The price cap on fuel and certain food products will remain in place until July 1. The main reason being the war, and until the war is over, prices will continue to rise.

Hungary has opened a new chain of stores, the German chain TEDi in Budapest, in the 11th district, Savoya Park. It already has stores in Pápa and Székesfehérvár in Hungary.

UPS Healthcare division has expanded its Budaörs headquarters with 13,000 square meters of warehouse space. UPS Healthcare Hungary Zrt. has 37,000 square meters for storage of temperature-sensitive medicines and biologics.

Hungary and Poland will achieve the highest GDP growth in the Central and Eastern European region this year, according to the World Economic Outlook (WEO) published by the International Monetary Fund (IMF).

The Austrian KNAPP AG is setting up a new plant in Nemesvámos (near Veszprém). The manufacturer of conveyor systems and warehouse logistics equipment invested almost EUR 16.7 million.

The state budget reported a record deficit of HUF 875 billion (EUR 2 billion) in March. By the end of March public deficit already reached 73.3 percent of the full-year target.

The Hungarian Indotek Group acquired a 43% stake in the Croatian Fortenova Group. The Russian Sberbank had to part with its participation because of the EU sanctions against Russia after the outbreak of the Ukraine war.

The Masterplast Nyrt. has established Masterplast Italia SRL with 51% business share of the company. The company was set up to trade in thermal insulation materials with a share capital of EUR 200,000.

MÁV-Start has signed a public procurement contract to purchase 115 new Vectron electric locomotives from Siemens Mobility Kft. and Siemens Mobility Austria GmbH with a more favorable offer than the cost estimate.

The Kravtex-Kühne group of companies handed over a 4,000-square-meter production hall, expanding the bus factory’s floor space to more than 20,000 square meters.