With its decision on Tuesday, the Monetary Council of the National Bank of Hungary (MNB) locked the overnight deposit rate and the base rate at 13%, and from Wednesday, the base rate will be the MNB's effective interest rate, with the overnight deposit rate to be phased out from October. This will mark the end […]
Rail Cargo Hungaria (RCH) has started to deliver sugar beet to the Kaposvár factory of Magyar Cukor Plc., the company informed MTI on Tuesday. The raw material for sugar production is transported by RCH by rail, while about half of the harvest reaches the factory by road. The market-leading rail freight company will transport 450,000 […]
The Hungarian National Committee of UNESCO held a commemoration ceremony in Budapest on Tuesday to mark 75 years since Hungary joined the world organization. In his opening speech, Miklós Réthelyi, President of the Hungarian National Committee of UNESCO, asked the speakers to highlight in their remembrances the enduring values that have defined the ideas and […]
Founded in 2007, the Business Council for Sustainable Development in Hungary (BCSDH) announces a major sustainability award every year. This year, the ‘For a Sustainable Future Award’ aims to recognize outstanding corporate and leadership performance in achieving the Sustainable Development Goals (SDGs) and systemic change. The Managing Director of the organization (that is part of […]
After the dynamic growth of previous years, the turnover of energy and soft drinks producer Hell Energy Hungary Ltd. increased only slightly in the first half of this year, while its profit after tax decreased due to a significant loss recorded in the financial result line. According to the consolidated financial statements published on the […]
The largest Zsolnay exhibition in Budapest opened on Monday in the ResoArt Villa, one of the most emblematic Art Nouveau buildings in the capital, next to the City Park. Designed by architect Albert Kálmán Kőrössy for his family in 1899, the villa at the end of the Városliget promenade is one of the finest examples […]
This year is exceptional in the life of the ESSCA school of management as it celebrates not only the 30th anniversary of the Budapest Campus but also the same of the Paris Campus as well as the opening of the Malaga and the Luxembourg Campuses. In 2023, a wide range of programs are organized both […]
A business forum, a pastry competition, concerts, film screenings and food specialities will be held in the southern Hungarian city of Pécs between October 4 and 8 as part of the Swiss Days event series. The event will kick off with a Swiss-Hungarian business forum entitled "Circular Economy for a Sustainable Future", which will also […]
The Planet Budapest 2023 sustainability expo and experience program launches on Wednesday and runs until October 1 at the Hungexpo fair site in Budapest, with free admission to the event, which focuses on food, food safety and waste management. 140 Hungarian companies active in the field of sustainability have been invited to the event. The […]
This year's Fall Festival of Museums, which will take place from September 25 to November 12 across Hungary, will focus on the relationship between science and technology, the authentic communication of scientific findings and the links between science and museums. According to Zsolt Bernert, Director General of the Hungarian Museum of Natural History, "in today's […]
This summer is a typical example of global climate change. It has been much cooler than usual, often downright cold, while there has been a lot of rain, which has led to increased grain and diluted fruit, the financial site penzcentrum.hu reports. It is unlikely to be the best vintage of the decade, but in […]
The Swiss multinational food and drink processing conglomerate corporation Nestlé has been present in the world for more than 150 years – and for more than three decades in Hungary. The secret of continuous development at Nestlé is that innovative, forward-looking food developments have been constant features throughout the company's history. The company was founded […]
The Budapest Stock Exchange's share index, the BUX, closed down 4.56%, or 2,644.27 points, on Friday at 55.376.10 points compared to the previous week's close, MTI reported on Sunday morning, along with a brief analysis of the week’s trading. The total turnover of the stock market rose from HUF 64.320 billion to HUF 89.737 billion […]
In addition to musical performances, traditional demonstrations and the harvest parade, cultural and gastronomic specialities and children's programs are also awaiting visitors at this year's Villány Red Wine Festival between October 6 and 8, the organizers informed MTI. According to the announcement, the largest wine, gastronomy and cultural festival in the wine region, which is […]
For the first time since the change of the political system (1988-90), four new ships have arrived on Lake Balaton, two of which have completed assembly works; after successful trials, the ferry Tihany and the catamaran Tomaj have made their first Balaton kilometers, Balaton Shipping Ltd. informed MTI in a statement on Saturday. The assembly […]
