In the summer season between April and September 2023, Wizz Air carried a record 33 million passengers on its flights, a 24% increase compared to the same period last year, the airline told MTI on Tuesday. According to the information, the most popular destinations this year were again seaside holiday resorts and historic cities with […]
Alteo Group reported a consolidated net profit of HUF 11.3 billion in the first nine months of the year, an increase of 1% compared to the same period last year, the company said on Monday on the website of the Budapest Stock Exchange. Consolidated earnings before interest, tax, depreciation and amortization (consolidated EBITDA) reached HUF […]
From Friday this week until the dawn of the New Year, the Christmas Market will again be open to everyone in one of the most beautiful locations of Budapest, in downtown Vörösmarty Square. That is where organizers invite people to celebrate the most beautiful holiday of the year under the name 'Vörösmarty Classic Xmas'. The […]
The Budapest Stock Exchange (BSE) share index, the BUX, rose by 192.31 points, or 0.34%, to 57,529.95 points compared with the close of last week, MTI reported Sunday morning along with a brief analysis of the week. Total turnover rose from HUF 29.234 billion to HUF 34.774 billion. Three of the BSE's four leading stocks […]
It was ten years ago in the fall of 2013 that OMV Hungária and SPAR Hungary opened the first OMV Spar express in Budapest, at the gas station on Fehérvári út, in the capital’s District 11. Currently, there are 87 Spar express stores nationwide in Hungary, and approximately 20 million people shop at the stores […]
Budget airliner Wizz Air made an operating profit of EUR 522.9 million in the six months to September 30, compared with a loss of EUR 63.8 million a year earlier. In six months, 33 million passengers were carried, compared with 26.5 million a year earlier. An important factor in the improved results was that while […]
The Japanese company Denso has launched the production of inverters in Székesfehérvár, southwest of Budapest, where the EUR 30 million (HUF 11.5 billion) investment will be used to manufacture one of the most important units for electric cars. Jiro Ebihara, former president of Denso Manufacturing Hungary Ltd., said in a video message during the press […]
Erste Group Bank AG is buying back the 15 % share of its Hungarian subsidiary, Erste Bank Hungary Plc. (EBH), currently held by the Hungarian state-owned Corvinus International Investments Plc, EBH has announced on the website of the Budapest Stock Exchange. The transaction, which is set to close in November, values that stake at HUF […]
A fundraiser for needy families and children with autism, among others, will be held at this year's Diplomatic Fair on November 19 at the Bálna Defense Center in Budapest. All proceeds from the 12th Diplomatic Charity Fair will be donated to the Together for Autistic People Foundation, the Magic Lamp Foundation and the SOS Children's […]
After experiencing a surplus in the previous month, Hungary faced a significant monthly budget deficit in October, surpassing the government's initial target and intensifying concerns about the nation's financial stability. The shortfall signals challenges for the cash-strapped Cabinet that is desperately seeking EU funds, that remain suspended by Brussels due to ongoing concerns related to […]
The winner of the third edition of the Atlas Award is Giacomo Pedranzini, who showcases exemplary commitment to Ethics, Sustainability and Creativity, which are the core values behind the Atlas Award and the Atlas World community, the organizers say in a statement. He was already a member of the Atlas World community and he was […]
WLP and RaktárAD, a Belgian-Hungarian-owned company group known for building state of the art warehouses in Europe, launched its third investment in Hungary in Vecsés in 2023. The Canadian-based Magna International Incorporation as a client occupies the largest area in the group's environmentally friendly logistics park. The automotive parts supplier, which is present in almost […]
A HUF 62 billion tender for the construction of industrial electricity storage facilities will be launched from January, with non-refundable subsidies and revenue compensation, Gábor Czepek, the Minister of State for Public Administration of the Ministry of Energy (EM) announced on Thursday at the Energy Forum series in Komárom, NW of Budapest. He said the […]
"Educating the heart is as much as important as educating the mind," Rodney Irwin, the COO of the World Business Council for Sustainable Development (WBCSD) said at the Jubilee Event where approximately 100 alumni members, mentors, and experts celebrated the 10th anniversary of the BCSDH Future Leaders Talent Program. He spoke about the importance of […]
For the fourth year in a row, Provident Financial Ltd., the Magic Lamp Foundation and the Ludwig and Mentesi Ltd., operators of the Jókenyér bakeries, are holding their traditional Christmas preparation initiative. This November and December, children recovering in the Gottsegen György National Cardiovascular Institute will receive baked goods from three shops with the help […]
