The faculty of the Moholy-Nagy University of Art and Design (MOME) has developed a unique course in Central and Eastern Europe, the so-called Business to Design (B2D) educational program, which is specifically designed to meet the needs of the creative industry and to transfer a business approach to students, MOME told MTI on Thursday. The […]
Tesco refurbished 25 of its stores in the 2022/23 financial year ending in February. The refurbishments have involved 12 hypermarkets and 13 convenience stores across Hungary to provide customers with a nicer shopping environment and workers with a more comfortable working environment. The HUF multi-billion improvements included optimizing the size and design of the stores' […]
Pensum Group Plc., a human resources services provider, saw its revenue rise by 40% to HUF 3.7 billion in 2022, while its profit after tax was HUF 33 million, a 57% year-on-year decline, the company told MTI on Thursday. According to the statement, revenue was also boosted by price increases implemented by the company as […]
The 41st Construma International Building Trade Exhibition opened at the Hungexpo fair site in the Hungarian capital this Wednesday. More than 400 Hungarian and foreign exhibitors present their products and services at Hungexpo from March 29 to April 2. Speaking at the opening ceremony, State Secretary for Architecture at the Ministry of Construction and Transport, […]
We are gradually depleting and losing our natural resources. The net-zero goals of governments and businesses, which cover 70% of the global economy, are unattainable without ending deforestation this decade and protecting marine life, which currently absorbs 30% of global carbon dioxide emissions. This was pointed out by the Executive Vice President of the World […]
UBM Group, the largest animal feed manufacturer in Hungary, closed the first six months of the 2022/23 financial year with the best half-year in its nearly three-decade history. UBM, the only agro-industrial company listed on the Budapest Stock Exchange (BSE), generated sales revenue of HUF 122.67 billion and EBITDA of HUF 6.00 billion in the […]
40% of Hungarian households are planning to invest in energy saving, with 10% more households planning to spend on energy efficiency upgrades in their homes since July last year, according to the latest representative research by Cofidis Hitel Monitor. The credit specialist company surveys domestic households' expectations regarding their financial situation on a quarterly basis. […]
The Monetary Council of the National Bank of Hungary (MNB) kept the base rate at 13% at its meeting this Tuesday, arguing that the current level of the base rate is adequate to manage fundamental inflation risks. The O/N deposit rate and the O/N collateralised borrowing rate were left unchanged at 12.5% and 25%, respectively. […]
The Hungarian family-owned Caadex Ltd. in Mindszentgodisa, NE of Pécs in southern Hungary, has implemented a development worth almost HUF 800 million with the support of the European Union, the company has informed MTI. The company, which manufactures – and trades in – tin and steel products, has production halls in Mindszentgodisa and nearby Komló. […]
Visa is launching its global ‘She's Next’ program to support women-led businesses in Hungary, Bence Sármay, regional manager of the digital payments service provider, announced in Budapest on Tuesday. Five Hungarian women entrepreneurs will each receive a HUF 2 million grant and one year of mentoring, Bence Sármay said. He added that applications can be […]
Nearly three quarters of firms with 20 or more employees expect to raise prices in the near future. More than a third of the companies planning to raise prices expect a 6-10% increase, slightly more than a quarter of them expect an 11-15% increase, and a fifth of them expect a 1-5% increase. Presenting the […]
Hungarian Parliament was the last but one of NATO member states to give its assent to Finland's accession to NATO late on Monday afternoon, adopting the proposal to ratify Finland's application for NATO membership, which was submitted to Parliament more than eight months ago. Members of the Hungarian Parliament approved the law on the proclamation […]
The management of the freight forwarding and logistics company Waberer's International may propose a dividend payment of HUF 100 per share, after the company closed last year with its highest EBIT (earnings before interest and tax) since its listing on the stock exchange, at EUR 33.3 million (almost HUF 13 billion), according to an issuer […]
People are aware of the methods of payment fraud, they are afraid of becoming victims of fraud, but they do not consciously protect themselves against it, according to a representative research commissioned by OTP Bank. Almost all respondents have heard of some form of banking fraud and 81% fear becoming a victim of cybercrime. Although […]
Both business and consumer expectations improved significantly in March, with GKI’s economic sentiment index rising for the fifth month in a row. According to a survey conducted by GKI Economic Research Co. with the support of the EU, in the business sector expectations of industrial and service companies improved significantly, while expectations in construction and […]
