JYSK's turnover in the 2022/23 financial year ended August increased by 6.3 percent to DKK 38.5 billion (EUR 5.2 billion), a new record for the global home furnishings company, with the number of customers in its more than 3,300 stores in 48 countries increasing by 1.2 million, the company told MTI on Tuesday. The statement […]
Givaudan, the leading manufacturer of flavors and fragrances, recently celebrated the 10th anniversary of its Makó manufacturing site, in southeast Hungary. The event included a special ceremony attended by employees, senior company executives and experts. The celebration marked a significant milestone for the company site, recognizing a decade of innovation and development that has helped […]
TRUMPF Hungary Ltd. has opened a new Southeast European headquarters and digitally networked demonstration facility to boost sales of sheet metal working machines for networked manufacturing and lasers for battery technology and the automotive industry. The group plans to reach a turnover of EUR 100 million in the region by the middle of the decade. […]
The 20-member international jury of the European Museum Academy (EMA) has awarded the Hungarian Museum of Money in Budapest with the main prize. The final, held in Timisoara on Saturday evening, saw 34 museums from 20 countries competing, and for the first time, a Hungarian institution won the prestigious award, EMA informed MTI on Monday. […]
Assets under management in investment funds increased in Hungary by 3.2%, or HUF 382 billion, to HUF 12,296 billion in August, the Association of Investment Fund Managers and Asset Managers of Hungary (BAMOSZ) told MTI on Monday. The statement highlighted that the resulting capital flows in investment funds last month showed a plus of HUF […]
The company points out on the website of the Budapest Stock Exchange that the ESG report continues to strengthen the commitment towards sustainable operations by the major player in the Hungarian property services segment. In the report, NEO, a subsidiary of AKKO Invest Plc., introduces its environmental protection, social, and corporate governance targets and the […]
The vegetable processing firm Eisberg Hungary, located in Gyál, just southeast of Budapest, is renowned for great working culture, inclusion and innovation. The company, part of the Swiss Bell Food Group, has been maintaining its market leader position for over three decades. The challenges brought on by the new coronavirus epidemic and the Russian invasion […]
The Swiss-Hungarian Chamber of Commerce (Swisscham Hungary) has more than a quarter of a century of history. It is described as a cohesive, reliable, quality community. The organization’s President, Dr. István Béres, and its Director, Júlia Lipovecz, tell Diplomacy&Trade how these characteristics are reflected in the chamber's daily activities and the events held. “Whenever we […]
The stock index of the Budapest Stock Exchange (BSE) rose on the week, closing at an all-time high of 58,020.37 points on Friday, up 2.05% or 1,164.36 points from a week earlier, MTI reported Sunday morning along with a brief analysis of the week’s trading. The weekly turnover of the stock market was HUF 64.32 […]
Swiss Ambassador Jean-François Paroz's tenure epitomizes the intricate dance of diplomacy — adapting to shifting currents while upholding core principles, fostering economic prosperity while addressing challenges, and celebrating cultural ties that transcend borders. In an interview with Diplomacy&Trade, the Ambassador explored the nuances of his second term in Hungary, delving into the shifting political landscapes, […]
The European Film Academy (EFA) has awarded the title of 'European Film Treasure' for 2022 to the Hungarian capital's Nyugati Railway Station, and a commemorative plaque was unveiled on Friday in the hall of the railway station in Budapest. As the European Film Academy writes, this is the place from where the first Hungarian steam […]
Hungary and its neighbors are mulling to introduce national bans on the import of Ukrainian grain, a move that could have a great impact on European prices. The Central and Easter European countries are in talks as Members of the European Parliament are split over the temporary bans that the European Union has imposed on […]
Fourteen new Hungarian restaurants have received Michelin recommendations this year, and the number of Bib Gourmand and Green Star restaurants has also increased. The new Hungarian edition of the Michelin Guide French restaurant guide now includes 75 restaurants nationwide, making a total of 59 restaurants boasting Michelin recommendations in addition to the two two-star and […]
Kevin Macdonald and Andrew Macdonald, two of the most successful brothers in British cinema today, took Hungarian citizenship on Thursday at the Hungarian Parliament. Their grandfather was Imre Pressburger. Andrew and Kevin Macdonald, the two grandsons of the Hungarian-born Oscar-winning screenwriter, film director and producer Emeric Pressburger (born Imre Pressburger), took up Hungarian citizenship alongside […]
German ceramics manufacturer Villeroy&Boch has carried out a series of investments worth EUR 14 million (more than HUF 5 billion) in Hódmezővásárhely, SE Hungary over three years. The company is expecting a shortfall in revenues this year due to the downturn in the construction industry, the director of the company's bathroom and wellness division, Georg […]
