Hungary’s OTP Bank signed a purchase and sale contract on the privatization of Ipoteka Bank in Uzbekistan this Monday. According to the contract, OTP Bank will purchase 100% of the shares held by the Ministry of Finance of the Republic of Uzbekistan (nearly 97% shareholding) in two steps: 75% of the shares now and the […]
Ágnes Verebics' Globeface in the picture category and Botond Polgár's Pártorzó [Pair torso] in the sculpture category were the winners of the Fine Art Hungary – Artwork of the Year 2022 program series, the organizers told the state news agency MTI on Sunday. As the statement recalled, the Fine Art Hungary program series was launched […]
The Budapest Stock Exchange (BSE) share index fell on a downward trend this week, with the BUX closing at 44,182.00 points on Friday, 3.54% lower than a week earlier, the state news agency MTI reported, along with a brief analysis, on Sunday morning. The weekly turnover of the stock market was HUF 49.02 billion, down […]
On Saturday, 5,463 people entered Hungary crossing the Ukrainian-Hungarian border, while 4,120 of those entering at the Romanian-Hungarian border crossing declared that they had arrived from Ukraine, the National Police Headquarters (ORFK) informed the state news agency MTI on Sunday. Of those who entered, police issued 168 people with temporary residence permits valid for 30 […]
On the occasion of World Human Rights Day, the Budapest Bike Maffia organized a large-scale food distribution campaign in cooperation with the Embassy of the Netherlands in Hungary and the local Flemish representation. The Budapest Bike Mafia provided food and vitamins to people in need. On World Human Rights Day, they are raising awareness that […]
On Earth Day this April, the Budapest shopping center Westend's second-hand clothes collection space, ReStore, opened its doors, where, in addition to collecting surplus textiles, it also hosts various sustainability-related activities. Loyalty points are awarded on the Westend app for used clothing donations, which could also be redeemed for tree planting when the project was […]
The main objective of the Cseh-Magyar Üzleti Klub (Czech-Hungarian Business Club), established in 2004, is to develop bilateral business relations and promote cooperation between Czech and Hungarian businesses. In addition, the Club aims to create a forum for its members – be they companies or individuals – to deepen their cultural and human ties in […]
A new government decree has been published in the Hungarian Gazette, according to which the Hungarian government, citing the state of war, has authorised itself to rewrite the budget without the approval of Parliament. According to the decree, the provisions of the law on public finances "on the preparation, structure and content of the central […]
A project for the development of water infrastructure in the Tisza Valley is starting with HUF 5.6 billion non-refundable funding from the European Union and the Hungarian state; the project, expected to be completed by the end of November 2023, will contribute to increasing flood safety in the region. István Láng, Director-General of the National […]
The food price freeze in Hungary could be maintained until next April, according to the financial website portfolio.hu. Several sources say that the price freeze, which currently runs until December, would not be lifted at the end of the year, but would be maintained at least until Easter. According to sources to Portfolio, the issue […]
Harvard Medical School (HMS) and Semmelweis University (SE) signed a cooperation agreement in the Hungarian capital this Friday, under which HMS will design and implement a postgraduate clinical research training program in medicine at the university. According to a statement published on the SE website, the HMS clinical research program for PHD students and post-doctoral […]
Vantage Towers Plc. supports the Hungarian Baptist Aid with a real estate donation. NK in Hungary. The company donated a property in the village of Magy to the charity, where that operates a community space, a social laundry and a bath for disadvantaged people living in the area, the company told the state news agency […]
Hungary is teetering on the brink of an economic “crisis” and it is one of the “most economically vulnerable” countries in the world, the central bank governor warned. Adopting an unusually critical tone, György Matolcsy blasted the policy mistakes committed by the government of Prime Minister Viktor Orbán in handling the crisis. The Governor of […]
Mol Campus, the Hungarian oil and gas company's new headquarters in Budapest was opened this Thursday, the state news agency MTI reports. 2,500 people will work in the building to grow the company, as it is necessary to secure Hungary's energy supply, the CEO of the Mol Group, Zsolt Hernádi said at the opening ceremony. […]
As a result of an investment of some EUR 45 million, Nissin Foods substantially ramps up its manufacturing and logistics capacities at its Kecskemét site. Storage space and production volume of the Japanese instant noodle producer will be increased and 50 new jobs will be created. About 7% of the investment cost are covered by […]
