The Hungarian government on Saturday amended its March 5 decree on the export of "strategically important" agricultural products, adding durum wheat and hulless sunflower seeds to the list of restricted crops and clarifying that cereals can still be freely exported as seeds, the Hungarian Gazette reports. The range of crops concerned has been extended to […]
The Budapest Stock Exchange's (BSE) share index, the BUX, closed the week at 42,905.55 points, up 6.61% or 2,658.85 points compared to last Friday, the Hungarian state news agency MTI reported this Sunday morning. Turnover was HUF 190.623 billion, down from HUF 322.227 billion the previous week. Leading stocks were stronger with the exception of […]
Flights are arriving and departing seamlessly and as scheduled, passenger processes are continuing as usual at Budapest's Ferenc Liszt International Airport. Flights to Ukraine and Russia are still suspended, but the war in Ukraine is not affecting flights to other destinations. The airport operator 'Budapest Airport' says that together with the Airport Police Directorate, it […]
AbbVie and Gedeon Richter Plc. have announced a new co-development and license agreement to research, develop and commercialize novel dopamine receptor modulators for the potential treatment of neuropsychiatric diseases. The collaboration is based on the results of preclinical research carried out by Richter and includes several new chemical entities selected for development. AbbVie and Richter […]
It was thirty years ago that the Kőbánya Brewery became a shareholding company, it was 25 years ago that it took up the name Dreher Breweries and it will be five years this April that the Japanese Asahi Group Holding announced completing the acquisition of the company among other businesses in the region. On all […]
The opening ceremony of a complex corporate development project to be carried out by KTS Metalltechnik Ltd. has taken place in Bátonyterenye, NE of Budapest. Thus, the company will be able to participate as a supplier in the expansion of the electric battery production capacity in Hungary. The development project is to cost HUF 250 […]
The Hungarian State Opera announced its 2022-2023 thematic season under the title ‘Myth & History’. In the renovated Ybl Palace on Andrássy Avenue, the opera house will also be offering a number of new spaces with new features, new publications and a chamber exhibition. In its 139th season, the Opera is presenting more than 500 […]
The German SCHOTT Group adds manufacturing of prefillable glass syringes (PFS) in Lukácsháza to its Hungary portfolio. The EUR 76 million investment to be completed by 2024 will create 120 new jobs and is bound to address global demand for the product concerned. 12% of the costs are borne by Hungarian taxpayers through a government […]
Petrol stations across the country experienced fuel shortages this week in the face of record demand. The government-imposed price cap on motor fuel is forcing an increasing number of gas stations to close down. Long queues were forming at gas stations across the country this week and there is a growing number of petrol stations […]
Katalin Novák was elected as president of the republic by Hungarian Parliament mainly with the votes of the the two-thirds majority of the governing parties. Out of 188 valid votes, the former minister without portfolio received 137 votes and economist Péter Róna, the opposition candidate, 51. Nominated by the ruling party Fidesz and its small […]
Magyar Suzuki has announced that it stopped exporting cars to Russia and Ukraine from March because of the war, the company said in response to questions from Reuters news agency, the financial news site portfolio.hu reports. The company used to sell around 10,000 new cars a year in the two countries and now wants to […]
Over the years, Lexus has enjoyed tremendous success globally, in Europe and in Hungary, thanks to the success of its eco-friendly model portfolio. Today, Lexus, which sells 99% self-charging hybrid electric vehicles (HEVs) in Europe, and has sold more than two million partially or fully electrified cars worldwide, is going even further in greening the […]
Only upwards! - The program of Rising Hungary. This is the title of the election program presented this Wednesday evening by the opposition coalition 'United for Hungary'. On April 3, there is a chance for Hungary to find its way back to civilization and Europe, and it is in the country's interest to have peace, […]
Greenpeace Hungary held a peace demonstration with the participation of thousands of people on Heroes' Square in Budapest on Wednesday evening. The crowd formed a huge luminous peace sign with torches in hand. The participants of the event protested against the invasion of Ukraine and expressed their sympathy for the innocent people suffering because of […]
The new buildings have been erected and the production of the new manufacturing equipment is also on schedule at the site of the French SUEZ Group in Oroszlány where the progress of its investment of some EUR 30 million was celebrated in a ceremony this . By expanding its ultrafiltration membrane manufacturing capacity and building […]
