According to the latest report by the European Union, Hungary performs below the EU average in terms of digital skills: only half of the population possesses at least basic digital skills, which is slightly below the EU average and makes the 80% target set for the end of the decade seem distant. However, the solution […]
Bio-Thera Solutions, a commercial-stage biopharmaceutical company developing a pipeline of innovative therapies and biosimilars, and Gedeon Richter have reached an exclusive commercialization and license agreement for BAT2206, a biosimilar candidate to Stelara, it was announced on the website of the Budapest Stock Exchange. Under the agreement, Bio-Thera will maintain responsibility for development, manufacturing, and supply […]
Hungary's external trade balance and its impact on the economy are regularly discussed by analysts, but it is mostly the trade balance in goods that is discussed. However, the other important component of the domestic external trade balance, the external trade balance in services, is also important to address in the shadow of the reindustrialization […]
Hungary’s 77 Elektronika Group has made the first Hungarian machinery industry investment in China. The company, which develops and manufactures medical electronics products and is in whole Hungarian ownership, has set up a plant near Shanghai with an investment of almost USD 2 million, it told MTI on Tuesday. According to the statement, the plant […]
Hungarian chief financial officers (CFOs) are becoming more comfortable with new technology, but face more complex regulatory compliance and ongoing cost-cutting pressures. They expect the rise of automation and digitization to fundamentally reshape their role, according to PwC's 6th edition of its Financial Leadership Survey. One of the key findings of the survey is that […]
The National Bank of Hungary (MNB) has re-launched its financial awareness campaign "Small things go a long way,” which encourages retail customers to achieve greater financial security by rethinking their everyday financial habits and training their savings, MNB told MTI on Monday. According to the statement, "money-sucking" items can be hidden in people's everyday spending, […]
The Hungarian forint has dropped to its lowest level in 18 months, driven by escalating tensions in the Middle East and recent rate cuts by the National Bank of Hungary (NBH), prompting investors to pull back. Despite these challenges, the central bank has reassured markets that it will maintain a "disciplined and tight" monetary policy […]
After 11 years, the National Association of Facility Management, Building Operation and Maintenance Service Providers (LEO) has undergone a complete makeover, the organization has announced. The rebranding is aimed at strengthening the brand position, increasing professional credibility, being more active in member recruitment and presenting a professional image on the international scene. The logo facelift […]
Indotek Group has announced the appointment of Philip Wood as Head of International Transactions & Asset Management as of October 1, 2024. In this role, he will oversee the asset management group’s international expansion strategy, focusing on key markets in Central, Southern and Western Europe. He will lead the company’s efforts to explore new market […]
GKID has entered into an agreement with PwC under which PricewaterhouseCoopers Magyarország Ltd. acquires a 100% stake in GKID Research & Consulting Ltd. This acquisition will expand PwC’s consulting business with e-commerce, package logistics, media market as well as data service and market research expertise, PwC Hungary says in a statement. Under the terms of […]
The Hungarian real estate brokerage firm Duna House estimates that 9,754 residential properties changed hands, up 21% year on year, and that HUF 112 billion worth of housing mortgages were taken out in September 2024 in Hungary, more than double (+106%) of the base period's data. The number of transactions in the first nine months […]
The Cofidis Group has successfully completed the acquisition of Magyar Cetelem Bank Plc., the Hungarian subsidiary of BNP Paribas Personal Finance Group, Cofidis has announced. According to the statement, Cofidis Group has strengthened its position in the Hungarian market and the Central European region. Gilles Sauret, Chairman of the Board of Directors of the Cofidis […]
There are already one million users of the REpont application developed for the mandatory return system of beverage packaging, two thirds of the registrants joined in July and August, MOHU MOL Waste Management Ltd. has told MTI. The REpont app, which has been one of the most popular apps on internet download sites for weeks, […]
ENVIRONTEC powered by ÖKOINDUSTRIA, the first international environmental, waste water and sustainability exhibition, opened on Tuesday at the Hungexpo fair and exhibition site, with almost 100 exhibitors from eight countries presenting their innovations and technological developments in the field. The three-day event, which will focus on the latest environmental innovations, will provide an excellent opportunity […]
Starting October 1, 2024, László Radványi will succeed Tamás Lőcsei as the new Country Managing Partner of PwC Hungary. Tamás Lőcsei will transition to overseeing key projects in Central and Eastern Europe (CEE) and driving local business development in Hungary, according to a press statement by PwC Hungary. László Radványi, who has been with PwC […]
