Thyssenkrupp Steering and L&T Technology Services have entered into a strategic partnership and will jointly establish a global software development center in India, the two companies announced on Monday in Budapest. In a joint statement sent to MTI, the two companies said that the partnership is a milestone for them in the implementation of modern […]
Kärcher has opened a state-of-the-art service and logistics center in Biatorbágy, just southwest of Budapest. The center was officially inaugurated this Monday. Anna Éber, managing director of Kärcher Hungary, which sells and services various cleaning systems, said at the event that the center, which was built with a HUF 50 million investment, represents a new […]
The National Bank of Hungary (MNB) is issuing collector coins named ‘Szent László király’ (Ladislaus I of Hungary) with a face value of HUF 500,000, in one ounce of fine gold; HUF 20,000 in one ounce of fine silver and a non-ferrous metal version with a face value of HUF 3,000 as part of the […]
ALTEO Energy Services Plc. announced on the website of the Budapest Stock Exchange that the closing conditions for the sale and purchase agreement for the acquisition of ÉLTEX Commercial and Transport Ltd. signed on December 20, 2024 by ALTEO Plc. and Global Refuse Holding Plc. have been fulfilled, and that as of this Monday, ALTEO […]
On June 27–28, Korean culture once again took center stage on Margaret Island, where the Kristály Színtér venue hosted this year's KoreaON 2025 festival. The two-day free event attracted huge interest again this year, with more than 10,000 visitors coming to take part in the celebration of Korean cuisine, music, dance and crafts. The program […]
European Commission Head Urges Hungary to Lift Ban on Budapest PrideEuropean Commission President Ursula von der Leyen has issued a direct appeal to Hungary, calling on Prime Minister Viktor Orbán's government to lift the controversial ban on this weekend’s Budapest Pride march. Her intervention marks a significant escalation in the ongoing standoff between Brussels and […]
Magyar Telekom, the leading Hungarian telecommunications service provider, has announced on the website of the Budapest Stock Exchange that it held an Extraordinary General Meeting, at which a decision was made to separate the Company’s passive mobile infrastructure portfolio into a 100% owned subsidiary. With the spin-off adopted by the General Meeting, Magyar Telekom Plc. […]
In May 2025, inflation rose to 4.4%, while core inflation fell to 4.8%. In the short term, partly mandatory, partly voluntary price restriction measures have a strong diminishing effect on inflation. At the same time, strong repricings can be observed in the pricing behaviors of companies, the National Bank of Hungary (MNB) reports on its […]
E.ON Drive Infrastructure Hungary (EDRI) is increasing the capacity of its electric car chargers at ALDI stores across the country; with an investment of more than HUF 2 billion, traditional AC chargers will be replaced with fast chargers at 50 stores, the two companies announced in a joint statement to MTI on Thursday. The two […]
In May 2025, 1.7 million guests spent nearly 3.9 million tourism nights at tourist (commercial, private and other) accommodation establishments. The number of tourist arrivals was up by 3.5% and tourism nights by 1.9% compared to a year earlier, the Central Statistical Office (KSH) reported this Thursday. In January-May 2025, the number of domestic and […]
Total gross sales of Zwack Unicum Plc., the biggest player in Hungary’s spirit market, were HUF 38,788 million in the 2024-25 business year – a year-on-year increase of HUF 1,850 million (5.0%). The total gross sales include revenues from the deposit-refund system (DRS), which was introduced in Hungary on January 2024. During the 2024–2025 business […]
Following several delays in the past few weeks, Hungarian astronaut Tibor Kapu took off for the International Space Station (ISS) as part of the Axiom-4 mission at 8:31 a.m. Central European Time on June 25 from NASA's Kennedy Space Center in Florida. The four-member crew of the Axiom-4 commercial mission took off aboard a SpaceX […]
Domestic corporate sustainability continues to stagnate in the first half of 2025, according to the latest data from a representative survey of domestic companies with revenues exceeding HUF 300 million; K&H's sustainability index remains unchanged at 39 points, unable to break out of the narrow 38-40-point range for the fourth year in a row. According […]
This March, the Beijing Municipal Bureau of Culture and Tourism organized the cultural and tourism promotion event "Hello Beijing" in Budapest, attracting nearly a hundred participants, including tourism professionals, journalists and travel bloggers. The event provided a detailed presentation of Beijing's rich cultural and tourism potential, highlighting the city’s eight World Heritage Sites. For Diplomacy&Trade, […]
Eötvös Loránd University (ELTE) and Bosch Hungary have agreed to continue their cooperation for another five years, opening up new perspectives in the field of AI development in Hungary, the two organizations announced in a joint statement to MTI on Tuesday. They emphasized that their long-term strategic goal is for Hungary's first artificial intelligence industrial […]
