Three new halls will be built and infrastructure improvements will be carried out in the industrial park in Szekszárd, south central Hungary, with the support of the HUF 2.8 billion Operational Program for Regional and Urban Development, the town’s municipality told MTI. The construction of the 2,423, 1,122 and 445 square-meter halls will start in […]
The Hungarian construction material production company's sales increased by 9% in Q3 compared to the base period – in economic recession fears environment – driven by strong sales performance related to insulation products. A statement published on the website of the Budapest Stock Echange highlights that the impact of increased inventory levels at higher prices […]
The Hungarian oild and gas company MOL has successfully closed the previously announced deal with Waldorf Production Limited (“Waldorf”) regarding the sale of its entire E&P portfolio in the United Kingdom. The company said in a statement that the divested offshore assets include MOL’s 20% stake in the Catcher field, a 50% stake in Scolty […]
The value of exports in EUR terms was 28% and that of imports 33% larger in September 2022 than in the same period of the previous year. The balance of the external trade in goods deteriorated by EUR 570 million. Compared to the previous month, the level of export in goods increased by 15% and […]
Owners of electric Opel vehicles will be able to buy not only vehicle chargers but will also receive access to sustainable energy solutions: thanks to the coordination of e-mobility-related services between the AutoWallis Group and ALTEO, owners of electric Opel vehicles will be offered a complex solution that ensures reliable and cheaper electric vehicle use. […]
Erste Bank's profit after tax for the first nine months of this year was 59.2% lower than last year at HUF 18.3 billion, while lending continued to grow, CEO Jelasity Radovan said at a press conference in Budapest on Wednesday. He added that the rise in costs and public charges, as well as accounting settlements […]
The general level of trust in the construction industry among contractors in Hungary has improved slightly, but is still at a medium level, the CEO of Mapei Ltd., Béla Markovich said, at an online press conference presenting the results of this year's Construction Industry Confidence Index survey on Wednesday. This year's Construction Industry Confidence Index […]
In honour of Imre Kertész, the National Bank of Hungary (MNB) is issuing a silver collector coin with a face value of 7,500 forints and its non-ferrous metal version of 2,000 forints on the writer’s birthday to mark the 20th anniversary of his receiving the Nobel Prize. Imre Kertész (1929 -2016), Hungarian writer and translator, […]
Consumer prices were 21.1% higher on average in October 2022 than a year earlier. The highest price rises were measured for electricity, gas and other fuels as well as food over the last twelve months. In one month, consumer prices increased by 2.0% on average, the Central Statistical Office reports. In 12 months, compared to […]
The Swiss Contribution Fund Framework Agreement for the second period, including national co-financing, has been signed with Hungary for the use of nearly HUF 40 billion in funding. The agreement, signed on Tuesday in Budapest, will enable the implementation of developments over the next ten years and will contribute to Hungary's economic growth, the catching-up […]
The real estate market in Hungary in 2022 presents a changing picture: after a strong first and a slightly softer second quarter, the segment closed its weakest quarter ever this year, thanks to a subdued first autumn month, according to the latest Duna House barometer published on the website of the Budapest Stock Exchange this […]
The international certification body Green Destinations has signed a cooperation agreement with Innotime Hungary Ltd., making international sustainable tourism certification available in Hungary. A statement by Innotime Hungary points out that from this fall, they are the Hungarian representation of the Green Destinations international organization, which brings together hundreds of destinations in more than sixty […]
The rental revenue for the first three quarters of 2022 reached EUR 11.59 million, and the pro forma net profit reached EUR 4.31 million, which is about 6% and 18% higher than the same period of the previous year respectively, according to the third quarter report published by the Budapest industrial park Graphisoft Park. The […]
Dozens of guests – diplomats and businesspeople – gathered at the 30-year-old Kempinski Hotel Corvinus Budapest on Monday evening for the latest 'The Club' event organized by Diplomacy&trade once again after a long hiatus due to the new coronavirus pandemic. On the 12th anniversary of the establishment of The Club, participants were greeted by Diplomacy&Trade […]
The Hungarian light bulbs and electronics manufacturer Tungsram's bankruptcy negotiations with creditors were unsuccessful, and the company will be liquidated, a Tungsram representative confirmed to the Hungarian news portal Mérce. Tamás Mehlhoffer, the company's PR and communications director, said that Eximbank, the largest creditor, did not accept Tungsram's debt settlement offer, "and their vote is […]
