Neutrik Group, a world leader in the development, manufacturing, and distribution of electric, fiber optic and electronic connectivity solutions for the entertainment and live events industries, invests nearly EUR 10 million to set up a new assembly plant in Ózd, NE Hungary. Close to 40% of the investment costs are borne by Hungarian taxpayers as […]
Sustainability is becoming an increasingly important part of our lives, but few people are familiar with the concept of ESG, which measures corporate efforts to achieve this, according to research conducted jointly by UniCredit Bank and SteiGen. The survey showed that Hungarians still associate sustainability mostly with environmental protection and are less familiar with its […]
Lidl Hungary and the Hungarian Export Promotion Agency (HEPA) have signed a cooperation agreement to boost the export of domestic agricultural and food products on the EU single market and in foreign trade with third countries, the parties told the state news agency MTI on Wednesday. According to the statement, Lidl's aim is to ensure […]
In the current inflationary environment, 80% of Hungarians indicated that they are spending less to protect their current financial situation, with consumers cutting back on purchases of food and hygiene products in particular, the CEO of Magyar Cetelem Bank said at a press conference in Budapest on Wednesday, presenting the results of a survey conducted […]
The National Center for Public Health has released aggregated data for the past week. They show that 1,636 new infections were confirmed last week, about 20% more than in the previous week, bringing the total number of identified infections since the start of the outbreak in Hungary to 1,923,122. 32 deaths, nine more than in […]
WABERER’S INTERNATIONAL has announced on the website of the Budapest Stock Exchange that its Board of Directors of the Company has approved the signing of a sale and purchase agreement by WSZL Automotív Ltd. (member of Waberer's Group) with Sidbury Property Ltd. for the purchase of a 135,000 square meter plot of land in the […]
According to the Statistical Office of the European Union (Eurostat), Hungary is the second poorest country in the European Union. Hungarian household consumption is only 70% of the EU average – same as in Slovakia. Only Bulgaria is worse off. Eurostat notes that actual individual consumption (AIC) is a measure of material welfare of households. […]
Bock Winery Ltd., based in Villány, S Hungary, has implemented developments worth more than HUF 1.5 billion in order to bring premium quality wines, grape juice and cold-dried fruit products to the market, the company informed the state news agency MTI on Tuesday. The statement said that a 3,700-square-metre raw material processing plant was built […]
The opening ceremony of ExxonMobil Üzletsegítő Központ Magyarország Kft.’s new office this Tuesday marked the perfect occasion for the company to announce an ambitious training program worth EUR 600,000 that will help staff gear up their digital skills, the Hungarian Investment Promotion Agency (HIPA) reports. Up to 200 jobs will be created as part of […]
Audi Hungaria has announced the launch of yet another electric set of engines. The next-gen engines to be made on future production lines worth EUR 300 million will be built in economy cars of the group to meet heavy market demand. The new project, where about 7% of the costs are to be borne by […]
In 2021, the digital transformation of the financial sector gained new momentum both at international and domestic level. That is according to the National Bank of Hungary (MNB) in its FinTech and Digitalisation Report on the global and Hungarian FinTech ecosystem and the digital maturity of the domestic banking and insurance sector published for the […]
The exhibition – Nicolás Muller: The Committed Gaze – sheds light on the work of Nicolás Muller (Born Miklós Müller, Orosháza, Hungary, 1913 – died in Andrín, Spain, 2000). He spent most of his life in Spain and who was one of the leading figures of Hungarian socio-documentary photography and at the same time, he […]
After two years of hiatus due to the pandemic, the village of Szőreg, located near the city of Szeged in SE Hungary, is again hosting a rose festival at the end of this week: guests are welcome to the village, which is decorated with hundreds of thousands of flowers. As András Avramov, the organizer and […]
According to police data, 14,162 people arrived in Hungary from Ukraine on Saturday, the National Police Headquarters (ORFK) informed the state news agency MTI on Sunday. At the Ukrainian-Hungarian border, 7,134 people entered the country, while 7,028 of those entering the Romanian-Hungarian border said they had come from Ukraine, the statement said. Of those who […]
BUX, the stock index of the Budapest Stock Exchange (BSE) rose on rising turnover this week, closing at 39,299.75 points on Friday, up 0.90 on the previous week's close of 349.08 points, the state news agency MTI reported this Sunday morning. Turnover rose from HUF 40.28 billion the previous week to HUF 67.01 billion, with […]
