Raiffeisen Bank Plc. closed the first half of this year with a consolidated after-tax profit of HUF 51.4 billion, which is 73% more than in the same period last year, the financial institution reported on the website of the Budapest Stock Exchange (BÉT). According to the company's business report, the main reason for the increase […]
Hungary's inflation rate inched up in July, surpassing the top end of the central bank's target range and narrowing the room for the continuation of its more than yearlong monetary-easing cycle. After two months of stagnation in the monthly rate of price increases, the pace of one-month inflation shows the same dynamic as the one […]
Erste Bank closed a successful first half of the year in Hungary with an operating profit of more than HUF 120 billion, up from HUF 93 billion in the previous year, and a nearly 60% increase in profit after tax to HUF 74.4 billion, Erste CEO Jelasity Radovan said at a press conference in Budapest […]
From June 2024, Anna Orosz has been appointed as Director of Corporate Affairs and Communication at HEINEKEN Hungária Breweries Plc. Over the past fifteen years, she has gained extensive experience in the field of corporate communications at Egis Pharmaceuticals, Lufthansa Systems,and Bristol Myers Squibb, among others. Anna Orosz was appointed as the new Director of […]
The most impressive view of the festive light show will be provided by The Duchess rooftop bar on August 20th in Budapest. From the terrace of the rooftop bar on the top of Matild Palace, a Luxury Collection Hotel, guests will be able to enjoy a beautiful panorama of the Elizabeth Bridge, the lights of […]
The world's largest sporting event, the 2024 Summer Olympic Games, is not only a celebration of passion for sport, but also a key milestone in the development of sustainability and environmental awareness. In addition to the outstanding performance of the athletes, the Paris Olympics also focus on emphasizing sustainable solutions and social responsibility. As the […]
China's BYD, the world's leading plug-in electric and plug-in hybrid (New Energy Vehicle – NEV) cars, appeared in Hungary in October last year, and after July this year, it is rapidly increasing its presence on the Hungarian new car market. it was already the best-selling car in the electric vehicle (BEV) segment. As BYD PR […]
In the Sziget Festival's area of just over one square kilometer, Yettel has built a network that can serve up to 60-80,000 people at the same time, the telecommunications partner of the event announced on the occasion of the opening of the festival. One of Europe's largest light music and cultural events attracts hundreds of thousands […]
This year marks the 30th time visitors cross the iconic K Bridge to the Freedom Island, where over 1,000 programs at 50 locations await them, celebrating a diversity of genres. Among the highlights are Kylie Minogue, Liam Gallagher, Martin Garrix and Sam Smith. The event will also feature the Great Street Theater and the ever-fantastic […]
Mike James, a British specialist, became the CEO of Dreher Breweries on August 1, taking over the position from former manager Gábor Békefi, who announced in March that he was retiring from the company's leadership. The new CEO came to head Dreher Breweries from the UK and Ireland business of Asahi Europe & International. His […]
Liberty's technology partner, CISDI, will receive financial support for the major investment in the Dunaújváros steelworks, for which CISDI Engineering and the Chinese Export and Credit Insurance Company (Sinosure) have concluded a credit insurance agreement in principle. The agreement covers an amount of EUR 1.3 billion and paves the way for the financing of Liberty's […]
Refik Anadol's Rumi Dreams exhibition opened on Saturday at the Modern and Contemporary Art Center (MODEM) in Debrecen, E Hungary; the world-famous Turkish-American media artist's video work, which requires a 32-square-meter LED wall, was made in memory of the poet, philosopher, and scientist Mevlana Jallaludin Rumi, who lived in the 13th century. Gülsen Karanis Eksioglu, […]
Those held on the national holiday of August 20th are “among the most serious events in the country in terms of the interest and number of participants it attracts,” according to the Hungarian state secretary for international communication and relations. State secretary Zoltán Kovács said in a statement that hundreds of programs will be on […]
As part of an experimental project, a quarter of the fuel used in the production of bricks was replaced with hydrogen at the Wienerberger Plc. plant in Tiszavasvári, NE Hungary. The first phase of the joint research started last year with the University of Miskolc was completed in April. In preparation for the work, new […]
Hungary’s economic growth bubble burst in the second quarterHungary’s economy contracted in the second quarter, keeping the country’s GDP on a zig-zagging course. Despite continued government optimism on the growth outlook, some analysts are lowering their GDP forecast for the year. In the run-up to the release of second-quarter GDP, forecasts for the performance of […]
