Civita Group Plc. is planning a public share issue in November. As a processor of raw materials and ingredients, it will be the only food company listed on the Budapest Stock Exchange, the company said. A large-scale investment program is planned with the raised capital, as well as state support and bank loans. Civita Group […]
“Cashiers and stockers complain a lot that customers are nervous, that prices are falling because of them," the top manager at Spar Hungary, Gabriella Heiszler, said in an interview with the Hungarian Forbes magazine. In fact, after a purchase, all she could say when seeing the bill is "oh my goodness," she is quoted by […]
Promatech Célgépgyártó [‘Target Machine Production’] Ltd. is building a 3,800 square-meter hall at its Nagytarcsa site, just east of Budapest, with a greenfield investment of HUF 1.952 billion, the company told the state news agency MTI. As part of the investment, financed half and half by the company's own and EU funds, new automated metalworking […]
With the support of the Széchenyi Plan Plus program, Prímaenergia Plc. is implementing an energy project worth nearly HUF 5 billion. Prímaenergia Plc. is developing a complex, grid-independent energy supply system, and the company has won HUF 236.7 million in EU funding for the almost HUF 4.9 billion investment, the bottled gas and automotive gas […]
6,760 people entered Hungary on the Ukrainian-Hungarian border on Saturday, while 4,184 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 […]
The Budapest Stock Exchange (BSE) share index rose in falling turnover this week, closing at 41,053.71 points on Friday, 621.74 points, 1.54% higher than a week ago. The weekly turnover of the stock market was HUF 26.33 billion, compared to HUF 41.94 billion the previous week, with leading shares gaining. In a summary sent to […]
A fun and entertaining charity event, which also provided a magical spectacle, took place in Budapest's Heroes' Square on Saturday evening in the spirit of Halloween. It was for the first time in 2009, Halloween jack-o'-lanterns populated the Hungarian capital’s Heroes' Square, where anyone could drop off their home-made jack-o'-lanterns to decorate the square for […]
AMCO Packaging Technology and Consultation Ltd., a Hungarian manufacturer of GreenFill biodegradable space-filling foam for use in boxes, will double its capacity to 100,000 liters in November, the company told the state news agency MTI. The statement drew attention to the serious environmental impact of petroleum-derived polystyrene foam fillers, noting that demand for environmentally friendly […]
Industrial producer prices rose by 42.7% on average in September 2022 in Hungary, compared to one year earlier. Domestic output prices were 66.2% and non-domestic output prices 30.7% higher, the Central Statistical Office reports. The higher rate of increase in domestic output prices was owing to the larger proportion of the energy industry there, where […]
Shell Hungary Plc. will restructure the operation of another 17 petrol stations: from November 2, these will be available only to its contracted corporate partners with euroShell fuel cards, the company said on its website on Friday. According to the statement, Shell is converting in this process five of its 193 service stations in Budapest […]
The National Musculoskeletal Institute/National Institute of Rheumatology and Physiotherapy (ORFI) will implement 1.3 billion HUF worth of laboratory, imaging and functional movement analysis diagnostics with the support of the European Union in the framework of the Operational Program for the Development of Human Resources (EFOP), the head of the institution, Gyula Poór announced in Budapest […]
The Hungarian postal service company Magyar Posta is temporarily suspending the operation of 366 post offices in 210 municipalities to reduce energy consumption. At the same time, the company announced on Friday a collective redundancy plan affecting 300 employees in management and service areas, the state news agency MTI reports. Magyar Posta said that in […]
In September 2022, 7,673 children were born and 10,016 people died according to preliminary data. Thus, the natural decrease was almost 40% higher than a year before. In the last twelve months, i.e. between October 2021 and September 2022, the number of births diminished by 2.6%, that of deaths by 8.1% and the number of […]
Energy procurement and security is yet another matter where the Hungarian government and Brussels are taking diverging paths. Budapest has firmly rejected proposals for a mandatory joint EU gas procurement and a solidarity mechanism at the Energy Council in Luxembourg this week and the Cabinet of Prime Minister Viktor Orbán is dead set against a […]
A lion figure made of hundreds of thousands of Lego blocks were placed on Clark Ádám Square on Thursday morning, Budapest Transport Center (BKK) told the state news agency MTI. They wrote that the lion is an important symbol for the people of Budapest, and the stone lions on the bridgehead of the Chain Bridge […]
