According to a survey conducted by GKI Economic Research Co. with the support of the EU, business expectations deteriorated markedly in June, falling back to their October/November 2022 level, their latest low. At the same time, consumer expectations improved. In June, employment expectations in the business sector deteriorated sharply; however, the fear of unemployment of […]
Budapest's iconic hotel will be celebrating its 2nd anniversary on June 28th. Since its opening, the luxury hotel has established itself as the capital's most elegant social hub, garnering numerous domestic and international awards, the hotel says in a statement. Two years ago, Matild Palace welcomed its first guests after an extensive and meticulous renovation […]
The Business Council for Sustainable Development in Hungary (BCSDH) has once again announced its call for applications for the ‘For a Sustainable Future’ Award with the aim of continuing to recognize the most outstanding corporate and leadership achievements in sustainability. The business and the surrounding world are changing rapidly, constantly challenging companies. This should encourage […]
The stock index of the Budapest Stock Exchange (BSE) rose this week amid falling turnover, with the BUX 50 closing at 407.86 points on Friday, 0.65% higher than a week earlier, MTI reported on Sunday morning, along with a brief analysis of the week. The weekly turnover of the stock market was HUF 32.21 billion, […]
The 21st Night of the Museums awaits visitors in Hungary from Saturday afternoon to Sunday dawn with more than 2,700 programs in some 450 institutions across the country, including exhibitions, guided tours, concerts, interactive games, theatre and dance performances and children's programs. At the national opening of the event, held at the Petőfi Literary Museum […]
From Thursday to Sunday evening, the international festival celebrating the 120th anniversary of Harley-Davidson takes place at the Puskás Arena Park in the Hungarian capital with all kinds of activities from morning till night. The largest motorcycle parade in Budapest's history took place late morning and early afternoon this Saturday with 6,000 riders marching through […]
For the eighteenth time, the ‘Mastercard – Bank of the Year’ competition is looking for the most outstanding financial service providers. This year, the performance of financial institutions will be measured in seven categories and a grand prize winner will be selected, the global payment technology company told MTI. They stressed that in addition to […]
The Hungarian law forcing migrants to seek asylum abroad is illegal, the EU’s top court ruled. Budapest violated EU asylum laws by forcing people to first go to Hungarian embassies in Serbia and Ukraine before initiating a claim for international protection, the European Court of Justice said. The European Court of Justice (ECJ) ruled this […]
The CECZ Group is building a smart warehouse in Vác with an investment of HUF 25 billion. The project was celebrated with a topping out ceremony this Thursday in the town north of Budapest. Finance Minister Mihály Varga Mihály, who attended the ceremony, suggested that the investment could be an important part of China's Belt […]
Dreher Breweries has increased its aluminum can production capacity by 120% with an investment of HUF 7 billion, Gábor Békefi, CEO of the company, told MTI. He added that the production capacity of the Kőbánya plant has increased from 50,000 cans per hour to 110,000, making Dreher a potential exporter within the Asahi Group, in […]
Şişecam's glass factory in Kaposvár, SW Hungary, is scheduled to start production in September 2024, the Turkish company's technical manager Burcin Isguden said on Wednesday. Speaking at a press conference at the site of the factory's construction in the Eastern Industrial Park, he said that the project will cost EUR 400 million instead of the […]
HelloParks has expanded its warehousing capacity in Fót and Maglód, both just outside Budapest, and six companies have agreed with the developer to lease almost 18,000 square meters of space in the 26,000-square-meter and 46,000-square-meter buildings, the industrial real estate developer told MTI on Wednesday. The two new warehouses of HelloParks were inaugurated in the […]
As part of its global renovation program, JYSK opened its 2,000th remodeled store in Gödöllő this Wednesday, and the home furnishing chain also opened its 92nd store in Hungary in Nagyatád. According to the company statement released on Wednesday, the Danish retail chain started one of the largest renovation programs in its history in 2021, […]
Chinese-owned Huayou Cobalt has announced to set up its very first European plant in Ács, Komárom-Esztergom county, Hungary. As a result of the almost EUR 1.3 billion investment, substantial cathode material production capacities will be created for electric vehicles. The project that will receive Hungarian government support, the amount of which is to be made […]
Employment in the small and medium-sized enterprise (SME) sector is stable, and 7 out of 10 of the companies concerned are preparing to raise wages, by an average of 9%, K&H said on Wednesday, based on its latest SME Confidence Index research. They added that the survey indicates the expectations of micro, small and medium-sized […]
