CBRE, the world's largest real estate consulting firm, has opened an office in the SE Hungarian city of Szeged, CBRE Hungary Managing Director Lóránt Kibédi-Varga announced on Thursday in the city. The Managing Director stated that Szeged is a dynamically developing city with many Hungarian and international companies present. CBRE's position is that it can […]
China’s BYD, the world’s largest electric vehicle manufacturer is set to further expand its presence in Hungary by yet another major investment aiming at the production of electric trucks, the Hungarian Investment Promotion Agency (HIPA) reports. The EUR 75.7 million investment will add a 29,000-square-meter facility to BYD’s electric bus factory in Komárom – 90 […]
On André Kertész's 131st birthday, the Capa Center launched a new digital platform for its permanent exhibition dedicated to André Kertész. The website features curatorial texts, photographs of artworks and interiors, audio recordings, and a complete list of the Szigetbecse collection, helping visitors and those interested in the artist to delve deeper into his oeuvre. […]
Zwack Unicum Plc. informed its shareholders on the website of the Budapest Stock Exchange this Wednesday that the personnel changes in the Management of the Company that were projected in the company's announcement of January 21, 2025 –including a change in the position of CEO – have taken place. Chief Executive Officer Frank Odzuck and Deputy Chief […]
In its WittyLeaks series, Diplomacy and Trade regularly publishes the personal accounts of ambassadors and other mission leaders accredited in the Hungarian capital on their experiences on 'excursions' into Hungarian culture, art, gastronomy, customs, scenery, etc. This time, the Irish ambassador explains how baking binds Budapest and Dublin. Arriving on post, a new diplomat can expect to […]
The Hungarian subsidiary of German biotech company Verbio, XiMo is set to build its first industrial-scale facility in the country, leveraging its co-founder’s Nobel Prize-winning research in sustainable chemistry, the Hungarian Investment Promotion Agency (HIPA) reports.. The EUR 27.7 million investment launched in Gödöllő – 30 kilometers from the capital Budapest – will further strengthen […]
Logistics service provider HGL signed a lease agreement for another 10,000 sqm in the HelloParks industrial real estate developer’s Maglód megapark, just SE of Budapest. A statement released this Tuesday says the dynamically-growing logistics service provider started operations last year on 5,000 sqm in the MG1 warehouse of the industrial and logistics park located near […]
Thyssenkrupp Steering and L&T Technology Services have entered into a strategic partnership and will jointly establish a global software development center in India, the two companies announced on Monday in Budapest. In a joint statement sent to MTI, the two companies said that the partnership is a milestone for them in the implementation of modern […]
Kärcher has opened a state-of-the-art service and logistics center in Biatorbágy, just southwest of Budapest. The center was officially inaugurated this Monday. Anna Éber, managing director of Kärcher Hungary, which sells and services various cleaning systems, said at the event that the center, which was built with a HUF 50 million investment, represents a new […]
The National Bank of Hungary (MNB) is issuing collector coins named ‘Szent László király’ (Ladislaus I of Hungary) with a face value of HUF 500,000, in one ounce of fine gold; HUF 20,000 in one ounce of fine silver and a non-ferrous metal version with a face value of HUF 3,000 as part of the […]
ALTEO Energy Services Plc. announced on the website of the Budapest Stock Exchange that the closing conditions for the sale and purchase agreement for the acquisition of ÉLTEX Commercial and Transport Ltd. signed on December 20, 2024 by ALTEO Plc. and Global Refuse Holding Plc. have been fulfilled, and that as of this Monday, ALTEO […]
On June 27–28, Korean culture once again took center stage on Margaret Island, where the Kristály Színtér venue hosted this year's KoreaON 2025 festival. The two-day free event attracted huge interest again this year, with more than 10,000 visitors coming to take part in the celebration of Korean cuisine, music, dance and crafts. The program […]
European Commission Head Urges Hungary to Lift Ban on Budapest PrideEuropean Commission President Ursula von der Leyen has issued a direct appeal to Hungary, calling on Prime Minister Viktor Orbán's government to lift the controversial ban on this weekend’s Budapest Pride march. Her intervention marks a significant escalation in the ongoing standoff between Brussels and […]
Magyar Telekom, the leading Hungarian telecommunications service provider, has announced on the website of the Budapest Stock Exchange that it held an Extraordinary General Meeting, at which a decision was made to separate the Company’s passive mobile infrastructure portfolio into a 100% owned subsidiary. With the spin-off adopted by the General Meeting, Magyar Telekom Plc. […]
In May 2025, inflation rose to 4.4%, while core inflation fell to 4.8%. In the short term, partly mandatory, partly voluntary price restriction measures have a strong diminishing effect on inflation. At the same time, strong repricings can be observed in the pricing behaviors of companies, the National Bank of Hungary (MNB) reports on its […]
