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May 2023

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2022, the Most Successful Year for Garantiqa

D&T
May 31, 2023

The credit guarantee company Garantiqa Hitelgarancia Plc. closed the most successful year in its 30-year history in 2022, with HUF 570 billion in new guarantees, mainly for micro, small and medium-sized enterprise loans; the guarantee portfolio increased by 28% to HUF 2,473 billion, with the company helping the Hungarian SME sector to raise HUF 3,065 […]

Budapest Airport Closes Another Profitable Year

D&T
May 31, 2023

Budapest Airport, the management company of the Ferenc Liszt International Airport of the Hungarian capital, achieved a profit last year after two years of record-breaking losses, managing to cut some of the accumulated loss it suffered during the coronavirus pandemic. The airport operator ended 2022 with a net profit of EUR 76.6 million on net […]

Seiren Group Set Up New Plant in Pécs

D&T
May 31, 2023

The Japanese Seiren Group has set up a new plant in Pécs for over EUR 42 million to manufacture synthetic leather car seat covers. 30% of the investment costs are borne by Hungarian taxpayers through a government decision. The site is the first one ever established by the company in Europe where 170 people will […]

Erste Operates on a Carbon Neutral Basis in Hungary

D&T
May 31, 2023

Erste Hungary is now carbon neutral in Hungary this year. The bank has reduced its carbon emissions by more than 70% in the last six years. All Erste branches and offices run on green electricity, and by 2030 the entire fleet will be fully electric. Social and environmental responsibility permeates the bank's entire operations, the […]

British Chamber Re-Elects Chairman

D&T
May 30, 2023

At the Annual General Meeting of the British Chamber of Commerce in Hungary (BCCH), Duncan Graham has been re-elected as Chairman of the organization and new members have joined the Chamber's Council. The newly formed Council is appointed for the next two years. Duncan Graham is the Managing Director of financial and investment advisory firm […]

MVM Develops Green Financing Framework

D&T
May 30, 2023

The Hungarian MVM Group has developed a green financing framework to finance its investments to achieve national and corporate sustainability goals, the company told MTI on Tuesday. According to the information, the framework opens the possibility for the energy group MVM to finance these investments by issuing green bonds or taking out green loans. The […]

Doktor24 Doubles Revenue

D&T
May 30, 2023

Doktor24's revenue doubled last year, from HUF 6 billion in 2021 to HUF 12 billion in 2022, the private healthcare provider told MTI. Róbert Lancz, CEO of Doktor24, said that this year's plans include further growth of at least 30%. The number of doctors and specialists working at Doktor24 has now reached 1,000, the number […]

Investments Down in Hungary by 2.8% in Q1 2023

D&T
May 30, 2023

In the 1st quarter of 2023, the volume of investments decreased by 2.8% compared to the same period of the previous year, and increased by 1.0% compared to the previous quarter (seasonally adjusted), the Hungarian Central Statistical Office reported. As noted by MTI, the investment volume has been shaped by a decrease in business activity. […]

Hungarian Peacekeepers Injured in Kosovo

D&T
May 29, 2023

More than 20 Hungarian soldiers were reported to be injured when Hungarian Defense Forces troops, serving in the NATO peacekeeping force, carried out a crowd dispersal operation in the Kosovo town of Zvečan on Monday. According to a social media post by the Hungarian minister of defense, Kristóf Szalay-Bobrovniczky, more than 20 Hungarian soldiers were […]

Like You and Me - Young Hungarian Photography

D&T
May 29, 2023

Featuring nearly a hundred milestone works by thirty young artists, Like You and Me is an exhibition that highlights themes and technical experiments from contemporary Hungarian photography, along with characteristics of the genre and various cases when the boundaries of the medium are crossed. This show at Mai Manó House in Budapest seeks to present […]

Over 10,000 People Arrived from Ukraine This Sunday

D&T
May 29, 2023

The flow of refugees from invasion-torn Ukraine continues. On Sunday, 4,017 people entered Hungary at the Ukrainian-Hungarian border, while 6,402 of those entering at the Romanian-Hungarian border said they had come from Ukraine, the National Police Headquarters (ORFK) said. As MTI reported Monday morning, of those who entered, police issued 58 people with temporary residence […]

Hungarian Player Inducted into the IIHF Hall of Fame

D&T
May 28, 2023

Nine legends of the sport – including Hungary’s Viktor Szélig – have been inducted into the International Ice Hockey Federation (IIHF) Hall of Fame in Tampere, Finland, the site of this year’s World Ice Hockey Championship. The Bibi Torriani Award – given to the representative of non-traditional hockey nations and the accompanying Hall of Fame […]

Self-Developed Disinfection Robot Presented

D&T
May 28, 2023

The prototype of B+N Referencia Plc's self-developed UV-C disinfection robot, which also uses artificial intelligence (AI), has been completed; after the necessary tests, production can start this year, and foreign companies are already interested in the development, the facility management and research and development company told MTI. According to the statement, the new robot can […]

BUX Index Up on Rising Turnover This Week

D&T
May 28, 2023

The Budapest Stock Exchange's (BSE) share index, the BUX, ended the week at 47,573.35 points, up 2.12% to 985.96 points compared to last Friday's close, MTI reported this morning along with a brief analysis of the week’s trading. Turnover on the stock market rose from HUF 32.078 billion last week to HUF 37.376 billion, with […]

Hungarian Director Wins Short Film Palme d’Or in Cannes

D&T
May 27, 2023

Hungarian director Anna Buda Flóra's animated film '27', a French-Hungarian co-production, won the Palme d'Or for Best Short Film at the 76th Cannes International Film Festival Saturday night. The 11-minute-long film is about 27-year-old Alice who, even though she is suffocating a bit, she still lives with her parents and tends to live in her […]

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