Singapore-based advanced materials manufacturer Vulcan Shield Global (VSG) is set to start a series of high-tech investments in the southeastern Hungarian city of Békéscsaba, according to a statement by the Hungarian Investment Promotion Agency (HIPA). The specialist of extreme heat-resistant advanced alumina fibre products will implement three large-scale investments in the capital of Békés County, […]
The British International School of Budapest are delighted and proud of the outstanding results achieved by their graduating class of 2025. Our entire school community – students, teachers, parents and Leadership – are truly proud of the impressive outcomes achieved in the IB Diploma programme. Our average score of 34.4 points significantly exceeds the global […]
The United States has restored full access for Hungarian citizens to its visa-waiver program, rolling back limits introduced under the Biden administration. From September 30, Hungarians will once again be able to apply for Electronic System for Travel Authorization (ESTA) visas valid for two years and multiple entries, US Homeland Security Secretary Kristi Noem announced […]
AutoWallis' wholesale division has expanded with the addition of Xpeng vehicles, and the Chinese manufacturer also held its regional launch in Budapest, AutoWallis announced in a statement sent to MTI on Thursday. Xpeng is launching its models simultaneously in three markets: Hungary, Croatia and Slovenia. AutoWallis and Salvador Caetano's joint venture will handle import duties […]
More than 80% of domestic consumers care whether they buy Hungarian or foreign products, with 38% considering it particularly important, according to a new survey. One-third of consumers look for Hungarian brands and prefer them over foreign brands, one-third of shoppers look for Hungarian brands and prefer them over foreign brands, according to a nationally […]
Debrecen-based Sz. Variáns Ltd., which has been manufacturing high added-value, premium boxes, printed products and paper-based packaging materials since 1994, has multiplied its turnover and increased its profitability by more than 60% over the past decade, the company announced in a press release. The dynamically developing Hungarian family business, which now employs 75 people and […]
Budapest-based real estate investment and asset management company Indotek Group announced today that it has purchased a EUR 43.5 million portfolio of 524 residential and commercial properties in Spain. The deal was structured as a transaction involving both non-performing loans (NPLs) and real estate. The acquisition is a strategic milestone in Indotek's expansion in Iberia […]
Sweet yet bitter, a deep red classic cocktail topped with an orange slice – the Negroni. It is one of the most popular drinks worldwide. The International Negroni Week will once again be celebrated and Spago Budapest is joining the initiative in the second half of September. For one week, guests can enjoy a special […]
The Chinese car brand BYD's share of the Hungarian electric vehicle market is approaching 14% this year, BYD Hungary told MTI. The brand, which launched in Hungary in 2023, sold 1,180 passenger cars and light commercial vehicles in the first eight months of this year. The brand, which entered the Hungarian market in 2023, sold […]
The industrial property developer HelloParks, member of Futureal Group, is celebrating the fifth anniversary of its founding and will complete the development of more than 500,000 sqm of warehouse space in the Budapest metropolitan area this year. The founders recognised the opportunity in the growing demand for modern and green industrial facilities during the pandemic […]
The new leadership of the National Bank of Hungary (MNB) aims to cooperate with economic and financial market actors to promote sustainable economic development. That is according to MNB Governor Mihály Varga, speaking after the conclusion of a cooperation agreement with Dr László Nagy, President of the Supervisory Authority for Regulatory Affairs of Hungary (SARA). […]
This fall marks a special milestone for one of the most prominent players in Hungarian gastronomy: Nobu Budapest celebrates its 15th anniversary. On October 3 and 4, the Michelin-recommended restaurant will celebrate its birthday with two exclusive ‘World of Nobu’ Omakase dinners and a limited-capacity Sushi Masterclass, hosted by world-renowned chefs Go Namerikawa and Hervé […]
For the first time in Hungary, an award will be given exclusively to rural micro, small, and medium-sized enterprises. Organized by the Modern & Stylish Rural Business Community (MSVK), the Rural Entrepreneurs' Night powered by Volkswagen will be held on November 11 this year at the Eiffel Workshop in Budapest, where the Rural Entrepreneurs of […]
U.S.-based Support Services Group (SSG) expands its presence in Hungary with a new operation that further strengthens the country’s well developed Business Services Center (BSC) sector, according to the Hungarian Investment Promotion Agency. The multilingual customer support office is being set up in Szekszárd, nestled in southern Hungary. Implemented with the support of HIPA, the […]
As of October 1, Gyula Marik will serve as chairman of the board of directors at Shell Hungary Plc. in addition to his existing position as regional procurement manager, the company announced to MTI on Monday. Gyula Marik began his career in finance at Shell in 2001 after graduating from the University of Szeged. Over […]
