The Krishna Valley, located on the outskirts of Somogyvámos, S Hungary, will celebrate its 30th anniversary this year with the opening of a carriage house and an exhibition, the organizers told MTI in a statement. They wrote that the jubilee celebrations will start on May 20 in Hungary's largest eco-farm: the dry mill, which is […]
The life insurance segment stagnated, but the property and liability and health insurance sectors in Hungary showed strong growth last year, according to Allianz's latest global insurance report, a summary of which was sent to MTI on Friday. According to the statement, the Hungarian insurance market grew by EUR 0.2 billion, or 7.4%, in 2022, […]
Sole-Mizo Plc., Medifood Hungary Innovation Ltd. and the Hungarian University of Agriculture and Life Sciences have won a HUF 996.44 million non-refundable grant from the European Union for the development of milk protein-based food within the framework of the Széchenyi Plan Plus program, Sole-Mizo Plc. said in a statement. The consortium aims to develop a […]
Mercedes-Benz Manufacturing Hungary Ltd. achieved sales of nearly EUR 4 billion in 2022, compared to EUR 3.1 billion in the previous year; its profit before tax also increased: from nearly EUR 75 million in 2021 to more than EUR 96 million last year, the company told MTI. According to the report, the significant positive change […]
A delegation of the European Parliament’s Budgetary Control committee concluded a fact-finding visit in Budapest this week. The members of the European Parliament (MEPs looked into ongoing issues with the protection of the EU budget and met with Hungarian public officials, NGOs and journalists. The group of European Union (EU) lawmakers visiting Budapest expressed concerns […]
The European Commission has given its final approval for the acquisition of OMV Slovenija by the Hungarian oil and gas company Mol, putting the Mol Group on track to become the second largest player in the segment in Slovenia. The Mol Group has fulfilled all the conditions for closing the transaction to acquire a 92.25% […]
After the final assembly and testing of digital microsensors, the last step of chip production will be transferred from Sensirion's Swiss parent company to the Debrecen plant, thus the plant will be involved in semiconductor production, said Managing Director of Sensirion Hungary Ltd., László Ábrahám, at a press conference on Thursday. The managing director highlighted […]
A room named after Ángel Sanz Briz has been inaugurated at the Károlyi Mihály Hungarian-Spanish Bilingual High School in Kispest, the Hungarian capital's District 19. The Spanish diplomat saved the lives of 5,000 Jews in Budapest during the Holocaust. In her welcoming speech, the head of the Outer Pest Education Territorial Directorate, Krisztina Rábel thanked […]
The concentration of the coronavirus hereditary material in wastewater is again decreasing, the National Public Health Center (NNK) said on its website. They wrote that after stagnating in previous weeks, the average concentration of the coronavirus hereditary material in wastewater decreased slightly again in the 19th week of the year. The concentration in question continued […]
Budapest Airport will increase the annual air cargo handling capacity of Liszt Ferenc International Airport from the current 250,000 tons to 300,000 tons with the expansion of Bud Cargo City, René Droese, Deputy Chief Development Officer of Budapest Airport, said on Wednesday at the ground-breaking ceremony of the Cargo City Handling building expansion. Bud Cargo […]
The Budapest Stock Exchange (BSE) has presented its first sustainability report for the year 2022, the stock exchange told MTI on Wednesday. The stock exchange's market position is also special in terms of its sustainability efforts, as in addition to being an independent economic entity that enforces sustainability aspects in its own operations, it also […]
Florin Plc., a manufacturer of disinfectants, cleaning agents and cosmetics products, is improving its logistics system and building a new automated warehouse with an investment of HUF 1.6 billion - with support from the European Union. Attila Barta, the company's CEO, said at the groundbreaking ceremony on Wednesday that half of the costs of the […]
Steel structure manufacturer Vilex '94 Ltd. has invested almost HUF 300 million in improving its technology, the company told MTI. The company received HUF 209 million in conditionally non-refundable support from the Széchenyi Plan Plus program for the development, which cost HUF 298.9 million. As the main part of the project, a separate 1,510-square-meter locksmith's […]
Automotive Hungary, an event dedicated to showcasing the latest technologies and trends, has opened at the Hungexpo fair site in the Hungarian capital this Tuesday. The four-day exhibition is accompanied by conferences. Automotive Hungary is for bringing together domestic and international suppliers and service providers of the automotive industry at all levels, the organizers say. […]
Hungary’s gross domestic product (GDP) decreased by 0.9% according to raw data and by 1.1% according to seasonally and calendar adjusted and reconciled data in the 1st quarter of 2023 compared to the corresponding period of the previous year. Compared to the previous quarter, the economic performance diminished by 0.2% according to seasonally and calendar […]
