Hungary’s Törley winery plans to use half of its energy from renewable sources, halve its CO2 emissions by 2030 and reduce them to zero by 2040. Innovative developments in growing and production will also promote efficiency and sustainability, as well as mutually beneficial cooperation with nature, the company’s Managing Director Kornél Müller said in a […]
A new production line, which cost over HUF 1 billion, has been added at the Hungarian muesli production firm Cerbona, which now has four production lines, while the investment will double the company's production capacity for muesli bars. CEO Tamás Mészáros has said at a press conference that the investment was financed from own resources […]
Hungarian Prime Minister Viktor Orbán’s recent speech at the European Parliament ignited fierce reactions from EU lawmakers, as his stance on migration and his ties to Russia took center stage. Orbán, speaking as part of Hungary's rotating presidency of the European Council, called for a dramatic shift in how the European Union approaches migration, warning […]
Four SOR TNS 12 trolleybuses were put into service in the southeastern Hungarian city of Szeged on Thursday. At the ceremony, the CEO of the Hungarian Mobility Development Agency (HUMDA), Virág Mészáros said that there is no more important aspect in the field of mobility than sustainability. The four trolleybuses, which can cover a distance […]
The new 16,600-square-meter state-of-the-art production hall of the internationally owned ZF Chassis Modules Hungary was inaugurated in the Kecskemét Premium Industrial Park (KEPI) this Thursday. The state-of-the-art manufacturing building, developed by leading industrial real estate specialist Panattoni Hungary, was built under a build-to-suit (BTS) agreement with ZF Chassis Modules Hungary as a joint investment between […]
One of the most urgent sustainability challenges today is the dramatic rise in social inequalities and polarization, which also impact companies economically. Inequality is a consequence of our systems, and the solution lies in systemic transformation. Companies play an important role in this, primarily through their impact on employees and value chains. This was the […]
The Kempinski Hotel Corvinus Budapest has been recognized at two award ceremonies recently (the World Culinary Awards and the World Spa Awards), along with other Hungarian recipients (Felix Kitchen & Bar and Lua Resorts). At the World Culinary Awards (the sister event to World Travel Awards), which is celebrating its 31st anniversary this year, the […]
As of October 1, 2024, Serkan Hüsünbeyi took over as the new general manager of Budapest's premier luxury hotel Matild Palace. The distinguished professional joins the hotel with over two decades of outstanding management experience, during which he has gained extensive professional experience in some of the world's most renowned hotel chains. His appointment will […]
SAP Hungary has recently renewed its office lease agreement for over 18,000 square meters at Graphisoft Park, further demonstrating its commitment to its Hungarian operation, which has been hosted by the business park for 18 years. SAP was represented in the transaction by Colliers. Graphisoft Park, covering more than 80,000 square meters, is one of […]
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, […]
