The Chinese Cultural Center in the Hungarian capital opened its doors to the public on Thursday with a photo exhibition entitled ‘In the Mirror of the Silk Road - China through the Eyes of Hungarian Photographers’. The director of the center, Jin Hao said that after several years of careful preparation, the center is open […]
Hungarian companies that have actively promoted gender equality and implemented targeted measures to ensure that diversity, equity and inclusion are mainstreamed in their organizations and have demonstrated this in their applications, supported by objective data, have been recognized in a unique way. The Hungarian Business Leaders Forum (HBLF) has highlighted more than ten domestic companies […]
At its meeting on June 18, 2024, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided to cut the central bank's base rate by 25 basis points to 7.00%, lowering the two ends of the interest rate corridor by the same amount with effect from […]
The Hungarian-Turkish cultural season, which marks the 100th anniversary of the establishment of diplomatic relations between the two countries, has reached its halfway point. The season was launched with the slogan '100 events in the 100th year', and more than 70 cultural programs will be organized in Hungary in the first half of 2024, Gülsen […]
The private healthcare services group Doktor24 Medicina Plc. expects a turnover of HUF 16 billion this year, compared to HUF 14.5 billion in 2023, the company said after founding owners János Kóka and Róbert Lancz bought out financial investors and decided to make improvements. It currently employs around 1,100 staff and contributors, including 700 doctors […]
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 […]
The European Court of Justice (ECJ) has imposed hefty fines on Hungary for what it describes as an "unprecedented and exceptionally serious breach of EU law." The decision follows Budapest's refusal to comply with a 2020 ruling concerning the treatment of migrants, which the court says Hungary has largely ignored. Hungary has been ordered by […]
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 […]
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 […]
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, […]
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 […]
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 […]
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. […]
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 […]
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 […]
