Thanks to a EUR 59.6 million investment BorgWarner takes its Hungarian operation to the next level in Oroszlány, Hungary. The American automotive supplier will add new products to its portfolio to serve demand in the hybrid and electric drivetrain segment. According to a government decision, Hungarian taxpayers cover over a fifth of the investment costs […]
The Hungarian pharmaceutical company Gedeon Richter Plc. has announced on the website of the Budapest Stock Exchange that it expanded its partnership with Mithra Pharmaceuticals SA with a binding Head of Terms (HoT) agreement for the development and commercialization of the first estetrolbased combined oral contraceptive (15 mg estetrol (E4) / 3 mg drospirenone) and […]
In line with its commitment to sustainability and climate protection, the store chain is starting to transform its fleet with four electric and six LNG vehicles. This also means that Lidl has the largest fleet of alternative propulsion vehicles for in-store delivery of goods among the domestic grocery chains. For Lidl, as a responsible company, […]
The stock index of the Budapest Stock Exchange (BSE) strengthened this week, closing at 58,010.99 points on Friday, up 1,919.62 points or 3.42% from a week earlier, MTI reported Sunday morning. The weekly turnover of the stock market was HUF 66.37 billion, up from HUF 34.75 billion the previous week, with the leading stocks, except […]
The Austrian multinational integrated oil, gas and petrochemical company OMV has installed new electric chargers – one on the Buda side of the Hungarian capital and one in the northwestern part of the city of Szeged in SE Hungary. The devices are ultra-fast chargers with a total capacity of 250 kilowatts (kW), with two charging […]
The Finnish Santa Claus, Joulupukki is visiting Hungary again this year at the invitation of the Santa Claus Factory, attending celebrations this time in several towns in the countryside as well. The Santa Claus Factory Foundation said in a statement to MTI that one of the tasks of the guest from the Arctic Circle this […]
While third-quarter GDP data surprised on the upside, the underlying weaknesses of the Hungarian economy will mar the 2024 economic rebound, according to a report by BMI, a Fitch Solutions company. A challenging external environment and a tight fiscal position all point in the direction of suboptimal growth next year. In the third quarter of […]
