A fundraiser for needy families and children with autism, among others, will be held at this year's Diplomatic Fair on November 19 at the Bálna Defense Center in Budapest. All proceeds from the 12th Diplomatic Charity Fair will be donated to the Together for Autistic People Foundation, the Magic Lamp Foundation and the SOS Children's […]
After experiencing a surplus in the previous month, Hungary faced a significant monthly budget deficit in October, surpassing the government's initial target and intensifying concerns about the nation's financial stability. The shortfall signals challenges for the cash-strapped Cabinet that is desperately seeking EU funds, that remain suspended by Brussels due to ongoing concerns related to […]
The winner of the third edition of the Atlas Award is Giacomo Pedranzini, who showcases exemplary commitment to Ethics, Sustainability and Creativity, which are the core values behind the Atlas Award and the Atlas World community, the organizers say in a statement. He was already a member of the Atlas World community and he was […]
WLP and RaktárAD, a Belgian-Hungarian-owned company group known for building state of the art warehouses in Europe, launched its third investment in Hungary in Vecsés in 2023. The Canadian-based Magna International Incorporation as a client occupies the largest area in the group's environmentally friendly logistics park. The automotive parts supplier, which is present in almost […]
A HUF 62 billion tender for the construction of industrial electricity storage facilities will be launched from January, with non-refundable subsidies and revenue compensation, Gábor Czepek, the Minister of State for Public Administration of the Ministry of Energy (EM) announced on Thursday at the Energy Forum series in Komárom, NW of Budapest. He said the […]
"Educating the heart is as much as important as educating the mind," Rodney Irwin, the COO of the World Business Council for Sustainable Development (WBCSD) said at the Jubilee Event where approximately 100 alumni members, mentors, and experts celebrated the 10th anniversary of the BCSDH Future Leaders Talent Program. He spoke about the importance of […]
For the fourth year in a row, Provident Financial Ltd., the Magic Lamp Foundation and the Ludwig and Mentesi Ltd., operators of the Jókenyér bakeries, are holding their traditional Christmas preparation initiative. This November and December, children recovering in the Gottsegen György National Cardiovascular Institute will receive baked goods from three shops with the help […]
Investors have returned to the capital's real estate market, with investment buyers accounting for 41% of transactions in September after the second quarter low, the property agency Duna House reported on Wednesday, according to MTI. The most popular locations were Erzsébetváros (District 7), Józsefváros (District 9), Angyalföld (District 13) and Terézváros (District 6). According to […]
The surplus of the external trade in goods amounted to EUR 1.3 billion, the level of the external trade turnover increased by 13% on the export side, and grew by 8.1% on the import one, month-on-month, the Central Statistical Office (KSH) reports. The value of export declined by 5.1%, and that of import was 19% […]
This Tuesday, at Audi Hungaria's 30th anniversary event, series production of the new generation of electric motors for the Premium Platform Electric (PPE), which will debut in the Audi Q6 e-tron model series, was officially launched. As a result of an investment of EUR 190.2 million, a completely new 15,000-square-meter production area for PPE drives […]
The construction of a new logistics center will conclude a multi-year development series worth around HUF 52 billion at the Bosch plant in Maklár, NE Hungary according to Michael Zink, the managing director of the Maklár plant of Robert Bosch Automotive Steering Ltd., a manufacturer of steering gears for passenger cars and trucks. He added […]
The ground handling of some of Wizz Air flights at Liszt Ferenc International Airport of the Hungarian capital will now be carried out by its leading service partner Menzies Aviation using fully electric equipment, the airline informed MTI on Monday. According to the statement, compared to diesel-powered equipment, fully electric ground handling can reduce carbon […]
Körber Hungária Ltd. invests EUR 14.4 million to add new equipment to its existing capacities and set up an automated storage facility at its Pécs site. Scheduled to be completed by the end of 2025, the investment also includes the installation of solar panels to cover a substantial portion of the company’s energy needs. 15% […]
This fall, Holcim Hungary Ltd. is launching its Community Value Program for the 11th time, with the aim of encouraging and supporting the implementation of long-term sustainable projects that promote local, community-based cooperation between the Királyegyháza Cement Plant and the communities near the Bükkösd Quarry. According to the company's statement, Holcim is committed to supporting […]
The Budapest Stock Exchange (BSE) share index, the BUX, rose by 1.82%, or 1,022.67 points, to 57,337.64 points compared to the close of last week, MTI reported this week along with a brief analysis of the week’s trading. Total turnover fell from HUF 35.849 billion to HUF 29.234 billion, but this week the BSE held […]
