After a busy summer, the fall also started strong at the Ferenc Liszt International Airport, with the winter schedule coming into force on October 29, offering plenty of surprises for those travelling from Budapest: 107 destinations from 36 airlines await those looking to get away from it all. Thanks to this broad and varied offer, […]
Kempinski Hotel Corvinus Budapest has redesigned its Kempinski The Spa facilities, concept and treatments, the hotel says in a statemnent. Inspired by travel and well-being, the revitalised space now alludes to notions of travel and self-at-peace, while the treatments are crafted to suit guests’ individual needs. The signature ‘The Hungary Holistic’ treatment based on Hungarian […]
For the second year in a row, Wizz Air has been awarded the CAPA Global Environmental Sustainability Airline/Airline Group of the Year at the CAPA Asia Aviation Summit for the usage of sustainable aviation fuel (SAF). A statement by the airliner says that Wizz Air’s top ranking in the benchmarking report is due to their […]
30 business leaders have had a conversation with the theme "Ecology and economy, two sides of the same coin" with Swiss explorer Bertrand Piccard at the MagNet Community House in Budapest. He is best known for being the first man to circumnavigate the Earth in an airplane he built, powered solely by solar energy. He […]
The Hungarian government has set its sights on reducing the country's budget deficit to below the European Union's threshold of 3% of GDP in the coming year. Finance Minister Mihály Varga made the announcement while presenting the 2024 budget plan to Parliament this week. As part of their strategy, the Cabinet will ease taxes on […]
The Hungarian pharmaceutical company Gedeon Richter Plc. - together with Sumitomo Pharma America, Inc. and Sumitomo Pharma Switzerland, GmbH - has announced on the website of the Budapest Stock Exchange that the European Commission has granted approval of a Type II Variation application for RYEQO® (relugolix 40 mg, estradiol 1.0 mg, and norethisterone acetate 0.5 […]
The best of contemporary Italian cinema will be screened from Saturday to November 14 at the 21st Italian Film Festival, Mittelcinemafest, at the Puskin and Tabán cinemas in Budapest. The festival will screen twelve contemporary Italian films in their original language with Hungarian subtitles, the organizers told MTI. The opening film will be The Commander […]
The Hungarian Forbes magazine has again compiled this year a list of the 100 most valuable Hungarian-owned companies, with MPF Holding, Docler Holding and Bonafarm Group ranked in the top three. MPF Holding, which is mainly known for its machine parts, industrial components, grinding tools and cooling and heating equipment, was valued at HUF 408.3 […]
The stock index of the Budapest Stock Exchange (BSE) closed October at 56,035.15 points, up 0.4% compared to the end of September, the BSE announced on Thursday. The BUX reached its highest monthly value on 18 October with 57 075.3 points. Share turnover fell from HUF 263.7 billion in September to HUF 168 billion, with […]
Sustainability has only become an everyday topic in the last decade and a half, even though mankind has been systematically halving the raw materials and natural resources that ensure prosperity since the beginning of the industrial revolution, warns Gábor Lévai, founder of Green Brands Hungary. In his podcast for economx.hu, he explained that he believes […]
RÁBA Automotive Holding Plc. has informed the participants of capital markets on the website of the Budapest Stock Exchange that on October 31, 2023, a Memorandum of Understanding was signed by RÁBA Plc. and Nurol Makina, “an internationally significant Turkish defense company,” with the purpose of considering the establishment of a joint venture for joint […]
The BMW Group's iFactory plans are well on track, achieving a major milestone with the inauguration of the Training Center—a facility constructed on-site as part of the ongoing over EUR 2 billion project. With cutting-edge infrastructure at its disposal, the nearly 6,500-square-meter facility allows the BMW Group Plant Debrecen in eastern Hungary employees and those […]
AiMotive Informatikai Ltd., that has been a Stellantis member company since last year, has embarked on a EUR 55 million R&D project to develop an artificial intelligence platform that will provide Level 3 self-driving capabilities for all car models produced by the group. A quarter of the investment cost is borne by Hungarian taxpayers due […]
Hungarian companies are becoming more future-conscious, but their motivation is different from that of foreign companies, according to a recent survey conducted by Siemens Plc. More than half of the surveyed companies have a sustainability system or policy. Four out of five industrial companies in Hungary use the help of a sustainability expert to achieve […]
The vacancy rate in the domestic commercial real estate market rose in the first half of the year, while the stock of real estate is set to expand. Hybrid working is not good for the market either. The first half of the year saw rising vacancy rates in the office and industrial-logistics markets, while ongoing […]
