The retail company Spar Hungary achieved gross sales of HUF 1,023.2 billion in 2023, 15.8% more than in the previous year, while the volume of products sold declined by about 4% year-on-year last year, the company's President and CEO, Gabriella Heiszler said at the company's annual press conference in Budapest on Wednesday. She pointed out […]
A new air service will be launched between Hungary and China, so from June this year, a seventh Chinese city, Shenzhen, will be directly accessible from Budapest, with two flights a week, according to the Hungarian Ministry of Foreign Affairs and Trade. The day before, it was announced that from this summer, Xian will also […]
The Monetary Council of the National Bank of Hungary (MNB) cut the key ECB interest rate by 50 basis points to 7.75%, and lowered the two edges of the interest rate corridor by the same amount at its interest rate decision meeting on Tuesday. At its most recent meeting in March, the board cut the […]
Startup Safari Budapest, the largest community event of the Hungarian startup ecosystem, will take place again on June 11, 2024. Going back to the roots of the conference, one can connect with the Hungarian startup world in several venues this year. Startup Safari has been taking place across Europe for more than ten years, and […]
Since the end of March, every Sunday between noon and 3pm, the Spago restaurant in Matild Palace is offering a Sunday Brunch experience that is without exaggeration unique in this genre, according to a statement. World-renowned chef Wolfgang Puck and the restaurant's executive chef István Szántó have followed the tradition of Sunday Brunch when creating […]
The Hungarian capital’s Ferenc Liszt International Airport has stepped up another level in environmentally conscious operation: it has achieved level 4+ 'Transition' in Airports Council International’s (ACI) Airport Carbon Accreditation program, the airport’s management company Budapest Airport reports. Less than 10% of the more than 550 airports participating in the assessment, only 52 airports, to […]
The Budapest Stock Exchange's (BSE) share index fell this week on rising turnover, with the BUX closing at 65,045.06 points on Friday, down 3.33% on the week to 2,244.01 points, MTI reported Sunday morning. The stock market turnover for the week was HUF 60.90 billion, down from HUF 58.04 billion the previous week, with the […]
Budapest Airport, the management company of the Hungarian capital’s Ferenc Liszt International Airport is providing its partners with a new competitive advantage, by introducing a state-of-the-art digital solution, the company says in its latest bulletin. By using a new, cloud-based Cargo Community System, all players in the air cargo value chain can make their business […]
The BMW Group has signed a partnership agreement with Lufthansa concerning travel to and from its car factory in the eastern Hungarian city of Debrecen, under which larger-capacity planes will be operated between Debrecen and the southern German city of Munich on Mondays and Fridays, according to an announcement at a press conference in Debrecen […]
The significant gold reserve strengthens the stability of the country, the economy and the image of the financial system, István Veres, Director of the National Bank of Hungary (MNB), wrote in a professional article published by the MNB on Friday, drawing attention to the fact that MNB has multiplied its gold reserve ahead of the […]
The tobacco factory BAT Pécsi Dohánygyár Ltd. invests EUR 150.7 million to add substantial capacities at its site in Pécs, S Hungary. The development will create 450 new jobs, according to a report by the Hungarian Investment Promotion Agency (HIPA). British American Tobacco (BAT) has been present in Hungary since 1992, in three locations in […]
In a fervent address at the National Conservatism Conference in Brussels, Hungarian Prime Minister Viktor Orbán called for a significant shift in European leadership during the upcoming European Union elections scheduled for June 6-9. Orbán criticized current EU leaders and voiced strong opposition to Ukraine’s potential membership in the EU or NATO. Hungarian Prime Minister […]
Provident employees, FTC footballers and members of the U10 junior team participated in tree and shrub planting, contributing to the enrichment of the Budakeszi Wildlife Park's plant population. All this could be realized in the context of Provident Financial Ltd.'s ProviGreen program on sustainability, under which the company is also trying to offset its annual […]
The Ferenc Liszt International Airport of the Hungarian capital has once again won Skytrax’s “Best Airport in Eastern Europe” award at the World Airport Awards. This year marks the eleventh time in a row that it has earned the prestigious accolade, based on passenger feedback, the management company Budapest Airport says in a statement. The […]
MVM Mobiliti Ltd. has received almost HUF 1.2 billion in subsidies for the installation of electric chargers, the company told MTI on Wednesday. With the contribution of the European Network Financing Instrument (CEF), four charging poles with a capacity of 150 kilowatts each will be built at 20 sites on sections of the Trans-European Transport […]
