The European Investment Bank Group, consisting of the European Investment Bank (EIB) and the European Investment Fund (EIF), increased its investments in Hungary in 2021 and provided EUR 891 million to the local economy, a record volume of investment in the past five years. The EIB increased the volume of its operations in Hungary for […]
Hungarian set designer Zsuzsanna Sipos has been awarded an Academy Award for production design together with Canadian production designer Patrice Vermette for the movie 'Dune', at the 94th ceremony held in Los Angeles this Sunday. Dune, based on the Frank Herbert classic and directed by Denis Villeneuve, was partly made in Hungary and won six […]
In the past three days, 5,223 new cases of coronavirus infection have been confirmed (some 700 per day less than the number published last Friday), while the number of fatalities related to the new coronavirus epidemic was 84 over the week-end (ten per day less than the number published last Friday), according to official figures […]
A HUF 26 billion investment by the Hungarian subsidiary of Japanese electronics giant TDK will create 250 new jobs in Szombathely. The Hungarian government is providing HUF 6.6 billion (around a quarter of the total investment costs) to develop a business unit to manufacture sensors for electric cars. TDK, one of the world's leading electronics […]
Russia's war against Ukraine, the radically changing political environment and widespread international economic sanctions are forcing the global and Hungarian economy onto an economic path that is highly uncertain, says the latest forecast by Hungary's GKI Economic Research Co. The war launched by Russia against Ukraine and the resulting widespread international economic sanctions are forcing […]
The stock index of the Budapest Stock Exchange (BSE) rose slightly this week, closing at 43,983.38 points on Friday, up 47.82 points or 0.11% from a week ago, the state news agency MTI reported this Sunday. Turnover was HUF 92.09 billion, up from HUF 110.94 billion the previous week, with leading shares performing mixed. In […]
The Hungarian Food Bank Association has set up an aid fund to support the civilian population affected by the war in Ukraine. In a statement sent to the state news agency MTI on Saturday, the association said that the donations collected will be forwarded to the Kiev Charitable Foundation operating the Ukrainian Food Bank. According […]
The Czech company Nymwag is building Europe's most modern rail vehicle manufacturing plant in Nagykanizsa, SW Hungary, providing jobs for nearly 1,500 people. With an investment of nearly HUF 60 billion, the rail vehicle manufacturer is setting up the group's most modern factory and research and development base, where 1,800 freight wagons and 4,800 railway […]
The exhibition hall Műcsarnok (‘Art Hall’) welcomes visitors with a special premiere – Life’s a Beach – at the opening exhibition of the 6th edition of the Budapest Photo Festival. Martin Parr, British photographer and the star of MAGNUM PHOTOS, is one of the best-known representatives of European contemporary color photography, whose work is on […]
The Kravtex-Kühne Group's new 4,000-square-meter production hall was inaugurated in Mosonmagyaróvár, NW Hungary on Friday, expanding the bus factory's floor space to more than 20,000 square meters. István Krankovics, chairman of the group's board of directors, said that the Credobus plant, part of the Kravtex-Kühne group, has been expanding continuously since 2008, and this is […]
A joint research and development project for the construction and testing of natural gas transport system elements capable of transporting natural gas with a hydrogen content of up to 10% will be launched in cooperation between the University of Miskolc and FGSZ Földgázszállító (‘Natural Gas Transporter’) Plc., the university told the state news agency MTI […]
The National Bank of Hungary raised massively the EU’s highest key interest rate as it seeks to tamper runaway inflation and bolster the forint. Analysts expect policy makers to continue raising borrowing costs as the war in Ukraine continues to rattle markets. The Monetary Council of the Hungarian National Bank (NBH) raised the central bank […]
The victory of Denmark, represented by Brian Mark Hansen and his Elisabeth Madsen commis at the Bocuse d'Or Europe 2022, the European selecting event of the famous gastronomy competition, closed two days of high-level competition in Hungarian capital. Ten European teams have now qualified for the grand Finale of the Bocuse d'Or which will be […]
The Hungarian oil and gas company MOL has signed an agreement with Waldorf Production Limited (“Waldorf”) covering the sale of its entire Upstream portfolio in the United Kingdom. The divested offshore assets include MOL’s 20% stake in the Catcher field, a 50% stake in Scolty & Crathes and a 21.8% stake in Scott as well […]
2,651 new infections have been confirmed in the past 24 hours – 251 less than a day before –, bringing the total official number of identified infections to 1,836,919 since the start of the outbreak, koronavirus.gov.hu said on Thursday. Thirty-five mostly elderly, chronic patients died – seven fewer than a day before –, bringing the […]
