8,883 new infections have been confirmed in Hungary in the past 24 hours, bringing the total number of identified infections since the beginning of the epidemic to 1,730,366, the government information portal reports. 97 patients have died, bringing the official total number of deaths to 42,851 in this country. The number of cured persons is […]
As a result of a HUF 50 billion (EUR 150 million) investment, a new production hall has been added to the existing site of REHAU-Automotive Ltd. in Újhartyán, SE of Budapest. Close to 15% of the investment cost is covered by Hungarian taxpayers through a government decision. In the plant of 63,000 square meters, plastic […]
Rolls-Royce's team in Hungary, Italian aircraft manufacturer Tecnam and Austrian engine manufacturer Rotax have achieved a major breakthrough in revolutionizing aviation and making it even more sustainable. Following several successful ground tests, a unique hybrid-powered experimental aircraft took to the skies for the first time on December 21, 2021, the first in the world to […]
Despite the pandemic, the Hungarian subsidiary of the Italian phytocosmetics company Vagheggi continued to increase its sales in 2021 after 2020, and saw the time as right to open its first store for its retail customers. In addition, an ultra-modern training center was inaugurated to provide increasingly innovative training for Vagheggi Beauty's specialist/cosmetic partners. Vagheggi […]
With an exhibition entitled ‘Dreamers of Dreams 20 – World-renowned Hungarians, world-shaping inventions’, Millenáris celebrates Hungarian contributions to scientific milestones. Opening this Tuesday, the spectacular interactive exhibition showcases the inventions of nearly 600 Hungarian geniuses. Covering an area of almost 6,000 square meters, the exhibition covers 6+1 disciplines: mobility, medicine, industry, agriculture, infocommunication, the science […]
Bridgestone Tatabánya Production Ltd. has spent close to HUF 130 billion in total on developments since it was established fifteen years ago, and by now it has become one of the most modern European tire plants of the Japan-based corporate group. And by 2023, it is bound to be altered into a fully smart factory. […]
In the past three days, 21,081 new infections have been confirmed, bringing the total number of identified infections to 1,717,072 since the beginning of the outbreak, according to the government website koronavirus.gov.hu. The 271 deaths in the past three days were mostly elderly, chronic patients, bringing the official total number of fatalities related to the […]
Liu Shaoang won the men's short track speed skating 500-meter race at the Beijing Winter Olympics on Sunday, making him Hungary's first individual gold medalist at the Winter Games. The world champion, who was already Beijing bronze medalist in the mixed relay and in the 1,000-meter individual event, as well as fourth in the 1,500 […]
Renowned Hungarian-American businessman, author and marketing executive Alexander Brody, the grandson of Hungarian writer Sándor Bródy, passed away in Budapest, two weeks after reaching the age of 89 years. Born as Sándor Bródy in Budapest, he grew up in the Hungarian capital and went to the United States at the age of fifteen, where he […]
Saturday afternoon, Prime Minister Viktor Orbán gave his annual assessment speech at Várkert Bazaar in Budapest ahead of the April elections. He mainly spoke about what he considers the achievements of his government and claimed that the opposition “attacked the country.” The prime minister described the pandemic as a test of strength, which put everyone […]
Schneider Electric, the world leader in energy management and automation, will significantly increase the number of its suppliers in the region, including Hungary, creating EUR tens of millions in business opportunities. Launched at the end of 2020, its supplier program is creating a dedicated team at the company's regional procurement center in Budapest to support […]
Consumer prices were 7.9% higher on average in January 2022 than a year earlier. The last time the inflation was higher was in August 2007. The highest price rises over the last 12 months were measured for motor fuels as well as food. In one month, consumer prices increased by 1.4% on average, the Central […]
Similarly to Turkish Şişecam Automotive, Italian Novation Tech, also engaged in the automotive sector, also announced its latest investment this week as well. Close to 35% of the HUF 1.3 billion investment cost is covered by Hungarian taxpayers through a government decision. The project that promises to create at least 50 jobs is also related […]
The Organization for Security and Co-operation in Europe said that Hungary’s general elections scheduled for April 3 should be monitored by a full-scale international election observation delegation. The unusual recommendation for a European Union member country comes after political analysts warned of the risk of rigged elections in the country, claims that were strongly refuted […]
To counter the economic effects of the pandemic, competitiveness boosting programs have been gradually launched under government subsidy schemes (VNT) in Hungary which triggered developments in up to 30 different industries. Turkish Şişecam Automotive announced its latest investment this week related to the most recently initiated VNT3 incentive improving schemes which concern capacity expansion and […]
