As part of the continuation of a series of large-scale developments since 2019, leading pharmaceutical giant Egis Gyógyszergyár Plc. now invests EUR 21.1 million in Körmend, W Hungary to install new technology, increase capacity and enhance efficiency. The investment is set to help the company not only produce more but also adapt to rapidly changing […]
Magyar Telekom, the leading Hungarian telecommunications service provider, has announced on the website of the Budapest Stock Exchange that it has exercised its call option on the business quota of Cecoin Ltd. allowing it to acquire a fiber network covering 110,000 access points in Hungary for a purchase price of HUF 6.95 billion. In 2014, […]
The Hungarian capital's Ferenc Liszt International Airport has once again been named the "best airport in Eastern Europe" at the 2022 World Airport Awards for the ninth consecutive year. The award was presented during a ceremony at the Passenger Terminal EXPO in Paris. A press release by the airport menegment company Budapest Airport says the […]
Katalin Karikó, an alumnus and research professor at the University of Szeged (SZTE), was elected a member of the French Academy of Sciences (Académie des Sciences), SZTE informed the Hungarian state news agency MTI on Friday. According to the press release, the inauguration ceremony, at which the biochemist and fifteen other researchers became members of […]
W-Scope Corporation sets up its first European plant in Nyíregyháza where separator film used for lithium-ion batteries will be manufactured. The EUR 720 million project that creates 1,200 jobs qualifies as the largest investment so far announced this year. W-Scope Corporation is listed on the Tokyo Stock Exchange that deals with development, manufacturing and sale […]
Hundreds of aquatic athletes from Afghanistan to Zimbabwe have arrived in the Hungarian capital to vie for a piece of the USD 5.72 million prize money awarded over the next 17 days at the 19th FINA World Aquatics Championships. Competitions began with artistic swimming’s preliminary rounds on Friday. The original 19th FINA World Championships were […]
The National Bank of Hungary surprised markets when it unexpectedly raised the key interest rate as monetary policy setters seek to put a floor under the sliding forint. In the face of double-digit inflation and massive wage increases, the central bank has to keep raising borrowing costs to keep Hungarian financial assets competitive. The National […]
Members of the diplomatic community in Budapest, those of the Estonian community in Hungary and others were welcomed at the event by the Estonian Ambassador Kristi Karelsohn for whom it was also the occasion to say farewell since her tenure in the Hungarian capital expires this summer. Victory Day ('Võidupüha') is an Estonian public holiday, […]
The renewal of the electricity network is continuing in the framework of the Danube InGrid project, a Hungarian-Slovak cooperation, with priority developments in Budapest and Pest County, as well as in the North-Eastern Hungary region, in the second phase of the program, which is now starting. Speaking at Thursday's public online consultation on the program, […]
Agricultural machinery manufacturer Optigép Ltd., based in Békés, SE Hungary, is implementing a development project worth HUF 500 million, the company's managing director, János Patkás told the state news agency MTI on Thursday. He said that HUF 261 million were won in an EU tender, and the project will be financed with almost the same […]
Over a year ago, in the heat of the COVID-19 pandemic, I was designated as the next Bulgarian Ambassador to Hungary. At the time, there were not too many options to travel by air, so I decided to reach Budapest by car and this gave me the freedom to pick the date of my entry. […]
The energy crisis strengthens the need for security of supply, and pursuing decarbonization targets is a good way to increase energy independence. That is according to János Péter Horvát, the President of the Hungarian Energy and Public Utility Regulatory Authority (HEA). In a presentation at a joint online conference of the Hungarian Economic Society and […]
After two years of forced hiatus due to the pandemic, the CIB Italia Soccer Camp will resume in Budapest, between June 20-24 thanks to the support of Generali Foundation for Safety. This year, pupils from schools in socially less advantaged municipalities will take part in the training sessions of Italian coaches, who are coming to […]
Construction output volume in Hungary increased by 3.2% in one year and was down by 5.9% compared to the previous month, according to data published this Wednesdy by the country's Central Statistical Office. The volume of construction output in April 2022 surpassed the previous year’s level by 3.2%, according to raw data. Out of the […]
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, roughly the same as in the previous week, bringing the total number of identified infections since the start of the outbreak in Hungary to 1,923,122. 23 deaths, mostly of elderly chronic […]
