Vodafone's subsidiary Vantage Towers Hungary Plc., in cooperation with Elektromotive Hungária Ltd., will install around 60 electric charging stations at 38 base stations nationwide in the first round in the next year, announced Gergő J. Budai, CEO of Vantage Towers, at a press conference in Etyek, SW of Budapest, on Friday, where the charger was […]
Budapest-based ANY Security Printing Company's turnover was HUF 11.6 billion in the first three months of the year, with HUF 3.8 billion coming from the export market, according to the company's Q1 2022 report. The turnover of ANY Security Printing Company is HUF 11.6 billion in the first quarter of 2022, which is20% higher than […]
Hungary is opposing the European Union’s proposal for a gradual ban on Russian oil imports, with Budapest claiming the plan would be equivalent to dropping an A-bomb on the country’s economy. Meanwhile, tensions are on the rise within the bloc as a handful of dissenting member states are holding up action on a new package […]
Gedeon Richter Plc. and Searchlight Pharma Inc. have announced that Searchlight has assumed all Canadian distribution and promotional activities for Evra®, a transdermal contraceptive patch. This transition, which covers regulatory, distribution and promotional responsibilities in Canada, stems from the acquisition of ex-US rights to the Evra brand by Richter from Janssen Pharmaceutica NV, a wholly-owned […]
The National Association of Television Program Executives (NATPE), the premiere global business association for content producers, distributors, streamers and buyers across all platforms has announced NATPE International’s return to an in-person event in the Hungarian capital this summer. This year, there will also be a Ukrainian Pavilion. The marketplace is expected to have around 300 […]
April was a record month for the Hungarian capital's Ferenc Liszt International Airport in the sense that it achieved the highest passenger numbers in the 25 months since the outbreak of the pandemic. In the fourth month of the year, a total of 997,454 passengers used the airport, bringing the annual number of passengers to […]
Hungary's largest telecommunication operator, Magyar Telekom maintained strong momentum across its business lines, as the Group revenue grew by 8.4% year-on-year in the first quarter of 2022, the company announced on the website of the Budapest Stock Exchange this Wednesday. According to the statement, the revenue growth is owed to continued expansion of the customer […]
According to the GKI Economic Research Institute, the population perceived a 22% rise in prices, compared to the official inflation figure of 9.5% in April, which is partly due to statistical reasons, but partly to the observation methodology, the research institute told the state news agency MTI. The researchers stressed that the perception of the […]
Climate change is now a matter of fact. Numerous pieces of data support the claim that human impact is having an unquestionable impact on this negative process. However, we have the tools, and we have the opportunity to reverse these effects – we just need to prepare for this serious fight. That is according to […]
The Hungarian real estate development company Graphisoft Park SE increased its profit in the first quarter with almost the same real estate portfolio, according to a statement published on the website of the Budapest Stock Exchange (BSE) on Tuesday. The company's earnings before interest, tax, depreciation and amortization (EBITDA) increased year-on-year from EUR 3.566 million […]
Sustainability is a key focus area for Budapest Airport, the operator of Budapest's Ferenc Liszt International Airport, and, within that, e-mobility is one of the six most important pillars. This is why the airport operator has been placing a strong emphasis for years on the development of an electric charging network, both inside and outside […]
On Tuesday morning, outgoing Head of State János Áder received the new President of the Republic at the entrance to the Sándor Palace, the state news agency MTI reports. János Áder and Katalin Novák entered the presidential residence Sándor Palace together, then went to the presidential office and stepped out onto the terrace of the […]
"This evening’s discussion with PM Viktor Orban was helpful to clarify issues related to sanctions and energy security," European Commission President Ursula von der Leyen said in a short Twitter post after arriving in Hungary on Monday evening to meet the Hungarian prime minister. "We made progress, but further work is needed. I will convene […]
According to Randstad's latest Workmonitor survey of 35,000 workers in 34 markets, the dynamics between workers and employers have changed and workers are becoming more aware — especially those under 35. One of the 34 markets surveyed is Hungary. Highlighting the Randstad Workmonitor 2022 H1 study, CEO and Chair of the Executive Board at Randstad […]
Hungarian-owned BioTech USA Ltd. establishes a new nutrition bar plant in Szada, east of Budapest, with a EUR 25.2 million investment. As a result of the project to be completed by late 2024, BioTech USA, a leading European food supplement producer plants to create 100 jobs. Nearly a quarter of the investment cost is covered […]
