The venture capital and private equity market in Hungary closed the second quarter with an increase in both the amount and the number of investments compared to the same period of previous years, the Hungarian Private Equity and Venture Capital Association (HVCA) told the state news agency MTI on Tuesday. The members of the association […]
The majority of Hungarians admit to consciously buying food, paying attention to the expiry date of food, yet they produce 65 kilograms of food waste annually, resulting in an annual loss of HUF 45,000, the Hungarian Food Bank Association told the state news agency MTI on Monday. According to the statement, the association, the National […]
The Continental Group opened an Application Development Center in Budapest on Monday with Hungarian state support to develop cutting-edge software solutions for traffic accident prevention. The director of the Continental Group in Hungary, Róbert Keszte says that the acceptance of self-driving technologies in Europe is not yet widespread, and that this must change. Róbert Keszte […]
Business and consumer expectations in Hungary deteriorated for the fourth month in a row in August. In the case of consumer expectations, this continued in September, whereas the business confidence index slightly increased, although it was noticeably below its July level. According to the empirical survey conducted by GKI Economic Research Co. with the support […]
A solemn bell-ringing ceremony marked the start of trading at the Budapest Stock Exchange (BSE) this Monday – the occasion was the public listing of Naturland Holding. The event was attended by Richárd Végh, CEO of the Budapest Stock Exchange, and Tibor Ásványi, founder of Naturland, among others. With this issue, the company has listed […]
Organized as part of the Budapest Running Festival, the 17th NATO Run in Budapest took place this Saturday. This time, the 10-kilometer route was exclusively on the Buda side, along the embankment of the River Danube, with the start and finish at the Vérmező park in the Hungarian capital's District I. The running race was […]
The European Commission has published the 2022 edition of the European Innovation Scoreboard. According to the document, Hungary continues to be in the lowest, 'Emerging Innovators' category along with Bulgaria, Croatia, Latvia, Poland, Romania and Slovakia. The document says that compared to 2021, innovation performance in 2022 has improved for 19 Member States, and declined […]
The Budapest Stock Exchange (BSE) share index fell on a downward trend this week, with the BUX index closing at 38,657.41 points on Friday, down 3.49% on the previous week, or 1,399.77 points, the state news agency MTI reported on Sunday morning along with a brief analysis. The weekly turnover on the stock market was […]
A gastronomic presentation by ethnic minorities living in Hungary was held in the Csaba Garden in Piliscsaba on Saturday. Visitors could taste the specialties of 13 nationalities. The aim of the festival is to give all 13 ethnic minorities of Hungary the opportunity to showcase their talents in food, dance and music. The mayor of […]
Germany's Tamara Korpatsch won the singles at the Budapest Ladies Open USD 115,000 WTA women's clay court challenger tournament at the Római Tennis Academy in the Hungarian capital this Saturday. Korpatsch, who started the tournament in the qualification stage, beat Bulgaria's Viktoriya Tomova in three sets in the final to win her first WTA title. […]
7,276 people entered Hungary on Friday, at the Ukrainian-Hungarian border, while 4,989 of those entering at the Romanian-Hungarian border the same day said they had come from Ukraine, the National Police Headquarters (ORFK) said. Of those who entered, police issued 254 people with temporary residence permits valid for 30 days. They will have to go […]
Qatar Airways, which celebrates its 25th anniversary in 2022, has been named ‘Airline of the Year’ by the international air transport rating organization, Skytrax, for an unprecedented seventh time (in 2011, 2012, 2015, 2017, 2019, 2021 and 2022). Qatar Airways also took home three additional awards including World’s Best Business Class, World’s Best Business Class […]
The real estate market has also started to reorganize in the premium segment: while the share of foreign investors has decreased in the capital and the agglomeration, luxury properties on Lake Balaton are still attractive to buyers from abroad, according to an analysis by the real estate agency Duna House. According to the company, demand […]
It was 150 years ago, on September 23, 1872 that a well-known pioneer of the Hungarian pharmaceutical industry, Gedeon Richter was born. Today, the Budapest-based company bearing his name is present in 50 countries of the world. In 1901, Gedeon Richter bought the Sas Pharmaceutical Factory in Budapest, where he set up a laboratory for […]
The Minister for Economic Development, Márton Nagy, outlined targeted steps to support the corporate sector threatened by the energy crisis and rising prices at AmCham Hungary's Business Forum in the Gundel restaurant in Budapest this Thursday. The manufacturing sector in Hungary, especially SMEs, are highly exposed to rising energy prices, and the energy intensity could […]
