Last year, the Hungarian economy emerged from the most difficult phase of the crisis caused by the handouts before the 2022 elections and the global economic consequences of Russian aggression against Ukraine. However, according to research by the GKI economic research institute, the government's ideas are unlikely to put the economy on a sustainable growth […]
The stock index of the Budapest Stock Exchange (BSE) fell this week on a declining turnover. The BUX closed at 64,092.56 points on Friday, 488.31 points, 0.76% lower than a week earlier, MTI reported this Sunday along with a brief analysis. The total weekly turnover of the stock market fell from HUF 65.953 billion to […]
Global tax reforms are significantly changing the terms of transfer pricing, with companies most concerned about double taxation and inflation affecting the pricing of related party transactions in the long term, according to an Ernst & Young (EY) survey of large corporate executives in more than 40 countries, including Hungary. The international financial advisory firm […]
Lidl Hungary has won the 2023 Green Frog Award for the best sustainability report, while Graphisoft Park has been awarded the special prize for the first best report, Deloitte Hungary, the award's promoter, announced on its website. The consultancy firm said that the Green Frog Award aims to recognize companies where sustainability is an integral […]
HEINEKEN, a beer manufacturer with a presence in more than 70 countries worldwide, has chosen Siemens as a partner to implement its global net-zero emissions roadmap, which aims to reduce its direct (Scope 1) and purchased energy (Scope 2) emissions to net zero across all its production facilities by 2030. The two companies will thus […]
Hungary stands at a crossroads, facing mounting international pressure to cast the decisive vote for Sweden's NATO membership. Despite the urging from both sides of the Atlantic, Prime Minister Viktor Orbán's inner circle, including László Kövér, Speaker of the Hungarian Parliament, shows no signs of haste. International pressure is mounting on Hungary to cast the […]
Kempinski Hotel Corvinus Budapest has achieved Certified Silver Status through EarthCheck, the world’s leading business advisory group specializing in sustainability and destination management for the travel and tourism industry. This is such an important milestone, the hotel said in a press statement. “The EarthCheck Certified Silver confirms our mission and achievements in environmentally responsible practices,” […]
Sales of the Toyota brand could even expand in 2024 in Hungary, where market players forecast a further decline in new car sales, Toyota Central Europe - Hungary Ltd. said at a press conference in Budapest on Tuesday. According to the importer's executives, this is based on the brand's strong model offensive in a slowly […]
Last year, Hungarian tourism not only surpassed the results of the year 2022, but also reached and sometimes even exceeded the record year 2019, Zoltán Guller, Chairman of the Board of Directors of the Hungarian Tourism Agency (MTÜ), said at a press conference held on the basis of preliminary data in Budapest on Thursday. He […]
The Business Council for Sustainable Development in Hungary (BCSDH) has a cross-sector membership of more than 140 companies, enabling it to effectively promote partnerships to accelerate carbon neutrality and systemic processes. The organization has held its third Sustainability Partner Search for member companies this week with the event hosted by UniCredit Bank and the participants […]
As a result of their joint campaign last fall, Tesco and Nestlé have donated HUF 16 million to the Hungarian Food Bank Association, the latter informed MTI on Wednesday. As part of the charity campaign announced in the fall of 2023, Nestlé donated 1% of the value of the products sold in Tesco stores to […]
After the bronze medal at the European Championship, the Hungarian team of Renáta Somogyi, István Gaborecz, Sándor Fodor, Zoltán Gácsi, Krisztián Füredi won the bronze medal at the 10th anniversary Gelato World Cup in Rimini, Italy, the Hungarian Confectioners' Association announced to MTI on Tuesday. According to the information released, the bronze medal at last […]
From January to the end of April, ORLEN Hungary will own 63 petrol stations, which will make the company's pumps available at a total of 141 locations on the Hungarian market, ORLEN told MTI on Tuesday. According to the schedule, the company will open an average of four new units every week until the end […]
Wizz Air will provide around four million seats on its Hungarian flights to 70 destinations this summer season, thus maintaining its market leadership in Hungary, the low-cost airline told MTI on Tuesday. They stressed that in the travel period starting in April and ending at the end of September, they expect another outstanding result after […]
Almost 100% pure, plant fiber-based biomethane will be fed into the Hungarian natural gas network in cooperation between E.ON Hungária Group and Pannonia Bio Plc., E.ON told MTI on Monday. According to the information, Pannonia Bio buys more than one million tons of feed corn annually and three hundred thousand tons of barley almost entirely […]
