Hungary's MOL expects repairs at its Danube Refinery, following a fire in October, to finish in Q3 2026, the oil and gas company said in an announcement on the website of the Budapest Stock Exchange. MOL said the time required for repair was "subject to change" as a damage probe was still underway and the […]
One and a half million passengers and more than 40,000 tons of cargo were registered in November at Budapest's Ferenc Liszt International Airport, the airport's operating company, Budapest Airport said in its bulletin this Wednesday. 1,552,078 passengers traveled through Ferenc Liszt International Airport in November, 11% more than in the same period last year, while […]
American medical technology giant Becton Dickinson (BD) is expanding its Hungarian operations by introducing new service and manufacturing functions. BD is set to build a sterilization facility at its site in the industrial park of Környe, near Tatabánya, western Hungary, which has been operating for more than fifteen years. Supported by the Hungarian Investment Promotion […]
Eelection forms for the Hungarian parliamentary elections to be held in 2026 will be supplied by ANY Security Printing Company PLC, the company announced on the website of the Budapest Stock Exchange. The National Election Office signed a framework contract with ANY Security Printing Company Plc. on December 17, 2025 covering the production and supply […]
The Nobu Budapest Restaurant and Sushi Bar celebrated its 15th anniversary this October with memorable events, one of which was an exclusive Sushi Masterclass led by Go Namerikawa, Nobu’s Corporate Executive Sushi Chef to elevate the culinary skills of the limited number of participants. This special masterclass has been designed for both aspiring sushi enthusiasts […]
Hungarian oil and gas company MOL on Wednesday said it signed a production sharing agreement with Azerbaijan's state oil company SOCAR. The agreement, preceded by a heads of terms deal in June, is for exploration and production in Azerbaijan's Shamakhi-Gobustan area. MOL holds a 65% stake in the project and will act as operator. SOCAR […]
American cleaning product company Scrub Daddy is set to develop its Hungarian operation into a global production hub. After acquiring Rosmarin Plc., a Hungarian manufacturer of environmentally conscious household cleaning products in 2023, Scrub Daddy will expand the production unit in Mártély, south-east Hungary, with a EUR 3.8 million investment. Supported by the HIPA Hungarian […]
4iG Space and Defence Technologies has signed a memorandum of understanding with Lockheed Martin Global to explore and prepare potential defence cooperation, parent company 4iG said in an announcement on the website of the Budapest Stock Exchange on Wednesday. "According to the MoU, the cooperation aims to assess the preparation for the integration of advanced […]
The festive season is traditionally the time for exceptional flavors and remarkable drinks. This is when noble wines, rich sweetness and celebratory aromas take center stage. Few wine regions embody these qualities as perfectly as Tokaj, Hungary's most famous wine region, according to a press statement released this Wednesday. A UNESCO World Heritage site, Tokaj […]
E.ON Hungária Group is installing industrial-scale electric boilers capable of generating enough heat to heat nearly 1,500 homes annually in the district heating system of Székesfehérvár. The aim of the investment, worth more than HUF 4 billion, is to support the greening of Székesfehérvár by partially replacing fossil fuel-based heat generation. E.ON is installing industrial […]
The retail business of AutoWallis will launch sales of Chinese electric vehicle maker NIO's flagship brand and its compact firefly brand in Hungary from January, the car seller announced in Budapest on Tuesday. Sales of the NIO and firefly models will start at a brand dealership in the capital. The number of dealerships could be […]
Hungary's state-owned energy company MVM has signed a five-year agreement to buy 2 billion cubic meters of liquid natural gas (LNG) from Chevron. The deal was announced in Budapest on Tuesday. Chevron would deliver an annual 400 million cubic meters of LNG to MVM under the contract and thus, the United States LNG would become […]
Klaudia Pataki, the mayor of Kecskemét, southeast of Budapest, presented Markus Schäfer, a member of the board of Mercedes-Benz AG, with the Key to the City award at a ceremony in the Ministry of Foreign Affairs and Trade in Budapest on Tuesday. Speaking at the ceremony, Minister of Foreign Affairs and Trade Péter Szijjártó called […]
The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate unchanged at 6.50% at a monthly policy meeting on Tuesday. The Council also left the O/N deposit rate at 5.50% and the O/N collateralised loan rate at 7.50%. The rates mark the ends of the central bank's […]
A new, comprehensive financing option called the Green Momentum Loan Program is available from the Hungarian Development Bank (MFB). The program, which has a budget of approximately HUF 30 billion and consists of investment loans and working capital loans, aims to promote the transition of domestic businesses and organizations to sustainable operations, technological renewal and […]
