The harvest of typical blue grape varieties in the Villány wine-growing region, where the harvest is currently in full swing until the end of October, has been of average quantity and excellent quality, the secretary of the 2,350-hectare vineyard district council told MTI. Gergely Nagy reported that the harvesting of white grape varieties, which make […]
Otthon Centrum Group's Polish subsidiary Freedom Holding has acquired an 88.2% majority stake in Investor Nieruchomości, one of the leading real estate brokerage networks in Poland, Otthon Centrum (OC) informed MTI on Wednesday. According to the statement, the agreement is aimed at acquiring a leading position in the Polish real estate market, strengthening the market […]
The European Commission (EC) has approved ‘Sárréti kökénypálinka’ from Hungary as a new protected geographical indication (PGI). The EC regulation published this Wednesday says it "grants the geographical indication ‘Sárréti kökénypálinka’ the protection referred to in Article 21 of Regulation (EU) 2019/787 in accordance with Article 30(4) of that Regulation." Therefore, the geographical indication ‘Sárréti […]
The volume of industrial production declined in Hungary in July 2023 by 2.6%, year-on-year. Based on working-day adjusted data production fell by 2.5%. Production dropped in the majority of the manufacturing subsections, the country's Central Statistical Office Reports. At the same time production volume grew in the largest weight carrying manufacture of transport equipment, and […]
Switzerland-based Stadler Group announced to expand its rail car body manufacturing capacity with an investment of EUR 45.2 million in Szolnok, E Hungary. Close to 30% of the investment costs are covered by Hungarian taxpayers through a government decision. The Stadler Group is a major player in the rail segment, producing high-speed, intercity, regional and […]
Hampton by Hilton Budapest City Centre, the first Hampton by Hilton hotel in Hungary, opened in Budapest’s District 6 (Terézváros), it was announced at a press conference in Budapest on Tuesday. The hotel manager, Anita Siklósi, said the six-story hotel has 219 rooms, and an average occupancy rate of 65-70% is expected this year. Currently, […]
Audi Hungaria Ahead Ltd. is launching a broad-based knowledge enhancement training project that will enable around 500 employees to expand their competences in various fields over the next two years. The program will cost EUR 4 million, half of which is covered by Hungarian taxpayers through a government decision. Audi Hungaria has been steadily building […]
As a result of a EUR 15 million greenfield investment, PEX Automotive Systems Ltd.. and Baolong Holdings Europe Kft. set up a new production site in Szigetszentmiklós that has now been officially inaugurated. About 30% of the investment cost is borne by Hungarian taxpayers through a government decision. Apart from manufacturing the traditional products of […]
K&H Bank's profit in the first half of this year was HUF 35.8 billion, up from HUF 9.7 billion a year earlier, driven by lending and an expanding customer base, the bank said at a press conference in Budapest on Monday. Guy Libot, CEO of K&H Group, said that despite the negative impact of the […]
Robert Bosch Energy and Body Systems Ltd., which is 20 years old this year, will implement two investments worth a total of EUR 48 million at its Miskolc site by mid-2025. The company will spend EUR 12 million to further expand the development and testing of electric drives in Miskolc, and around EUR 36 million […]
The Budapest Stock Exchange's (BSE) share index rose this week amid falling turnover, closing at 56,856.01 points on Friday, up 1,351.03 points or 2.43% from a week earlier, MTI reported Sunday morning along with a brief analysis of the week’s trading. The weekly turnover on the stock market was HUF 41.92 billion, up from HUF […]
Gábor Reisz's film 'Explanation for everything' won the Best Film award in the Horizons section of the 80th Venice International Film Festival, the distributor Cirko Film announced Saturday evening. The award was received by the director at the closing ceremony of the festival at the Lido. The distributor said the reception of the movie – […]
After a round-up of the impact of home working on the office market, the financial news portal portfolio.hu asked office market experts about their experience of rent inflation, whether there is still room for rental growth, how much competition there is for tenants and how important energy efficiency is for new tenants today. The office […]
With a greenfield investment of around HUF 52 billion, GKN, one of the world's largest automotive suppliers, is creating 1500 jobs in Felsőzsolca. According to a statement by the Ministry of Foreign Affairs and Trade, the British-owned automotive parts manufacturer GKN Automotive Hungary Kft. said at a factory opening that the company will supply BMW, […]
The latest development at Sanofi's Csanyikvölgy plant has been inaugurated at a ceremony, resulting in an investment of almost HUF 8 billion to increase the production capacity of prefilled syringes by one and a half times. Some 19% of the investment costs are covered by Hungarian taxpayers through a government decision. Founded in 1973, Sanofi […]
