The Czech company Nymwag is building Europe's most modern rail vehicle manufacturing plant in Nagykanizsa, SW Hungary, providing jobs for nearly 1,500 people. With an investment of nearly HUF 60 billion, the rail vehicle manufacturer is setting up the group's most modern factory and research and development base, where 1,800 freight wagons and 4,800 railway […]
The exhibition hall Műcsarnok (‘Art Hall’) welcomes visitors with a special premiere – Life’s a Beach – at the opening exhibition of the 6th edition of the Budapest Photo Festival. Martin Parr, British photographer and the star of MAGNUM PHOTOS, is one of the best-known representatives of European contemporary color photography, whose work is on […]
The Kravtex-Kühne Group's new 4,000-square-meter production hall was inaugurated in Mosonmagyaróvár, NW Hungary on Friday, expanding the bus factory's floor space to more than 20,000 square meters. István Krankovics, chairman of the group's board of directors, said that the Credobus plant, part of the Kravtex-Kühne group, has been expanding continuously since 2008, and this is […]
A joint research and development project for the construction and testing of natural gas transport system elements capable of transporting natural gas with a hydrogen content of up to 10% will be launched in cooperation between the University of Miskolc and FGSZ Földgázszállító (‘Natural Gas Transporter’) Plc., the university told the state news agency MTI […]
The National Bank of Hungary raised massively the EU’s highest key interest rate as it seeks to tamper runaway inflation and bolster the forint. Analysts expect policy makers to continue raising borrowing costs as the war in Ukraine continues to rattle markets. The Monetary Council of the Hungarian National Bank (NBH) raised the central bank […]
The victory of Denmark, represented by Brian Mark Hansen and his Elisabeth Madsen commis at the Bocuse d'Or Europe 2022, the European selecting event of the famous gastronomy competition, closed two days of high-level competition in Hungarian capital. Ten European teams have now qualified for the grand Finale of the Bocuse d'Or which will be […]
The Hungarian oil and gas company MOL has signed an agreement with Waldorf Production Limited (“Waldorf”) covering the sale of its entire Upstream portfolio in the United Kingdom. The divested offshore assets include MOL’s 20% stake in the Catcher field, a 50% stake in Scolty & Crathes and a 21.8% stake in Scott as well […]
2,651 new infections have been confirmed in the past 24 hours – 251 less than a day before –, bringing the total official number of identified infections to 1,836,919 since the start of the outbreak, koronavirus.gov.hu said on Thursday. Thirty-five mostly elderly, chronic patients died – seven fewer than a day before –, bringing the […]
Twenty-four artists from the Danube countries, including three Hungarians, are showcased at Kunst am Strom (‘Art by the Stream’), a major international exhibition opening in Hungary at the Pécs Gallery after Germany, Austria and Slovakia, the organizers told the state news agency MTI. The exhibition, open until April 10 in Pécs, S Hungary, will give […]
Budapest Mayor Gergely Karácsony and Rafal Trzaskowski, the Mayor of Warsaw, commemorated the Day of Polish-Hungarian Friendship with a joint video this Wednesday. In the video, Gergely Karácsony said that Polish and Hungarian patriots helped each other fight for civil transformation in 1848, for the overthrow of communist dictatorships in 1956 and in the 1980s, […]
By investing EUR 180 million, MOL Petrolkémia builds a new plant in Tiszaújváros where its foundation stone laying ceremony took place this Wednesday. 7-8% of the investment costs are covered by Hungarian taxpayers through a government decision. The production unit, which has an annual manufacturing capacity of 100,000 tons of propylene per year, covers a […]
Although he refused to do so last year, Viktor Orbán has now sent a letter to European Commission President Ursula von der Leyen asking for more money for Hungary from the EU's EU's Recovery and Resilience Facility (RRF). In addition to the non-repayable aid, the government would also draw on the loan facility - the […]
The Merzse marsh, the only wetland habitat in Budapest, located in Rákosmente, in the southeast of of the Hungarian capital, has been threatened by a shortage of water for years, in spite of rehabilitation efforts by the Municipality of Rákosmente. Budapest Airport, the operator of Ferenc Liszt International Airport, says it has joined the leadership […]
The Monetary Council of the National Bank of Hungary (MNB) raised the base rate by 100 basis points to 4.4% this Tuesday, and pushed up the interest rate corridor by a similar amount. MNB says in a statement that its primary objective is to achieve and maintain price stability. Without prejudice to its primary objective, […]
52% Hungarians believe policies to tackle climate change will remove more jobs than they create; 52% think climate policies will worsen their quality of life and 51% of them believe climate policies will slow down economic growth. These are some of the results from the latest release of the 2021-2022 Climate Survey conducted in September […]
