Business service centers play an unquestionable role in maintaining the competitiveness of the Hungarian economy, István Joó, Government Commissioner and CEO of the National Investment Promotion Agency (HIPA) said at the organization’s Business Services Hungary 2023 conference in Budapest on Thursday. The government commissioner stated that there are already more than 200 business service centers […]
The Hungarian Tire Association (HTA), founded in 2011 by seven international tire manufacturers with manufacturing capacity and representation in Hungary, has published an interview on its website with the Managing Director of Michelin Hungária, Dr. Attila Nemes who says that they aim to produce 100% of their tires from bio-based, renewable or recyclable materials by […]
The implementation agreement of the Swiss-Hungarian Cooperation Program was officially signed in Budapest this Wednesday. The Ambassador of the Swiss Confederation to Hungary, Jean-Francios Paroz, emphasized at the signing ceremony that the main objective of the program is to promote career guidance and project-based learning in Hungarian vocational training. High-quality vocational training meets the needs […]
Within three years, the Market group will be the first in the construction industry in Hungary to switch to sustainable corporate operations, which, according to plans, will reduce direct and indirect costs by 30% within two years compared to 2019 emissions of greenhouse gases. This is revealed in the second voluntary sustainability report of the […]
One of the world's largest logistics companies is moving its domestic operations to Páty, just southwest of the Hungarian capital. DHL Supply Chain 2024, part of the DHL Group, will take possession of its 20,000-square-meter rental property in the 58,000-square-meter HelloParks Páty megapark building at the beginning of next January. DHL Supply Chain will occupy […]
The Hungarian banking system remains stable and its resilience to shocks is strong. Profitability is remarkably high, with interest income on central bank deposits as a significant contributing factor, the National Bank of Hungary (MNB) says in a statement on its website. Deposits by households and non-bank financial institutions in the banking system declined, although […]
Budapest has a new restaurant, VIRTU, opened on top of the country's tallest building. Located on the 28th floor of the MOL Campus, this top gastronomic spot not only takes the location and appearance to the highest level, but also offers the best of domestic and regional cuisine in excellent quality, according to a press […]
Hungary's most prominent motor show in history opens its doors to the public and is guaranteed to write a new chapter in the history of Hungarian motoring, according to the organizers. Open all year round, the event offers an exceptionally rich and diverse collection that sheds unprecedented light on the diversity of the automotive industry, […]
Experts say there is clear evidence that there is still demand for energy-efficient, modern buildings. The keyword is traceable energy use, says the financial portal portfolio.hu. The BRF (Budapest Real Estate Consultants Forum) has published its office market summary for the third quarter of 2023, which shows that the total modern office stock in Budapest […]
The stock index of the Budapest Stock Exchange (BSE) fell this week, closing at 56,091.37 points on Friday, 919.38 points or 1.61% lower than a week earlier, MTI reported Sunday morning. The weekly turnover of the stock market was HUF 34.75 billion, down from HUF 35.45 billion the previous week, with leading shares weakening. According […]
Monterock International has been granted a licence to operate the Five Guys restaurant chain in Central and Eastern Europe, including Hungary. As the Parameter news portal writes, Monterock International has been granted the right to operate the Five Guys restaurant chain in Central and Eastern Europe. The company announced that it will initially take over […]
Deloitte Central Europe's Technology Fast 50 2023 program, which rewards the most dynamic technology companies, received more than 400 applications from 16 Central European countries – as part of the program, five Hungarian companies were included in the list of companies ranking emerging young companies and those with outstanding social impact, the audit and tax […]
As a complex system, the circular economy is associated with efficient tools for addressing climate change, biodiversity, and ESG issues. This key message was at the forefront of the sixth Circular Economy Summit, which took place on November 23, 2023, attracting close to 150 participants and significant interest. During the event, the ‘The Tulip Award […]
Hungary's ruling Fidesz party, led by Prime Minister Viktor Orbán, has presented a bill to Parliament aimed at safeguarding the nation from what it perceives as unwarranted political interference by foreign entities. This legislative initiative underscores Orbán's commitment to positioning himself as a staunch defender of Hungary's sovereignty and interests. The proposed bill on "protecting […]
The eastern Hungarian city's second Interspar store has been built in the vicinity of Debrecen's dynamically developing southern industrial zone; the hypermarket with a floor area of 2,600 square metres was completed with an investment of HUF 3 billion, Spar Hungary told MTI on Thursday. The new store will meet the needs of both regular […]
