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2023

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BUX Index Slightly Down This Week Amid Falling Turnover

D&T
Oct 29, 2023

The Budapest Stock Exchange (BSE) share index weakened slightly this week, with the BUX closing at 56,314.97 points on Friday, 0.04%, 23.53 points lower than a week earlier, MTI reported on Sunday morning along with a brief analysis. In the four-day trading week, the turnover of the stock market was HUF 35.84 billion, down from […]

E.ON Hungária Solar Farm for an Automotive Supplier

D&T
Oct 28, 2023

E.ON Hungária has installed a solar park for the Belgian automotive glass manufacturer AGC in Tatabánya-Környe Industrial Park, E.ON Hungária told MTI. The investment was made under a long-term power purchase agreement (PPA) with E.ON. It is the first agreement in Hungary under which an energy company has installed a solar power plant on the […]

Hungarian World Heritage Sites Added to Google Arts & Culture

D&T
Oct 27, 2023

World Heritage Sites in Hungary have been added to the Google Arts & Culture platform, where users can discover new places, attractions and works of art, as well as learn more about the world's most important historical events, Google's press office told MTI. They recalled that the Google Arts & Culture initiative was launched to […]

BMW Study Car Presented in Debrecen

D&T
Oct 27, 2023

After the entertainment electronics exhibition in Las Vegas earlier this year, the BMW Group is presenting its new study car in Debrecen, E Hungary. The BMW i Vision Dee will be on display for three days in the lobby of the Modem Modern and Contemporary Art Center. Réka Jenei, Communications Director of BMW Group Factory […]

Katalin Karikó in the National Inventors Hall of Fame

D&T
Oct 27, 2023

At the gala evening in the US capital, the Hungarian Nobel laureate was joined by fellow researcher Drew Weismann in receiving one of the most prestigious awards of the US innovation and patent profession, the Hall of Fame. In addition to them, some 10 other scientists and inventors have been recognized. The US-based Hungarian biochemist, […]

Continental's R&D Investments to Compete in AI Race

D&T
Oct 27, 2023

Not less than three new large-scale R&D projects have been announced by Continental to further strengthen its Hungarian operation. The investments worth EUR 47.6 million promises to create 280 new jobs in total thru 2024, and they are aimed at developing solutions in the realm of autonomous driving and automotive safety. Continental Group is present […]

Russia to Increase Gas Exports to Hungary Ahead of Winter

D&T
Oct 27, 2023

In the wake of a meeting between Hungarian Prime Minister Viktor Orbán and Russian President Vladimir Putin, Gazprom, the state-owned Russian energy giant, has announced its intentions to bolster natural gas shipments to EU-member Hungary. This decision has come at a time when the European Union (EU) is actively striving to reduce its dependency on […]

HUF 100 Bn Investment Starts at Dreher Breweries

D&T
Oct 26, 2023

Two owners of Dreher Breweries, Asahi Group Holdings and Asahi Europe & International, are launching a HUF 100 billion investment in the company, which will serve the company's ambitious heritage and sustainability goals in the next decade, in addition to increasing capacity and efficiency, the company told MTI on Thursday. According to the statement, the […]

Michelin Donates Medical Equipment to Hospital

D&T
Oct 26, 2023

Michelin Hungary is supporting Nyíregyháza Hospital in NE Hungary with two pieces of MICHELIN Airprone medical equipment to help care for patients in the intensive care unit. The MICHELIN Airprone, given the local county hospital Szabolcs-Szatmár-Bereg Vármegyei Oktatókórház, is a set of 7 air cushions designed for patients suffering from Acute Respiratory Distress Syndrome (ARDS) […]

Hungaropharma Expands Warehouse Capacity

D&T
Oct 26, 2023

With an investment of HUF 6.2 billion, the most modern pharmaceutical wholesale warehouse in Central and Eastern Europe has been built on 3,000 square meters as the automated high-bay warehouse of Hungaropharma Plc. has been inaugurated The third stage of Hungaropharma's Budapest Logistics Center is not only suitable for the logistics of its own stocks […]

Medicover About to Make a Big Splash

D&T
Oct 26, 2023

In a decision issued earlier this month, the Hungarian National Bank gave permission Medicover Egészségközpont Zrt. to set up its own non-life insurance company under the name Medicare Biztosító Zrt., the portfolio.hu financial portal reports. The largest private clinic in the Hungarian private healthcare market - whose insurance footprint has been the envy of competitors […]

Volánbusz Plans to Acquire 20 New Electric Buses

D&T
Oct 25, 2023

The national bus service provider Volánbusz expects to purchase 20 new electric buses next year as a continuation of the Green Bus program in six smaller towns, the company told MTI on Wednesday. It was recalled that HUMDA Hungarian Mobility Development Agency Plc. is continuing its Green Bus program aimed at renewing public transport and […]

Young Social Entrepreneurs for Sustainable Development

D&T
Oct 25, 2023

Achieving sustainable development requires global, whole-society collaboration, with a major role for innovative young people who are working together to find solutions to the most pressing problems of our time, according to a recent SAP press release. The Social Impact Award program, of which SAP is a global strategic partner, brings together these so-called "social […]

National Bank Cuts Base Rate by 75 Basis Points

D&T
Oct 24, 2023

The Monetary Council of the National Bank of Hungary (MNB) cut the base rate by 75 basis points to 12.25% at its interest rate decision meeting on Tuesday, and lowered the two sides of the interest rate corridor by the same amount. The Hungarian currency, the forint, immediately started to weaken. The MNB last raised […]

Rail Cargo Hungaria Transports Hungarian Grain to Africa

D&T
Oct 24, 2023

Rail Cargo Hungaria (RCH) has launched export shipments of Hungarian grain to Africa, with 14,000 tons of grain transported by rail to the port of Rijeka since the end of the harvest in August, mainly destined for Egypt and Tunisia, RCH told MTI on Tuesday. According to the information, in cooperation with the Croatian state […]

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