Organized by the Hungarian Orchid Society in collaboration with the Embassy of Ecuador in Hungary, the Hungarian Agricultural Museum in Budapest has recently hosted the "Mysterious Orchids of Ecuador" Orchid and Bromeliad Exhibition. The event was attended by members of the diplomatic corps, local authorities, business representatives, and the general public. Ecuagenera, an Ecuadorian company […]
Assets under management in investment funds increased by 1.9% to HUF 325 billion in October, meaning that at the end of the month members of the Association of Investment Fund Managers and Asset Managers in Hungary (Bamosz) managed HUF 17,214 billion in investment funds, the association has told MTI. Money market funds lost HUF 5 […]
Lidl Hungary would increase the number of its Hungarian stores from the current 210 to 250 in the next few years, with the chain opening its newest store in the capital's agglomeration, the chairman of the board of Lidl Hungary, Zita Szlavikovics has said at a press conference in Budapest. Speaking at the event organized […]
The AutoWallis Group achieved record Q3 revenue, the main driver of which continues to be the Retail Business Unit with its above market average growth of 16%. The revenue of the Group, present in 16 countries in the region, grew to HUF 291 billion and its EBITDA topped HUF 14 billion. The AutoWallis Group increased […]
For the seventh year running, JYSK stores across the country are closed for Christmas. This year, the Danish home furnishing chain, which has more than 900 active employees in its domestic retail business, has won several prestigious employer awards - and the closure is in their interests. JYSK has also seen a steady stream of […]
In addition to a basic salary, it is privacy and a supportive, friendly atmosphere that count when choosing a job, according to the eighth edition of PwC's Labor Market Preference Survey, which this year attracted more than 90,000 experienced employees, university students and students in public education or vocational training. The Most Attractive Workplace of […]
Mastercard launched its second Green Friday campaign, this year, the objective is to promote conscious food shopping and nutrition. Several Hungarian banks have joined the initiative, the credit card company's statement said on Friday. "The focus of this year's Green Friday is on sustainable food shopping and nutrition, as it is clear that many of […]
Hungary's struggling economy may find relief in 2025 as automotive giants BYD and BMW prepare to launch production at their new facilities, marking a significant expansion of the country's automotive sector. Chinese Ambassador Gong Tao announced during a recent visit to Szeged that BYD's first European plant will begin manufacturing vehicles in November 2025. Meanwhile, […]
The Hungarian automotive trading company AutoWallis Plc. has informed its investors on the website of the Budapest Stock Exchange that it intends to acquire a 100% stake in the holding company MILAN KRÁL HOLDING of the Czech Republic, for which it has submitted a request for preliminary approval to the Czech competition authority. MILAN KRÁL […]
There is a high degree of uncertainty in the target markets of the Hungarian economy, and the expected economic policy of the next US President also poses a number of risks for Germany and thus Hungary. Due to the weak economic situation, the German economy is not able to stimulate the Hungarian economy, said András […]
As part of its commitment to expanding its presence in Hungary, global animal vaccine producer Ceva-Phylaxia has announced an EUR 75 million investment, establishing a state-of-the-art unit in Monor dedicated to manufacturing inactivated, multicomponent vaccines, the Hungarian Investment Promotion Agency (HIPA) reports. Following the official groundbreaking ceremony for the 7,000-square-meter facility, production is expected to […]
Mol Petrochemicals is expanding its green power production with a 48-megawatt solar park, creating one of the largest solar parks connected to consumers, Mol Hungary's Managing Director announced on Thursday in Tiszaújváros, NE Hungary. Speaking at a press conference at the company's existing 6-megawatt solar park, György Bacsa said the new solar park will directly […]
Housing prices rose by 2.5% in October compared to a month earlier, compared to a monthly increase of only 0.9% in September; the year-on-year increase accelerated from nearly 7% in September to almost 10% in September, according to the latest housing price index from the Hungarian real estate site ingatlan.com. According to the portal's Thursday […]
Group revenue increased by 13.8% year-on-year in Q3 2024, reflecting continued growth in service revenue driven by customer base expansion and ARPU increases as well as impacts from the inflation-based fee adjustment at the Hungarian operation. Higher equipment sales and SI/IT revenue also contributed to the quarterly increase, Magyar Telekom reported on the website of […]
The Corvinus University of Budapest and KPMG, an audit, tax and business consulting firm, have signed a strategic agreement, a three-year partnership document signed by Bruno van Pottelsberghe, the university's president-rector, and Rezső Rózsai, the company's CEO, KPMG has told MTI. According to the information, the partnership serves to ensure that the latest technologies and […]
