Hungary’s DP Innovations Ltd. finished in second place at the leading health innovations competition in Central, Eastern and Southern Europe, the EIT Health, the organizer of the competition told the state news agency MTI. According to the press release, the Hungarian company won second place out of 100 startups in the EIT Health InnoStars Awards […]
A unit to assemble high-voltage batteries for the fully electric model generation NEUE KLASSE is added to BMW Group's plant in Debrecen of which construction was launched six months ago, the Hungarian Investment Promotion Agency reports. The total investment volume of the entire Debrecen project is thus set to exceed EUR 2 billion, and more […]
"Without EU funds, we cannot restore the country's balance of payments – free of debt – and to break inflation expectations, we need to remove the price caps as soon as possible," said, Deputy Governor of the National Bank of Hungary (MNB), Mihály Patai is quoted by the business news site napi.hu One of the […]
The new factory building of Chemark Plc., a pesticide manufacturer, was inaugurated this Friday in the Peremarton Industrial Park. About a quarter of the investment is paid for by Hungarian taxpayers through a government decision. The EUR 13 million development will increase production capacity by 10 million liters per year, bringing Chemark Plc. to 65-67 […]
90% of biodiversity loss is caused by the extraction and processing of natural resources. One million species are threatened with extinction by 2050. Over half the world’s total GDP is moderately or highly dependent on nature and its services. The circular economy and biodiversity are closely interrelated. This key message was the focus of the […]
The EU Commission will propose holding back some of the EU funds earmarked for Hungary citing the Hungarian government failure to implement rule of law and anti-corruption measures. At stake are more than EUR 7 billion, cash that Hungary badly needs at a time when inflation is above 20% and the economy is forecast to […]
Semmelweis University (SE) and Moholy-Nagy University of Arts and Sciences (MOME), both of the Hungarian capital, have signed a cooperation agreement on the launch of joint research and development projects, the medical higher education institution announced on Friday. The statement quoted SE rector Béla Merkely as saying that thanks to the translational approach of the […]
On the occasion of the 220th anniversary of the founding of the National Széchényi Library (OSZK), a new permanent exhibition (in English and Hungarian), entitled Essence, has been opened. At the opening ceremony on Thursday a message by the President of the Republic, Katalin Novák, was read according to which the birth of OSZK has […]
Biolab Diagnostic Laboratory Plc. was awarded HUF 502.48 million in EU grant in October under the Széchenyi Plan Plus program, which will help it move towards robot-driven manufacturing, the company told the state news agency MTI. The whole investment that will cost more than HUF one billion will see the construction of a production hall, […]
The University of Szeged (SZTE) is the only Central and Eastern European institution to participate in an international research project on responses to climate change and the energy crisis, the Public Relations Directorate of the higher education institution informed the state news agency MTI. According to the press release, the European Union's Phoenix project is […]
Last year, 5,611 tons of garlic were harvested from 829 hectares in Hungary, 8% more than the previous year, according to a summary by the Hungarian Agricultural Economics Institute (AKI). This year, the head size of garlic has become smaller due to drought, but the quality of the harvest is good. According to Central Statistical […]
The toy market is less affected by the new coronavirus epidemic, the energy or economic crisis, the annual turnover of toys was HUF 70-80 billion last year, and this year it could reach HUF 90-100 billion, Dávid Gyaraki, marketing manager of Regio Játékkereskedelmi Kft. [Toy Sales Ltd.] said at an online press conference on Wednesday. […]
Magyar Telekom Group is the first company in Hungary's corporate sector to announce that it is launching a pilot program to test the four-day working week. In a pilot scheme, four teams worked four days a week for four months at an unchanged basic salary. The project proved to be effective, and the company will […]
In the previous week, 4,098 cases of coronavirus were confirmed in Hungary, while the number of active infected has decreased by 2,925 to 15,608, according to the related government website koronavirus.gov.hu. Thus, the total number of identified infections has been 2,162,093 since the beginning of the outbreak. 61 patients have died over the past week, […]
Tesco Hungary has published its second Diversity Report, which highlights the activities and areas for improvement related to the supermarket chain's inclusive culture. The results show that Tesco has made progress in increasing career opportunities for people with disabilities and women, as well as providing a range of ways to help young people who want […]
