Two years into the COVID-19 pandemic, more than 510 million confirmed cases and more than 6.25 million deaths have been reported around the world. As nations continue to battle the pandemic, Taiwan’s achievements have been widely recognized. As of May 10, 2022, about 390,000 confirmed cases and 931 deaths had been reported in Taiwan, which […]
Otthon Centrum's (OC) net sales amounted to HUF 6.2 billion in 2021, compared to HUF 4.4 billion a year earlier, the real estate brokerage firm said on the Budapest Stock Exchange's website on Tuesday. Last year, the group achieved a record in both real estate network turnover and loan intermediation, the report said. The company's […]
Continest Technologies Plc. has received a total of HUF 2.4 billion in capital from three domestic venture capital fund managers to support its growth plans. The Székesfehérvár Municipal Fund and Hiventures, a member of the MFB Group, each made a HUF 1-1 billion capital injection to become minority shareholders in the company, which develops and […]
The real estate investment company S IMMO Hungary, which manages the City Center office building that houses its headquarters in Budapest, has decided to renovate the lobby of the building. The highlighting elements of the decoration will be the Finta pencil drawings made during the design of the building. Work is expected to be completed […]
Women's leadership and the physical and mental presence of the glass ceiling in business and diplomacy. That was the topic of panel discussions by successful business leaders and diplomats at the residence of the Dutch ambassador in Budapest this Monday afternoon. Through personal stories and experiences, the panelists reflected on the theme and shared their […]
Kende Gastro Plc. has unveiled Hungary's first automated container store using artificial intelligence; the company is the exclusive European distributor of the technology and plans to expand to neighboring countries, Gábor Kende, founder and CFO of the company, told the state news agency MTI. The automated stores do not require staff, including cashiers, and use […]
Viktor Orbán was elected head of government for the fifth time after 1998, 2010, 2014 and 2018. The President of the ruling Fidesz party, who has held the post of prime minister without interruption since 2010, was elected with the 133 votes of his party with 27 MPs voting against him and the rest of […]
Following the foundation stone-laying of Chervon Auto’s first plant outside China last October, the company is already expanding its production base in Hungary. In the second phase of the investment, they will establish new capacities in value of EUR 49.2 million in Miskolc to manufacture metal castings for electric vehicles which should entail the creation […]
A memorial plaque has been unveiled to 19th century Hungarian poet János Arany in the Welsh town of Montgomery, immortalized in the poet's famous ballad ‘The Bards of Wales’. The plaque, which pays tribute to János Arany and his poem in Hungarian, English and Welsh, was unveiled by Ferenc Kumin, Hungary's ambassador to the United […]
The Budapest Stock Exchange's (BSE) share index, the BUX, closed at 41,255.70 points on Friday, down 2.03% on the previous week at 852.93 points, the state news agency MTI reported this Sunday morning. Turnover rose from HUF 64.233 billion the previous week to HUF 70.881 billion, with only OTP among the leading shares showing some […]
5,852 people entered Hungary on the Ukrainian-Hungarian border on Saturday, while 6,605 of those entering the country on the Romanian-Hungarian border said they had come from Ukraine, the National Police Headquarters (ORFK) told the state news agency MTI on Sunday. Of those who entered the country, police issued 353 people with temporary residence permits valid […]
Tradition has it that the MÁV (‘Hungarian Railways’) Symphony Orchestra opens the new season with a free OPEN DAY concert. The opening of the 2022/2023 season took place in the garden of the Hungarian National Museum in Budapest this Saturday. Under the baton of conductor Róbert Farkas, the orchestra treated its listeners to enjoyable and […]
The renovated Kálvin tér, Corvin-negyed and Semmelweis Klinikák stations on the central section of the M3 metro line in Budapest have been opened, which means from Saturday afternoon, underground trains run from Kálvin tér to the southern terminal Kőbánya-Kispest station. The renovation of metro line 3 spans local government cycles, it is beyond party politics, […]
In her inauguration address this Saturday, Hungary’s freshly appointed president, Katalin Novák, said that it is her responsibility to demonstrate what her homeland of Hungary and her compatriots, the Hungarian people, really mean to her, and what she stands for regarding the place of Hungarians in the world. President Novák said that “we are here […]
The technology sector remains the most popular investment destination in Hungary in 2021. Meanwhile, an increasing proportion of Hungarian companies are expanding abroad, according to a survey by the financial markets consultancy firm Ernst & Young (EY). In the past year, 132 deals worth a total of USD 4.64 billion were announced in Hungary. The […]
