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September 2023

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Tokaj-Hegyalja, the Most Sustainable Destination

D&T
Sep 30, 2023

The northeastern region Tokaj-Hegyalja has been named the most sustainable destination in Hungary, according to a survey conducted by Innotime Hungary, with Hévíz coming second, Esztergom and the Danube Bend in third, Lake Balaton in fourth and Eger in fifth. According to the analysis sent to MTI by the company, which also provides tourism and […]

High Distinction for Kempinski Hotel Corvinus Budapest

D&T
Sep 30, 2023

Kempinski Hotel Corvinus Budapest was voted ‘Hungary’s Leading Luxury Hotel’ for the second time by the World Travel Awards. This latest distinction is a continuation of previous prestigious World Travel Awards, including Hungary’s Leading Business Hotel and Hungary’s Leading Hotel, in the past years. In addition, the hotel’s Corvinus Presidential Suite won the category of […]

Pick Szeged Plc. Increased its Profit in H1 2023

D&T
Sep 30, 2023

The food industry company Pick Szeged Plc. closed the first six months of 2023 with a profit after tax of HUF 4.932 billion, compared to HUF 4.846 billion in the same period of the previous year, the company said in its half-year report published on the website of the Budapest Stock Exchange (BSE). In the […]

ESSCA Budapest Campus Celebrates 30th Anniversary

D&T
Sep 29, 2023

A distinguished place on the Financial Times' list as being among the best management courses worldwide; the "Triple Crown" designation, the highest qualification of the profession; strong, humane values - all these characterize the institution of the ESSCA School of Management, which established its campus in Budapest thirty years ago. On the occasion of the […]

Increasing Turnover but Loss at Nestlé Hungária

D&T
Sep 29, 2023

Nestlé Hungária Ltd. closed the first half of this year with a loss of HUF 1.86 billion on rising turnover, following a profit after tax of HUF 1.48 billion in the same period last year, the company announced on the website of the Budapest Stock Exchange (BSE) on Friday. According to the report, the loss […]

Magyar Suzuki: 500,000th S-CROSS Completed in Esztergom

D&T
Sep 29, 2023

Magyar Suzuki has reached another milestone: the 500,000th S-CROSS model has rolled off the production line in Esztergom, the company told MTI on Friday. The model, which was completed on September 28, is a hybrid with automatic transmission. It was recalled that ten years ago, the Japanese automotive company presented and started production of the […]

Premium Automotive Supplier New Production Site in Miskolc

D&T
Sep 28, 2023

German-owned Meleghy Automotive implements a EUR 22.9 million investment in Miskolc with the aim of establishing production capacities in Hungary. Some 12% of the costs are borne by Hungarian taxpayers through a government decision. The project of the premium automotive supplier is said to create 55 new jobs. Meleghy & Cie Automotive GmbH can pride […]

Presenting International Music Stars in Hungary

D&T
Sep 28, 2023

Concerts by the Italian trio Il Volo or the musical theater performance ‘PIAF! The Show’ are just two of the events coming up in the Hungarian capital later this year and next year organized and promoted by the Budapest based agency Koncertpromo.hu. Its founder and managing director Roland Horváth spoke to Diplomacy&Trade about how his […]

Large-scale LEGO Capacity Expansion in Nyíregyháza

D&T
Sep 28, 2023

A EUR 138 million investment by Danish toy maker LEGO is set to bring about yet another round of development at the Nyíregyháza site of the company in NE Hungary. Some 8% of the investmens costs are borne by Hungarian taxpayers through a government decision. Given that packaging and storage capacities will be ramped up […]

Corvinus and ExxonMobil Sign Strategic Agreement

D&T
Sep 28, 2023

The Corvinus University of Budapest and ExxonMobil (EM) Hungary Ltd. have signed a strategic agreement, the university told MTI on Thursday. The main goal of the cooperation between the university and the Hungarian subsidiary of the energy company is to strengthen the relationship between education, research and the business sector in the interest of mutual […]

Erste Bank Hungary Reports Higher After-Tax Result

D&T
Sep 27, 2023

At the end of the first half of 2023, the Bank reported a profit after tax of HUF 47.1 billion, HUF 37.3 billion higher than in the first half of the previous year. The significant increase in pre-tax profit for the first half of the year was due to higher operating revenues and lower operating […]

New Solar Power Plant to Be Built in Kecskemét

D&T
Sep 27, 2023

MVM Green Generation Ltd., a member company of the MVM Group active in renewable energy production, will build a new solar power plant in Kecskemét by the end of the year with a total investment of nearly HUF 10 billion, it was announced in Kecskemét on Wednesday. László Gál, CEO of MVM Green Generation Ltd., […]

Sustainable Plate Made of Mycelium and Hemp

D&T
Sep 27, 2023

A plate made of mycelium and hemp is created in a sustainable way in Budapest by the Moholy-Nagy University of Art and Design (MOME) in cooperation with the Michelin-starred Salt restaurant. The new plate has been created in the course of their joint research on the way to a circular dining culture, which can be […]

Hungarian pálinka: PGI in the EU and Japan

D&T
Sep 27, 2023

Under the Economic Partnership Agreement between the European Union and Japan, 42 more EU and Japanese products have been added to the list of protected geographical indications (PGIs) in both regions, including Hungarian pálinka, the European Commission said on Wednesday. According to the Brussels statement, this is the third time that the list of geographical […]

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