The University of Pécs (PTE) and the pharma firm Gedeon Richter Plc. (Richter) are creating an infrastructure and professional knowledge base worth more than HUF five billion in cooperation, which can be used in the fields of pharmaceutical research and agricultural science, among others, and is also suitable for the structural analysis of macromolecules, the […]
Among medium and large companies, eight percentage points more firms reported in the second half of the year than in the first half of 2022 that they had introduced a new product or service or significantly improved its quality in the two years preceding the survey, K&H Bank said on Friday, based on its latest, […]
Hungary’s economic competitiveness to a very large extent hinges on the government’s ability to ensure energy security for the country, according to the German Chamber of Commerce. In addition to energy costs, the security of supply is also for crucial businesses operating in Hungary. German foreign direct investment is a key engine of Hungary’s economy. […]
Following a drone attack on their Ukrainian system control center in mid-October, Ukrainian transmission operators have requested assistance to restore their damaged IT infrastructure through ENTSO-E, the European network of system operators for telecommunications. “In immediate response to the request received at the end of October, we offered servers and data storage devices to Ukrenergo […]
The office and warehouse market in the Hungarian capital will continue to gain momentum this year, and as last year, a significant amount of new space will be added in 2023, Erste Bank told MTI on Thursday. The statement quoted Erste's head of real estate finance, Tamás Deák, as saying that last year 267,000 square […]
Ten new CNG (gas-fueled) buses with Euro 6 environmental classification have been put into service by Volánbusz in the southeastern Hungarian city of Szeged, according to an announcement this Thursday. The almost HUF one billion investment saw the arrival of low-floor vehicles with visual and audio passenger information systems, suitable for wheelchairs and prams. The […]
Hungary's OTP Bank has announced that the Slovenian competition authority has approved its acquisition of Slovenia's Nova KBM d.d. According to the announcement by the Hungarian financial institution published on the website of the Budapest Stock Exchange this Thursday, the Slovenian Competition Protection Agency approved, at its meeting on January 31, 2023, the acquisition of […]
From January 2024, the Electrolux factory in Nyíregyháza, NE Hungary, will no longer produce refrigerators. The company took this decision after examining the capacity utilization of the plant, which employs 650 people, and future volume forecasts. "The results of the impact study and the current business environment required us to act. Our goal remains to […]
In November 2022, the volume of export was 9.5% and that of import was 15% higher than in the same period of the previous year. The deficit was EUR 1 billion 415 million, the balance deteriorating by EUR 1 billion 372 million year-on-year, the Central Statistical Office reports. Compared to October, the seasonally and working-day […]
Pick Szeged Plc. will reduce the amount of plastic used for packaging by another 14%, and from the end of January, after the sliced Pick salami, Herz hams will also be available in smaller tray sizes and in renewed packaging on the shelves, the food company belonging to the Bonafarm Group announced on Wednesday. According […]
19, mostly elderly, chronic patients died last week (down from 29 in the previous week), bringing the official total number of deaths in this country to 48,677, the government's Coronavirus Press Center said on Wednesday. 620 new infections were confirmed in the past week (about the same as in the previous week), bringing the total […]
The Hungarian University of Fine Arts (MKE) and the Maharaja Sayajirao University (MSU), a giant university with 46,000 students, have signed a long-term educational and artistic cooperation agreement in India, MKE announced this Tuesday. The unprecedented educational and artistic cooperation between the Indian and Hungarian universities will enable the establishment of an academic exchange program […]
Industrial producer prices rose by 34.9% on average in December 2022 compared to one year earlier. Domestic output prices were up by 62.9% and non-domestic output prices by 20.7%, the Central Statistical Office reports. The faster growth in domestic output prices was due to the proportion of the energy industry, where a significant price increase […]
In January, GKI’s economic sentiment index rose marginally, but for the third month in a row. According to the empirical survey conducted by GKI Economic Research Co. with the support of the EU, the overall improvement in the consumer confidence index during this quarter is still within the statistical margin of error and remains below […]
The Budapest Business School (BGE) is the only Hungarian university to be included in the latest program of the UN-backed sustainability initiative PRME (Principles for Responsible Management Education), and has been awarded the title of PRME Champion, the institution has announced. As part of the program, BGE will work with 47 business universities around the […]
