The 2023 January-September results released by the ANY Security Printing Company Plc. says its net sales for 2023 amounted to HUF 44.0 billion, which is higher by HUF 8.9 billion (25%) than in the previous year. Changes in case of strategic product segments were as follows: sales of security products, solutions were HUF 23.0 billion, […]
Thanksgiving in America is a time of great tradition. The holiday originated from residents giving thanks to God after the harvest for blessing them with a good harvest. It has become a tradition that continues to this day: every fourth Thursday in November, a bountiful feast is served to give thanks, not only for the […]
After the electric heating boiler installed at its Sopron power plant, Alteo, an energy service and trading company, has integrated two more devices into its control centre, which allow the conversion of electricity produced from renewable energy sources into heat; the hot water produced by the boilers installed at the heating power plants in Kazincbarcika […]
Hungary's Prime Minister, Viktor Orbán, has raised concerns over Ukraine's readiness to join the European Union, hinting at a possible roadblock for the country's EU membership talks. This comes just two days after Brussels recommended the initiation of membership discussions, setting the stage for a potential clash at the upcoming EU leaders' meeting in mid-December. […]
The water of the well that feeds the Vadász Street sports center in District V in downtown Budapest has been certified as medicinal water, and the facility has protected its five-star swimming pool trademark, the district municipality informed MTI on Thursday. According to the announcement, the V.30 Downtown Sports Center, created by the municipality of […]
Chinese-owned Wasion, one of the leading global energy solution providers is investing over EUR 10.5 million to set up its new production site in Gödöllő, located in Pest county, Hungary, the Hungarian Investment Promotion Agency reports. The R&D and manufacturing base, close to 10% of which is paid for by Hungarian taxpayers through a government […]
Ericsson Hungary Ltd. has developed a new 5G-based location service, the development has received more than HUF 497 million in funding from the National Research, Development and Innovation Fund (NFKI), the company told MTI. According to the information, the project aimed to develop new location services related to 5G and the Internet of Things (IoT). […]
Tire manufacturer Hankook's third-quarter revenue and operating profit increased by 1.8% and 106%, respectively, compared to the same period last year, according to a company statement sent to MTI on Wednesday. Hankook supplies tires to about 40 global car brands worldwide through about 250 original equipment supply chains, including Audi, BMW, Mercedes-Benz, Porsche and Tesla. […]
PriceWaterhouseCoopers (PwC) is expanding in Eastern Hungary, the international financial and business consultancy firm is opening an office in Debrecen. PwC Hungary said on Wednesday that the company, which has been present in Hungary for more than 30 years, will help its clients in a number of specialized areas in addition to its three main […]
Businesses are not very optimistic about their prospects, which is also reflected in the fact that they are cutting back on their investment and employment plans, President of the German-Hungarian Chamber of Industry and Commerce (DUIHK), András Sávos, said on Wednesday at the presentation of the body's 2023 fall business survey. In the DUIK's survey, […]
Erste Bank Hungary Plc.'s operating profit increased from HUF 67.4 billion to HUF 150.4 billion in the first nine months of this year compared to the same period last year, the company told MTI on Wednesday. Profit after tax was HUF 89.9 billion, while the bank closed the first nine months of 2022 with a […]
According to research by K&H Bank, building partnerships with other companies can contribute to the success of businesses, and the bank would therefore encourage business partnerships to boost entrepreneurship and improve their prospects, K&H told MTI on Wednesday. According to their data, by September this year, the number of newly registered sole proprietorships had dropped […]
On the 150th anniversary of the unification of Pest, Buda and Óbuda, this Friday, the Budapest Transport Center (BKK) is offering a HUF 150 day ticket, the company told MTI. On Friday, a HUF 150 ticket will allow you to visit the permanent and temporary exhibitions of the Underground Railway Museum, and the party tram […]
Genesys, one of the world's leading artificial intelligence-based global cloud service providers, has opened a new research and development (R&D) center in Budapest, on a 3,000 square meter site in Eiffel Square, it was announced at a press conference on Thursday. The opening of the new R&D center in Budapest demonstrates Genesys' commitment to the […]
The Hungarian oil and gas company Mol is supporting the sustainable operation of the Csepel Center of the Hungarian Interchurch Aid (HIA) with a HUF 20 million solar park, the aid organization said at a press conference in Budapest on Tuesday. At the announcement, it was also emphasized that the relief organization aims to cover […]
