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February 2024

48 hits

BSE: Outstanding Capital Market Performers Awarded

D&T
Feb 29, 2024

Despite the challenges, the BUX index rose by 38% in HUF and 49% in USD last year, the second best performance in the world after Nasdaq, Richárd Végh, CEO of the Budapest Stock Exchange (BSE), said at the BSE Best awards gala on Thursday, where capital market players with outstanding performance were honored in 25 […]

Green Globe Certification for Crowne Plaza Budapest

D&T
Feb 29, 2024

Crowne Plaza Budapest, a part of one of the world's largest hotel brands, InterContinental Hotels and Resorts (IHG), has achieved recognition for its sustainability efforts by obtaining the globally renowned Green Globe certification. To initiate the process, the hotel prepared a report on environmental and social initiatives taking place within the property. Subsequently, an accredited […]

Erste Group's Operating Profit Increased Last Year

D&T
Feb 29, 2024

Erste Group achieved an operating profit of EUR 5.5 billion in 2023, up 38% year-on-year, according to a preliminary profit outlook, the company said on its website on Thursday. The cost/income ratio improved to 47.6% from 53.4% as operating income growth outpaced operating expenses. Loans rose 2.8% year-on-year from EUR 202.1 billion to EUR 207.8 […]

HIPA Investors of the Year Ceremony

D&T
Feb 28, 2024

Top achieving foreign and local players were recognized in nine categories at the annual ‘Investors of the Year Awards’ gala in the Museum of fine Arts by the Hungarian Investment Promotion Agency (HIPA) to celebrate the results of 2023, which was yet another record year in the history of Hungarian investment promotion. The prizes were […]

1912 Rippl-Rónai Masterpiece at the Art and Antique Fair

D&T
Feb 28, 2024

A painting by József Rippl-Rónai that has not been seen for almost eighty years is the most valuable piece at this year's Art and Antique Budapest exhibition and fair, which starts on Thursday and will be hosted by the Bálna events center in Budapest. The painting, titled 'Szent Pál Fair', was painted in 1912 by […]

Wizz Air to Take Hungarian Olympic Team to Paris

D&T
Feb 28, 2024

Wizz Air will be the official carrier of the Hungarian team to the Paris 2024 Olympic Games, according to a cooperation agreement signed on Wednesday between the Hungarian Olympic Committee (MOB) and the airline. At the press conference held on the occasion of the ceremony, the agreement was signed by Wizz Air CEO József Váradi […]

GreenGo Car Sharing Expands Service Area in the Capital

D&T
Feb 27, 2024

GreenGo has added five new locations to its existing service area in Budapest, making car-sharing more accessible to around 300,000 residents, GreenGo told MTI on Tuesday. GreenGo cars can now be parked, rented and locked in outer districts like Csepel, Pesterzsébet, Pesthidegkút, Budaörs and Budafok, for example. The company stressed that their vehicles can be […]

Hungarian Parliament Elects a New President of the Republic

D&T
Feb 26, 2024

Tamás Sulyok was elected President of the Republic by the governing majority of Hungarian Parliament on Monday. The new head of state said he wants to build trust through mutual listening and understanding free of prejudice. The Constitutional Court president, who was the only candidate for the post, received 134 votes in favor in a […]

Hungarian Approval for Sweden's Accession to NATO

D&T
Feb 26, 2024

Hungarian Parliament has voted this Monday to give its assent to Sweden's accession to the North Atlantic Treaty Organization (NATO). Members of parliament approved the law on the proclamation of the accession protocol by 188 votes to 6, with no abstentions. The previously neutral northern European state, together with Finland, applied to join the military […]

Magyar Suzuki to Produce Its Own Electricity

D&T
Feb 26, 2024

Suzuki has inaugurated its own solar park at its Esztergom plant, the nearly HUF 800 million investment will cover 6-7% of the company's annual energy needs, the company's communications manager, Zsuzsanna Bonnár-Csonka told MTI on Monday. She highlighted that the solar panels installed on the roofs of the various units of the factory are an […]

Gedeon Richter Chairman of the Board Resigns

D&T
Feb 26, 2024

The Board of Directors of the Hungarian pharmaceutical company Gedeon Richter Plc. has informed the company’s shareholders in an extraordinary announcement that Erik Bogsch resigned from his position as Chairman of the Board with effect from March 1, 2024, while remaining a member of the Board. The Board of Directors accepted the resignation at its […]

BUX Index Rose on Falling Turnover This Week

D&T
Feb 25, 2024

The Budapest Stock Exchange's (BSE) share index, the BUX, rose by 493.43 points, or 0.75%, to end the week at 66,263.18 points, compared to the previous Friday's close. Total turnover fell from HUF 49.619 billion to HUF 48.912 billion on a weekly basis, with leading stocks performing mixed. In its weekly summary, Equilor Investment Plc. […]

Accor Closes a Successful Year in Hungary

D&T
Feb 23, 2024

Accor, the world's leading hotel group, achieved a record high EBITDA (earnings before interest, taxes, depreciation and amortization) of more than EUR 1 billion in 2023, and also closed a successful year in Hungary, the company told MTI on Friday. Accor achieved a record high result in 2023, with EBITDA crossing the EUR 1 billion […]

First BYD Passenger Cars Purchased in Hungary

D&T
Feb 23, 2024

The first BYD passenger cars sold in Hungary were handed over to their owners in a ceremony attended by BYD's top managers who are in Hungary for the first time. At the ceremony, Michael Shu, Managing Director of BYD Europe, recalled that the company entered Hungary 19 years ago as a bus manufacturer and started […]

Hungary Pledges to Approve Sweden's NATO Bid in February Amid Diplomatic Tensions

D&T
Feb 23, 2024

Hungary, the final NATO member yet to endorse Sweden's entry into the world’s largest military alliance, has signaled readiness to greenlight the Nordic nation's bid this month. Prime Minister Viktor Orbán, in a state-of-the-nation address in Budapest, hinted at a resolution to the standoff, marking a potential end to months of diplomatic deadlock. "Our disagreements […]

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