“Sales revenues in the first nine months were up on a year-on-year basis in most markets in both HUF and EUR terms, fueled by growth in the specialty portfolio, in particular higher Vraylar® and Evra® royalties. This broad-based strength in revenue performance was translated into a solid bottomline also ex-Vraylar®, despite higher spending on R&D […]

It was this day in 1996 that saw the opening in Hungary the first Tesco hypermarket, which was unique in the region. On the opening day, the store in the Pólus Center shopping mall was visited by so many people that they waited in queues of hundreds of meters long for hours to get in. […]

Nestlé Hungária starts yet another major investment in their pet food factory in Bük. In the framework of the more than EUR 96 million capacity extension project creating 120 jobs, a new wet food plant of 16,000 square meters will be established, where two new aluminum pouch production lines and 50 new robots will be […]

In the past three days, 17,834 new cases of infection and 214 deaths have been recorded, the official site says. That is an average of nearly 6,000 new infections over the three days, including the weekend. Even taking that into account, the current figure is high: 6,800 new cases were reported on Friday and 11,200 […]

The stock index (BUX) of the Budapest Stock Exchange (BSE) rose on the week, closing at 55,099.88 points on Friday, up 1.66% on a week ago, or 902.17 points. Turnover on the stock market was HUF 52.6 billion, up from HUF 48.5 billion last week, with leading shares gaining. In its weekly summary sent to […]

Cancer Research Institute (CRI), a nonprofit organization dedicated to harnessing the immune system’s power to control and potentially cure all types of cancer, will confer its prestigious William B. Coley Award for Distinguished Research in Basic Immunology on four key scientists, including Hungarian researcher Dr. Katalin Karikó, credited with the discovery and development of messenger […]

Slightly more than half of Hungarians are currently optimistic and will not change their travel plans for the summer of next year, according to a survey conducted by Pulzus for the business news site napi.hu. Although the coronavirus epidemic is seasonal and there are typically fewer people infected in the summer, many people cancelled trips […]

Supported by the macro-economic environment, the doubling petrochemicals margins compared to last year and the internal performance of the company, Clean CCS EBITDA strongly rebounded and came in at USD 1,025 mn in Q3 2021. According to a press relase by the company, this result brought Q1-Q3 2021 EBITDA to USD 2,583 mn that allows […]

The Hungarian economy is likely to recover from the shock of the coronavirus epidemic at a much faster pace than previously expected, according to a biannual report by the European Bank for Reconstruction and Development (EBRD). The organization raised its forecast for Hungary’s GDP growth this year to nearly 8%, which is in line with […]

Soft Flow, a biotechnological company in Danish ownership, has inaugurated a new center of excellence in Pécs, southern Hungary, comprising most modern analytical, chemical, molecular biology, hardware and software operated laboratories, among others. As the Hungarian Investment Promotion Agency reports, the facility opens up the opportunity for a staff of 120 people in the long […]

In week 43, the SARS-CoV-2 concentration in wastewater is still clearly increasing, but at a slower rate than in recent weeks, the National Center for Public Health reports. An upward trend was observed in samples from Békéscsaba, Debrecen, Eger, Miskolc, Szekszárd and Szombathely. Only Nyíregyháza, in the northeast of the country, showed a decrease in […]

The protected geographical indication ‘Fertőd vidéki sárgarépa’ is a carrot produced by growing the species Daucus carota L. The varieties used are Fertődi vörös, as well as the Nantes-type Napa and Napoli carrot, the European Commission has announced. The European Commission describes the vegetable as follows: When placed on the market, ‘Fertőd vidéki sárgarépa’ is cylindrical/conical in […]

According to data by the National Bank of Hungary (MNB), the number and value of mobile payment transactions more than doubled between the second quarter of 2020 and the second quarter of 2021. The growing popularity of smartwatch payments could further boost the uptake of innovative solutions in Hungary. "We are always very happy to […]

The President of the Republic of Korea, Moon Jae-in, who arrived in Hungary on Tuesday for an official visit, paid a tribute to the victims of the Hableány (Mermaid) cruise ship disaster at the Budapest memorial of the 2019 tragedy. The South Korean head of state was received by Hungarian Finance Minister Mihály Varga at […]

Industrial producer prices were 14.0% higher on average in September 2021 than a year earlier. The rate of increase of prices was influenced principally by the price rise of raw and base materials as well as motor fuels, the Central Statistical Office reports. Domestic output prices rose by 20.1% and non-domestic output prices by 10.9%. Compared […]