Retailer Spar Hungary has modernized three more stores, spending a total of nearly HUF 1.7 billion on renovating its stores in the towns of Kőszeg, Esztergom and Törökszentmiklós, the company told MTI on Thursday. The Kőszeg store was renovated with an investment of approximately HUF 640 million and provides employment for 20 people. HUF 471.5 […]
Office space in Sanofi's international business service center has recently more than doubled in size, the French pharma giant announced this Thursday. Located in one of the Hungarian capital’s most dynamic business districts on Váci út, the Sanofi Budapest Hub has grown by 8,000 square meters to a total of 15,000, providing state-of-the-art workstations, community […]
While some companies are postponing mandatory sustainability reporting for two years in line with the EU Omnibus Package, 40% of respondents to PwC's Global Sustainability Reporting Survey will report according to the original schedule, even if not required to do so by law, according to a PwC statement. This is because 38% of companies use […]
The Hungarian Electrotechnical Association (MEE) is organizing the 10th edition of its "What's your career path?" technical career choice festival series, which has helped more than 75,000 young people find their way in the technical world over the past decade. In this anniversary year, Budapest is once again the main venue, with the E.ON Sports […]
Solar power accounted for close to 30% of electricity generation in Hungary in the first half of 2025, more than in any other country covered in a global report by international independent think tank Ember, the Energy Ministry said in a post on social media on Wednesday. The Hungarian figure is more than three times […]
Hungary's general government deficit reached HUF 3,328.7 billion at the end of September, 69.7% of the full-year target, the Ministry of National Economy said in a preliminary release of data on Wednesday. The central budget gap reached HUF 3,267.4 billion and the social insurance funds were HUF 162.6 billion in the red, but separate state […]
A large number of outstanding applications were submitted for the 2025 'For a Sustainable Future' awards. The awards, established to recognize exceptional corporate and leadership achievements that contribute to achieving the UN Sustainable Development Goals and drive systemic change, have been presented — based on the decision of the professional jury — to Grundfos, Heineken, […]
German rail technology giant Siemens Mobility is expanding its research and development (R&D) center in Budapest through a series of international innovation projects, the Hungarian Investment Promotion Agency reports. The EUR 14.7 million investment further integrates the Hungarian R&D center into Siemens Mobility’s global innovation network and contributes to next-generation rail automation solutions. Supported by […]
The impact of climate change on business has shifted from being a distant threat to becoming part of our everyday reality. Today, business continuity itself is at stake. Companies can no longer focus solely on mitigating climate change; they must also simultaneously adapt to it. This was the central theme of BCSDH’s business lunch held […]
Infrastructure at an industrial park in Encs (NE Hungary) is being upgraded with HUF 800m in European Union and state support, the town told MTI. They added that the fundamental objective of the project is to develop an industrial park with basic infrastructure that meets investor requirements, good transport links and clear ownership structures, which […]
On June 6, 2024, the sale and purchase agreement for Budapest Airport Ltd., the operator company of the Hungarian capital's Ferenc Liszt International Airport, was signed. The Hungarian state acquired an 80% stake, while French co-investor VINCI Airports acquired 20%. As of the same day, François Berisot was appointed as the new CEO of Budapest […]
A consortium led by Veresi Paradicsom has developed an innovative method for the hydroponic cultivation of strawberries in a HUF 1.2bn project, the agribusiness told MTI. The three-year project, in which Veresi Paradicsom partnered with Bay Zoltan Applied Research Nonprofit, Carbotech Hungary and the Hungarian University of Agriculture and Life Sciences (MATE), was supported by […]
Consumer prices were 4.3% higher on average in Hungary in September 2025 than a year earlier. Compared to August, prices were unchanged on average, according to the country's Central Statistical Office. Food prices rose 4.7%, but increased just 3.0% excluding the price of eating out. The price of eggs jumped 18.2% and cooking oil prices […]
Inna Ocheretna will take over as managing director of Raben Trans European Hungary on October 1, Dutch logistics provider Raben Group told MTI on Tuesday. Inna Ocheretna joined the Raben Ukraine team in 2007, where she worked as managing director from 2019, according to the announcement. According to information on the Raben Trans European Hungary […]
The French-Hungarian Chamber of Commerce and Industry (CCI France Hongrie – CCIFH) will celebrate its 35th anniversary next year. On its website, it encourages its current and future members to boost their business with the participation and assistance of the Chamber. The organization's president, László Károlyi, and its director, Ágnes Ducrot, tell Diplomacy&Trade what kind […]
