The Budapest Stock Exchange (BSE) share index fell in the week, closing at 45,396.33 points on Friday, down 2.68% or 1,249.08 points from a week earlier. The weekly turnover of the stock market was HUF 55.39 billion, up from HUF 38.95 billion the previous week, with the leading stocks ending the week lower, except for […]

Food was a clear winner in a recent poll conducted for the news site Napi.hu by the public research company Pulzus: 59% of the Hungarian population cut back on food spending in the last six months. The same proportion of the spending cut was measured for entertainment. The survey also shows that since August, at […]

Avidin Ltd., based in Szeged, SE Hungary, has expanded its diagnostic range with high-sensitivity solutions based on fluorescence technology with an investment of over HUF 305 million, half of which is funding from the European Union. Founded in 2002, Avidin Ltd.'s main goal is to identify new small molecules that can be the starting points […]

The performance of Hungarian hotels in December was again better than expected, despite the rising inflation and the Russian-Ukrainian war, the Association of Hungarian Hotels and Restaurants (MSZÉSZ) has announced. They recalled that in 2022, with the lifting of the epidemic restrictions, both domestic and international tourism started to grow dynamically, and this was reflected […]

Volvo Hungária Ltd. has handed over to the Waberer's Group Hungary's first purely electric Volvo tractor unit, an electric Volvo FH model. The newly handed over electric Volvo FH is a 4×2 axle configuration tractor with a Globetrotter XL extra-high sleeper cab for driver comfort. The range of up to 300 kilometers is ensured by […]

2022 was an extremely challenging, yet very successful year for the Hungarian capital’s Ferenc Liszt International Airport, the operator company Budapest Airport reports. The airport recovered 75% of its pre-COVID passenger traffic, added brand new destinations to its schedule and became a regional leader in quality, while air cargo volumes hit unprecedented records. A number […]

The University of Pécs (PTE) and the pharma firm Gedeon Richter Plc. (Richter) are creating an infrastructure and professional knowledge base worth more than HUF five billion in cooperation, which can be used in the fields of pharmaceutical research and agricultural science, among others, and is also suitable for the structural analysis of macromolecules, the […]

Among medium and large companies, eight percentage points more firms reported in the second half of the year than in the first half of 2022 that they had introduced a new product or service or significantly improved its quality in the two years preceding the survey, K&H Bank said on Friday, based on its latest, […]

Hungary’s economic competitiveness to a very large extent hinges on the government’s ability to ensure energy security for the country, according to the German Chamber of Commerce. In addition to energy costs, the security of supply is also for crucial businesses operating in Hungary. German foreign direct investment is a key engine of Hungary’s economy. […]

Following a drone attack on their Ukrainian system control center in mid-October, Ukrainian transmission operators have requested assistance to restore their damaged IT infrastructure through ENTSO-E, the European network of system operators for telecommunications. “In immediate response to the request received at the end of October, we offered servers and data storage devices to Ukrenergo […]

The office and warehouse market in the Hungarian capital will continue to gain momentum this year, and as last year, a significant amount of new space will be added in 2023, Erste Bank told MTI on Thursday. The statement quoted Erste's head of real estate finance, Tamás Deák, as saying that last year 267,000 square […]

Ten new CNG (gas-fueled) buses with Euro 6 environmental classification have been put into service by Volánbusz in the southeastern Hungarian city of Szeged, according to an announcement this Thursday. The almost HUF one billion investment saw the arrival of low-floor vehicles with visual and audio passenger information systems, suitable for wheelchairs and prams. The […]

Hungary's OTP Bank has announced that the Slovenian competition authority has approved its acquisition of Slovenia's Nova KBM d.d. According to the announcement by the Hungarian financial institution published on the website of the Budapest Stock Exchange this Thursday, the Slovenian Competition Protection Agency approved, at its meeting on January 31, 2023, the acquisition of […]

From January 2024, the Electrolux factory in Nyíregyháza, NE Hungary, will no longer produce refrigerators. The company took this decision after examining the capacity utilization of the plant, which employs 650 people, and future volume forecasts. "The results of the impact study and the current business environment required us to act. Our goal remains to […]

In November 2022, the volume of export was 9.5% and that of import was 15% higher than in the same period of the previous year. The deficit was EUR 1 billion 415 million, the balance deteriorating by EUR 1 billion 372 million year-on-year, the Central Statistical Office reports. Compared to October, the seasonally and working-day […]