The Hungarian state and Airbus Helicopters are establishing the joint venture 'Airbus Helicopters Hungary Ltd.' The deal was announced in Budapest this Friday. The Hungarian state has a 30% ownership stake in the newly established joint venture in Gyula, SE Hungary. From 2022, the factory will produce helicopter parts exclusively for Airbus. "The investment in […]
Vodafone Group’s international fundraiser, launched in April, to help the work of charities affected by the pandemic ended at the end of June with the employees raising a total of EUR 1.3 million. The employees of Vodafone Hungary and the VOIS Vodafone Service Center also participated in the collection and donated their support to the […]
Budapest has been named as the most affordable city to run a business in the world, according a study by utilitybidder.co.uk. There are a lot of expenses to consider when people are starting up their own business, whether it’s paying staff, finding the perfect office space, or even just keeping the lights on. "But how […]
All public events lined up for the August 20 national holiday have been cancelled in light of coronavirus protection measures, the Minister heading the Prime Minister's Office, Gergely Gulyás announced this Thursday. The events would have included an air show and the traditional fireworks in the evening. As the minister said at his regular weekly […]
Qatar Airways has issued a statement on the judgment of the International Court of Justice to which it had turned concerning the blockade of Qatar. The airline has also announced to resume flights to the Maldives. Qatar Airways welcomes the Judgment of the International Court of Justice affirming that the ICAO Council has the jurisdiction […]
The second quarter production report by the Hungarian geothermal energy firm PannErgy says the company pays special attention to climate change issues with its renewable energy projects. Hungary has set the objective of reducing its greenhouse gas emissions by at least 40% below 1990 levels by 2030, while the rate of renewable energy in gross […]
As part of the ongoing restructuring of its international charcuterie activities, the Swiss Bell Food Group is selling its Hungarian production plant to the supermarket chain Spar Hungary. The sale, confirmed by Spar Hungary to index.hu, of the specialized charcuterie production plant is expected to be completed by October 31, 2020. With almost 200 employees, […]
Despite the macroeconomic slowdown caused by the epidemic situation, Mateco-Hungary Ltd. that rents lifting equipment and work platforms used in structural architecture is starting to expand its Győr site and capacity. With a total investment of more than HUF 1 billion, the headquarters of the company, market-leading in its field, in Western Hungary will be […]
The volume of construction output, based on raw data, was 20.1% lower in Hungary in May 2020 compared to the high base of the previous year, the country's Central Statistical Office reports. Output decreased in both main groups of construction: in the construction of buildings by 24.0%, in civil engineering by 15.6%. Based on seasonally […]
The supermarket chain Lidl will be constructing a new logistics center in Hungary in the framework of a HUF 35 billion (EUR 98.8 million) investment project for which the government is providing HUF 1.2 billion (EUR 3.39 million) in non-returnable investment promotion funding. The Minister of Foreign Affairs and Trade Péter Szijjártó stated at the […]
During the state of emergency declared after the domestic appearance of COVID-19, a number of legal provisions were adopted, which helped all market participants to adapt to the situation. However, most of these provisions and restrictions were lifted after the end of the state of emergency, but some of them remained in force, since the […]
Since 2004, the CEE-6’s share in EU manufacturing output has more than doubled, as measured by the output of its factories, with the region overtaking Spain and the UK, and is closing in on France. Colliers International has published its latest report: COVID-19 & CEE’s Industrial Upside Europe’s Near Shore Powerhouse. CEE’s highly skilled and […]
The river cruise company Mahart Passnave has launched two new routes in the Danube Bend, north of Budapest: between Esztergom and Zebegény and on the Szentendre-Leányfalu-Tahitótfalu-Visegrád line. Decision on the new lines was made by the company because the train replacement boat between Nagymaros and Zebegény became popular in a very short time. The replacement […]
As a sign of revival, 84,781 passengers were flying from Budapest's Ferenc Liszt International Airport in June, the airport's management company reports. A record number, more than 17,000 respondents participated in Budapest Airport’s survey carried out in June. The results reveal that 81% of interviewees plan to fly, with 67% intending to jet off from […]
The ordinary shares of the real estate investment company SunDell Estate Plc. were listed in the standard category of the Budapest Stock Exchange (BSE) for the first time on Monday. According to a BSE announcement, one million SunDell ordinary shares (SUND) with a nominal value of HUF 100 each have been introduced into the standard […]
