Business

Automotive

Audi, Suzuki Motor on Despite Chip Shortage

The global semiconductor supply shortage has not affected production at two of Hungary’s most established OEMs, Magyar Suzuki and Audi...

Automotive

Automotive Sector Within the Scope of Planned NIS II Cybersecurity Rules

The current EU cybersecurity directive (Directive on Security of Network and Information Systems, or NIS I) has been revised by...

Automotive

Autonomous Cars Taking Over the Wheel Step by Step

U.S. animated sitcom “The Jetsons” first aired on September 23, 1962, and envisaged a future where cars would fly. While...

Logistics

Gebrüder Weiss expands in Bulgaria

Austrian transportation and logistics services provider Gebrüder Weiss said it has inked a deal to acquire Rhenus Bulgaria, a Sofia-based...

Transport

Montenegro’s new flag carrier to start regular operations next week

ToMontenegro, the successor of flag carrier Montenegro Airlines, plans to start regular commercial operations with a flight linking Podgorica and...

Retail

Retail sales up 10.6% y.o.y. in April

In April 2021, the volume of retail trade increased by 9.9% in raw data and by 10.6% in calendar-adjusted data,...

Transport

HungaroControl directed 47,375 aircraft in June

HungaroControl's air traffic controllers directed 47,375 aircraft in June, 167% more than in the same month a year earlier, but...

Innovation

Recart to receive USD 3.5 mln investment

Budapest-based mobile marketing platform Recart is set to receive an investment of USD 3.5 million, including USD 2.5 mln from...

Transport

Wizz Air racks up EUR 576 mln loss for pandemic business year

Hungarian low-fare carrier Wizz Air booked a EUR 576 million loss for its business year ended March 31, state news...

Office Market

Int’l tenant signs lease in Váci Greens E

ChemAxon has signed a new lease for approximately 3,050 sqm of office space in one of the latest additions to...

Science

Hungary nearing herd immunity

Hungary is "close to reaching community immunity" against the coronavirus, Gergely Gulyás, the head of the Prime Minister's Office, said...

Office Market

Budapest ONE office park’s final phases reach highest point

The second and third phases of Futureal's Budapest ONE office park have reached their highest point, according to a press...

Manufacturing

Czech Republic factory activity at all-time high in May

The Czech Republic Manufacturing PMI increased climbed to a record high of 61.8 in May from 58.9 in the previous...

Automotive

AutoWallis EBITDA almost triples in Q1

AutoWallis reported a 142% year-on-year increase in revenue and a 188% y.o.y. increase in EBITDA in its first-quarter management report,...

Pharma

Richter extends cariprazine licensing deal to Japan, Taiwan

Hungarian pharmaceutical company Gedeon Richter on Wednesday announced the extension of a licensing agreement with U.S. peer AbbVie for its...

Automotive

Audi, Suzuki Motor on Despite Chip Shortage

The global semiconductor supply shortage has not affected production at two of Hungary’s most established OEMs, Magyar Suzuki and Audi...

Automotive

Automotive Sector Within the Scope of Planned NIS II Cybersecurity Rules

The current EU cybersecurity directive (Directive on Security of Network and Information Systems, or NIS I) has been revised by...

Automotive

Autonomous Cars Taking Over the Wheel Step by Step

U.S. animated sitcom “The Jetsons” first aired on September 23, 1962, and envisaged a future where cars would fly. While...

Logistics

Gebrüder Weiss expands in Bulgaria

Austrian transportation and logistics services provider Gebrüder Weiss said it has inked a deal to acquire Rhenus Bulgaria, a Sofia-based...

Transport

Montenegro’s new flag carrier to start regular operations next week

ToMontenegro, the successor of flag carrier Montenegro Airlines, plans to start regular commercial operations with a flight linking Podgorica and...

Retail

Retail sales up 10.6% y.o.y. in April

In April 2021, the volume of retail trade increased by 9.9% in raw data and by 10.6% in calendar-adjusted data,...

Transport

HungaroControl directed 47,375 aircraft in June

HungaroControl's air traffic controllers directed 47,375 aircraft in June, 167% more than in the same month a year earlier, but...

Innovation

Recart to receive USD 3.5 mln investment

Budapest-based mobile marketing platform Recart is set to receive an investment of USD 3.5 million, including USD 2.5 mln from...

Transport

Wizz Air racks up EUR 576 mln loss for pandemic business year

Hungarian low-fare carrier Wizz Air booked a EUR 576 million loss for its business year ended March 31, state news...

Office Market

Int’l tenant signs lease in Váci Greens E

ChemAxon has signed a new lease for approximately 3,050 sqm of office space in one of the latest additions to...

Science

Hungary nearing herd immunity

Hungary is "close to reaching community immunity" against the coronavirus, Gergely Gulyás, the head of the Prime Minister's Office, said...

Office Market

Budapest ONE office park’s final phases reach highest point

The second and third phases of Futureal's Budapest ONE office park have reached their highest point, according to a press...

Manufacturing

Czech Republic factory activity at all-time high in May

The Czech Republic Manufacturing PMI increased climbed to a record high of 61.8 in May from 58.9 in the previous...

Automotive

AutoWallis EBITDA almost triples in Q1

AutoWallis reported a 142% year-on-year increase in revenue and a 188% y.o.y. increase in EBITDA in its first-quarter management report,...

Pharma

Richter extends cariprazine licensing deal to Japan, Taiwan

Hungarian pharmaceutical company Gedeon Richter on Wednesday announced the extension of a licensing agreement with U.S. peer AbbVie for its...

Audi, Suzuki Motor on Despite Chip Shortage

The global semiconductor supply shortage has not affected production at two of Hungary’s most established OEMs, Magyar Suzuki and Audi...

Automotive Sector Within the Scope of Planned NIS II Cybersecurity Rules

The current EU cybersecurity directive (Directive on Security of Network and Information Systems, or NIS I) has been revised by...

Autonomous Cars Taking Over the Wheel Step by Step

U.S. animated sitcom “The Jetsons” first aired on September 23, 1962, and envisaged a future where cars would fly. While...

Gebrüder Weiss expands in Bulgaria

Austrian transportation and logistics services provider Gebrüder Weiss said it has inked a deal to acquire Rhenus Bulgaria, a Sofia-based...

Montenegro’s new flag carrier to start regular operations next week

ToMontenegro, the successor of flag carrier Montenegro Airlines, plans to start regular commercial operations with a flight linking Podgorica and...

Retail sales up 10.6% y.o.y. in April

In April 2021, the volume of retail trade increased by 9.9% in raw data and by 10.6% in calendar-adjusted data,...

HungaroControl directed 47,375 aircraft in June

HungaroControl's air traffic controllers directed 47,375 aircraft in June, 167% more than in the same month a year earlier, but...

Recart to receive USD 3.5 mln investment

Budapest-based mobile marketing platform Recart is set to receive an investment of USD 3.5 million, including USD 2.5 mln from...

Wizz Air racks up EUR 576 mln loss for pandemic business year

Hungarian low-fare carrier Wizz Air booked a EUR 576 million loss for its business year ended March 31, state news...

Int’l tenant signs lease in Váci Greens E

ChemAxon has signed a new lease for approximately 3,050 sqm of office space in one of the latest additions to...

Hungary nearing herd immunity

Hungary is "close to reaching community immunity" against the coronavirus, Gergely Gulyás, the head of the Prime Minister's Office, said...

Budapest ONE office park’s final phases reach highest point

The second and third phases of Futureal's Budapest ONE office park have reached their highest point, according to a press...

Czech Republic factory activity at all-time high in May

The Czech Republic Manufacturing PMI increased climbed to a record high of 61.8 in May from 58.9 in the previous...

AutoWallis EBITDA almost triples in Q1

AutoWallis reported a 142% year-on-year increase in revenue and a 188% y.o.y. increase in EBITDA in its first-quarter management report,...

Richter extends cariprazine licensing deal to Japan, Taiwan

Hungarian pharmaceutical company Gedeon Richter on Wednesday announced the extension of a licensing agreement with U.S. peer AbbVie for its...