Automotive Hungary, an event dedicated to showcasing the latest technologies and trends, has opened at the Hungexpo fair site in the Hungarian capital this Tuesday. The four-day exhibition is accompanied by conferences. Automotive Hungary is for bringing together domestic and international suppliers and service providers of the automotive industry at all levels, the organizers say. […]

Hungary’s gross domestic product (GDP) decreased by 0.9% according to raw data and by 1.1% according to seasonally and calendar adjusted and reconciled data in the 1st quarter of 2023 compared to the corresponding period of the previous year. Compared to the previous quarter, the economic performance diminished by 0.2% according to seasonally and calendar […]

To improve cybersecurity in the healthcare sector, KiberPajzs [‘CyberShield’], which is already working well in the financial sector, will be set up in Hungary. To this end, the Center for Health Management Training and the National Cyber Defense Institute have signed a strategic agreement, the two organizations told MTI on Tuesday. In their statement, they […]

With the help of EU funding, Avarem Ltd. has acquired a line of machines enabling the recycling of LED-based waste at its site in Mezőkovácsháza, Békés county. Managing director Csaba Nyist told MTI that the company won HUF 53.86 million from the Economic Development and Innovation Operational Program (Ginop) Plus, with a 70% subsidy intensity. […]

ANY Security Printing Company Plc. has released its 2023 Q1 results on the website of the Budapest Stock Exchange. It shows that net sales of the company for 2023 amounted to HUF 11.2 billion which is higher by HUF 0.4 billion (4%) than in the previous year. Changes in case of strategic product segments were […]

Delta Systems Ltd., a wholly owned subsidiary of Delta Technologies Plc., has become an official Apple reseller as of May 2023; the company has signed a strategic agreement with Apcom Hungary Ltd., Apple's official Hungarian distributor, to support Apple products more effectively in Hungary, the companies announced at a press conference in Budapest on Monday. […]

With the arrival of spring, the sushi menu of Spago by Wolfgang Puck Budapest has debuted thanks to the collaboration of Wolfgang Puck Fine Dining Group's Culinary Development Director Tetsu Yahagi and Executive Chef István Szántó. The menu, created using the freshest and best quality seasonal ingredients, reflects the best of Japanese cuisine in a […]

The Joint Venture Association held its 2022 Annual General Meeting in Budapest, closing the year 2022, with the election of a new Board, a new Supervisory Board, two new Ethics Committee members and the re-election of several former members. It was on January 1, 2022 that Tímea Buday Kollárik took over the management of the […]

According to raw data the volume of construction output in March 2023 lagged behind the previous year’s level by 9.8%, a higher output during the base period also played a part in this trend, the Central Statistical Office reports. Out of the main groups of construction the construction of buildings decreased by 13.2%, that of […]

April brought a temporary downturn in the domestic real estate market in Hungary, with a thousand fewer transactions compared to the previous month, according to the latest barometer report published by the real estate agency Duna House. Based on Duna House's own data, the number of sales nationwide was estimated at 6,787, which is still […]

The Automotive Research Center of Széchenyi István University in Győr, NW Hungary has signed a cooperation agreement with the Institute of Urban Studies of Seoul University, so joint research, publications and exchange visits can help their further development in the future. The Győr university press release says that Vice Rector and Vice President for Academic […]

The stock index of the Budapest Stock Exchange (BSE) declined on lower trading volumes, closing at 46,044.03 points on Friday, 286.69 points, 0.62% lower than a week earlier, MTI reported Sunday morning along with a brief analysis. The stock market's weekly turnover was HUF 39.02 billion, down from HUF 46.02 billion the previous week, with […]

The sailing season on Lake Balaton started on Saturday with the opening big boat sailing race and the wreath laying ceremony on the lake. This year, 235 people entered the race. The president of the Hungarian Sailing Federation, Csaba Haranghy, called the town of Balatonfüred the capital of Hungarian sailing in his speech before the […]

The Hungarian government may extend by three months energy subsidies available for micro-enterprises and SMEs until the end of March. Such a measure would help thousands of catering and accommodation establishments to manage their overheads, the business news site Napi.hu has learned. In the framework of the SME Energy Costs and Investment Support Program, businesses […]

The Gyula Flowers Festival is held again this weekend, with sixty exhibitors presenting their special plants and horticulture-related products in the southeastern Hungarian town of Gyula. The town's chief gardener, Adrienn Várkonyi Szász said that ten percent of the exhibitors com to the event for the first time. Most of them offer annual flowers, but […]