

Appointments

Hungarian Named VP of Digital Energy at Schneider Electric

Dániel Racsek was appointed vice president responsible for digital energy in the Southeast European region of Schneider Electric, holding his...

Residential

Homes Take Longer to Sell – Survey

The time to sell both new and resale homes grew in the first six months of 2023 compared to the...

HR

Estonian Jobless Rate up in Q2

Estonia's unemployment rate jumped to 6.7% in the second quarter of 2023, from 5.8% in the corresponding period of the...

Manufacturing

IBM to Close Down Plant Near Capital

IBM will close down its plant making high-capacity storage devices in Vác, near the capital, relocating production to Mexico, the...

Innovation

Samsung’s Latest Smart Devices Now Available in Hungary

The latest models of the Galaxy Watch6 and Galaxy Tab S9 series, as well as the Galaxy Z Flip5 and...

Automotive

Automotive Sector Output Growth Accelerates in June

The output of the automotive industry, Hungary's biggest manufacturing sector, rose 19.1% year-on-year in June, picking up from a 10.8%...

Logistics

Magyar Posta Completes Upgrade at SW Package Depot

State-owned Hungarian postal company Magyar Posta has put into operation an automated conveyor line at its package depot in Nagykanizsa,...

Transport

Single-Wagonload Subsidies Keep 7.2 mln t of Freight off Roads

Rail freight volume supported by government subsidies for single-wagonload transport has reached 7.2 million tonnes, state-owned railway company MÁV said...

Retail

Day-old Baked Goods Available at Half Price at Lidl

Baked goods have now also been included in the nationwide food rescue campaign at Lidl, the retail chain announced, according...

GVH Fines Tesco HUF 7 mln

Hungary’s Competition Authority (GVH) has imposed a HUF 7 million fine on the Tesco supermarket chain, according to profitline.hu....

Passenger Transport Firm Fined HUF 10 mln for Unauthorized Lending

The National Bank of Hungary (MNB) on Thursday said it fined B&B Travel Személyszállító HUF 10 million for providing loans...

Romania Industrial Output Falls at Softer Pace in June

Industrial production in Romania shrank 5.5% year-on-year in June after an upwardly revised 5.8% drop in May, figures from the...

NAV Finds Irregularities at Lakeside Inspections

This year, the auditors of the National Tax and Customs Administration (NAV) are again inspecting catering establishments, beach vendors and...

GVH Finds Minor Shortcomings in Tesco Follow-up Probe

Hungary's Competition Office (GVH) on Thursday said it conducted a follow-up probe of commitments made earlier by the local unit...

Next Gasoline Price Hike Coming Tomorrow

The wholesale price of both gasoline and diesel went up by seven forints per liter each on Wednesday, and the...

Hungarian Named VP of Digital Energy at Schneider Electric

Dániel Racsek was appointed vice president responsible for digital energy in the Southeast European region of Schneider Electric, holding his...

Homes Take Longer to Sell – Survey

The time to sell both new and resale homes grew in the first six months of 2023 compared to the...

Estonian Jobless Rate up in Q2

Estonia's unemployment rate jumped to 6.7% in the second quarter of 2023, from 5.8% in the corresponding period of the...

IBM to Close Down Plant Near Capital

IBM will close down its plant making high-capacity storage devices in Vác, near the capital, relocating production to Mexico, the...

Samsung’s Latest Smart Devices Now Available in Hungary

The latest models of the Galaxy Watch6 and Galaxy Tab S9 series, as well as the Galaxy Z Flip5 and...

Automotive Sector Output Growth Accelerates in June

The output of the automotive industry, Hungary's biggest manufacturing sector, rose 19.1% year-on-year in June, picking up from a 10.8%...

Magyar Posta Completes Upgrade at SW Package Depot

State-owned Hungarian postal company Magyar Posta has put into operation an automated conveyor line at its package depot in Nagykanizsa,...

Single-Wagonload Subsidies Keep 7.2 mln t of Freight off Roads

Rail freight volume supported by government subsidies for single-wagonload transport has reached 7.2 million tonnes, state-owned railway company MÁV said...

Day-old Baked Goods Available at Half Price at Lidl

Baked goods have now also been included in the nationwide food rescue campaign at Lidl, the retail chain announced, according...