The Hungarian oil and gas company MOL Plc. has notified the capital markets on the website of the Budapest Stock Exchange that it entered into a sale and purchase agreement with ENEOS Materials Corporation of Japan pursuant to which ENEOS acquires MOL’s 49% stake in ENEOS MOL Synthetic Rubber Ltd. Following the transaction, ENEOS will […]
In the third quarter of 2024, Hungarian service exports calculated in EUR were 4.2% and their imports 1.9% higher than in the same period of the previous year. The surplus was EUR 3.5 billion, EUR 280 million more than in the third quarter of 2023, higher even than the record in the corresponding period of […]
Since spring 2019, Market Építő Plc. and its subsidiaries have completed more than EUR 367 million worth of site preparation and complete infrastructure works on 400 hectares on behalf of the City of Debrecen and the BMW Group. The construction company has informed that it had also completed the full construction of four buildings within […]
Prime Minister Viktor Orbán is poised to announce his choice for the next governor of the Hungarian National Bank (MNB) within days, as the tenure of the current chief, György Matolcsy, draws to a close. The selection process, which will also coincide with a cabinet reshuffle, is being closely watched amid economic turbulence and a […]
Blue Fox The Bar, one of Budapest’s best-known hotel bars, has been given a new look after 11 years of operation on the ground level of Kempinski Hotel Corvinus Budapest. From the overall concept to the most minute detail, the redesign introduces a new look, logo, interior design and updated menus. A statement by Kempinski […]
Raben Group and Sieber Transport AG have announced the signing of the agreement to jointly found Raben Sieber AG on March 1, 2025. The new company will offer a comprehensive groupage transport network in Switzerland and Europe. According to a Raben Group press release, with this partnership, the two companies are setting a strategic milestone […]
Within the framework of the ProviGreen program, a sustainability initiative of Provident Financial Ltd., together with the Municipality of Szekszárd, the employees of the financial service provider plant nearly 400 saplings along two cycle path sections in Tartsay Vilmos Street and Keselyűsi Road in the south-central Hungarian town. "Our city's network of cycle paths is […]
More than 175,000 users have saved nearly HUF half a billion forints at ORLEN petrol stations in Hungary this year as the region's largest oil company gives a HUF 10 discount on every liter of fuel to drivers using its mobile application. A company statement points out that since the launch in of December 21, […]
The New York Café, considered the most beautiful café in the world, has reached another milestone as it turns 130 this year. The iconic establishment on Erzsébet körút in District 7 of the Hungarian capital will be open nightly from December 13 to January 6 – on a trial basis – with more people enjoying […]
CEE investment volumes hit EUR 5.0 billion in the first three quarters of 2024, up 24% year-on-year. This aligns with European and global market rebounds after a slow 2023. Year-end volumes may reach EUR 7.0 - 7.5 billion, about 30% below the 10-year average, Colliers reveals in its latest “Q1-Q3 CEE Investment Scene” report. Silviu […]
ANY Security Printing Company Plc. has released its 2024 January-September results, according to which its net sales first three quarters of this year amounted to HUF 52.8 billion which is higher by HUF 8.7 billion (20%) than in the previous year. A summary of the report says that changes in case of strategic product segments […]
The Hungarian subsidiary of the British DS Smith, a leading supplier of sustainable packaging solutions, is launching development projects at three of its Hungarian facilities simultaneously, the Hungarian Investment Promotion Agency reports. With a total investment of EUR 34.4 million, the production capacity of DS Smith Packaging Hungary Ltd. will increase by over 40 per […]
According to a survey by EY Hungary, the biggest challenges for companies are exchange rate risk and meeting expected wage increases, the international consultancy said, based on the results of a survey of 300 Hungarian tax and finance executives. Respondents also cited inflation, energy price volatility and ensuring adequate cash flow as other challenges to […]
Nestlé's factory in Szerencs, NE Hungary will be expanded with a new solar park with an annual capacity of 1.5 gigawatts with an investment of more than HUF 700 million with 45% support by the National Investment Promotion Agency (HIPA), the company told MTI on Friday. The system will come on stream in March next […]
Hungary is seeking to resolve its dispute with Brussels over the Erasmus+ and Horizon Europe funds, which has left 21 Hungarian universities excluded from these popular programmes. The government has amended a law criticized by Brussels while accusing the bloc of intentionally dragging out negotiations. The conflict over Erasmus began in December 2022, when the […]
