Sales revenue from cloud technology used in manufacturing and trade is set to grow at an average annual rate of close to 20% this decade in Eastern Europe, according to market researcher Fortune Business Insights. In Hungary, the growth of the cloud technology sector may outpace regional peers as the expansion of B2C e-commerce has […]
According to an international survey, work-life balance is more important for employees in the long run than the possibility of career building, Profession.hu has reported to MTI. As the press release says, the Boston Consulting Group (BCG), in a global survey conducted this year with the involvement of Profession.hu, among others, examined the attitudes and […]
A music box playing the works of Fryderyk (Frédéric) Chopin and Ferenc Liszt, performed by pianist Gábor Farkas, was inaugurated this Thursday, the Day of Hungarian-Polish Friendship, in Budapest's Városliget (City Park). The piano was donated to Budapest by the Polish Institute to commemorate the world-famous composers of the two nations. The Ambassador of the […]
CIB Group closed the 2022 financial year with an outstanding result: its profit increased by 128% to HUF 36.1 billion, the financial institution told MTI on Thursday. CIB Group's revenues amounted to HUF 135.6 billion, up 71.0% year-on-year. This was mainly due to the rising interest rate environment and increasing business activity, especially the expansion […]
Wizz Air has again, after 2020, won the Airline of the Year award at the Air Transport Awards, the company told MTI on Thursday. The award was personally accepted by CEO József Váradi at the gala evening in Montreal, Canada on Wednesday, they wrote. The Air Transport Awards annually honors outstanding performers in the air […]
Mapei Ltd. expects a more than 6% increase in sales this year, Béla Markovich, the managing director of the Hungarian company, which manufactures and distributes building materials, has said at a press conference in Budapest. He has also discussed the results of a survey by the company about finding construction professionals in Hungary. He added […]
The number of permanent residents declined in several districts of Budapest and in the county seats last year, while urban agglomeration settlements were a popular destination for moving to across the country, according to the latest analysis by the real estate site ingatlan.com. In the statement issued this Wednesday, the leading economic expert of the […]
OTP Bank Plc. has announced on the website of the Budapest Stock Exchange that as of March 21, 2023, T. Rowe Price International Ltd. has increased its voting right in OTP Bank Plc. to 5.02% via owning 14,037,515 ordinary shares. According to a report by the business news site vg.hu quoting Morningstar data, T. Rowe […]
Last week, 16 patients, mostly elderly and chronic, died (up from 13 in the previous week), bringing the total official number of deaths related to the new coronavirus infection epidemic to 48,791, the Coronavirus Press Center informed MTI on Wednesday morning, presenting last week's aggregate data. It said that 641 new infections were confirmed last […]
MVM Zöld Generáció [Green Generation] Ltd. has built a 23.97 megawatt (MW) peak capacity solar power plant with an investment of HUF 9.4 billion in the outskirts of Szeged with EU support. The company's business project director, Péter Bilinszky said presenting the investment that EU and domestic subsidies covered HUF 3.575 billion of the investment […]
Large companies do not expect sales and profit growth this year. Companies have been expecting declining profits for more than a year, which has now reached a negative record, and the expected change in sales is also negative, according to the K&H large company growth index sent to MTI on Tuesday. On average, companies expect […]
The automotive company, committed to sustainable operations, was the first company listed in the Premium Category of the Budapest Stock Exchange to develop a Green Finance Framework. In its first Sustainability Report, AutoWallis reviewed its functions, identified the main processes connected to sustainable operations, and transformed its internal information system required for preparing reports. As […]
A consortium led by the ELKH Wigner Research Center for Physics (Wigner FK) has won a HUF 3.5 billion grant from the National Research, Development and Innovation Office (NKFIH) to develop the Quantum Informatics National Laboratory (KNL). According to a statement issued by the National Research Council on Monday, the key objectives of the project, […]
Sunny spring weather has led to new records in solar power generation in Hungary, the Hungarian Energy and Public Utility Regulatory Authority (MAVIR) has announced. First on Friday, March 17, in the midday hours, 2,343 MW, and then on Saturday, exceeding this with a preliminary value of 2,362 MW (in the quarter hour between 11:30 […]
The complete renovation of five panoramic corner suites was recently finished in Kempinski Hotel Corvinus Budapest. The design for the suites was prepared by the Hungarian interior design firm Biva Atelier. Together with these five, a total of 15 Executive Suites are now available to guests in the hotel. A lot of natural light flows […]
