Domestic electricity consumption rose this week to the highest level of the summer as a result of the heatwave, but the current levels are significantly lower than in previous years, the financial news website portfolio.hu reports. The peak could be broken again in the first half of next week with the arrival of another heatwave. […]
The stock index of the Budapest Stock Exchange (BSE) strengthened this week, with a significant increase in turnover. The BUX closed at 51,854.65 points on Friday, 3.93% higher than a week earlier, MTI reported this Sunday, along with an analysis of the week’s trading. The weekly turnover of the stock market was HUF 49.09 billion, […]
Tens of thousands of people – participants of this year's Budapest Pride – celebrated diversity by marching from the City Park towards the downtown area of Budapest and back to the City Park this Saturday afternoon. Their cause was supported by a statement signed by dozens of embassies and foreign cultural institutes. The march featured […]
Szeplast Plc., a manufacturer of PVC granulates and powder mixtures, is expanding its production capacity and product range with an investment of more than HUF 1.3 billion with EU support, the company informed MTI. According to the press release, HUF 632 million of the HUF 1.386 billion project, which will be completed by the fall […]
A high-tech slaughterhouse and processing plant is being built in Görbeháza, NE Hungary. It is crucial for the fulfilment of the agreement signed with Singapore in April and Japan in May this year for the export of large quantities of Hungarian pigeon meat. According to a statement from the Hungarian Ministry of Agriculture, this will […]
The ‘Lidl for Hungarian Suppliers’ program has been successful, the supermarket chain informed Portfolio. The essence of the program is to distribute food products of Hungarian manufacturers and suppliers in foreign supermarkets. As published on portfolio.hu, Hungarian dairy producers sold milk and dairy products worth nearly HUF 16 billion in the chain's foreign stores in […]
Assets under management in investment funds increased by 7.9% to HUF 11,351 billion in June, the Hungarian Association of Investment Fund Managers and Asset Managers (Bamosz) told MTI on Friday. Money market funds received HUF 115 billion in capital, which is a large amount compared to the net asset value, and accordingly, the assets of […]
Aldi Hungary has launched its second electric truck, which will serve stores in downtown Budapest with zero local emissions, the discount supermarket chain informed MTI on Friday. The statement highlighted that they have expanded their fleet with a Scania three-axle, 27-ton special refrigerated box truck. The new truck is powered not only by batteries, but […]
Market Építő Plc.'s turnover last year exceeded HUF 308 billion, while the overall profit per parent company of the building construction company was HUF 25.731 billion, the company announced on the Budapest Stock Exchange (BSE) website on Friday. According to the report, net sales increased by HUF 11.763 billion to HUF 308.880 billion. The overall […]
The volume of industrial production in Hungary declined in May 2023 by 6.9%, year-on-year. The same figure for the same month in the euro zone was a decrease of 2.2%. As the country's Central Statistical Office reports, production in Hungary dropped in the majority of the manufacturing subsections, however, the production volume increased in the […]
The chocolate factory in Szerencs, NE Hungary celebrates its 100th anniversary. The centenary is celebrated in several stages in the town. In honor of the anniversary, one of the factory's iconic sweets, the cat's tongue, will also appear on a stamp. He added that thirty-six stampable sheets of the cat's tongue-shaped adhesive stamp have been […]
The pharmaceutical firm Teva Gyógyszergyár Plc. has built a new, specialized production facility in Debrecen worth more than USD 2 million (HUF 673.6 million). The significance of the investment is increased by the fact that the development of the product manufactured in the facility was also carried out by researchers in Debrecen, the company told […]
The Hungarian e-commerce market is expanding with a new player: the OTP Group has announced the launch of its webstore fizz.hu. Forbes.hu reports that the bank's employees will start testing the webstore in a closed round next Tuesday. According to the newspaper's market sources, a sharp launch is expected by the end of the summer. […]
One of Europe's leading transport and logistics companies, Gebrüder Weiss (GW), will be the first tenant of the Pt2 warehouse in HelloParks Páty Megapark. The company will lease 22,000 sqm of the 42,000-sqm industrial property, currently under development as the second building of the industrial park, less than 10 kms west of Budapest, and will […]
The 17,000-square-meter production hall to be built in District 15 of the capital by Market Építő Plc. has reached its structural completion stage. The new hall will expand Siemens Energy's site and will be used to manufacture components for gas power plants. Construction is scheduled for completion in the last quarter of 2023, the construction […]
