RÁBA Automotive Holding Plc. has informed the participants of capital markets on the website of the Budapest Stock Exchange that on October 31, 2023, a Memorandum of Understanding was signed by RÁBA Plc. and Nurol Makina, “an internationally significant Turkish defense company,” with the purpose of considering the establishment of a joint venture for joint […]
The BMW Group's iFactory plans are well on track, achieving a major milestone with the inauguration of the Training Center—a facility constructed on-site as part of the ongoing over EUR 2 billion project. With cutting-edge infrastructure at its disposal, the nearly 6,500-square-meter facility allows the BMW Group Plant Debrecen in eastern Hungary employees and those […]
AiMotive Informatikai Ltd., that has been a Stellantis member company since last year, has embarked on a EUR 55 million R&D project to develop an artificial intelligence platform that will provide Level 3 self-driving capabilities for all car models produced by the group. A quarter of the investment cost is borne by Hungarian taxpayers due […]
Hungarian companies are becoming more future-conscious, but their motivation is different from that of foreign companies, according to a recent survey conducted by Siemens Plc. More than half of the surveyed companies have a sustainability system or policy. Four out of five industrial companies in Hungary use the help of a sustainability expert to achieve […]
The vacancy rate in the domestic commercial real estate market rose in the first half of the year, while the stock of real estate is set to expand. Hybrid working is not good for the market either. The first half of the year saw rising vacancy rates in the office and industrial-logistics markets, while ongoing […]
The Budapest Stock Exchange (BSE) share index weakened slightly this week, with the BUX closing at 56,314.97 points on Friday, 0.04%, 23.53 points lower than a week earlier, MTI reported on Sunday morning along with a brief analysis. In the four-day trading week, the turnover of the stock market was HUF 35.84 billion, down from […]
E.ON Hungária has installed a solar park for the Belgian automotive glass manufacturer AGC in Tatabánya-Környe Industrial Park, E.ON Hungária told MTI. The investment was made under a long-term power purchase agreement (PPA) with E.ON. It is the first agreement in Hungary under which an energy company has installed a solar power plant on the […]
World Heritage Sites in Hungary have been added to the Google Arts & Culture platform, where users can discover new places, attractions and works of art, as well as learn more about the world's most important historical events, Google's press office told MTI. They recalled that the Google Arts & Culture initiative was launched to […]
After the entertainment electronics exhibition in Las Vegas earlier this year, the BMW Group is presenting its new study car in Debrecen, E Hungary. The BMW i Vision Dee will be on display for three days in the lobby of the Modem Modern and Contemporary Art Center. Réka Jenei, Communications Director of BMW Group Factory […]
At the gala evening in the US capital, the Hungarian Nobel laureate was joined by fellow researcher Drew Weismann in receiving one of the most prestigious awards of the US innovation and patent profession, the Hall of Fame. In addition to them, some 10 other scientists and inventors have been recognized. The US-based Hungarian biochemist, […]
Not less than three new large-scale R&D projects have been announced by Continental to further strengthen its Hungarian operation. The investments worth EUR 47.6 million promises to create 280 new jobs in total thru 2024, and they are aimed at developing solutions in the realm of autonomous driving and automotive safety. Continental Group is present […]
In the wake of a meeting between Hungarian Prime Minister Viktor Orbán and Russian President Vladimir Putin, Gazprom, the state-owned Russian energy giant, has announced its intentions to bolster natural gas shipments to EU-member Hungary. This decision has come at a time when the European Union (EU) is actively striving to reduce its dependency on […]
Two owners of Dreher Breweries, Asahi Group Holdings and Asahi Europe & International, are launching a HUF 100 billion investment in the company, which will serve the company's ambitious heritage and sustainability goals in the next decade, in addition to increasing capacity and efficiency, the company told MTI on Thursday. According to the statement, the […]
Michelin Hungary is supporting Nyíregyháza Hospital in NE Hungary with two pieces of MICHELIN Airprone medical equipment to help care for patients in the intensive care unit. The MICHELIN Airprone, given the local county hospital Szabolcs-Szatmár-Bereg Vármegyei Oktatókórház, is a set of 7 air cushions designed for patients suffering from Acute Respiratory Distress Syndrome (ARDS) […]
With an investment of HUF 6.2 billion, the most modern pharmaceutical wholesale warehouse in Central and Eastern Europe has been built on 3,000 square meters as the automated high-bay warehouse of Hungaropharma Plc. has been inaugurated The third stage of Hungaropharma's Budapest Logistics Center is not only suitable for the logistics of its own stocks […]
