The reconstruction of the Matild Palace building won first prize in the Hotel category, the second prize in the overall competition and the third prize as the Best Project voted by the participants. The hotel has thus won the right to participate in the international round of the competition and to represent our country in […]
Korean-owned Hankook Tire invests nearly EUR 540 million to extend its plant in Rácalmás, located in Fejér County, the Hungarian Invesment Promotion Agency reports. According to MTI, the government is providing taxpayers' money for the project, the amount of which will be disclosed only after the European Commission's approval. Currently operating in over 160 countries, […]
The commissioning of around one hundred new autonomous cleaning robots developed in-house has begun as a result of the work of B+N Reference Plc.'s team of Hungarian engineers. Members of the previous series have been proving their worth for years at Budapest's Liszt Ferenc International Airport, in the capital's metro stations, among others, and are […]
The Hungarian Development Bank (MFB) and the European Investment Bank (EIB) signed a financing agreement in Luxembourg on supporting projects aimed at increasing energy efficiency and the use of renewable energy sources, i.e. supporting the green transition, MFB announced on Wednesday. The EUR 100 million EIB loan will enable MFB to provide a wide range […]
At its meeting this Tuesday, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided to lower the central bank base rate, with effect from November 22, 2023 by 75 basis points from 12.25% to 11.50%. By the evening, the Hungarian currency, the forint (HUF) weakened […]
Corvinus International Investment Plc., a 100% Hungarian state-owned company, and Vienna Insurance Group (VIG) have signed an agreement to reduce the state's minority stake in the Hungarian VIG companies from 45% to 10%, the Ministry of Economic Development (GFM) announced in a statement on Tuesday. The statement said that the Hungarian state, as a minority […]
The first ever Euro-based share issuance on the Budapest Stock Exchange (BSE) has successfully been concluded. Through an initial public offering (IPO), Shopper Park Plus raised a total of 37.2 million Euros in capital, placing its shares into the BSE Premium Category, the stock exchange website reports. Shopper Park Plus manages a significant retail real […]
Hungary and Turkey are celebrating the 100th anniversary of the establishment of the Republic of Turkey and the establishment of Hungarian-Turkish diplomatic relations with a year-long Hungarian-Turkish cultural season in both countries starting on December 18, MTI reported this Monday. The Minister of Culture, János Csák was of the view that the aim of the […]
Yettel has become the first company in Hungary – and in the world – to launch its 'standalone' 5G technology, the most advanced of the 5G network, the company told MTI on Monday. It said that while the currently deployed 5G networks still rely on 4G to build the connection, the newly launched standalone 5G […]
In the run-up to the festive shopping season, Mastercard has launched a Green Friday campaign with its partners to raise awareness of conscious spending and environmentally conscious shopping. According to a statement sent by Mastercard to MTI on Monday, Magyar Cetelem Bank, Gránit Bank, OTP Bank, Magnet Bank, MBH Bank and Raiffeisen Bank joined the […]
After the summer trial run, the Four Points by Sheraton Budapest Danube hotel in Újlipótváros (in District 13) has been officially inaugurated, the first unit of the Marriott International hotel chain's special brand in Budapest, according to Polat Holding, the investor of the Duna Pearl real estate development. The Duna Pearl is a multifunctional real […]
The Budapest Stock Exchange's (BSE) share index, the BUX, fell by 519.20 points, or 0.90%, compared with the previous week's close, to 57,010.75 points, MTI reported Sunday morning along with a brief analysis. Total turnover rose from HUF 34.774 billion to HUF 35.452 billion. Despite the positive international investor sentiment, the BUX's rise stalled at […]
The Hungarian Wine Marketing Agency will promote Hungarian wines at Christmas fairs in the capital for six weeks, the agency told MTI. The Hungarian Wine Marketing Agency (MBÜ), as an ambassador of excellent Hungarian wines, will offer a number of opportunities to get to know and taste the most outstanding Hungarian products this year. This […]
Chinese-owned Evoring Ltd., a Shuanghuan Driveline company, invests EUR 104.4 million to set up a new plant in Jászfényszaru, E Hungary. The facility now broke ground where gears and shafts for EVs will be produced. The investment, some 18% of which is paid for Hungarian taxpayers, promises to create 450 jobs. Shuanghuan Driveline manufactures gears […]
Today's Budapest was created on November 17, 1873. On January 1, 1873, Pest, Buda and Óbuda were united under the name of Budapest. On November 17, the new municipality took over the administration of the unified capital. On January 1, 1950, the municipalities around Budapest were annexed to form the so-called Greater Budapest, the population […]
