The installed photovoltaic capacity in Hungary increased by more than 840 megawatts in the first five months of this year, and by the beginning of the summer the total number of solar power plants above 50 kilowatts (kW) exceeded 3,000 megawatts, the Ministry of Energy (EM) informed MTI in a statement on Saturday. Another sign […]

Masterplast Plc. and Market Építő Plc. have announced on the website of the Budapest Stock Exchange (BSE) on Friday that they have established a joint venture to develop and manufacture new building materials for Master Plaster and Master Builder Construction. The two companies had a strategic cooperation agreement on the establishment of Budapest-based MIP Alapanyaggyártó […]

The Waberer's Group has invested almost EUR 2 million to rejuvenate its fleet, with the company putting 45 three-axle and 5 two-axle Berger trailers into service for its local and international transport operations, Waberer's told MTI on Friday. According to the statement, the company has replaced a significant number of its semi-trailers in recent years, […]

The first phase of Skanska's H₂Offices has set an impressive environmental benchmark, earning a Platinum Leadership in Energy and Environmental Design (LEED) Core and Shell version 4 certification with 84 points, which is currently the highest score in Hungary. A statement by Skanska points out that this achievement sets a new standard in sustainable office […]

Budget airline Wizz Air expects heavy passenger traffic and higher fares this summer. The airliner is also expecting higher revenues in the 2023-2024 financial year, after posting a loss of EUR 535 million last year, according to the company's annual report. The business news website napi.hu reports that Wizz Air's net profit for the 2023-2024 […]

Hungary will eventually have to adopt the single European currency, but moving too soon would cost the nation’s economy, the governor of the National Bank of Hungary said. György Matolcsy stressed that the country will be ready for euro adoption by 2030. The National Bank of Hungary has a clear and firm position: Hungary must […]

The innovation activity of Hungarian companies has not changed in the past six months; K&H's index measuring this stagnated at 28 points on a scale of up to 100, which means that Hungary's gap with the largest innovator countries and the EU average has increased, but digitalization has strengthened, Balázs Németh, head of innovation at […]

DENSO Gyártó Magyarország Ltd., the Hungarian subsidiary of DENSO Japan, which has been operating in the city for 25 years, has donated a four-seasonal themed garden to the city. The newly inaugurated Japanese garden is located on the island of Csónakázó Lake in Székesfehérvár. The company, founded in 1997, wanted to create a lasting memorial […]

The TritonLife Group has opened a new private hospital in Miskolc, NE Hungary, with a HUF three billion investment, the Hungarian-owned private healthcare provider told MTI on Thursday. In their statement, they emphasized that it was for the first time that the National Public Health Center granted a license to an integrated private healthcare institution […]

Consumer prices were 21.5% higher on average in May 2023 than a year earlier, MTI has quoted official figures published by the Central Statistical Office (KSH). In one month, consumer prices decreased by 0.4% on average. The highest price rises were measured for electricity, gas and other fuels as well as food over the last […]

Thanks to the joint initiative of the Europe Direct Baranya Information Center and Holcim Magyarország Ltd., students of the upper grades of primary schools in Baranya County participated in a two-round environmental education competition in the second semester of 2022. The first three winning teams of the "Youth4GreenerEU" competition are awarded the right to plant […]

Entrepreneurship is considered an attractive and socially valued career path in Hungary, and the number of businesses has started to rise again, according to research by Global Entrepreneurship Monitor and Erste Bank sent to MTI on Wednesday. Despite the turbulence of the past year, the public's assessment of the entrepreneurial climate in Hungary is basically […]

The volume of industrial production dropped in April 2023 by 8.3% year-on-year. Based on working-day adjusted data production declined by 5.8%, MTI quoted figures reported by the Central Statistical Office on Wednesday. Transport and electrical equipment production increased. According to seasonally and working-day adjusted data, industrial output was 2.5% lower than in March 2023. Production […]

The Veszprém site of Continental Automotive Hungary Ltd., which is celebrating its 30th anniversary this year, has reached the one billion sensor production mark, the company told MTI. The Hungarian subsidiary of the German automotive group said in a statement that thanks to the developments of the past decades, the Veszprém site, which is already […]

In April 2023, the volume of sales in retail trade – along with a significant base effect - decreased by 13.6% according to raw data and by 12.6% when adjusted for calendar effects compared to the same period of the previous years. It is reported to be largest decrease in Europe. Calendar-adjusted sales volumes decreased […]

US-based Dana Incorporated has announced to launch two projects to expand its operation in Győr. The leading auto parts manufacturer adds new capacities worth some EUR 96 million to meet growing demand for EVs. The investments, over 18% of which are covered by Hungarian taxpayers through a government decision, will create nearly 300 jobs for […]