The Hungarian Business Leaders Forum (HBLF) launched a campaign to promote the role of women in corporate leadership. Entitled ’CEOs Leaders for Balance’, the initiative is aimed at raising awareness and promoting diversity in the Hungarian corporate world. As part of the program, HBLF paired up 12 executives living and working in Hungary to work […]
HR service provider Prohuman has further strengthened its presence in the Central and Eastern European region, following its expansion in Serbia and now it wants to put its Slovenian subsidiary on a growth path, the Hungarian-owned HR service provider has told MTI. According to the statement, Prohuman is active in seven countries – Hungary, Romania, […]
Austrian-owned KRONOSPAN-MOFA Hungary Fiberboard Production Ltd. is expanding the capacity of its plant in Mohács, S Hungary, for the production of fiberboard to the tune of HUF 2 billion, with Hungarian taxpayers covering HUF 286 million of the invested amount as state contribution. The Hungarian timber industry, which employs 16,000 people, also set a record […]
The stock index of the Budapest Stock Exchange (BSE) rose on rising turnover, closing at 47,869.61 points on Friday, up 296.26 points or 0.62% from a week earlier, MTI reported Sunday morning along with a brief analysis of the week’s trading. Weekly turnover on the stock market was HUF 69.1 billion, up from HUF 37.3 […]
The new generation is the central theme of the MBH Bank Gourmet Festival, one of the most comprehensive events in Hungarian gastronomy, which takes place this weekend at the Millenáris event center in the Hungarian capital. According to the organizers, the core of the event remains the huge open-air "walking-tasting" with around a hundred exhibitors: […]
The new high-performance PET bottling production line of Szentkirályi Magyarország Ltd. has inaugurated this week. The HUF 2.8 billion investment was built in the first phase of the company's five-year development program. One of the key objectives of Szentkirályi Magyarország Ltd.'s HUF 10 billion development program, launched in 2022, is the transition to a circular […]
CA Immo is to liquidate its Hungarian interests, with 180,000 square meters of office buildings, including Bartók House and Millennium Towers, being put on the market. Earlier this week, Hungary was classified as a non-core market from a strategic point of view by the supervisory board of Austrian real estate company CA Immobilien Anlagen, which […]
In the town of Balatonfüred, on the northern shore of Lake Balaton, a hotel complex worth HUF 22.5 billion is being built in the city center, with the Le Méridien resort scheduled to open in spring 2025, project founder Richárd Szepesi said at a press conference in Balatonfüred on Friday. He said that in addition […]
Heading a delegation, the Speaker of the House of Representatives of Malta, Dr. Angelo Farrugia has paid a recent visit to Budapest this April. Diplomacy&Trade has caught up with him to discuss bilateral and European issues like economic relations, parliamentary diplomacy or the tackling of migration. The delegation of the Maltese House of Representatives arrived […]
DMG Mori Heitec Digital Kft. implements an ambitious R&D project worth over EUR 11.8 million that aims to develop a software platform thanks to which the entire production life cycle of machine tools is placed in the cloud. Over 20% of the investment costs are covered by Hungarian taxpayers according to a Hungarian government decision. […]
A resolution adopted by the European Parliament questions Hungary’s ability to fulfill the rotating EU presidency in a credible manner given the backsliding of rule of law in the country. Budapest dismissed the non-binding resolution as political pressuring and is convinced that the Hungarian presidency will take place as planned. Hungary is set to assume […]
In March 2023, the volume of Hungarian exports grew by 10% and that of imports by 1,6% compared to the same period of the previous year, the Central Statistical Office (KSH) has reported. The surplus of the external trade in goods was EUR 886 million, the balance improved by EUR 1.7 billion year-on-year. Compared to […]
The seasonally adjusted Purchasing Managers' Index (PMI) for May was 57.1 points, down from 61.9 points in April. Respondents reported a slowdown in expansion following the previous month's strong growth, the Hungarian Logistics, Purchasing and Stockholding Association (MLBKT) said on Thursday. The newly measured seasonally adjusted BMI index value is the third highest for the […]
Duna House Group`s revenue grew by 143% to HUF 9.4 billion and EBITDA increased by 47% to HUF 832 million in Q1 2023 compared to the previous year. Management believes that the current quarter was the low point of the market decline since mid-2022 and expects an improving trend in the Group’s core results in […]
The contract between the Angolan Ministry of Interior and the ANY Security Printing Company Plc. has entered into force, the Hungarian company has announced on the website of the Budapest Stock Exchange. The financing agreement between the Angolan Ministry of Finance and the Hungarian EXIM Bank was signed on May 31, 2023 in Luanda, thus […]
