The Hungarian pharmaceutical company Gedeon Richter Plc. and the Dutch IQ Medical Ventures B.V. have announced on the website of the Budapest Stock Exchange that they signed a Share Purchase Agreement to transfer 100% of the shares of Giskit MD B.V. to Richter from Giskit Holding B.V., the affiliate of IQ Medical. Giskit MD B.V. […]
The Hungarian Startup University Program (HSUP) at the ELTE University in Budapest has come to an end: nearly 180 students participated in the program, the institutional HSUP team helped develop the ideas with several university programs, and potential investors are already negotiating with the best ones, the university informed MTI on Wednesday. The Hungarian Startup […]
All those who plan to buy a car in the next two years in Hungary would like to purchase an electric or hybrid vehicle. The majority of buyers are planning to choose a hybrid or fully electric model for their next car, according to an EY international survey of more than 15,000 consumers. Nine out […]
The 115-room, four-star Hampton by Hilton Hotel, the city's first international hotel, has been inaugurated in Marosvásárhely (Târgu Mures, Romania), co-financed by the Hungarian government. The investment in the Transylvanian city, initiated and carried out by the Multinvest Group and operated by the long-established Hilton Group, was 35% financed by the Pro Economica Foundation, which […]
Hungary is one of the largest exporters of game meat in Europe, according to a publication on the domestic market and consumption of game meat published by the Hungarian Chamber of Agriculture (NAK). Almost 90% of the 3,800 tons of the product processed in Hungary every year is exported abroad, mainly to Germany and Italy, […]
Almost 400,000 people visited Hungexpo Budapest Congress and Exhibition Center's events in the first half of the year, with several exhibitions breaking the previous record for the number of visitors, Hungexpo told MTI on Monday. The event organizer said that the record-breaking AGROmashEXPO at the beginning of the year attracted almost 44,000 visitors to the […]
The world's first energy drink entirely developed by A.I. (Artificial Intelligence) with HELL ENERGY has been born. Every element of the new flavor, its carefully selected ingredients, design and marketing tools were designed and tasted by A.I., the company says in a statement. A.I. is able to process the incredible amount of information and knowledge […]
Electric buses are being tested in Budapest once again: passengers can meet a solo vehicle on the e105 and e210 lines until August 3, and an articulated vehicle on the e8E line between July 21 and 29, the Budapest Transport Center (BKK) told MTI on Monday. According to the statement, these services will run as […]
Domestic electricity consumption rose this week to the highest level of the summer as a result of the heatwave, but the current levels are significantly lower than in previous years, the financial news website portfolio.hu reports. The peak could be broken again in the first half of next week with the arrival of another heatwave. […]
The stock index of the Budapest Stock Exchange (BSE) strengthened this week, with a significant increase in turnover. The BUX closed at 51,854.65 points on Friday, 3.93% higher than a week earlier, MTI reported this Sunday, along with an analysis of the week’s trading. The weekly turnover of the stock market was HUF 49.09 billion, […]
Tens of thousands of people – participants of this year's Budapest Pride – celebrated diversity by marching from the City Park towards the downtown area of Budapest and back to the City Park this Saturday afternoon. Their cause was supported by a statement signed by dozens of embassies and foreign cultural institutes. The march featured […]
Szeplast Plc., a manufacturer of PVC granulates and powder mixtures, is expanding its production capacity and product range with an investment of more than HUF 1.3 billion with EU support, the company informed MTI. According to the press release, HUF 632 million of the HUF 1.386 billion project, which will be completed by the fall […]
A high-tech slaughterhouse and processing plant is being built in Görbeháza, NE Hungary. It is crucial for the fulfilment of the agreement signed with Singapore in April and Japan in May this year for the export of large quantities of Hungarian pigeon meat. According to a statement from the Hungarian Ministry of Agriculture, this will […]
The ‘Lidl for Hungarian Suppliers’ program has been successful, the supermarket chain informed Portfolio. The essence of the program is to distribute food products of Hungarian manufacturers and suppliers in foreign supermarkets. As published on portfolio.hu, Hungarian dairy producers sold milk and dairy products worth nearly HUF 16 billion in the chain's foreign stores in […]
Assets under management in investment funds increased by 7.9% to HUF 11,351 billion in June, the Hungarian Association of Investment Fund Managers and Asset Managers (Bamosz) told MTI on Friday. Money market funds received HUF 115 billion in capital, which is a large amount compared to the net asset value, and accordingly, the assets of […]
