Transport company Waberer's, which regularly participates in the delivery of donations to the Hungarian Maltese Charity Service throughout the year, has dressed its truck in festive lights. This year, the company donated HUF 20 million to the charity in the form of sweets for 10,000 children in need on December 6, which is Santa Claus […]

Hungary's currency, the forint, has faced a turbulent year, losing over 7% against the euro so far in 2024. Global financial uncertainty has turned investor attention to the country's economic vulnerabilities, forcing Hungary’s central bank to halt its monetary easing and maintain the EU’s highest borrowing cost, tied with Romania at 6.5%. The latest blow […]

GLS Hungary has installed its 2,000th parcel machine in Budapest's MOM Park, thus covering about a quarter of the Hungarian parcel machine market; the continuous expansion of the network remains a key part of the company's strategy, the company told MTI on Thursday. They added that the company currently operates a total of around 3,050 […]

He’s not going to say no to the latest AirPods. She’s not going to turn down that designer weekender bag. But a new Mastercard survey exploring the preferences of Europe’s Gen Z reveals those gifts may be merely the means to an end: the experience itself, Mastercard explains in a press statement. For many younger […]

Körber Hungária Gépgyártó Ltd. (Körber) has made improvements worth more than HUF 3.6 billion at its Pécs plant in 2024, the German-owned company, which manufactures production lines and components, told MTI on Thursday. Körber, formerly Hauni, which used to mainly manufacture and supply parts for tobacco machinery, but now mainly serves the pharmaceutical industry and […]

Over the weekend, the Indotek Group completed the acquisition of Auchan Hungary Ltd. In addition to the 47% stake in the retailer, the real estate investor will also take over the operational management of the Auchan chain of stores, the investor told MTI on Wednesday. Auchan Magyarország Kft. and its domestic interests involved in the […]

According to the latest data from the Road Traffic Register, more than 68,000 purely electric vehicles have already received green plates in Hungary. Compared to the beginning of the decade, this means that almost nine times more of the most environmentally friendly vehicles are on Hungarian roads, the Ministry of Energy (EM) announced on its […]

The Waberer's Group wants to improve the proportion of women working in logistics, particularly in management positions. For the second time, the transport company has therefore announced the Women's Logistics Manager of the Year Award, in partnership with the magazine Navigator World. This year, there was a split first place, with Ágota Balogh, CEO of […]

Budapest Airport (the operator of the Hungarian capital’s Ferenc Liszt International Airport), powered by VINCI Airports, believes that “there is talent in everyone, but it really shines when it finds its place. However, to find the job where one can really soar, we must first get to know ourselves better.” The company’s new employer brand […]

Moody's Ratings has withdrawn its 'Baa3' long-term investment grade rating on the Hungarian oil and gas company Mol. The international credit rating agency stressed in the reasons for the decision announced in London that it had withdrawn the rating of the Hungarian oil and gas group on the basis of its own business considerations. Moody's […]

The volume of Hungarian export decreased by 3.5% and that of import by 0.3% compared to the same period of the previous year. The surplus was EUR 949 million, the balance deteriorated by EUR 470 million year-on-year. Compared to August, the adjusted volume of export increased by 0.9% and that of import by 0.8%, the […]

The Hungarian oil and gas company MOL Plc. has notified the capital markets on the website of the Budapest Stock Exchange that it entered into a sale and purchase agreement with ENEOS Materials Corporation of Japan pursuant to which ENEOS acquires MOL’s 49% stake in ENEOS MOL Synthetic Rubber Ltd. Following the transaction, ENEOS will […]

In the third quarter of 2024, Hungarian service exports calculated in EUR were 4.2% and their imports 1.9% higher than in the same period of the previous year. The surplus was EUR 3.5 billion, EUR 280 million more than in the third quarter of 2023, higher even than the record in the corresponding period of […]

Since spring 2019, Market Építő Plc. and its subsidiaries have completed more than EUR 367 million worth of site preparation and complete infrastructure works on 400 hectares on behalf of the City of Debrecen and the BMW Group. The construction company has informed that it had also completed the full construction of four buildings within […]

Prime Minister Viktor Orbán is poised to announce his choice for the next governor of the Hungarian National Bank (MNB) within days, as the tenure of the current chief, György Matolcsy, draws to a close. The selection process, which will also coincide with a cabinet reshuffle, is being closely watched amid economic turbulence and a […]