Central Europe / Tech

Number of online shoppers close to 5.4mn in Hungary

bne IntelliNews May 23, 2019

Online sales in Hungary are growing at a pace three-fold that of retail sales, around 17-18%, and accounted for 4.5% of total retail sales turnover last year, eNet found.

Latvia-China e-commerce hub launched in Riga

bne IntelliNews May 22, 2019

The hub is expected to promote economic cooperation between China and Latvia, which could reach €1bn in the coming years, a Latvian government official said.

First phase of ZalaZone race track inaugurated in Western Hungary

bne IntelliNews May 20, 2019

The Zalaegerszeg race track, one of its kind in the CEE region, has been specifically designed to test autonomous, connected, and electric vehicles.

MOL teams up with InoBat on hydrogen fuel cell development

bne IntelliNews May 20, 2019

The Hungarian company is pursuing alternative investments in line with its long-term strategy as it seeks to decrease dependence on its core business.

Facebook bans ads of Hungarian government-friendly media conglomerate

bne IntelliNews May 16, 2019

Mediaworks, which is closely aligned with the ruling conservative Fidesz, says there are "political and ideological reasons" for the decision.