Fresh from a headline-grabbing rendezvous with US President-elect Donald Trump at Mar-a-Lago, Hungarian Prime Minister Viktor Orbán pivoted straight to a phone call with Vladimir Putin this week to discuss the war in Ukraine. The Hungarian premier is on a self-styled ‘peace mission’ ahead of passing the rotating EU presidency to Poland at the end […]
In compliance with its obligation to provide notification of extraordinary events as set out in a decree of the Minister of Finance, ALTEO Plc. has announced on the website of the Budapest Stock Exchange that this Thursday, the company exercised its purchase right under the contract concluded between itself and Callis Ltd., thus concurrently, the […]
In a private placement, the AutoWallis Group has issued EUR 20 million in bonds with favorable terms, contributing to the company continuing to bolster its position as a major regional car sales and mobility service provider. The funding aims to provide financing for the continued international expansion and the acquisitions of AutoWallis, currently present in […]
Gedeon Richter Plc. and Hikma Pharmaceuticals Plc. has announced that the U.S. Food and Drug Administration (FDA) had accepted for review the Biologics License Applications (BLA) for RGB-14, a Denosumab biosimilar candidate comprising two biosimilar products referencing Prolia® and Xgeva®, a human monoclonal antibody for the treatment of osteoporosis and fractures due to bone metastasis, […]
The 1,200-square-meter warehouse of the Continental Tobacco Group has been inaugurated at the Pataki Road industrial estate in Sátoraljaújhely, NE Hungary, the company told MTI on Wednesday. According to the information, the warehouse, which was built with HUF 463 million of the company's own funds, was completed as part of the tobacco company's HUF 16.5 […]
The 36th Annual General Meeting of the American Chamber of Commerce (AmCham Hungary) has elected Ákos Janza, MSCI's Global Head of AI and HR Transformation and Office Operations, as its President, the organization has told MTI. Ákos Janza will take over from Zoltán Szabó, Head of Sales and Customer Service Experience at Deutsche Telekom TSI […]
Tourism in Hungary is booming, and ‘Ferihegy’ [as Budapest’s Ferenc Liszt International Airport is commonly known] is Europe's fastest growing airport, Minister of National Economy Márton Nagy said at the Michelin Guide awards ceremony in Budapest on Tuesday evening, where he also thanked Hungarian gastronomy for its achievements. This year has been a record year […]
Matild Palace Hotel is creating a winter wonderland for this festive season, where a unique and modern combination of huge glass icicles and giant pearl ornaments will amaze visitors along with golden accessories that radiate elegance. Budapest's premier luxury hotel will make the Christmas period unforgettable again this year with special gastronomic offerings, such as […]
Black Friday and the Christmas gift-giving season place a huge burden on the logistics industry. Shoppers expect ever faster and more reliable service as standard, and it's easy to bleed if you make a mistake. Ádám Mészáros, Managing Director of DHL Express Hungary, spoke in the latest edition of the Sounds of Industry podcast about […]
The domestic real estate market has performed in line with preliminary expectations this year, with the number of sales expected to close around the middle of the 110-130,000 annual range, and a further 10-20% growth can be expected next year, real estate broker Duna House has said, based on its own data. The statement quoted […]
The construction of BMW's new Debrecen plant is proceeding at full speed, and the plans are unchanged, the plant's CEO, Hans-Peter Kemser has told MTI. In a statement, he wrote that no capacity had been reduced and there were no changes to the planned production of models. Pre-series production is underway and series production will […]
Transport company Waberer's, which regularly participates in the delivery of donations to the Hungarian Maltese Charity Service throughout the year, has dressed its truck in festive lights. This year, the company donated HUF 20 million to the charity in the form of sweets for 10,000 children in need on December 6, which is Santa Claus […]
Hungary's currency, the forint, has faced a turbulent year, losing over 7% against the euro so far in 2024. Global financial uncertainty has turned investor attention to the country's economic vulnerabilities, forcing Hungary’s central bank to halt its monetary easing and maintain the EU’s highest borrowing cost, tied with Romania at 6.5%. The latest blow […]
GLS Hungary has installed its 2,000th parcel machine in Budapest's MOM Park, thus covering about a quarter of the Hungarian parcel machine market; the continuous expansion of the network remains a key part of the company's strategy, the company told MTI on Thursday. They added that the company currently operates a total of around 3,050 […]
He’s not going to say no to the latest AirPods. She’s not going to turn down that designer weekender bag. But a new Mastercard survey exploring the preferences of Europe’s Gen Z reveals those gifts may be merely the means to an end: the experience itself, Mastercard explains in a press statement. For many younger […]
