The transport company Waberer's International's revenue rose by 11% to EUR 176.4 million and earnings before interest and taxes (EBIT) by 146% to EUR 11.2 million in the first three months of the year compared to the same period last year, according to a financial report and a press release published on the Budapest Stock […]
The public session of the General Assembly began with a welcome speech by Tamás Freund, President of the Hungarian Academy of Sciences (MTA). "Only a meaningful academic role and cooperation between the Academy and the government can bring about a stable, predictable and efficient national RDI system that goes beyond governmental cycles, and the utilization […]
Innoscitech Ltd.’s new autoclaved aerated concrete plant has been inaugurated in Biharkeresztes, eastern Hungary, as a result of a HUF 14 billion investment, some 40% of which is paid for by Hungarian taxpayers through a government decision. As the Hungarian Investment Promotion Agency reports, the additional substantial production capacities will allow to supply environmentally friendly […]
In the 125,000 or so transactions that took place on the Hungarian real estate market last year, there were 2,524 cases of foreign investors who had to apply for a property purchase because they were not citizens of the European Union, the European Economic Area (EEA) or Switzerland. This is a 7%% drop compared to […]
A free all-day festival was held in Budapest to celebrate Hungary's accession to the European Union. This year's event was packed with exciting and colorful activities. There was a chance to run with famous Olympians in the now traditional Europe Day running race, but music lovers and families were also in for a treat with […]
In April, the TKI tourism business climate index stood at plus two points on a scale between minus 100 and plus 100, indicating that the sector's operators perceive their situation as slightly improving but close to stagnation, the National Association of Tourism and Hospitality Employers (VIMOSZ) said in its latest survey. After three months of […]
The Budapest Stock Exchange (BSE) share index rose in a four-day trading week, with the BUX closing at 46,330.72 points on Friday, up 3.37% to 1,508.51 points from a week earlier. The weekly turnover of the stock market for the four trading days was HUF 46.02 billion, up from HUF 37.98 billion the previous week, […]
The Miskolc National Theater in NE Hungary will launch its bicentenary theater season starting on August 24 with the production The Tatars in Hungary, directed by Artur Szőcs, the theater told MTI on Saturday. In October, the theater will present the operetta The Csárdás Princess directed by Attila Béres, and in December, the play ‘The […]
Facilities managers are optimistic and predict growth in their sector, thanks to the easing of the economic and energy crisis and the ability of national economies to adapt, according to the latest research by the National Association of Facility Management, Building Operation and Maintenance Service Providers (LEO FM). According to the association's release, LEO's quarterly […]
Swiss-owned pharma company Novartis expands its Hungarian presence by adding a regional R&D center. Apart from its core research functions, the facility will play a crucial role in coordinating related activities in several countries. Having a tradition of over 250 years, the establishment of Novartis’ Hungarian operation dates back to the early nineties. As part […]
The drip and irrigation pipe production plant of Green Technológia Ltd. was inaugurated on Friday in Lébény, north-west Hungary. It was emphasized at the ceremony that every single plastic product and utensil used in agriculture that is delivered to Green Technológia Ltd. is no longer waste, but a raw material for recycling and can be […]
At the initiative of the formwork, scaffolding production and engineering services firm PERI Hungary, an unprecedented charity campaign has been launched by Hungarian construction companies, contributing to the work of the Hungarian Interchurch Aid in Turkey, supporting the humanitarian work in the earthquake-affected area with between HUF 100,000 and HUF one million. The charity gala […]
At the Annual General Meeting of the German-Hungarian Chamber of Industry and Commerce (DUIHK), the 30th since its foundation in 1993, DUIHK members have confirmed András Sávos as President for another two-year term. Prior to the General Assembly, members cast their votes electronically for the election of officers and the amendment of the Statutes, and […]
South Korea-based Sang-A Frontec extends its production capacities at its site in Szada, Pest county. The company is implementing a EUR 25 million investment, of which some 14% is covered by Hungarian taxpayers through a government decision, to ramp up manufacturing of plastic battery parts for its main client, Samsung SDI. The development will create […]
Hungarian lawmakers adopted changes to the country’s judiciary in the hope of gaining access to billions of euros in EU funds. While Brussels welcomed the reform steps, it indicated Hungary needed further reforms to unlock EU cash. Hungarian lawmakers passed measured related to the reform of the judiciary this week in the hopes of unlocking […]
