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June 2021

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Index at All-Time High at the Budapest Stock Exchange

D&T
Jun 14, 2021

The Budapest Stock Exchange's share index, the BUX, closed at a new all-time high of 49,015.24 points on Monday, up 169.40 points or 0.35% . Turnover on the stock market was HUF 7.1 billion forints on Monday, with the leading shares gaining on Friday's close, with the exception of that of MOL. Lajos Török, senior […]

Book on the 'Angel of Budapest' Published

D&T
Jun 14, 2021

This Monday, the Embassy of Spain in Budapest presented the book 'The Spanish Diplomat' written by Dr. Erzsébet Dobos. It tells how Ángel Sanz Briz saved the lives of of over 5,200 Hungarian Jews in Budapest in 1944. Last week marked 41 years since the death, in Rome, of Ángel Sanz Briz who, in 1944, […]

German Mobility Award for Siemens

D&T
Jun 14, 2021

This year's German Mobility Award goes to the Digital S-Bahn Hamburg. The team from Deutsche Bahn and Siemens Mobility is putting Germany’s first fully automated railway in service. In cooperation with the city of Hamburg, four Hamburg S-Bahn trains operating with passengers will be digitally controlled during the ITS Congress in October. The advantage of […]

PET Cup Waste Collection on Lake Tisza

D&T
Jun 13, 2021

The Second Lake Tisza for river cleaning and waste collection started this Sunday from Tiszafüred with the participation of eleven teams. The teams paddle down the Tisza to Kiskörös in boats they have made from bottles, collecting waste accumulated on the river. The organisers are working across borders and with several countries to tackle the […]

Hungarian Grocery Stores Doing Well

D&T
Jun 13, 2021

Hungarian grocery stores achieved significant growth in May 2021, with sales up 20% compared to two years earlier, the news site napi.hu reports. Retail sales increased in May, according to the latest figures from the Hungarian Central Statistical Office (KSH) based on online checkout data. The grocery store revenues were not compared to May last […]

World Handicraft Day Celebrated in Hungary

D&T
Jun 12, 2021

The workshops of the members of the Hungarian Crafts Association opened simultaneously in different parts of the country on the occasion of World Handicraft Day to show the unbelievable richness and diversity of crafts. The Hungarian Crafts Association prepared a nationwide campaign for World Handicraft Day. The association was founded nearly ten years ago to […]

To Take the Lead in Quick-Frozen Sweet Corn Processing

D&T
Jun 12, 2021

Agrosprint, a Hungarian-owned fruit and vegetable processing and quick-freezing plant, is carrying out developments in two Hungarian sites to become the largest quick-frozen sweet corn processor in Europe. With the investment to be realized in Nyírlugos-Cserhágó and Karcag by the end of 2023, the company's frozen fruit and vegetable processing capacity will be expanded, and […]

Luxury and Sustainability – Mercedes-EQ

D&T
Jun 11, 2021

As the inventor of the automobile, Mercedes-Benz also takes responsibility for the future of mobility. Customers of Mercedes-Benz traditionally expect safe, comfortable and dynamic cars in premium quality. However, environmentally friendly solutions are more important than ever. Sustainability is now an integral part of the business strategy of Mercedes-Benz. Mercedes-Benz has been working for decades […]

Hungary Posts Significant Budget Shortfall in May

D&T
Jun 11, 2021

Despite lifting many of the pandemic-related restrictions, Hungary’s central budget posted a significant shortfall in May. Expenditures are mounting on a new set of measures to re-start the economy. In May, the central budget booked a deficit of HUF 269 billion, pushing the shortfall in the first 5 months of the year to HUF -1,312.6 […]

Hanon Systems Székesfehérvár

Hanon Systems Expanding Hungarian Locations

D&T
Jun 11, 2021

Hanon Systems of South Korea with a dominant market share in the automotive thermal management market is expanding the production capacity of refrigerant valves for electric cars in Hungary. The company will invest almost EUR 54 million in three Hungarian sites. The developments will create jobs for 40 people in Székesfehérvár. As the Hungarian Investment […]

'Call for Europe': Social Projects for Children

D&T
Jun 10, 2021

In December 2020, the UniCredit Foundation launched the second edition of the 'Call for Europe' initiative, supporting social projects for children in the European countries where UniCredit operates. The Group's banks had until the end of February 2021 to nominate projects from local applicants who meet the call. From these, an expert jury of the […]

Hungary's First Industrial 5G Private Network Goes Live

D&T
Jun 10, 2021

After a six-month test period at Foxconn's Komárom factory, initiation of the latest generation of mobile network-based solutions will continue. PC testing is already running on a private 5G network. The use of 5G will open up new horizons for industry by means of hardware and software optimised for 5G in the near future, enabling […]

Being Sustainable Is Mandatory

D&T
Jun 10, 2021

More than a hundred satisfied corporate e-fleet clients have driven over 3,000,000 kilometers without a single drop of gasoline. If we calculated with an average 99 g/km CO2 emission this would spare almost 300 tons of greenhouse gas emissions. Ten loaded trucks could deliver these 300 tons! Sounds promising, but Zsolt Jamniczky, member of the […]

Falling Export and Import Figures

D&T
Jun 9, 2021

In EUR terms, the value of exports was 73% and that of imports 52% larger in April 2021 than the base in the same period of the previous year, which was low because of the epidemic and the related measures. The balance of external trade in goods improved by EUR 888 million, the Central Statistical […]

Switching to Electric Car: It Won't Be a Shock

D&T
Jun 9, 2021

Many people are clearly thinking about making their next car or one of their family car purchase electric. Electric cars are not the answer for everyone, but there are reassuring answers to many of the concerns. The most frequent question is ‘Will an electric car suit me?’ and the answer is: if you don't regularly […]

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