The German SCHOTT Group adds manufacturing of prefillable glass syringes (PFS) in Lukácsháza to its Hungary portfolio. The EUR 76 million investment to be completed by 2024 will create 120 new jobs and is bound to address global demand for the product concerned. 12% of the costs are borne by Hungarian taxpayers through a government […]
Petrol stations across the country experienced fuel shortages this week in the face of record demand. The government-imposed price cap on motor fuel is forcing an increasing number of gas stations to close down. Long queues were forming at gas stations across the country this week and there is a growing number of petrol stations […]
Katalin Novák was elected as president of the republic by Hungarian Parliament mainly with the votes of the the two-thirds majority of the governing parties. Out of 188 valid votes, the former minister without portfolio received 137 votes and economist Péter Róna, the opposition candidate, 51. Nominated by the ruling party Fidesz and its small […]
Magyar Suzuki has announced that it stopped exporting cars to Russia and Ukraine from March because of the war, the company said in response to questions from Reuters news agency, the financial news site portfolio.hu reports. The company used to sell around 10,000 new cars a year in the two countries and now wants to […]
Over the years, Lexus has enjoyed tremendous success globally, in Europe and in Hungary, thanks to the success of its eco-friendly model portfolio. Today, Lexus, which sells 99% self-charging hybrid electric vehicles (HEVs) in Europe, and has sold more than two million partially or fully electrified cars worldwide, is going even further in greening the […]
Only upwards! - The program of Rising Hungary. This is the title of the election program presented this Wednesday evening by the opposition coalition 'United for Hungary'. On April 3, there is a chance for Hungary to find its way back to civilization and Europe, and it is in the country's interest to have peace, […]
Greenpeace Hungary held a peace demonstration with the participation of thousands of people on Heroes' Square in Budapest on Wednesday evening. The crowd formed a huge luminous peace sign with torches in hand. The participants of the event protested against the invasion of Ukraine and expressed their sympathy for the innocent people suffering because of […]
The new buildings have been erected and the production of the new manufacturing equipment is also on schedule at the site of the French SUEZ Group in Oroszlány where the progress of its investment of some EUR 30 million was celebrated in a ceremony this . By expanding its ultrafiltration membrane manufacturing capacity and building […]
Consumer prices were 8.3% higher on average in Hungary in February 2022 than a year earlier, the country's Central Statistical Office reports. The last time inflation was as high in Hungary was in August 2007. The highest price rises over the last 12 months were measured for motor fuels as well as food. In one month, consumer prices […]
Although the Suzuki Vitara has been the market leader among new cars in Hungary since its launch in 2015, the Opel Astra, another model with Hungarian roots, is the favorite in the used car market. Not only did it top the list of domestic changes of ownership and second-hand imports in 2021, it also registered […]
A large number of Japan’s most prominent landmarks and an impressive number of high-rise buildings both in Japan and around the world have been created by Takenaka Corporation. It is the biggest Design & Build general construction company in Japan providing services in architecture, engineering, and construction. Takenaka has a long and storied history that […]
Colliers stands with the people of Ukraine, an independent country, and strongly condemns the invasion by the Russian military. These actions are indefensible and in complete contrast to the principles of democracy and freedom, according to a press statement by the professional services and investment management company that is active in Hungary as well. The statement […]
The Hungarian currency, the forint (HUF) weakened steadily on Monday, with the euro at HUF 388.19 at dawn and crossing HUF 390 by the morning. The weakening did not stop thereafter, with negative records being broken one after the other, reaching the HUF 399 mark a few minutes before 10 am. This is how the […]
The foundation stone of leading powertrain system developer AVL Hungary’s new vehicle test hall was laid in Érd, just SE of Budapest, where the company is building out its new center and automotive test base. The current phase of the investment announced back in 2018 is completed for EUR 20.1 million, and it creates 250 […]
150 patients have died in the past three days, bringing the official number of deaths linked to the new coronavirus infection to 44,436, according to the government's related website. As of Sunday, 5,852 new cases of coronavirus infection had been confirmed in Hungary, bringing the total number of identified infected people to 1,805,898 since the […]
