Eco-First Ltd, a wholly-owned subsidiary of Alteo, and Mol Plc. have signed a long-term service contract for the utilisation of high inert natural gas, Alteo Energy Services Plc. announced on the website of the Budapest Stock Exchange (BSE) on Monday. Under the 10-year contract, Eco-First will be responsible for preparing the high-inert gas extracted by […]

On August 31, Budapest Airport, the operator of the Hungarian capital’s Ferenc Liszt International Airport, will launch its 12th charity run, which has been open to civilians, besides aviation employees, since last year, the company says in a statement. Athletes taking part in the Runway Run can run their chosen distance on runway I at […]

The Hungarian Association of Executives has held the Manager of the Year Awards for the 29th time and the Manager of the Year Award 2023 has been awarded to Radovan Jelasity, CEO of Erste Bank. The Hungarian Association of Executives awards the prize to an outstanding top manager on the basis of his or her […]

The Budapest Stock Exchange (BSE) share index, the BUX, closed the week at 68,846.13 points, up 757.89 points or 1.11% on the previous Friday, MTI reported Sunday morning with a brief analysis of the week’s trading. Although only four trading days were held during the week due to the Pentecost holiday, the total turnover of […]

The factory-owned subsidiary, which represents the BMW and MINI brands in Hungary, was founded in spring 2004, the company says in a press release. Over the past twenty years, the company, now operating under the name BMW Group Hungary, has enjoyed almost uninterrupted growth in sales and after-sales service, building a nationwide dealer and service […]

Hell Energy's HUF 80 billion capacity expansion investment in Szikszó, NE Hungary, has been inaugurated, creating 240 new jobs and strengthening the soft drink company's leading position in several countries around the world, according to a statement by the Ministry of Foreign Affairs and Trade. At the handover ceremony of the HUF 80 billion joint […]

CallComm Plc. has inaugurated its new office in Nyíregyháza (NE Hungary), located within the local university building. This EUR 2.7 million investment has created 100 new jobs and launched professional and foreign language training programs for 150 employees, paving the way for the company's future international expansion, the Hungarian Investment Promotion Agency (HIPA) reports. Founded […]

Natália Oszkó-Jakab, co-chair of the Hungarian Tourism Program Foundation and head of the Valley of Arts Festival, has been elected to the Board of the European Festivals Association, alongside the directors of the Ravenna and Edinburgh Festivals. This will enable the representation of the interests not only of Hungary, but also of the Central and […]

In a move mirroring April's decision, the National Bank of Hungary once again trimmed key interest rates by 50 basis points this week. However, the monetary policy outlook beyond June remains clouded in uncertainty, with the central bank's cautious and patient approach suggesting a narrowing margin for further easing maneuvers. One more rate cut is […]

The 'UNITED - Passion, Show & Party' is an exclusive evening that promises to capture the essence of passion, entertainment, and style. Set against the stunning backdrop of Budapest, this event offers a perfect blend of business and pleasure, fashion and festivity, according to the organizer ITL Group. Themed 'United by passion for enterprise', the […]

Siemens Energy's Budapest plant, which provides a secure livelihood for more than 2,000 people, has expanded its portfolio with the production of gas turbine combustors in the multifunctional center, the Hungarian Investment Promotion Agency (HIPA) reports. The three-part investment program, worth over EUR 60 million, will open a new era for the Hungarian subsidiary and […]

The Hungarian Joint Venture Association (JVSZ) and the Hungarian Economic Development Agency (MGFÜ) have signed a cooperation agreement aimed at providing Hungarian SMEs with more effective access to available financing and professional support, the organizations told MTI on Wednesday. The agreement also gives special attention to the coordination of business development activities, they added. They […]

Hungarian banks have disbursed almost HUF 880 billion in loans through the Green Capital Requirement Relief Program of the National Bank of Hungary (MNB), according to the aggregate amount disbursed by the end of 2023. The head of MNB's Sustainable Finance Department, Norbert Holczinger said at a press event in Budapest on Wednesday said that […]

The 2026 UEFA Champions League final will be held in the Puskás Arena in the Hungarian capital, the European Football Association (UEFA) executive committee has decided at its session in Dublin on Wednesday. Hungary will host club football's most prestigious match for the first time in its history. In the past, the UEFA CL final […]

The Hungarian energy company ALTEO reported its 2024 Q1 earnings on this Tuesday 2024. In a nutshell the Company’s EBITDA decreased by 43% compared to a year ago from HUF 7.8 billion to HUF 4.5 billion in the first three months of 2024. The revenue decreased by 26% from HUF 36 billion to HUF 27.7 […]