Last year, domestic and foreign investors invested a total of EUR 225.3 million in venture and private capital in 241 transactions in companies based in Hungary, while the number of companies decreased by 0.4% compared to 2020, while the amount invested increased by 5%, resulting in a slight increase in the average investment amount, approaching […]
VPK Group looks back close to nine decades of history, providing the current management and staff with plenty of experience in this business. The company is present with production facilities all over Europe, offering economic and ecological packaging solutions to its customers. As Bart Dobbelaere, the Managing Director at VPK Packaging Salonta in Romania, also […]
The University of Szeged (SZTE) has concluded a cooperation agreement with thirty secondary schools to support talent management and further education, the public relations department of the higher education institution said. According to the press release, with the signing of the contract, the secondary educational institutions operating primarily in the South Great Plain region became […]
A consortium led by Salgglas Plc. of Salgótarján, NE of Budapest, has developed a smart windscreen, the project with a total cost of nearly HUF 1.5 billion was supported by the Economic Development and Innovation Operational Program (GINOP), the company told the Hungarian state news agency MTI. As they wrote, the pioneering solution allows the […]
The stock index of the Budapest Stock Exchange (BSE) rose on a downward trend this week, closing at 41,304.36 points on Friday, up 6.88% on the previous week's close of 2,659.79 points, the state news agency MTI reported on Sunday morning. Turnover fell from HUF 132.69 billion the previous week to HUF 99.98 billion, with […]
In honor of György Békésy, the National Bank of Hungary (MNB) issued a commemorative silver coin with a face value of HUF 7,500 and the non-ferrous metal version thereof with a face value of HUF 2,000 on the anniversary of the Nobel Prize-winning biophysicist's birth. The special oval-shaped collector coins augment the series presenting Hungarian […]
Porsche Hungaria Trading Co. Ltd. has a special, distinguished role in the domestic automotive distribution as it has been the market leader since its establishment three decades ago. Since January 2021, its CEO has been Balázs Németh, an experienced crisis manager who has spent almost his entire professional career at the company. After graduating from […]
On Friday, 6,729 people crossed the Ukrainian-Hungarian border into Hungary, while 4,986 of those entering the Romanian-Hungarian border said they had come from Ukraine, the National Police Headquarters (ORFK) told the state news agency MTI on Saturday. Of those who entered, the police issued to 248 people temporary residence permits valid for 30 days. They […]
In April 2022, the volume of sales in retail trade in Hungary increased by 15.7% according to raw data and by 15.8% when adjusted for calendar effects compared to the same period of the previous year, the Central Statistical Office reports. In April, calendar-adjusted sales volumes rose by 7.1% in specialized and non-specialized food shops, […]
The 54th Kékszalag (‘Blue Ribbon’) Raiffeisen Grand Prix will start on July 14, 2022. The Hungarian Sailing Federation is expecting more participants than ever before in Europe's largest and most popular around-the-lake sailing race. This year's regatta will be a multi-day sailing celebration, with exhibitors, shore programs and a giant projector in Balatonfüred. This year's […]
Following a comprehensive renovation, the restored Baroque Hall of the Museum of Fine Arts in Budapest opened this Friday, making it possible to visit the three impressive large halls of the building, which evoke the most important architectural style features, simultaneously after almost 80 years. In addition to the Renaissance Hall and the Romanesque Hall, […]
Hungarian Prime Minister Viktor Orbán was granted a near-total exemption from the European Union’s embargo on Russian oil. Although the premier hails it as a great victory achieved in Brussels, the exemption may only deepen the rift between the bloc and Hungary. EU leaders agreed this week to grant Hungary a near-total exemption from a […]
The Tokaj Wine Business Institute (TWBI) of the University of Tokaj (THE), located in Sárospatak, NE Hungary, is launching a one-year postgraduate course in English, which will familiarize students with current trends in wine-growing and wine management, as well as industry-specific business and economics, the institute told the state news agency MTI on Thursday. The […]
Tourism in the Central and Eastern European region is back on the rise this summer, despite rising hotel prices, global inflation and a war in the neighborhood, with travel increasing in every country in the region, with nine out of ten people planning to travel in 2022, mostly within the region, according to the latest […]
Having started production in 1973, the history of Borsodi Brewery dates back almost half a century, and it went to private ownership 20 years later when privatized by the Belgian firm Interbrew. In 2012, the latter was taken over by the American-Canadian Molson Coors Brewing Company, the world’s fifth biggest brewer. Borsodi’s General Manager Zsolt […]
