A consortium led by Sole-Mizo Plc. is developing milk protein-based food and nutritional ingredients for special purposes with EU non-reimbursable funding of HUF 996.44 million. In addition to Sole-Mizo, the consortium leader, Medifood Hungary Innovation Ltd. and the Hungarian Agricultural and Life Sciences University (MATE) are also participating in the project. The recently started research […]
26% of Hungarian employers expect to increase their current workforce in the second quarter of 2023, while 22% plan to reduce it, with staff increases mainly in larger companies, ManpowerGroup said on Tuesday, based on its Labor Market Forecast. ManpowerGroup conducted its quarterly survey of more than 41,000 employers in 41 countries around the world, […]
In January 2023, the volume of industrial production declined by 0.2% year-on-year in Hungary. Based on working-day adjusted data, production dropped by 3.2%, the Central Statistical Office (KSH) reported this Tuesday. Production increased in some manufacturing subsections, with the largest growth in the manufacture of electrical equipment. According to seasonally and working-day adjusted data industrial […]
Magyar Telekom's Digitalization Consulting Program for SMEs will be launched in March, providing management consulting, online marketing consulting, financial and legal support, tailored to the needs of SMEs, the operator told MTI on Monday. With the service, which is available free of charge, Telekom aims to support the digital transformation of businesses so that they […]
Hungary will be represented at the world's largest real estate exhibition with environmentally conscious and sustainable developments, according to a press statement by INPARK, the largest developer of Hungarian industrial real estate. INPARK could be a key player at the Hungary-Budapest stand at this year's MIPIM, one of the world's most important real estate development […]
It is important for Budapest Airport that the employees of the BUD group should be able to count on the company even in difficult economic circumstances, which is why the airport operator increased the salaries of its employees by an average of 13% last March and by 10% in October, in an extraordinary procedure, bringing […]
Provident Finance Plc. and the Hungarian Interchurch Aid are launching a comprehensive program to raise financial awareness among the most financially vulnerable groups in Hungarian society, giving them the chance to improve their living conditions. The pilot program of the initiative, based on Provident's financial support and the financial literacy of its colleagues, will be […]
Becoming a diplomat has been my dream since my early youth. Learning about other countries, cultures, and peoples, communicating with them in their languages and serving my country at the same time have always attracted me very much. Diplomacy to me is not only my work but also the way of life, my hobby and […]
To mark the centenary of the founding of the Szerencs chocolate factory, a year-long series of events will commemorate one of the country's best-known sweets in Szerencs, NE Hungary. The director of the regional Zemplén Museum, Judit Majoros told MTI that the series of events will be organized around two important dates. The first is […]
The Budapest Stock Exchange (BSE) share index, the BUX, closed the week at 43,077.69 points, down, amid unfavorable international sentiment, 3.07% on the previous week, or 1,362.79 points, MTI reported this Sunday morning along with a brief analysis of the week. Turnover on the stock market rose from HUF 36.495 billion to HUF 47.274 billion, […]
A body was found under a burnt-out car wreck during the technical rescue of a mass traffic accident on the M1 motorway, the Budapest Police Headquarters said on police.hu Saturday night. According to the police statement, the deceased was found during the removal of the car wreckage. According to the police, five trucks and 37 […]
The energy costs of most domestic firms at least tripled last year. The increased charges have forced companies to pass on costs to customers and to invest in energy efficiency, according to a survey of 70 medium and large Hungarian companies by Ernst & Young. Eight out of ten companies saw their energy costs at […]
Since its foundation in late 2017, Napelem Szerelő Kft. [Solar Panel Installer Ltd.] of Szeged in SE Hungary has been helping to supply the Hungarian market with green energy with a steadily increasing performance, managing numerous subcontractors. The company, as Managing Director Rudolf Mészáros tells Diplomacy&Trade, is now expanding to Austria, where it will continue […]
Silver coins of the Turkish period and a tin-lead alloy ring have been found on the outskirts of Nemesvámos in Veszprém County. At the presentation of the find, Regional Development Minister Tibor Navracsics said: as several times before, this time too, volunteers found the important piece, and the participation of civilians in the search for […]
The value of Hungarian exports in EUR terms was 15% and that of imports 14% higher in January 2023 than in the same period of the previous year, the Central Statistical Office reports. The balance of the external trade in goods improved by EUR 78 million. Compared to the previous month, the level of export […]
