In a decision issued earlier this month, the Hungarian National Bank gave permission Medicover Egészségközpont Zrt. to set up its own non-life insurance company under the name Medicare Biztosító Zrt., the portfolio.hu financial portal reports. The largest private clinic in the Hungarian private healthcare market - whose insurance footprint has been the envy of competitors […]
The national bus service provider Volánbusz expects to purchase 20 new electric buses next year as a continuation of the Green Bus program in six smaller towns, the company told MTI on Wednesday. It was recalled that HUMDA Hungarian Mobility Development Agency Plc. is continuing its Green Bus program aimed at renewing public transport and […]
Achieving sustainable development requires global, whole-society collaboration, with a major role for innovative young people who are working together to find solutions to the most pressing problems of our time, according to a recent SAP press release. The Social Impact Award program, of which SAP is a global strategic partner, brings together these so-called "social […]
The Monetary Council of the National Bank of Hungary (MNB) cut the base rate by 75 basis points to 12.25% at its interest rate decision meeting on Tuesday, and lowered the two sides of the interest rate corridor by the same amount. The Hungarian currency, the forint, immediately started to weaken. The MNB last raised […]
Rail Cargo Hungaria (RCH) has launched export shipments of Hungarian grain to Africa, with 14,000 tons of grain transported by rail to the port of Rijeka since the end of the harvest in August, mainly destined for Egypt and Tunisia, RCH told MTI on Tuesday. According to the information, in cooperation with the Croatian state […]
Hungary's first McDonald's has reopened in Régiposta street in downtown Budapest, renewed in almost all its elements, the financial portal portfolio.hu reported, citing a company statement. The renovation of the iconic McDonald's restaurant has used a number of unique solutions for the restaurant chain, including elements made of real, natural building materials. The interior walls […]
The stock index of the Budapest Stock Exchange (BSE) rose on the week, closing at 56,338.50 points on Friday, up 0.73% to 408.81 points from a week earlier, MTI reported this Sunday morning, along a brief analysis of the week’s trading. The stock market's weekly turnover was HUF 47.32 billion, up from HUF 39.33 billion […]
Domestic gas consumption fell by 15.7% in the first three quarters of 2023 compared to the same period last year. From January to September, 1.07 billion cubic metres less natural gas was consumed, with the economy and households accounting for roughly two-thirds to one-third of the savings. The reduction in electricity was 7% in the […]
For the first time, a Hungarian program has won the Global Sustainability Grand Prize at the Golden World Awards, becoming the best education campaign in the world in 2023 to support the UN Sustainable Development Goals, the Pressinform communications agency that launched the program told MTI in a statement. They pointed out that the ‘Bee […]
The new business hotel of the Radisson hotel group has opened its doors in the vicinity of the Kopaszi Dam, on in the Budapart area. With nearly 200 rooms, the hotel features a conference venue, sky bar and an Asian fusion restaurant. The more than 11,000-square-meter complex offers 198 rooms, including 174 standard rooms and […]
Russian President Vladimir Putin and Hungarian Prime Minister Viktor Orbán have underlined their commitment to bilateral relations amidst escalating international tensions stemming from the ongoing conflict in Ukraine. This reaffirmation of ties occurred during their recent encounter at an international forum held in China. Viktor Orbán became the first European Union leader to publicly shake […]
BÁV Plc. (a major player in Hungarian pawnbroking and art trade) celebrates its 250th birthday with an anniversary exhibition entitled ‘250 Years of BÁV’ at the BÁV Art Auction House and Gallery in Budapest. The unusual exhibition is on display until November 12. The exhibition features 250 exceptional works of art, paintings, jewelry and furniture, […]
Hungarian-owned Aeroplex Central European Aircraft Technical Center Ltd. is building an aircraft equipment repair center in Maglód, near Ferenc Liszt International Airport, the company told MTI on Thursday. The almost 7,000-square-meter plant will cost about HUF 2 billion and create 120 jobs. The company will cover the costs entirely from its own resources. The center, […]
The AutoWallis Group is introducing a new brand to launch its own mobility service brand called wigo. Under the new brand, AutoWallis’s first service is wigo carsharing, which is being launched by former Share Now operator Wallis Autómegosztó. According to a statement by AutoWallis on the website of the Budapest Stock Exchange, clients of the […]
Doktor24 Medicina Plc. announced in a statement published on the website of the Budapest Stock Exchange on Wednesday that the company's general meeting decided on a private share capital increase. Following the capital increase, a new investment company, Egészségügyi Befektetési Holding, owned by the Futó family, became the new majority shareholder. As the financial news […]
