Yettel has become the first company in Hungary – and in the world – to launch its 'standalone' 5G technology, the most advanced of the 5G network, the company told MTI on Monday. It said that while the currently deployed 5G networks still rely on 4G to build the connection, the newly launched standalone 5G […]
In the run-up to the festive shopping season, Mastercard has launched a Green Friday campaign with its partners to raise awareness of conscious spending and environmentally conscious shopping. According to a statement sent by Mastercard to MTI on Monday, Magyar Cetelem Bank, Gránit Bank, OTP Bank, Magnet Bank, MBH Bank and Raiffeisen Bank joined the […]
After the summer trial run, the Four Points by Sheraton Budapest Danube hotel in Újlipótváros (in District 13) has been officially inaugurated, the first unit of the Marriott International hotel chain's special brand in Budapest, according to Polat Holding, the investor of the Duna Pearl real estate development. The Duna Pearl is a multifunctional real […]
The Budapest Stock Exchange's (BSE) share index, the BUX, fell by 519.20 points, or 0.90%, compared with the previous week's close, to 57,010.75 points, MTI reported Sunday morning along with a brief analysis. Total turnover rose from HUF 34.774 billion to HUF 35.452 billion. Despite the positive international investor sentiment, the BUX's rise stalled at […]
The Hungarian Wine Marketing Agency will promote Hungarian wines at Christmas fairs in the capital for six weeks, the agency told MTI. The Hungarian Wine Marketing Agency (MBÜ), as an ambassador of excellent Hungarian wines, will offer a number of opportunities to get to know and taste the most outstanding Hungarian products this year. This […]
Chinese-owned Evoring Ltd., a Shuanghuan Driveline company, invests EUR 104.4 million to set up a new plant in Jászfényszaru, E Hungary. The facility now broke ground where gears and shafts for EVs will be produced. The investment, some 18% of which is paid for Hungarian taxpayers, promises to create 450 jobs. Shuanghuan Driveline manufactures gears […]
Today's Budapest was created on November 17, 1873. On January 1, 1873, Pest, Buda and Óbuda were united under the name of Budapest. On November 17, the new municipality took over the administration of the unified capital. On January 1, 1950, the municipalities around Budapest were annexed to form the so-called Greater Budapest, the population […]
The 2023 January-September results released by the ANY Security Printing Company Plc. says its net sales for 2023 amounted to HUF 44.0 billion, which is higher by HUF 8.9 billion (25%) than in the previous year. Changes in case of strategic product segments were as follows: sales of security products, solutions were HUF 23.0 billion, […]
Thanksgiving in America is a time of great tradition. The holiday originated from residents giving thanks to God after the harvest for blessing them with a good harvest. It has become a tradition that continues to this day: every fourth Thursday in November, a bountiful feast is served to give thanks, not only for the […]
After the electric heating boiler installed at its Sopron power plant, Alteo, an energy service and trading company, has integrated two more devices into its control centre, which allow the conversion of electricity produced from renewable energy sources into heat; the hot water produced by the boilers installed at the heating power plants in Kazincbarcika […]
Hungary's Prime Minister, Viktor Orbán, has raised concerns over Ukraine's readiness to join the European Union, hinting at a possible roadblock for the country's EU membership talks. This comes just two days after Brussels recommended the initiation of membership discussions, setting the stage for a potential clash at the upcoming EU leaders' meeting in mid-December. […]
The water of the well that feeds the Vadász Street sports center in District V in downtown Budapest has been certified as medicinal water, and the facility has protected its five-star swimming pool trademark, the district municipality informed MTI on Thursday. According to the announcement, the V.30 Downtown Sports Center, created by the municipality of […]
Chinese-owned Wasion, one of the leading global energy solution providers is investing over EUR 10.5 million to set up its new production site in Gödöllő, located in Pest county, Hungary, the Hungarian Investment Promotion Agency reports. The R&D and manufacturing base, close to 10% of which is paid for by Hungarian taxpayers through a government […]
Ericsson Hungary Ltd. has developed a new 5G-based location service, the development has received more than HUF 497 million in funding from the National Research, Development and Innovation Fund (NFKI), the company told MTI. According to the information, the project aimed to develop new location services related to 5G and the Internet of Things (IoT). […]
Tire manufacturer Hankook's third-quarter revenue and operating profit increased by 1.8% and 106%, respectively, compared to the same period last year, according to a company statement sent to MTI on Wednesday. Hankook supplies tires to about 40 global car brands worldwide through about 250 original equipment supply chains, including Audi, BMW, Mercedes-Benz, Porsche and Tesla. […]
