Experts say there is clear evidence that there is still demand for energy-efficient, modern buildings. The keyword is traceable energy use, says the financial portal portfolio.hu. The BRF (Budapest Real Estate Consultants Forum) has published its office market summary for the third quarter of 2023, which shows that the total modern office stock in Budapest […]
The stock index of the Budapest Stock Exchange (BSE) fell this week, closing at 56,091.37 points on Friday, 919.38 points or 1.61% lower than a week earlier, MTI reported Sunday morning. The weekly turnover of the stock market was HUF 34.75 billion, down from HUF 35.45 billion the previous week, with leading shares weakening. According […]
Monterock International has been granted a licence to operate the Five Guys restaurant chain in Central and Eastern Europe, including Hungary. As the Parameter news portal writes, Monterock International has been granted the right to operate the Five Guys restaurant chain in Central and Eastern Europe. The company announced that it will initially take over […]
Deloitte Central Europe's Technology Fast 50 2023 program, which rewards the most dynamic technology companies, received more than 400 applications from 16 Central European countries – as part of the program, five Hungarian companies were included in the list of companies ranking emerging young companies and those with outstanding social impact, the audit and tax […]
As a complex system, the circular economy is associated with efficient tools for addressing climate change, biodiversity, and ESG issues. This key message was at the forefront of the sixth Circular Economy Summit, which took place on November 23, 2023, attracting close to 150 participants and significant interest. During the event, the ‘The Tulip Award […]
Hungary's ruling Fidesz party, led by Prime Minister Viktor Orbán, has presented a bill to Parliament aimed at safeguarding the nation from what it perceives as unwarranted political interference by foreign entities. This legislative initiative underscores Orbán's commitment to positioning himself as a staunch defender of Hungary's sovereignty and interests. The proposed bill on "protecting […]
The eastern Hungarian city's second Interspar store has been built in the vicinity of Debrecen's dynamically developing southern industrial zone; the hypermarket with a floor area of 2,600 square metres was completed with an investment of HUF 3 billion, Spar Hungary told MTI on Thursday. The new store will meet the needs of both regular […]
The reconstruction of the Matild Palace building won first prize in the Hotel category, the second prize in the overall competition and the third prize as the Best Project voted by the participants. The hotel has thus won the right to participate in the international round of the competition and to represent our country in […]
Korean-owned Hankook Tire invests nearly EUR 540 million to extend its plant in Rácalmás, located in Fejér County, the Hungarian Invesment Promotion Agency reports. According to MTI, the government is providing taxpayers' money for the project, the amount of which will be disclosed only after the European Commission's approval. Currently operating in over 160 countries, […]
The commissioning of around one hundred new autonomous cleaning robots developed in-house has begun as a result of the work of B+N Reference Plc.'s team of Hungarian engineers. Members of the previous series have been proving their worth for years at Budapest's Liszt Ferenc International Airport, in the capital's metro stations, among others, and are […]
The Hungarian Development Bank (MFB) and the European Investment Bank (EIB) signed a financing agreement in Luxembourg on supporting projects aimed at increasing energy efficiency and the use of renewable energy sources, i.e. supporting the green transition, MFB announced on Wednesday. The EUR 100 million EIB loan will enable MFB to provide a wide range […]
At its meeting this Tuesday, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided to lower the central bank base rate, with effect from November 22, 2023 by 75 basis points from 12.25% to 11.50%. By the evening, the Hungarian currency, the forint (HUF) weakened […]
Corvinus International Investment Plc., a 100% Hungarian state-owned company, and Vienna Insurance Group (VIG) have signed an agreement to reduce the state's minority stake in the Hungarian VIG companies from 45% to 10%, the Ministry of Economic Development (GFM) announced in a statement on Tuesday. The statement said that the Hungarian state, as a minority […]
The first ever Euro-based share issuance on the Budapest Stock Exchange (BSE) has successfully been concluded. Through an initial public offering (IPO), Shopper Park Plus raised a total of 37.2 million Euros in capital, placing its shares into the BSE Premium Category, the stock exchange website reports. Shopper Park Plus manages a significant retail real […]
Hungary and Turkey are celebrating the 100th anniversary of the establishment of the Republic of Turkey and the establishment of Hungarian-Turkish diplomatic relations with a year-long Hungarian-Turkish cultural season in both countries starting on December 18, MTI reported this Monday. The Minister of Culture, János Csák was of the view that the aim of the […]
