Romania retail sales declined for the second straight month in May, figures from the Bucharest-based National Institute of Statistics (INS) show. 

Serbia-based Sopharma Trading Beograd, controlled by Bulgarian drug maker Sopharma AD, plans to build a logistics facility for the storage of pharmaceutical products in Stara Pazova municipality, news portal SeeNews reports, citing planning documents for the project.

The 193rd general assembly of the Hungarian Academy of Sciences (MTA) elected Tamás Freund as the new President of the Hungarian Academy of Sciences in a 24-hour vote which began on Monday and ended on Tuesday, the Academy told state news agency MTI.

Hungarian tax consulting company OrienTax Zrt. and Szabó Kelemen & Partners Attorneys will adopt the Andersen brand in Europe and continue their activities jointly, according to a press release sent to the Budapest Business Journal.

Slovakia’s retail sales decreased for the third consecutive month in May, latest figures from Statistical Office of the Slovak Republic (SÚSR) show.

Consumer prices were 2.9% higher on average in June 2020 than a year earlier, according to data published by the Central Statistical Office (KSH).

Recently approved legislation intended to boost competition on Hungaryʼs beverages market could double sales of craft brewers, the head of the Craft Brewers Association (KSE) said at a press conference on Tuesday, according to a report by state news wire MTI.

The number of active coronavirus cases in Hungary stands at 736, down from 742 yesterday, according to data by government coronavirus information site koronavirus.gov.hu.

A total of 89 million tons of food goes to waste every year in Europe, five million tonnes of it coming from Romania. This places the country ninth in a European ranking, news agency Mediafax reports, as cited by news portal Romania-insider.

The European Court of Human Rights (ECHR) on Tuesday declared a case brought by shareholders of savings cooperatives in Hungary against the state inadmissible, according to a report by state news wire MTI.

The rainy, warm weather coming after a period of drought is favoring the development of mosquitoes, who are beginning to multiply en masse, including not only native pests but also a newly arrived foreign species, writes agroinform.hu.

Some 34% of able-bodied workers went to work as normal during the coronavirus emergency, while nearly 60% worked from home, according to an OTP survey, writes novekedes.hu.

Poland’s Ministry of Labor said the unemployment rate in June rose to 6.1%, compared to 6% in May. The number of registered unemployed rose to 1.027 million last month, the ministry said in a statement quoted by Polish Radio. 

Romanian entrepreneurs will be allowed to set up as many limited liability companies as they want, and several companies will be allowed to share the same address, Profit.ro reports, as cited by news portal Romania-insider. 

The National Bank of Hungary (MNB) on Tuesday said it fined CIB Bank and Raiffeisen Bank for failing to fully comply with rules to prevent money laundering and the financing of terrorism, state news wire MTI reports.

From July 9, FlixBus will offer direct bus services between Hungary and 11 destinations in Croatia, according to a press release sent to the Budapest Business Journal.

Croatia’s ruling center-right Croatian Democratic Union (HDZ) looks set to win the parliamentary election held on Sunday, at a time of rising coronavirus infections and a sharp economic downturn due to the pandemic, exit polls showed, according to Deutsche Welle. 

In May 2020, as a result of the coronavirus epidemic, international tourists spent 98% and domestic tourists 86% fewer tourism nights in commercial accommodation establishments compared to the same period of 2019, according to data by the Central Statistical Office (KSH).

Second-quarter commissions revenue of listed real estate broker Duna House fell 33% year-on-year to HUF 1.89 billion as lockdowns to contain the spread of the novel coronavirus caused business to slow, state news wire MTI reports, citing a preliminary report released by the company.

In May 2020 the volume of industrial production in Hungary was 30.7% lower than a year before, with the coronavirus pandemic markedly affecting the period, according to the Central Statistical Office (KSH).