Hungary’s largest commercial financial institution, OTP Bank has awarded its corporate clients in three categories – innovation, social responsibility and international expansion – for their outstanding performance, the bank said in a statement sent to MTI on Wednesday. The Chairman and CEO of OTP Bank, Sándor Csányi said that the OTP Business Excellence Award aims […]
The consolidated net sales of NAP Plc. for 2022 exceeded HUF 2.4 billion, which is almost four times the comparable figure for 2021, according to the company’s annual report published on the website of the Budapest Stock Exchange. In 2022, the company acquired 21 small power plants operating under the METÁR-KÁT support scheme. NAP […]
Spar Hungary has upgraded its Perbál meat plant with an investment of more than HUF one billion, which together with the Bicske meat plant can claim one of the most modern food production sites in Central Europe, the supermarket chain informed MTI on Wednesday. In 2021 and 2022, as part of the HUF 1.1 billion […]
The MOL Group is recruiting 74 Growwwer in seven countries to work on solutions to promote mobility, energy supply and sustainability in the region. MOL Group is once again launching Growww, one of the most exciting regional graduate programs in the region. The highly prestigious one-year program offers a wide range of opportunities for talented […]
A Hungarian company has won the European Bank for Reconstruction and Development's (EBRD) entrepreneurship competition: Smapp Lab took the top prize with two foreign companies in the food technology start-up competition, the EBRD told MTI on Tuesday. The Hungarian company's insect monitoring platform helps optimize pesticide use, Tunisia's Kumulus machines produce fresh water in a […]
The passenger center of Budapest's Keleti Railway Station has been renovated with HUF 1.9 billion, the project was financed by the government and the European Union, it was announced this Tuesday. The renovation of the 1,542-square-meter passenger center was aimed at bringing the capital's station up to modern standards for both passengers and staff. In […]
The Aldi retail chain donated HUF 1.8 billion of food to the needy last year with the help of the Hungarian Food Bank Association. According to a statement sent to MTI this Tuesday, Aldi Hungary has been cooperating with the Hungarian Food Bank Association since 2016, thanks to which food that is no longer commercially […]
Weerts Logistics Parks (WLP) and RaktárAD, a warehouse company group with a Belgian-Hungarian ownership, are undertaking their 25th project within Europe in Vecsés, just south of Budapest. On the site spanning several acres, four buildings will be erected, each with a size of 50,000 square meters, totaling nearly 200,000 square meters. The investment is expected […]
In April, business expectations fell back to their level at the beginning of 2023, and the consumer confidence index also declined slightly. According to a survey conducted by GKI Economic Research Co. with the support of the EU, expectations in the business sector deteriorated, especially in industry and services. However, intentions to raise prices in […]
Only the soil surface is dry in some areas of the south-eastern part of Hungary, thus, there is no threat drought in for the time being the country, according to a summary published on the website of the FruitVeb Hungarian Fruit and Vegetable Interbranch Organization and Product Council on Monday. The water supply of the […]
The Annual General Meeting of Rába Járműipari Holding Plc. on Friday approved the report of the company's Board of Directors on the company's operations last year. According to the consolidated accounts, Rába's sales revenue amounted to HUF 64.3 billion, 38.6 % higher than in 2021, the Győr-based vehicle manufacturer said on Friday, MTI reported. Earnings […]
Flanked by Ana Lily Amirpour, Charlotte Le Bon, Karidja Touré and Shlomi Elkabetz, Hungarian director and screenwriter Ildikó Enyedi will be the head of the jury to award the Short Film Palme d’or and the 3 La Cinef prizes for student films in the Official Selection at the 76th Cannes Film Festival in May this […]
Britain's Thomas Percy won the men's half marathon event at the 38th Telekom Vivicittá running festival, which was attended by almost 20,000 people in the Hungarian capital on Saturday and Sunday. According to the Budapest Sports Office, the British athlete completed the 21-kilometer course in 1 hour 11 minutes and 28 seconds. The women's race […]
The ground-breaking ceremony of EcoPro BM’s cathode material plant in Debrecen indicates that the EUR 728 million project of the South Korean company is going to plan, according to the Hungarian Investment Promotion Agency (HIPA). The investment will allow the manufacturing of 108,000 tons cathode material for lithium-ion batteries on a yearly basis, and 631 […]
The stock index of the Budapest Stock Exchange (BSE), the BUX, closed the week up 1.88% or 815.64 points at 44,100.87 points, MTI reported Sunday morning along with a brief analysis of the week’s trading. Total turnover fell from HUF 28.879 billion the previous week to HUF 21.09 billion, with the leading shares gaining on […]
