The renovated Lánchíd (‘Chain Bridge’) was inaugurated on Friday, opening it to pedestrians. Budapest Mayor Gergely Karácsony said at the inauguration that the renovation of the bridge was completed on time and within budget. The Mayor said that the Chain Bridge is not just an artefact, a bridge, but a symbol of unity and togetherness. […]
The Hungarian oil and gas company MOL Group announced its financial results for Q2 and H1 2023 on the website of the Budapest Stock Exchange. In the first six months of the year, the Group delivered USD 1,125mn EBITDA while in Q2, the EBITDA reached USD 411mn. Both Downstream and Upstream results were hit by […]
In the second quarter of this year, Gedeon RichterPlc. achieved a profit after tax of HUF 30.0 billion, 61.1% below the same period last year, in line with analysts' expectations, the pharmaceutical company announced on the website of the Budapest Stock Exchange (BSE) on Friday. Total revenue for the quarter was HUF 203.78 billion, up […]
The week of the Sziget Festival is the busiest time for flights to Hungary, according to booking data collected up to July 28 this year, the business news portal Napi.hu points out. Booking data submitted via Kiwi.com, the Czech travel technology company's web platform, shows that, as in 2022, the United Kingdom will be the […]
The United States tightened visa-free access for Hungarians to its territory amid security concerns stemming from the policies of the Hungarian government. Washington’s move comes after several previous threats that it will limit travel opportunities for Hungarian citizens. Bilateral relations between the United States and Hungary took a turn for the worse after Washington announced […]
From August 1, 2023, Aegon Hungary General Insurance Plc. will continue its activities under the name Alfa Vienna Insurance Group Plc. According to the information published on the company's website, the name change does not imply any change in the company's operations, products and obligations. Customers are not affected by the name change and have […]
The AutoWallis Group is expanding its services portfolio in one of the mobility market’s most dynamically growing areas, after acquiring ownership of the company (Wallis Autómegosztó Plc.) that operates Share Now in Hungary. As one of the most significant vehicle share service providers on the market, Share Now plans to continue dynamic growth with the […]
The Continental Tobacco Group is starting this year's tobacco harvest season with a positive outlook and expects an above-average harvest, the group told MTI on Thursday. According to the information, the group's tobacco cultivation member Dofer Tobacco Fermenting Ltd. has contracted for 1,005 hectares of tobacco cultivation, 8% more than last year. The planting of […]
Inflation has led to a drop in demand for spirits both at home and in Zwack Unicum's largest export markets, while raw material prices and personnel costs have skyrocketed, the company said in its quarterly report on the website of the Budapest Stock Exchange. The company's gross sales fell by 10.9% to HUF 8.9 billion […]
The number of tourist arrivals increased by 3.8%, while that of tourism nights diminished by 0.8% compared to June 2022, the Central Statistical Office reports. In June 2023, 1.6 million guests spent 4.0 million tourism nights at tourist accommodation establishments (commercial, private and other accommodation establishments) in Hungary. The number of guests was 3.8% higher […]
After a slowdown last year, the growth of assets under management at domestic private banking service providers has picked up again this year, exceeding HUF 8,600 billion by the end of June. However, the growth of customer accounts does not show such a positive picture. Domestic providers remain pessimistic about the risks to private banking […]
Cirque du Sziget, one of the most popular venues of the Szitizens, will be back in its usual place, but with more and more colourful offerings if possible. From early afternoon until late at night, the 1,000-seat large circus tent and the outdoor venues will be filled with a constant succession of exciting performances. The […]
In a further step towards greener industry and a greener economy, the Hungarian government would rationalize the installation of solar panels in parking lots, the Ministry of Economic Development (GFM) told MTI on Tuesday. According to the statement, the Ministry will launch a public consultation on the installation of solar panels in parking lots, which […]
The volume of Hungarian exports increased by 3.9% in May 2023, while that of the country's imports decreased by 1.3% compared to the same period of the previous year. The surplus was EUR 1.1 billion, the balance improved by EUR 1.4 billion year-on-year, the Central Statistical Office reported on Monday. Compared to April, the seasonally […]
The sizes of the largest music venues at this year's Sziget are remarkable: the Main Stage of Sziget has an area of over 1,000 m², the Samsung Party Arena's seating area is 4,000 m², the FreeDome presented by Mastercard tent has a capacity of over 10,000 people, while the TicketSwap Colosseum is built from 3,000 […]
