American industrial automation giant Emerson is expanding its operations in Hungary through new smart investments that create high value-added jobs, while also joining the Government’s community of strategic cooperation partners. Emerson is set to invest EUR 6.2 million and create over fifty new jobs in two projects with the support of the Hungarian Investment Promotion […]
A HUF four billion development project has been launched at the Budapest site of 77 Elektronika Ltd. The medical diagnostics equipment manufacturer is relocating its entire Budapest production capacity to a single site and, at the same time, is implementing significant technological upgrades, the company told MTI on Wednesday. The 100% Hungarian-owned company is financing […]
PannErgy Plc. publishes a production report on a quarterly basis, presenting its production and utilisation of green energy. In its report, in addition to other useful information, PannErgy presents the green heat sales figures of its key geothermal energy production systems in the reporting period. In its extraordinary publication of October 1, 2024, the Company […]
The SpaceX Dragon space capsule carrying the members of the Axiom-4 mission, including Hungarian research astronaut Tibor Kapu, landed off the coast of California on Tuesday. The space capsule, named Grace, undocked from the International Space Station (ISS) at 1:15 p.m. Hungarian time on Monday to begin its 22.5-hour journey back to Earth. The capsule […]
Last month, the total installed capacity of solar power plants in Hungary exceeded 8,000 megawatts; the rise of green energy also contributed to the import ratio of electricity consumption remaining below 20% in the first half of this year, according to a social media post by the Ministry of Energy (EM) quoted by MTI on […]
The AutoWallis Group increased its vehicle sales by 3.4% in the first half of the year, mainly due to previously completed acquisitions in the Czech Republic, the company told MTI on Tuesday. According to the information provided, sales of new cars in the retail business segment increased by 18.8% to 5,849 units, with 1,131 of […]
The volume of industrial production lagged behind the one year earlier level by 2.6% in May 2024. The working day adjusted index is equal to the non-adjusted one, the Central Statistical Office (KSH) reports this Tuesday. Setbacks were measured in the great majority of manufacturing subsections, at the same time, production volume grew in the […]
Over the next two years, Hungary’s leading pasta producer, Gyermelyi Plc. will build and expand several production units. The investment program includes a new, fully automated high-bay warehouse, an expansion of pasta production capacity and packaging development, the Hungarian Investment Promotion Agency (HIPA) reports. With the support of the VIP Cash Subsidy Program, the investment […]
The performance of the hotel market in Central and Eastern Europe, and within that, Budapest, exceeded all preliminary analyst expectations in 2024. The sector's growth is likely to continue this year, with the number of international guest nights by the end of the year exceeding the previous record set in 2019, CBRE told MTI on […]
To mark France's national holiday, the French Institute in Budapest will once again hold its traditional street party on July 12 in Budapest. The free, open-air event will offer music, dance, and culinary programs from afternoon until late evening, guaranteeing a Parisian atmosphere, according to information provided to MTI by the French Institute in Budapest. […]
Hungary continues to face entrenched inflationary pressures, with new data confirming that price growth remains stubbornly high despite regulatory efforts by the government. Analysts expect this volatile trend to continue in the months ahead. Inflation accelerated in June, driven by rising costs in food, household energy, and services—even as Prime Minister Viktor Orbán’s administration enforced […]
Audi Hungaria has been manufacturing the second generation of the compact premium SUV since 2018. A few months ago, the millionth vehicle rolled off the production line, and following its world premiere in June, series production of the third generation is now beginning. This Thursday, the first vehicle – a sage green Q3 – rolled […]
The Korean Cultural Center in the Hungarian capital presents the ROYAL PALACE exhibition, the symbolic title of which evokes the history and artistic value of Korean embroidery. It features works by Lee Jungsook that reinterpret court embroidery from the Joseon period. Through them, the uniquely subtle beauty and deep cultural significance of Korean embroidery is […]
Students and lecturers from John von Neumann University in Kecskemét are participating in one of the world's most renowned sustainability and engineering challenges, the Bridgestone World Solar Challenge in Australia, with their own solar-powered vehicle, which they designed and built themselves. The university team is the only Hungarian participant in the competition. At the car's […]
Mol Limo's service is now available on a trial basis at Lake Balaton, Balatonfüred and Siófok. With this innovation, the car-sharing company is responding to users' growing demand for multi-day trips, Mol Limo told MTI on Thursday. During the trial period, which runs from July 10 until further notice, two types of cars – the […]
