The first half of 2023 has been a strong period for Budapest Airport in all respects: the series of developments worth more than 100 billion HUF over the past 4.5 years and the outstanding quality of the airport ecosystem have been confirmed by numerous awards based on passenger feedback and the assessment of the airport […]
Among other things, the international performers of the Love Revolution Special program will reflect on the environment, human rights, equality and the importance of peace on the Sziget Main Stage this year. Every day, ten minutes of presentations and short speeches will raise awareness of the social changes taking place around us and the collective […]
Hungarians' travel mood is unbroken, the favorable weather of the past few weeks has stimulated the booking mood, which was also reflected in the July saturation and had an impact on August bookings. Based on the latest data by the online accommodation intermediary Szallas.hu, the summer booking volume received so far is 19% below last […]
Aldi made a big step in the ranking of Hungarian retail chains last year and managed to lure many customers away from other discounters besides hypermarkets and supermarkets, portfolio.hu financial portal reports. The price freeze was a big loss for them as well, but they are continuing to develop their domestic operations and are also […]
Industrial producer prices were higher by 6.4% on average in June 2023 compared to one year earlier. Domestic output prices were up by 29.8% and non-domestic output prices lessened by 5.0%. The large difference was primarily due to the domestic output prices of energy industry – producing goods basically for the domestic market, within which […]
The stock index of the Budapest Stock Exchange (BSE) rose this week amid declining turnover, closing at 53,339.84 points on Friday, 64.33 points or 0.12% lower than a week earlier, MTI reports along with a brief analysis of the week’s trading… The stock market's weekly turnover was HUF 41.61 billion, up from HUF 56.15 billion […]
Due to several recent events, the state of the Hungarian railways has once again come to the forefront of public interest, so it is worth examining the issue from an international perspective, the financial portal portfolio.hu writes. The OECD has statistics on investment in the segment and the main infrastructure indicators for a number of […]
The European Commission says it has approved a EUR 2.36 billion (approximately HUF 880 billion) Hungarian scheme for accelerated investments in strategic sectors to foster the transition towards a net-zero economy, in line with the Green Deal Industrial Plan. The scheme was approved under the State aid Temporary Crisis and Transition Framework, adopted by the […]
All over the world, tax havens are causing massive losses to countries' budgets. The tax avoidance practices of corporations are costing USD hundreds of billions in lost revenue, but the flight of individuals' offshore assets is also causing massive losses. Hungary is a tax haven for companies, but the wealthiest have saved nearly 5% of […]
The emergence of artificial intelligence (AI) has become an unstoppable force, revolutionizing industries and transforming workplaces across the globe. The demand for AI-powered projects and solutions is growing at an unprecedented rate, and it is becoming evident that harnessing the true potential of AI requires more than just skilled software developers. From managers to entry-level […]
Following the largest order ever received by the Hungarian transport industry, a wide-ranging Hungarian-Egyptian railway vehicle manufacturing cooperation could be launched in the future, taking advantage of the market opportunities in Africa, the Minister of Foreign Affairs and Trade said in Budapest on Thursday. According to a statement by the Ministry of Foreign Affairs and […]
OMV Petrom, the largest integrated energy company in South-East Europe, has announced a project that will connect the region with a network of ultra-fast charging stations for electric cars along the Trans-European Transport Network (TEN-T), the company said in a statement. The project, which has received approval for a European funding contract with the European […]
The Hungarian EV ecosystem is going to be enriched by yet another battery manufacturer that is ranked top 10 in the world, according to the Hungarian Investment Promotion Agency (HIPA). The announcement by Sunwoda of an initial investment of EUR 245 million marks a new chapter in the history of the Chinese firm to set […]
The winners of Generali's sustainability competition have been announced, with the jury selecting the best projects from more than 120. In its Wednesday press release, Generali Insurance recalled that in order to support the stability and efficiency of small and medium-sized enterprises (SMEs) and their transition to sustainable operations, the Generali Group launched the EnterPrize […]
The number of MOL Bubi bike trips has exceeded six million, the Budapest Transport Center (BKK) told MTI on Wednesday. They wrote that the capital's residents have doubled the number of MOL Bubi trips in less than a year. They said that in the past year, the system added around 800 bicycles, new stations were […]
