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Articles by Date

June 2024

18 hits

AS Budapest and Menzies Aviation to Merge Activities

D&T
Jun 14, 2024

Airport Service Budapest Plc. (AS Budapest) and Menzies Aviation Hungary Ltd. will merge their activities to provide ground handling, cargo and lounge services at Budapest’s Ferenc Liszt International Airport as one company, pending approval by the competition authority, in order to provide more efficient and competitive services, AS Budapest told MTI. AS Budapest Plc. acquired […]

Richter's New Headquarters in Kőbánya Inaugurated

D&T
Jun 13, 2024

The new headquarters of Richter Plc. in Kőbánya, the 10th district of the Hungarian capital was inaugurated on Thursday. The 17,400-square-meter building, which provides space for 450 employees, was completed with an investment of HUF 20 billion, financed by the pharmaceutical company from its own resources. Speaking at the opening ceremony, Energy Minister Csaba Lantos […]

Thirty Years on the Stock Exchange for PannErgy

D&T
Jun 13, 2024

PannErgy celebrated its 30th anniversary on the Budapest Stock Exchange (BSE) on Thursday, the company announced on the BSE website. Founded in 1922, the company was originally active in the plastics industry under the name Pannonplast, and through a strategic transformation, it has become a major player in the renewable energy sector. PannErgy is now […]

Czech Consortium Buys Parcel Delivery Service Foxpost

D&T
Jun 12, 2024

A consortium of financial investors, which also owns the Czech parcel delivery service Packeta, has bought the sector's competitor Foxpost from its Hungarian owners, the parties informed MTI on Wednesday. According to the information, the Wallis Group and Trueway (formerly Finext) sold the operator, which was the first player in the Hungarian parcel delivery market, […]

Magyar Suzuki Closed a Stable Year in 2023

D&T
Jun 12, 2024

The Japanese automaker Suzuki plans to introduce five electric models by 2030 as part of the green transition of the automotive industry, and Magyar Suzuki is aiming to have the Esztergom plant participate in the production of these models, said Magyar Suzuki Plc. CEO Masato Atsumi at a press conference in Budapest on Wednesday. Assessing […]

Budapest Mayoral Election Too Close to Call

D&T
Jun 10, 2024

Incumbent Gergely Karácsony won the election for the mayoral post of the Hungarian capital this Sunday but with only a few hundred votes and main rival Dávid Vitézy announced he would ask for a recount. Municipal elections in Hungary were held in parallel with the European Parliamentary elections in which the most Hungarian Euro MP […]

BUX Index Rose to a Peak This Week Amid Falling Turnover

D&T
Jun 9, 2024

The Budapest Stock Exchange (BSE) share index, the BUX, closed the week at a historic high of 69,879.43 points, up 2.91% on Friday, MTI reported this Sunday morning. The total turnover of the stock market decreased from HUF 93.818 billion to HUF 50.213 billion on a weekly basis. The leading shares rose during the week. […]

Indian Automotive Supplier Expands in Hungary

D&T
Jun 7, 2024

SMR Automotive Mirror Technology Hungary, a Motherson Group company, has announced to implement a EUR 33.3 million investment in Hungary. The Indian automotive supplier’s development aims to expand production and logistics capacities and install automation at four different sites in the country. A statement by the Hungarian Investment Promotion Agency says that  Indian-owned Motherson Group […]

Budapest Airport Homecoming: Hungary Reclaims Control

D&T
Jun 7, 2024

In a bold move signaling its commitment to national sovereignty, Hungary’s government has reclaimed Budapest Liszt Ferenc International Airport, the nation’s largest commercial airstrip. The state has officially repurchased the company managing the airport, according to a statement from the Ministry of Economy. The deal, valued at a whopping €3.1 billion (HUF 1.2 trillion), sees […]

International Sustainability Certification for Mol Group

D&T
Jun 5, 2024

The Mol Group has been awarded the International Sustainability and Carbon Certification (ISCC Plus) for the chemical recycling activities at the Mol Petrochemicals site in Tiszaújváros, NE Hungary. The certificate will enable the company to create a comprehensive value chain covering the entire life cycle of plastic waste, the company told MTI on Wednesday. According […]

Matild Palace Excels at Dining Guide Awards Gala

D&T
Jun 5, 2024

The Dining Guide TOP 100 Restaurant Guide has once again awarded the best hospitality establishments, luxury hotels, and professionals at national level, recognizing those who are the heart and soul of the hospitality industry. Matild Palace, a Luxury Collection Hotel, Budapest, triumphed in several categories this year, in addition to its restaurant, Spago Budapest making […]

70 Hungarian-Turkish Cultural Year Events in Hungary, So Far

D&T
Jun 4, 2024

The events of this year's Hungarian-Turkish Cultural Year are a great success in both countries. That is according to Turkey's ambassador to Hungary, Gülsen Karanis Eksioglu. In the first five months, almost seventy Turkish-organized events were held in Hungary, to Budapest said. Assessing the events of the season at a press breakfast on Tuesday in […]

Hungary's First Green Hydrogen Plant Inaugurated

D&T
Jun 3, 2024

Hungary's first green hydrogen plant was inaugurated at a ceremony in the Bükkábrány Energy Park in NE Hungary. The plant, which is now officially starting its trial operation, will produce hydrogen from renewable energy generated by the local solar park, not only to combat climate change but also to take a significant step towards energy […]

Budapest Airport: 28 Awards and Accolades in 18 Months

D&T
Jun 3, 2024

The last year and a half have been the most successful period in the history of the Hungarian capital’s Ferenc Liszt International Airport and its operator, Budapest Airport. In addition to the company working continuously and successfully on recovery from the coronavirus pandemic, closing its second profitable year since the epidemic last year and the […]

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