Thanks to a EUR 59.6 million investment BorgWarner takes its Hungarian operation to the next level in Oroszlány, Hungary. The American automotive supplier will add new products to its portfolio to serve demand in the hybrid and electric drivetrain segment. According to a government decision, Hungarian taxpayers cover over a fifth of the investment costs […]

The Hungarian pharmaceutical company Gedeon Richter Plc. has announced on the website of the Budapest Stock Exchange that it expanded its partnership with Mithra Pharmaceuticals SA with a binding Head of Terms (HoT) agreement for the development and commercialization of the first estetrolbased combined oral contraceptive (15 mg estetrol (E4) / 3 mg drospirenone) and […]

In line with its commitment to sustainability and climate protection, the store chain is starting to transform its fleet with four electric and six LNG vehicles. This also means that Lidl has the largest fleet of alternative propulsion vehicles for in-store delivery of goods among the domestic grocery chains. For Lidl, as a responsible company, […]

The stock index of the Budapest Stock Exchange (BSE) strengthened this week, closing at 58,010.99 points on Friday, up 1,919.62 points or 3.42% from a week earlier, MTI reported Sunday morning. The weekly turnover of the stock market was HUF 66.37 billion, up from HUF 34.75 billion the previous week, with the leading stocks, except […]

The Austrian multinational integrated oil, gas and petrochemical company OMV has installed new electric chargers – one on the Buda side of the Hungarian capital and one in the northwestern part of the city of Szeged in SE Hungary. The devices are ultra-fast chargers with a total capacity of 250 kilowatts (kW), with two charging […]

The Finnish Santa Claus, Joulupukki is visiting Hungary again this year at the invitation of the Santa Claus Factory, attending celebrations this time in several towns in the countryside as well. The Santa Claus Factory Foundation said in a statement to MTI that one of the tasks of the guest from the Arctic Circle this […]

While third-quarter GDP data surprised on the upside, the underlying weaknesses of the Hungarian economy will mar the 2024 economic rebound, according to a report by BMI, a Fitch Solutions company. A challenging external environment and a tight fiscal position all point in the direction of suboptimal growth next year. In the third quarter of […]

Business service centers play an unquestionable role in maintaining the competitiveness of the Hungarian economy, István Joó, Government Commissioner and CEO of the National Investment Promotion Agency (HIPA) said at the organization’s Business Services Hungary 2023 conference in Budapest on Thursday. The government commissioner stated that there are already more than 200 business service centers […]

The Hungarian Tire Association (HTA), founded in 2011 by seven international tire manufacturers with manufacturing capacity and representation in Hungary, has published an interview on its website with the Managing Director of Michelin Hungária, Dr. Attila Nemes who says that they aim to produce 100% of their tires from bio-based, renewable or recyclable materials by […]

The implementation agreement of the Swiss-Hungarian Cooperation Program was officially signed in Budapest this Wednesday. The Ambassador of the Swiss Confederation to Hungary, Jean-Francios Paroz, emphasized at the signing ceremony that the main objective of the program is to promote career guidance and project-based learning in Hungarian vocational training. High-quality vocational training meets the needs […]

Within three years, the Market group will be the first in the construction industry in Hungary to switch to sustainable corporate operations, which, according to plans, will reduce direct and indirect costs by 30% within two years compared to 2019 emissions of greenhouse gases. This is revealed in the second voluntary sustainability report of the […]

One of the world's largest logistics companies is moving its domestic operations to Páty, just southwest of the Hungarian capital. DHL Supply Chain 2024, part of the DHL Group, will take possession of its 20,000-square-meter rental property in the 58,000-square-meter HelloParks Páty megapark building at the beginning of next January. DHL Supply Chain will occupy […]

The Hungarian banking system remains stable and its resilience to shocks is strong. Profitability is remarkably high, with interest income on central bank deposits as a significant contributing factor, the National Bank of Hungary (MNB) says in a statement on its website. Deposits by households and non-bank financial institutions in the banking system declined, although […]

Budapest has a new restaurant, VIRTU, opened on top of the country's tallest building. Located on the 28th floor of the MOL Campus, this top gastronomic spot not only takes the location and appearance to the highest level, but also offers the best of domestic and regional cuisine in excellent quality, according to a press […]

Hungary's most prominent motor show in history opens its doors to the public and is guaranteed to write a new chapter in the history of Hungarian motoring, according to the organizers. Open all year round, the event offers an exceptionally rich and diverse collection that sheds unprecedented light on the diversity of the automotive industry, […]

Experts say there is clear evidence that there is still demand for energy-efficient, modern buildings. The keyword is traceable energy use, says the financial portal portfolio.hu. The BRF (Budapest Real Estate Consultants Forum) has published its office market summary for the third quarter of 2023, which shows that the total modern office stock in Budapest […]