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Articles by Date

January 2024

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Provident CEO Joins Sports Foundation Board

D&T
Jan 31, 2024

Provident Financial Ltd., as one of the leading players in the Hungarian financial sector, has previously announced its cooperation with the BOM Foundation for Hungarian Sport. Now, the CEO of Provident, Botond Szirmák has joined the Board of Trustees of the Foundation and pledges his continued support for Hungarian sports. In a statement released this […]

Industrial Producer Prices Rose by 7.8% on Average in 2023

D&T
Jan 31, 2024

In 2023, domestic output prices rose by 25.4% and non-domestic output prices decreased by 0.7%, so industrial producer prices together were 7.8% higher than in 2022, the Central Statistical Office (KSH) reported this Wednesday. Industrial producer prices were 7.2% lower on average in December 2023 compared to one year earlier. Domestic output prices were cut […]

Number of Tourism Nights in Hungary Up by 13%

D&T
Jan 30, 2024

In December 2023, 1.1 million guests spent 2.7 million tourism nights at tourist accommodation establishments (commercial, private and other accommodation establishments). The number of guests was 16% higher and that of tourism nights 13% higher than a year earlier, the Central Statistical Office (KSH) reports. The number of nights spent by domestic guests increased by […]

Tamás Günzer, Wine Producer of the Year

D&T
Jan 30, 2024

Tamás Günzer, recently named Wine Producer of the Year by the Hungarian Wine Academy has received MTI's photographer in his wine cellar in Villány, southern Hungary. Tamás Günzer's family of winegrowers cultivates 75 hectares of vineyards, from which they produce 5,000 hectoliters of wine annually. It's a real family business, where everyone has found the […]

Robert Burns Birth Anniversary in Budapest

D&T
Jan 29, 2024

An occasional All Star bagpipe band performed this Monday at the changing of the guard on the occasion held by the Hungarian-Scottish Society and the Robert Burns International Foundation at the main staircase of the Hungarian Parliament building to mark the 265th anniversary of the birth of Scottish national poet Robert Burns. The birth anniversary […]

GKI: Hungarian Economy Past the Worst of the Crisis

D&T
Jan 29, 2024

Last year, the Hungarian economy emerged from the most difficult phase of the crisis caused by the handouts before the 2022 elections and the global economic consequences of Russian aggression against Ukraine. However, according to research by the GKI economic research institute, the government's ideas are unlikely to put the economy on a sustainable growth […]

BUX Index Fell on Falling Turnover

D&T
Jan 28, 2024

The stock index of the Budapest Stock Exchange (BSE) fell this week on a declining turnover. The BUX closed at 64,092.56 points on Friday, 488.31 points, 0.76% lower than a week earlier, MTI reported this Sunday along with a brief analysis. The total weekly turnover of the stock market fell from HUF 65.953 billion to […]

EY Survey on the Impact of Global Tax Reforms

D&T
Jan 27, 2024

Global tax reforms are significantly changing the terms of transfer pricing, with companies most concerned about double taxation and inflation affecting the pricing of related party transactions in the long term, according to an Ernst & Young (EY) survey of large corporate executives in more than 40 countries, including Hungary. The international financial advisory firm […]

Lidl and Graphisoft Park Win Deloitte's Green Frog Award

D&T
Jan 26, 2024

Lidl Hungary has won the 2023 Green Frog Award for the best sustainability report, while Graphisoft Park has been awarded the special prize for the first best report, Deloitte Hungary, the award's promoter, announced on its website. The consultancy firm said that the Green Frog Award aims to recognize companies where sustainability is an integral […]

HEINEKEN Prepares for a Carbon-Free Future

D&T
Jan 26, 2024

HEINEKEN, a beer manufacturer with a presence in more than 70 countries worldwide, has chosen Siemens as a partner to implement its global net-zero emissions roadmap, which aims to reduce its direct (Scope 1) and purchased energy (Scope 2) emissions to net zero across all its production facilities by 2030. The two companies will thus […]

Hungary faces international pressure to approve Sweden’s NATO bid

D&T
Jan 26, 2024

Hungary stands at a crossroads, facing mounting international pressure to cast the decisive vote for Sweden's NATO membership. Despite the urging from both sides of the Atlantic, Prime Minister Viktor Orbán's inner circle, including László Kövér, Speaker of the Hungarian Parliament, shows no signs of haste. International pressure is mounting on Hungary to cast the […]

Kempinski Hotel Corvinus Budapest Recognized for Sustainable Practices

D&T
Jan 25, 2024

Kempinski Hotel Corvinus Budapest has achieved Certified Silver Status through EarthCheck, the world’s leading business advisory group specializing in sustainability and destination management for the travel and tourism industry. This is such an important milestone, the hotel said in a press statement. “The EarthCheck Certified Silver confirms our mission and achievements in environmentally responsible practices,” […]

Toyota Could Continue to Grow in Hungary This Year

D&T
Jan 25, 2024

Sales of the Toyota brand could even expand in 2024 in Hungary, where market players forecast a further decline in new car sales, Toyota Central Europe - Hungary Ltd. said at a press conference in Budapest on Tuesday. According to the importer's executives, this is based on the brand's strong model offensive in a slowly […]

Hungarian Tourism Outperformed 2022 Last Year

D&T
Jan 25, 2024

Last year, Hungarian tourism not only surpassed the results of the year 2022, but also reached and sometimes even exceeded the record year 2019, Zoltán Guller, Chairman of the Board of Directors of the Hungarian Tourism Agency (MTÜ), said at a press conference held on the basis of preliminary data in Budapest on Thursday. He […]

27 Firms in the BCSDH Sustainability Partner Search

D&T
Jan 25, 2024

The Business Council for Sustainable Development in Hungary (BCSDH) has a cross-sector membership of more than 140 companies, enabling it to effectively promote partnerships to accelerate carbon neutrality and systemic processes. The organization has held its third Sustainability Partner Search for member companies this week with the event hosted by UniCredit Bank and the participants […]

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