Hungary's GDP was boosted the most by the construction sector and real estate transactions, as well as by the balance of product taxes and subsidies, according to a report by the country's Central Statistical Office (KSH). The Central Statistical Office said Hungary's gross domestic product grew by an annual 1.5% in the second quarter of […]
The 39th Formula One Hungarian Grand Prix brought an explosive weekend to the capital, which was also enhanced by the Ed Sheeran concert on July 20. According to the data of the National Tourism Data Supply Center (NTAK), July 19-21. Budapest hosted 38% more foreign visitors and 36% more domestic travelers than last year. The […]
More people vacationed in Hungary this year than ever before: in the first two hundred days of the year, the number of tourists increased by nearly 12%, and the number of guest nights by almost 8% compared to last year, according to the Hungarian Tourism Agency (MTÜ). According to data from the National Tourism Data […]
The four new boats of Balatoni Hajózási Zrt. (Bahart Plc.) received prestigious international recognition just a few months after they were put in operation. The new boats won the world's most prestigious design award, the RED DOT Design Award, as well as the renowned international iF Design Award. The former can be won by excellence […]
77-year-old Pulitzer Memorial Prize-winning photographer, Tamás Révész co-authored a book with his teenage grandson living in New Jersey. Moreover, it recounts the first year of a poodle puppy's life, told from the perspective of the dog, narrated by the grandson, Joel Révész, and illustrated through the photographs of Tamás Révész, a photojournalist recognized with the […]
Is workplace well-being just a good-sounding concept, or is it actually a means of retaining the workforce? The latest research by No Fluff Jobs looked for the answer to what are the factors that can influence the development and satisfaction of employees, based on the experiences of IT and HR professionals. The report also reveals […]
Compared to recent years, the financial situation of Hungarians has improved in several respects: the number of those who have some money left at the end of the month has increased and the number of those who have no savings has decreased, according to a representative survey commissioned by Provident Financial Ltd.'s parent company International […]
The German do-it-yourself machine manufacturer Einhell, which has until now only carried out commercial activities in Hungary, is building a factory in the country, the Hungarian Investment Promotion Agency (HIPA) reports. The opening of a new facility employing 80 people marks a new chapter for Einhell, the German producer of battery-powered DIY and garden tools. […]
The new investment of about HUF 21 billion by BC GEN Hungary Ltd., an automotive supplier company with a South Korean ownership, will create four hundred new jobs in Salgótarján, Minister of Foreign Affairs and Trade Péter Szijjártó announced in Budapest. The development is supported by HUF 3.75 billion in Hungarian state subsidy. According to […]
Daniella Electricity further strengthens its market leader role in the region of Pécs by acquiring Elektro UNO's electrical products trading business unit. The transaction took place in June 2024, as a result of which the electrical products trading business unit of the long-established Elektro UNO, with 6 sites, will continue to operate under the Daniella […]
OXO Technologies merges with 3TS Capital Partner after acquiring majority ownership in the Finnish private equity and venture capital firm. Based on the agreement, OXO Technologies can first acquire a minority stake by purchasing shares after financial and legal due diligence is completed. Majority ownership can be acquired next year, according to the announcement, the […]
This morning, many passers-by noticed that a figure with an umbrella is standing with playful ease on the façade of the Széll Kálmán tér building that houses the MNB's Supervisory Center and the Money Museum in Budapest. The special attraction created on the occasion of the 100th anniversary of the Magyar Nemzeti Bank is not […]
The Formula One Hungarian Grand Prix, held annually at the Mogyoród track, just east of Budapest is important to Hungary both in terms of PR and prestige, according to Gergely Gulyás, Head of the Prime Minister's Office. Speaking to reporters in the Hungaroring paddock ahead of the 39th Hungarian GP near Budapest, Gulyás said most […]
The European Union announced its top officials will boycott informal meetings hosted by Hungary during the country’s EU presidency. This decision follows Hungarian Prime Minister Viktor Orbán's controversial meetings with foreign leaders about Ukraine, which have angered European partners. Some member states, however, are frowning on Brussels’ unprecedented move. The European Commission, the EU's executive […]
As a country of 10 million, Hungary can accommodate 20 million tourists, which can generate 50 million guest nights a year by 2030, up from the current 41.8 million, László Könnyid, CEO of the Hungarian Tourism Agency (MTÜ) said on Tuesday in Budapest during McKinsey & Company's "Budapest Awaits: Fulfilling the at a round table […]
