The Hungarian Hydrogen Technology Association's two-day international conference 'Hydrogen Open 2024' focuses on green hydrogen at the Mol Campus building in Budapest. In his opening speech, Gábriel Szabó, Group Downstream Managing Director at the oil and gas company Mol, said that Mol's priority goal is to accelerate the green energy transition in the Central and […]
Under the long-term contract signed at the end of 2023, Autoneum will take possession of a newly-developed hall of more than 5,000 square meters in the second half of 2024 in the CTPark Komárom industrial and logistics park, in addition to the almost 13,000 square meters of space it already uses, CTPark said in a […]
The premium segment is a strong and stable segment of the Hungarian new car market, and BMW Group Hungary has taken the lead with sales of 5,921 units in 2023, the company said at a press conference in Budapest on Thursday. Managing Director Zoltán Gombos said that among the group's brands, BMW's sales reached 5,243 […]
FE-Group Invest Plc., a subsidiary of Alteo, has won a HUF 300 million grant for the technological support of the transition to circular economy of waste from products subject to product fees under the return system introduced from January 2024, the company told MTI on Thursday. According to the press release, the non-refundable subsidy won […]
Audi Hungaria Plc. broke its ten-year production record in 2023 by producing nearly 178,000 vehicles and more than 1.66 million engines, the company told MTI on Wednesday. The Győr-based company said in a statement that 177,775 vehicles were produced last year, up from 171,134 the year before, while 1,660,425 engines were manufactured in Győr, up […]
As an integral part of the international art market, the auction market for Hungarian artists shows similar dynamics: the market boomed in 2021, then started to slow down this year after strong results in 2022. The Hungarian contemporary art market, like the global art market, is showing a growing interest in works by female artists […]
"On the basis of the information currently available, there is an equal number of arguments in favor of cutting interest rates by 75 basis points or 100 basis points at the end-January policy meeting," Deputy Governor of the National Bank of Hungary (MNB), Barnabás Virág said at a Euromoney conference in Vienna. The Deputy Governor […]
With an investment of about HUF 20 billion, the Rossmann chain is building a 28,000-square-meter logistics center and a 4,000-square-meter office in Üllő, the project is expected to be completed by the end of 2025, the company said on its website. According to the information, a modern semi-automated warehouse will be built to supply the […]
Mercedes-Benz Hungária Ltd. reported on Tuesday on electromobility gaining ground, the increase in demand for luxury models and the good performance of the models produced in Kecskemét, central Hungary, summing up its sales in Hungary in 2023. The company said in a statement sent to MTI that 4,419 Mercedes-Benz passenger cars were registered in Hungary […]
Suzuki Motor's production plant in Hungary will suspend output this week of its Vitara and S-CROSS models, the Reuters news agency quoted a company statement on Monday. The production halt between January 15 and 21 comes after automakers Tesla and announced suspensions in Europe in the second half of last week, in a sign that […]
The Judit Virág Gallery in Budapest will present a new all-art exhibition entitled Rome-Budapest, featuring Rome-related paintings, sculptures and artworks by renowned Hungarian artists from February 22 to March 28. Through the works of classical and contemporary artists, the public can learn about the influence of the Italian capital on the Hungarian cultural community of […]
The construction industry faced a number of challenges in 2023, but market expectations suggest that even this year will not be a boom year, according to an analysis by financial portal portfolio.hu. Last year, only a third of construction companies managed to increase their turnover compared to the previous year. Nearly half of the companies […]
The stock index of the Budapest Stock Exchange (BSE) rose this week, closing at 63,628.13 points on Friday, up 3.54% on the week to 2,173.51 points, MTI reported this morning with a brief analysis. The BUX ended Friday's trading session at a new historic high for the fourth time this week. The weekly turnover of […]
Hankook Tire Hungary Ltd., which has been operating in Hungary since 2007, is one of the country's largest foreign investors, which stands out not only for its economic performance but also for its social responsibility. According to the company's statement, it is important to contribute to improving the quality of life of the people living […]
In addition to the positive international sentiment, the Hungarian stock market also performed well today, with the BUX index setting a new historic closing high. Today, the BUX index ended the day up 0.9% on its last close. The BUX index is currently above its 20-, 50- and 200-day moving averages, so there is a […]
