A top Republican senator is blocking an arms deal between the US and Hungary over the latter’s delay of ratifying Sweden NATO accession. The move is testament to the continuous souring of relations between Washington and Budapest due to Hungary’s stance over the war in Ukraine. Senator James E. Risch, the top Republican on the […]
The majority of companies operating in Hungary are focusing on digital transformation, and only 34% of them do not consider it a significant challenge. K&H's innovation survey, the results of which were communicated to MTI this Friday, measured the most significant increase in the use of machine learning, especially in personalized offer, service and product […]
Electronic payments infrastructure further expanded in 2023 Q1. In addition to the more than 50,000 new accounts, the number of cards in active use also increased. On the acceptance side, the number of acceptance points both in the physical and online space increased by 4-5% in a quarter, the National Bank of Hungary (MNB) reports. […]
The Esztergom plant of Magyar Suzuki Plc produced 129,022 cars in 2022, an annual increase of 20%, while net sales rose by 22.3% to EUR 2.144 billion, the company's executives said at a press conference in Budapest on Thursday. Róbert Krisztián, the company's deputy CEO, added that last year, due to the disruption in logistics […]
Prior to the recent visit to the Hungarian capital by Pope Francis, there were numerous requests to the Apostolic Nunciature in Budapest for an audience by the Pope. One of these came from the Argentine Embassy in Hungary. Their request was accepted and the Embassy issued a statement about the audience the circumstances of which […]
31% of Hungarian employers are planning to expand their current workforce in the third quarter of this year, while 18% are planning to reduce their workforce, Manpower Hungary said on Thursday, based on its labor market forecast. ManpowerGroup conducted its quarterly survey among almost 39,000 employers in 41 countries around the world, asking a representative […]
Hungarian consumers attach importance to sustainability and are even more open to technological innovations than people in other European countries, according to research by GWI, a global consumer behavior research company, presented at an event organized by the Publicis Groupe in Budapest on Wednesday. The London-based audience research company GWI surveyed the habits of internet […]
The Museum of Fine Arts in the Hungarian capital is reopening its renewed exhibition space for graphic art with an exhibition of reproductions of prints by a contemporary German and a 16th-century Venetian painter. With the opening of the new exhibition space on the ground floor of the Museum of Fine Arts, the museum's graphic […]
The Budapest Stock Exchange (BSE) has supported the development of 255 Hungarian-owned medium-sized companies with a total of HUF 2.1 billion through its mentoring program, BSE announced on Wednesday. The statement recalled that the BSE's program for the development of the small and medium-sized enterprise sector was launched in 2018 with EU funding. The mentoring […]
The analysis and development of the innovation ecosystem and the development of a competitive and productive business ecosystem are essential for Hungary's successful and sustainable economic catch-up, András Balatoni, Director of the Economic Forecasting and Analysis Directorate of the National Bank of Hungary (MNB), said at the launch of the Growth Report 2023 on Wednesday. […]
The volume of industrial production in Hungary declined in April 2023 by 8.3%, year-on-year, MTI reports quoting data published this Wednesday by the Central Statistical Office. Based on working-day adjusted data production fell by 5.8%. Production dropped in the great majority of the manufacturing subsections, at the same time the production volume increased in the […]
Korean-owned Samyang Biopharm’s new plant built for EUR 26.2 million has been inaugurated in Gödöllő where synthetic suture materials are manufactured. The company plans to ramp up production gradually, and it will create 55 jobs. South Korean Samyang Group has been present in Hungary since 2010 when Samyang EP Magyarország Kft. started to manufacture plastic […]
‘Robert Capa – the Photojournalist’, the first permanent exhibition dedicated to the work of the world-famous photographer, who was born as Endre Friedmann in Budapest opened this Tuesday at the Robert Capa Center for Contemporary Photography in the Hungarian capital. The Capa Center was established in 2013 in part to showcase the Robert Capa Collection, […]
In 2020, Master Good, Hungary's largest poultry processor, acquired Sága, Hungary's leading poultry meat products company, the owner of brands such as Selyemsonka, Dino and Füstli, which celebrated its 25th anniversary this year. The last three years have been a period of technological investment, and now, Master Good says, it is time to put the […]
OTP Bank Plc. has announced on the website of the Budapest Stock Exchange that based on the share sale and purchase agreement concluded on December 12, 2022 between OTP Bank and the Ministry of Economy and Finance of the Republic of Uzbekistan the first step of the transaction was completed on June 13, 2023. Consequently, […]
