Scope Ratings GmbH has confirmed the BB+/Stable issuer credit rating on the the Hungarian energy services provider company ALTEO Plc. along with its BBB- long-term senior unsecured debt rating and S-3 short-term debt rating which is four grade higher than the minimum level expected by the National Bank of Hungary (MNB). As it has been […]
In June 2021, the average monthly number of employed persons aged 15–74 in Hungary was 4,692,000, 98,000 more than in the same period of the previous year and 85,000 more than in the previous month. According to data published by the Central Statistical Office, in April–June 2021, the average number of employed persons was 4, […]
World champion and world record holder Kristóf Milák won the gold medal in the 200m butterfly with an Olympic record on Wednesday at the Tokyo Games. The other Hungarian competitor in the event, Tamás Kenderesi, finished fourth. The 21-year-old world-class swimmer was already in the lead in the first 50 meters, despite the usual strong […]
Astra Film Studios near Budapest is expanding its facility with several studios to serve large-scale international productions with cutting-edge technology in Hungary, the company said on Tuesday. Astra Filmland at Mogyoród, east of the Hungarian capital, will offer several stages and large spaces suitable for a variety of productions with support services including set design […]
According to a government decree published in the official Hungarian Gazette Monday night, "there is no room for a strike (…) at the organization responsible for air traffic control services", and the decree will remain in force until the end of the emergency. Signed by Prime Minister Viktor Orbán, the decree came out after a […]
The real estate property development firm Colliers has sold a 30,000 sq m industrial complex as part of a nine-hectare site in Nemesvámos, near Veszprém, W Hungary to the Austrian automation company Knapp. The seller MTD Hungary, a lawnmower producer, closed the factory in 2020 as they decided to centralize the production somewhere else and […]
Five modules of SAP SuccessFactors, a cloud-based system developed specifically for labor management, were implemented in 2019 by the Hungarian state gambling services provider Szerencsejáték Plc. The new HR system will be updated in 2021 to reflect the new HR system of the National Lottery. Szerencsejáték Plc. started 30 years ago with just a few […]
There have been reports that production at the Mercedes factory in Kecskemét will be halted for several weeks. The local news site hirös.hu contacted the company last week, and today, Mercedes-Benz Manufacturing Hungary Ltd. replied to the enquiry. As they write, “we are currently experiencing supplier difficulties in the supply of certain semiconductor components worldwide, […]
A press statement by the aitlines says it has also clinched the Best Middle East Airline, Best Catering, and the Best Business Class awards. This marks the third year in a row Qatar Airways has achieved the Best Business Class accolade, recognising its patented Qsuite product. The AirlineRatings ‘Airline of the Year’ award acknowledges the […]
Gergely Siklósi, competing in the first Olympics of his career, won the silver medal in the men's individual epée event at the Tokyo Games on Sunday. The 23-year-old world number one and defending world champion lost 15-10 to France's Romain Cannone in the final. Siklósi fought with freat spirit all day long in Hall B […]
Delivering goods all over the continent is a constantly growing business that needs to be well organized to put less burden on the environment and make the process easier, more economical, and more visible for shippers and clients alike. That is where Chain Cargo comes into the picture. As Giovanni Gubbels, Head of Business & […]
Unlike that of 14 other countries, Hungary's government failed to agree with the donor countries of the EEA and Norway Grants scheme and Hungary on how the funding for civil society was to be administered. Thus, these donor countries (Norway, Iceland and Liechtenstein) look for alternative ways to help Hungarian civil society. "The donor countries […]
Just like in London in 2012 and Rio de Janeiro five years ago, Áron Szilágyi won the men's individual event at the Tokyo Olympics, and with his triple victory he made sporting history. Szilágyi put up a stunning performance all day, and in the evening local time final he produced a superb fencing display to […]
As an environmentally conscious citizen, active transportation is very important to me. It is a way to reduce our impact on the environment while maintaining an active lifestyle that integrates physical exercise in our daily activity. These modes of transportation also bring important economic and social benefits, from infrastructure investment to sustainable urban planning, to […]
WHC Group, one of the leading temporary placement and recruitment companies of the country, expands its activities in Debrecen, Eastern Hungary. Due to the dynamic economic growth, 20,000 new jobs are expected to be created by 2030 in the city. A statement by the company says the economic activity of Debrecen and its region is […]
