The Centenary Foundation of Richter Gedeon Plc., a Budapest-based pharmaceutical company, will provide HUF 100 million in grants to public educational institutions for the development of equipment and technical conditions necessary for the teaching of natural sciences, the company told MTI on Monday. According to the statement, the foundation first published its call for the […]
The stock index of the Budapest Stock Exchange (BSE) rose on an upward trend this week, closing at a historic high of 70,378.92 points on Friday, up 1.21% to 842.36 points from a week earlier, MTI reported Sunday morning along with a brief analysis. The stock market turnover for the week was HUF 55.49 billion, […]
The LGBTQ community and their supporters marched in the Hungarian capital on Saturday as part of the Budapest Pride series of events, MTI reports. The procession, waving rainbow flags, set off from near the downtown area, was going along Andrássy Avenue to Heroes' Square and to the adjacent stage in front of Vajdahunyad Castle in […]
Hungary has unveiled "Make Europe Great Again" as the motto for its upcoming six-month presidency of the Council of the EU, starting on July 1. During this period, Hungarian diplomats will chair crucial meetings in Brussels and influence the bloc's political agenda. This slogan echoes "Make America Great Again," used by Donald Trump during his […]
The National Bank of Hungary (MNB) was the first in the Central and Eastern European region to join CASI, an international organization that aims to ensure that there are enough experts in sustainable investments worldwide, the central bank told MTI on Friday. Launched in early December last year, the CASI initiative provides sustainable finance capacity […]
The Chinese Cultural Center in the Hungarian capital opened its doors to the public on Thursday with a photo exhibition entitled ‘In the Mirror of the Silk Road - China through the Eyes of Hungarian Photographers’. The director of the center, Jin Hao said that after several years of careful preparation, the center is open […]
Hungarian companies that have actively promoted gender equality and implemented targeted measures to ensure that diversity, equity and inclusion are mainstreamed in their organizations and have demonstrated this in their applications, supported by objective data, have been recognized in a unique way. The Hungarian Business Leaders Forum (HBLF) has highlighted more than ten domestic companies […]
At its meeting on June 18, 2024, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided to cut the central bank's base rate by 25 basis points to 7.00%, lowering the two ends of the interest rate corridor by the same amount with effect from […]
The Hungarian-Turkish cultural season, which marks the 100th anniversary of the establishment of diplomatic relations between the two countries, has reached its halfway point. The season was launched with the slogan '100 events in the 100th year', and more than 70 cultural programs will be organized in Hungary in the first half of 2024, Gülsen […]
The private healthcare services group Doktor24 Medicina Plc. expects a turnover of HUF 16 billion this year, compared to HUF 14.5 billion in 2023, the company said after founding owners János Kóka and Róbert Lancz bought out financial investors and decided to make improvements. It currently employs around 1,100 staff and contributors, including 700 doctors […]
Airport Service Budapest Plc. (AS Budapest) and Menzies Aviation Hungary Ltd. will merge their activities to provide ground handling, cargo and lounge services at Budapest’s Ferenc Liszt International Airport as one company, pending approval by the competition authority, in order to provide more efficient and competitive services, AS Budapest told MTI. AS Budapest Plc. acquired […]
The European Court of Justice (ECJ) has imposed hefty fines on Hungary for what it describes as an "unprecedented and exceptionally serious breach of EU law." The decision follows Budapest's refusal to comply with a 2020 ruling concerning the treatment of migrants, which the court says Hungary has largely ignored. Hungary has been ordered by […]
The new headquarters of Richter Plc. in Kőbánya, the 10th district of the Hungarian capital was inaugurated on Thursday. The 17,400-square-meter building, which provides space for 450 employees, was completed with an investment of HUF 20 billion, financed by the pharmaceutical company from its own resources. Speaking at the opening ceremony, Energy Minister Csaba Lantos […]
PannErgy celebrated its 30th anniversary on the Budapest Stock Exchange (BSE) on Thursday, the company announced on the BSE website. Founded in 1922, the company was originally active in the plastics industry under the name Pannonplast, and through a strategic transformation, it has become a major player in the renewable energy sector. PannErgy is now […]
A consortium of financial investors, which also owns the Czech parcel delivery service Packeta, has bought the sector's competitor Foxpost from its Hungarian owners, the parties informed MTI on Wednesday. According to the information, the Wallis Group and Trueway (formerly Finext) sold the operator, which was the first player in the Hungarian parcel delivery market, […]
