The power of sport for the future: Provident Financial Ltd. and the Hungarian Interchurch Aid have jointly launched the Dream Championship program, which creates opportunities for development and community building for young people living in disadvantaged communities. The soccer tournament offers new opportunities for participating children not only on the field, but also in other […]
MBH Bank and the Hungarian Export Promotion Agency (HEPA) signed a cooperation agreement in May last year with the aim of coordinating their activities and clientele in order to provide even more effective support to Hungarian companies operating in export markets or just planning to appear there. The main objective of the agreement is to […]
Record passenger traffic is expected at Ferenc Liszt International Airport this summer, for which Budapest Airport started preparing last fall. By providing adequate resources, as well as precise planning and close cooperation with members of the airport ecosystem, the airport operator Budapest Airport says it is ready to handle the traffic of the coming months […]
According to a statement from the Hungarian Ministry of Foreign Affairs and Trade, the South Korean company's investment of approximately HUF 22.5 billion is aimed at improving battery manufacturing processes. Hungarian taxpayers contributed HUF 5.5 billion to the project, helping to create a number of high value-added jobs requiring serious engineering skills. According to the […]
This year, the 75th FIABCI Congress was held in Lagos, Nigeria, with the FIABCI World Prix d’Excellence awards gala as its highlight. Hungarian developers were once again successful, winning three gold and one silver medals to finish first among European countries and third worldwide, according to a statement issued by László Gönczi, president of the […]
As a government institution, HEPA Hungarian Export Promotion Agency aims at providing high quality services in order to support the further export success of Hungarian enterprises and improve the country’s international image. The Agency works in close co-operation with other state-owned institutions of economic background. Its mission is to see more and more quality Hungarian […]
According to the Provident Barometer, a recent representative survey commissioned by Provident, the working-age population between 18 and 35 years of age are regular savers, while the proportion of people in debt is highest among middle-aged people (36-50), and a significant proportion of those over 50 are barely making ends meet. Significant savings are the […]
Delta Technologies Plc. and the owners of Robotizálunk Ltd. have signed a letter of intent regarding the purchase of a 51% stake in Robotizálunk Ltd. The acquisition offers growth opportunities for both companies, while also strengthening their professional competencies. The transaction, which fits closely with Delta's acquisition strategy, is expected to be followed by further […]
AccorInvest has changed its name and corporate identity and is now operating under the name Essendi, including in Hungary, the hotel operator announced to MTI. French-owned Essendi operates 576 hotels in 24 countries under international brands such as ibis, ibis Styles, Mercure, and Novotel. It has ten hotels in Hungary in its portfolio. At the […]
The volume of industrial production in Hungary lagged behind the one year earlier level by 5.0% in April 2025, based on working-day adjusted data, declined by 2.3%, the country's Central Statistical Office (KSH) reports. Production dropped in the great majority of manufacturing subsections, at the highest rate in the manufacture of electrical equipment. According to […]
Hungary’s inflation rate picked up in May for the first time in three months, highlighting the persistent challenge facing monetary policymakers even as headline figures suggest only modest price growth. The Central Statistical Office reported an annual inflation rate of 4.4%, up from 4.2% in April and slightly above economists' expectations. On a monthly basis, […]
The book market has undergone significant changes in recent years, but books as a medium for culture, knowledge, and identity are not disappearing; rather, their role and accessibility are changing, Katalin Gál, president of the Association of Hungarian Publishers and Book Distributors (MKKE), emphasized at the opening of the 96th Book Week on Thursday at […]
Magyar Suzuki Plc. stabilized its operations despite declining sales revenue, with the decline attributable to excess production in the base year, company executives said at a press conference in Budapest on Thursday. Magyar Suzuki Plc. CEO Masato Atsumi, emphasized that despite the difficulties, 2024 was more predictable than previous years, with both production and sales […]
The market value of the world's 100 largest companies increased by 7%, or a total of USD 2.8 trillion, as of March 31, 2025, according to PwC's latest report, Global Top 100 companies by market capitalization. However, the rate of growth slowed significantly compared to the previous year's 27% (USD 8.3 trillion). With this new […]
After many years of active presence, numerous successful installations and overcoming significant challenges, Continest Technologies Plc. based in Székesfehérvár, Hungary, a manufacturer and distributor of innovative folding containers, has reached another milestone in its expansion in the United Kingdom. Continest is pleased to announce that it has signed strategic cooperation agreements with two renowned, long-established […]
