The New York Café, considered the most beautiful café in the world, has reached another milestone as it turns 130 this year. The iconic establishment on Erzsébet körút in District 7 of the Hungarian capital will be open nightly from December 13 to January 6 – on a trial basis – with more people enjoying […]
CEE investment volumes hit EUR 5.0 billion in the first three quarters of 2024, up 24% year-on-year. This aligns with European and global market rebounds after a slow 2023. Year-end volumes may reach EUR 7.0 - 7.5 billion, about 30% below the 10-year average, Colliers reveals in its latest “Q1-Q3 CEE Investment Scene” report. Silviu […]
ANY Security Printing Company Plc. has released its 2024 January-September results, according to which its net sales first three quarters of this year amounted to HUF 52.8 billion which is higher by HUF 8.7 billion (20%) than in the previous year. A summary of the report says that changes in case of strategic product segments […]
The Hungarian subsidiary of the British DS Smith, a leading supplier of sustainable packaging solutions, is launching development projects at three of its Hungarian facilities simultaneously, the Hungarian Investment Promotion Agency reports. With a total investment of EUR 34.4 million, the production capacity of DS Smith Packaging Hungary Ltd. will increase by over 40 per […]
According to a survey by EY Hungary, the biggest challenges for companies are exchange rate risk and meeting expected wage increases, the international consultancy said, based on the results of a survey of 300 Hungarian tax and finance executives. Respondents also cited inflation, energy price volatility and ensuring adequate cash flow as other challenges to […]
Nestlé's factory in Szerencs, NE Hungary will be expanded with a new solar park with an annual capacity of 1.5 gigawatts with an investment of more than HUF 700 million with 45% support by the National Investment Promotion Agency (HIPA), the company told MTI on Friday. The system will come on stream in March next […]
Hungary is seeking to resolve its dispute with Brussels over the Erasmus+ and Horizon Europe funds, which has left 21 Hungarian universities excluded from these popular programmes. The government has amended a law criticized by Brussels while accusing the bloc of intentionally dragging out negotiations. The conflict over Erasmus began in December 2022, when the […]
The circular economy is a global imperative: it transcends geographical borders and requires cooperation between nations, organizations and stakeholders from different backgrounds. This key message was at the heart of the seventh Circular Economy Hotspot Summit this Thursday, a statement by the Business Council for Sustainable Development in Hungary (BCSDH) says. It was announced there […]
Thanksgiving is one of the most beautiful holidays of the year, when families and friends gather with their loved ones to give thanks for prosperity and shared moments. Traditionally, the centerpiece of the festive table is the roast turkey, which the dedicated team at Spago Budapest prepares again this year to eat it on the […]
South Korea’s food industry giant, CJ Foods, has chosen Hungary as the site for its first Central and Eastern European production facility. The company, renowned for its global production and distribution of staple foods, appetizers, and ready-made meals, has chosen Dunavarsány for this EUR 80 million greenfield project. The plant and logistics center set to […]
What does it mean to be well at a corporate and individual level? How do we impact not only profits but also mindset change? What makes a good leader and how to motivate employees? These were some of the topics on which leading figures in Hungarian business shared their thoughts on November 18 at a […]
EY, one of the world's leading providers of audit, tax, legal, strategy, transaction and business advisory services, has forecast a slowdown in global demand for pure electric, hybrid and plug-in vehicles (EVs) this year, but the firm's leading partner in its automotive industry group says the slowdown is expected to be temporary and manufacturers could […]
The first cargo flight arrived at Debrecen International Airport on Tuesday, the airport operator Debrecen International Airport Ltd. (DIA Ltd.) informed MTI in a statement. About 30 tons of e-commerce goods arrived with the Boeing 757 aircraft from China via Georgia. MTI was told that the plane's cargo will continue its journey by road to […]
Car-sharing service provider GreenGo is opening a new airport zone near the entrance to Terminal 2 of Ferenc Liszt International Airport in the so-called Holiday Parking, the company has told MTI. GreenGo has been offering a solution for getting to the airport for years: free shuttle buses provide access to the terminal entrance from the […]
At its meeting on 19 November 2024, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided on leaving unchanged the central bank interest rate at 6.50% with effect from November 20, 2024. According to a statement by the Monetary Council, the primary objective of the […]
