On Friday, Saturday and Sunday, a total of 6688 people were diagnosed with the new coronavirus (SARS-CoV-2) in Hungary, bringing the total number of people infected since the beginning of the epidemic to 850,513, according to official figures. The death toll from the pandemic has risen by 75 in the last three days to 30,567.A […]
The price of the pulp needed to make paper is rising brutally, but there are also global supply constraints. This can cause headaches not only for manufacturers, but also for retailers and ultimately for consumers. The business news site napi.hu reports that even if book prices are not yet expected to rise, some paper retailers […]
The Budapest Stock Exchange (BSE) share index rose in falling turnover this week, with the BUX closing at 55,254.39 points, a new historic high of 490.05 points increase, on Friday, 0.89% higher than a week ago. Turnover on the stock market was HUF 37.65 billion, up from HUF 52.47 billion last week, with the leading […]
October 23 is a national holiday in remebreance of the outbreak of the uprising against the Stalinist style regime on this day in 1956 and the ensuing revolution. Speakers at different rallies this Saturday used the occasion to speak to their supporters with view to the parliamnetary elections due next spring. Prime Minister Viktor Orbán, […]
Mercedes-Benz Manufacturing Hungary launches the series production of its new fully electric SUV model, the 'EQB'. The company completed the investment in a remarkably short period of time from decision-making – in less than one year. EQB is the very first fully electric vehicle to be manufactured in series production in Hungary. The purely electric […]
This year, the world travel industry's most prestigious awards program, the World Travel Awards, was held for the 28th time and Matild Palace, a Luxury Collection Hotel, Budapest, opened in the heart of Budapest this summer, has won the category of 'Hungary's Leading Hotel'. According to a press release, the Hungarian luxury hotel, located in […]
Swiss-owned Swiss Krono, the world's leading manufacturer of wood-based materials, has decided to implement a significant capacity increasing development. As a result of the investment of EUR 47 million retaining 145 jobs and creating 28 new ones, the "OSB" production capacity of the Vásárosnamény plant will increase more than 1.5 times. About 15% of the […]
Hungary’s opposition parties, which have joined forces to fight next year’s general election, have elected a small-town mayor to challenge incumbent Prime Minister Viktor Orbán in the 2022 polls. Péter Márki-Zay is expected to win over swing voters and disillusioned Orbán supporters as the opposition seeks to stop Orbán from winning a fourth term in […]
Although the summer is over, September has not discouraged travelers from getting on a flight. The passenger numbers measured during the first month of the fall confirm that September’s pleasantly warm days have encouraged people to visit European cities, and even to fly to more distant destinations. 639,051 passengers used Ferenc Liszt International Airport in […]
SHARE NOW is the first company in Hungary to make its long-term carsharing service available. SHARE NOW's business customers are increasingly using day packages during the week: three quarters of business rentals for at least one day are now made on weekdays. In September, the volume of daily carsharing package rentals fell by nearly 20% […]
Roche is making its HR function more agile, innovative and customer-focused globally. Shortly after the transition to a new operating model called People & Culture, the company's Budapest service center has appointed a new HR manager: Kristóf Zács, with extensive experience in international HR, including the launch of new business services. Kristóf Zács previously led […]
In an earlier interview with Diplomacy&Trade László Bakonyi, the owner and General Manager of Btech Hungary Ltd., the market leader in the wholesale of watches (and in the retail under the name BL Óraszalon) in Hungary in terms of turnover, number of employees, product portfolio and the number of shops, noted that demand for top […]
In order to increase their pharmaceutical production capacity, the French-owned Egis Pharmaceuticals has expanded its site in Körmend. With the investment of more than EUR 21.8 million, in addition to the new packaging factory, Egis has also established a plant with special know-how and technological needs, typically suitable for the production of oncology products; thereby […]
János Kornai, Széchenyi Prize-winning economist, member of the Hungarian Academy of Sciences, professor emeritus at Harvard University and Corvinus University, recipient of the French Order of Honour, honorary member of the Swedish, American and other academies, passed away this Monday evening in the 94th year of his life, the family told the state news agency […]
In 2021, Nestlé Hungária is celebrating its 30th anniversary. The Hungarian subsidiary of the Swiss food group is the largest Swiss investor, employer and food company in Hungary. Nestlé Hungária remains highly active and plans its future on sustainability and automatization. The company is not only proud of its history, but also looks to the […]
