The European Commission has initiated legal proceedings against Hungary's newly passed "sovereignty law," underscoring the ongoing tensions between Brussels and Budaőest. The legislation, ratified by the Hungarian parliament in December, has sparked controversy for its potential to infringe upon fundamental democratic principles and rights. The contentious law introduces the "Office for the Defence of Sovereignty," […]
The 4 millionth car was produced at Suzuki's Esztergom plant, northwest of Budapest, on Thursday, with the company planning to produce 130,000 cars this year, following 160,000 in 2023, Magyar Suzuki Plc. told MTI. Deputy CEO Róbert Krisztián recalled to journalists at the factory that production at the Japanese carmaker's Hungarian plant started in 1992. […]
Zwack Unicum Plc. achieved gross sales of HUF 31.58 billion in the first three quarters of the 2023-2024 financial year, up 3.4% year-on-year, while its profit after tax was HUF 3.2 billion, a 16.4% decrease, the company announced on the website of the Budapest Stock Exchange (BSE) on Tuesday. According to the report, net sales […]
Two new items from the former Corvina Library of Hungary’s King Matthias and the earliest panoramic photograph of Istanbul, consisting of ten images, have been made available to the public in the digital collection of the National Széchényi Library (OSZK). The inclusion of the new items was announced at a press event, which was part […]
IHG Hotels & Resorts, one of the world’s leading hotel companies, announced during the HOTCO international hotel investment conference in Vienna its first Holiday Inn & Suites property in Europe with the signing of Holiday Inn & Suites Budapest Centrale – part of its Holiday Inn Hotels & Resorts brand. Set to open in late […]
The stock index of the Budapest Stock Exchange (BSE) rose this week, closing at 65,290.31 points on Friday, up 1,197.75 points or 1.87% from a week earlier, MTI reported on Sunday with a brief analysis of the week’s training. The weekly turnover of the stock market was HUF 70.77 billion, up from HUF 65.71 billion […]
For the eleventh time, Magyar Posta, the Hungarian Post Office, is issuing a stamp design with motifs of the Chinese horoscope, this time to greet the upcoming period between February 10, 2024 and January 28, 2025, the Year of the Dragon. According to Dr. Barnabás Balczó, Chairman and CEO of Magyar Posta Plc., "just as […]
China’s BYD, the world's leading electric vehicle (EV) manufacturer, has set its sights on Hungary for its first European auto factory. BYD's groundbreaking initiative marks a significant leap forward for the automotive industry, green energy, and international cooperation. The signing of the preliminary and purchase agreement for the site in Szeged, southern Hungary, heralds BYD's […]
An uncompromised lunch menu, with the best quality ingredients, carefully prepared and served a tad simpler than the evening. New this year, Spago Budapest offers a completely different experience at lunchtime compared to the evening meal, without compromising on the high quality the restaurant is known for. The innovation is also partly a response to […]
Representatives of the hydrogen organizations of nine Central European and Baltic states signed the official cooperation agreement of the 3 Seas Hydrogen Council (3S) in Paris, aiming to develop the region's hydrogen sector, the Hungarian Hydrogen Technology Association informed MTI on Thursday. At the Hyvolution conference, the world's leading hydrogen technology showcase, which closed on […]
Provident Financial Ltd., as one of the leading players in the Hungarian financial sector, has previously announced its cooperation with the BOM Foundation for Hungarian Sport. Now, the CEO of Provident, Botond Szirmák has joined the Board of Trustees of the Foundation and pledges his continued support for Hungarian sports. In a statement released this […]
In 2023, domestic output prices rose by 25.4% and non-domestic output prices decreased by 0.7%, so industrial producer prices together were 7.8% higher than in 2022, the Central Statistical Office (KSH) reported this Wednesday. Industrial producer prices were 7.2% lower on average in December 2023 compared to one year earlier. Domestic output prices were cut […]
In December 2023, 1.1 million guests spent 2.7 million tourism nights at tourist accommodation establishments (commercial, private and other accommodation establishments). The number of guests was 16% higher and that of tourism nights 13% higher than a year earlier, the Central Statistical Office (KSH) reports. The number of nights spent by domestic guests increased by […]
Tamás Günzer, recently named Wine Producer of the Year by the Hungarian Wine Academy has received MTI's photographer in his wine cellar in Villány, southern Hungary. Tamás Günzer's family of winegrowers cultivates 75 hectares of vineyards, from which they produce 5,000 hectoliters of wine annually. It's a real family business, where everyone has found the […]
An occasional All Star bagpipe band performed this Monday at the changing of the guard on the occasion held by the Hungarian-Scottish Society and the Robert Burns International Foundation at the main staircase of the Hungarian Parliament building to mark the 265th anniversary of the birth of Scottish national poet Robert Burns. The birth anniversary […]
