Financial leaders in Central Europe are significantly more optimistic about 2023, with an improvement in the business environment in particular, but also a positive shift in other areas, according to a survey published by Deloitte on Tuesday. In a survey summarizing the views of Central European finance executives, Deloitte asked more than five hundred regional […]
The investment of the telecommunications company Optiwella was opened on Monday in the south-eastern Hungarian city of Szeged. The HUF 860 million development has created a new generation of service and production capacity in the plant, which processes and refurbishes a variety of devices, and was needed to improve international competitiveness. The project was supported […]
The Hungarian automotive company Autóflex-Knott Ltd. has completed an HUF 800 million development to increase its market share in the US and Europe. Hungarian taxpayers, thanks to a government decision, have provided HUF 400 million for the purchase of machinery to machine higher-performance parts. A solar panel system was also recently installed on site, enabling […]
The stock index of the Budapest Stock Exchange (BSE) strengthened this week amid falling turnover, closing at 66,527.41 points on Friday, up 1,142.81 points, or 1.75%, from a week earlier, MTI reported Sunday morning, along a brief analysis of the week’s trading. Turnover on the stock market was HUF 35.18 billion, up from HUF 39.49 […]
The foundation stone of the new production hall of the composite aircraft manufacturer Magnus Aircraft Plc. was laid on Friday. The facility will be built in Pogány, in the south of Hungary, as part of the company's HUF 6 billion development project. Speaking at the ceremony, Finance Minister Mihály Varga said the company's two-seat aircraft […]
The European Commission has raised alarm bells over Hungary's state construction investment law as the legislation might clash with regulations on public procurement, conflicts of interest, and the handling of EU funds. Critics point to the government's opaque exemptions for certain projects and unauthorized adjustments to property ownership rights, triggering a potential freeze on EU […]
Musical cooking experiences, an unusual country brunch, vegan dinners, Michelin-starred chefs, excellent wines, premium coffees and professional talks at SopronFest. From May 11 to 17, 27 gourmet events will take place in 12 restaurants and catering venues in Sopron, NW Hungary. Among others, Gianni, Lajos Bíró, Zsófia Mautner, Szabi the Baker and László Jahni, chef […]
The electricity company E.ON Hungária is installing more than 165,000 new smart meters in its service area. The HUF 10.1 billion investment is being carried out under the EU's Recovery and Resilience Instrument (RRF) program, with the Hungarian government providing upfront funding. State Secretary in charge of the project, Attila Steiner stressed that the government […]
An exhibition of the works of Hungarian-born photographers who emigrated to the United States and became famous there, including André Kertész, László Moholy-Nagy, Robert Capa and Martin Munkácsi, will be on display at the Museum of Fine Arts from this Saturday. The exhibition, which opens as part of Bartók Spring, features 170 photographs in collaboration […]
In order to protect birds, E.ON Hungária has laid underground cables to protect the overhead power lines at the Pusztazámor landfill site, the electricity company told MTI on Wednesday. The area around the landfill in Pest County is a habitat for many bird species, but the investment is also in the interest of the settlements […]
The volume of Hungarian export in goods decreased by 3.3% in January 2024 and that of import declined by 8.2% compared to the same period of the previous year. The surplus was EUR 583 million, the balance improved by EUR 986 million year-on-year, the Central Statistical Office reported this Tuesday. Compared to December, the seasonally […]
In April, for the first time in Hungary, the legendary car brand Mercedes will be presented together in Szeged, in one place, with a selection of 100 different, now classic models from the past 60 years, the organizers informed MTI. According to the press release, a hundred legendary vehicles, real rarities, beautiful car marvels and […]
A direct service by the Chinese logistics company Sinotrans between Shenzhen and Budapest, available from the end of March, offers a one-way capacity of more than 170 tons of air cargo per week, the site airportal.hu reports. According to a statement from Shenzhen Airport, the first Sinotrans cargo flight took off from Shenzhen in Kuangtung […]
