MVM OVIT Manufacturing, a unit of state-owned energy group MVM that makes substations and other transmission system infrastructure, has inaugurated state-of-the-art steel surface preparation and automatic painting equipment at its base in Göd, just north of Budapest, MVM Group informed MTI on Friday. According to the announcement, the new production line, consisting of two main […]
Home prices in Hungary rose 16.8% year-on-year in September, listings site ingatlan.com said on Friday. In the capital, Budapest, home prices climbed 22.1%. According to information from the real estate advertising portal, asking prices are 16.8% higher nationwide and 22.1% higher in Budapest than a year ago, but prices have risen at a similar rate […]
The Lumiere Festival taking place from October 11 to 19 in Lyon, France will feature Hungary as the guest of honor, with a special focus on the legacy of director István Szabó, Hungary's National Film Institute said on Friday. The festival will feature restored classics such as Apa (Father), the Oscar-winning Mephisto, and Being Julia […]
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In line with its strategic goals, AutoWallis continues to strengthen its position in the automotive retail sector after reaching an agreement to sell Lexus, Toyota's premium car brand. The region's leading integrated car dealer and mobility service provider opened its first Lexus showroom in Győr, bringing the number of brands represented by the company to […]
Hungary’s central bank will wait for inflation to decline in a sustainable manner before cutting interest rates. Policy makers are under growing pressure from the government to lower borrowing costs. Hungary’s central bank will wait for inflation to decline in a sustainable manner before cutting interest rates. Policy makers are under growing pressure from the […]
An exhibition on cities of Visegrád Group countries with boulevards – Szeged, Krakow, Brno and Košice – opened on Thursday at the headquarters of the Szeged regional committee headquarters of the Hungarian Academy of Sciences. Chief curator Máté Tamáska said at the opening of the exhibition dubbed 'Promenades, Trams, Palaces - The World of Tours' […]
Budapest Airport, part of the VINCI Airports network and operator of the Hungarian capital's Ferenc Liszt International Airport, organized the Air Cargo Day conference for the eighth time, bringing together professionals from the cargo supply chain. The event was attended by more than 250 logistics professionals from nearly 30 countries to discuss current issues in […]
The first domestic Michelin key hotel ratings are in: 13 establishments have been awarded the keys, considered the most valuable recognition in the hotel industry – the Michelin star of the hotel industry – two of which have earned two keys, while 29 hotels have been included in Michelin's prestigious list of recommended locations, according […]
The Sejong Institute, part of one of the world's best-known Korean language and culture education networks, officially opened its doors in Miskolc, NE Hungary, on October 9 with a program of Korean cultural events. The establishment of the institute reflects the significant growth in Hungarian interest in Korean language and culture in recent years. A […]
Established in 1947, the French Institute in Hungary is one of the oldest foreign cultural centers in Budapest. It has lived through many events in Hungarian history over these years, has organized numerous programs and collaborations, having moved within the city several times. The Director of the French Institute, Matthieu Berton, who is also Cultural […]
The local unit of Austrian-owned Wienerberger has successfully tested the use of hydrogen fuel for a brick drying oven at its base in Tiszavasvári (NE Hungary), the building materials maker said on Thursday. According to the announcement, Wienerberger Plc., in collaboration with the University of Miskolc and German burner manufacturer Scharr-TEC GmbH, has successfully carried […]
This Thursday, the Royal Swedish Academy of Sciences awarded the Nobel Prize in Literature to Hungarian writer László Krasznahorkai. According to the official statement, Krasznahorkai received the award for his visionary works, which demonstrate the power of art even in the midst of apocalyptic terror. This is the first time since 2002 that a Hungarian […]
Hungary's Government Debt Management Agency (AKK) sold HUF 82.0 billion of securities at auction on Thursday, HUF 32.0 billion more than planned, MTI reports. AKK sold HUF 22.0 billion of discount twelve-month T-bills, lowering its original offer by HUF 8.0 billion after primary dealers bid for just HUF 26.3 billion of the securities. Average yield […]
The Business Council for Sustainable Development in Hungary (BCSDH) has awarded HEINEKEN Hungária a sustainability prize for its carbon reduction program, the company announced in a press release. HEINEKEN Hungária won the award in the Climate Protection and Adaptation Category thanks to a technology that is expected to reduce carbon dioxide emissions by more than […]
