An electricity storage system is being installed at the Várpalota site of aluminium semi-finished products manufacturer Inotal Plc. The HUF 3 billion investment, which will be financed with HUF 1.35 billion from EU funds and HUF 1.65 billion from the company's own resources, is expected to be completed by autumn this year, the plant's director, […]
Generation Z young adults born after 1997 are increasingly represented in the labor market and making independent financial decisions. Their habits differ significantly from those of older generations in many areas of life, including a very different attitude to money than their parents or grandparents. It is an important responsibility for financial service providers to […]
According to preliminary data, 5,653 children were born and 10,934 people died in Hungary in February 2025, the Central Statistical Office (KSH) reported this Friday. The number of births lessened by 9.1%, that of deaths by 0.7% and that of marriages by 14% compared to the same month of the previous year. In February 2025:A […]
Hungary’s State Audit Office filed a complaint against a controversial foundation established by the central bank claiming years of financial mismanagement and opaque dealings. The police are investigating the case which involves funds in excess of $1 billion. The foundation, Pallas Athéné Domus Meriti (PADME), set up shortly after former Hungarian National Bank (MNB) Governor […]
The Hungarian pharmaceutical company Gedeon Richter Plc. has announced on the website of the Budapest Stock Exchange that the European Medicines Agency (EMA) has accepted Richter’s marketing authorization application (MAA) for its proposed biosimilar to RoActemra tocilizumab. Tocilizumab, the first biologic to inhibit IL-6 signaling, is indicated for the treatment of rheumatoid arthritis, juvenile idiopathic […]
Mapei Ltd., a Hungarian member of the international Mapei Group, a manufacturer and distributor of construction materials, expects 14.8% sales growth this year, despite the fact that the Hungarian market for construction materials is not expected to expand in 2025, said Béla Markovich, the company's CEO, at a press conference in Budapest on Thursday. According […]
KÉSZ Holding Plc. has appointed Róbert Barócsi as Group Sales and Strategy Director of KÉSZ Group, the company has announced this Thursday. The new director comes from within the Group, having previously held the positions of Head of the Architectural and Structural Solutions Division and Managing Director of KÉSZ Metaltech Ltd. In his new role, […]
In February 2025, one million guests spent 2.3 million tourism nights at tourist (commercial, private and other) accommodation establishments in Hungary. The number of tourist arrivals was 14% and that of tourism nights 3.9% higher than a year earlier, the Central Statistical Office reports. In January-February 2025, the number of nights spent in tourist accommodation […]
On March 29, renowned pianists and young talents will play the pianos located at the Hungarian capital’s Ferenc Liszt International Airport throughout the day. The airport operator company Budapest Airport, part of the VINCI Airports network, joins the Piano Day initiative for the first time in 2025, as part of a series of events celebrating […]
The leading players of the Hungarian real estate market gathered for the first time on March 26, 2025 at the exclusive HAD Real Estate Business Breakfast, organized by the Belgian-Hungarian owned RaktárAD, to discuss the trends in the SME sector, the issues shaping the future of the industry and the opportunities in the sector. According […]
MVM Green Generation Plc., a renewable energy company of the MVM Group, is installing a 20 megawatt-hour electricity storage facility in Sopronkövesd, NW Hungary next to its owned and operated wind farm, with a capacity of 20 megawatt-hours of electricity, MVM Green Generation Plc. informed MTI on Tuesday. Hungary's Recovery and Resilience Plan provides HUF […]
Extreme climate and weather events are becoming more frequent and severe. The cost of the resulting damage and losses is USD 16 million per hour globally. A significant part of this stems from our lack of understanding of nature’s interconnections. Our current systems and infrastructures are no longer sufficient to handle these challenges – we […]
At its meeting this Tuesday, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and – in line with its stability-oriented approach – left the base rate unchanged at 6.50% with effect from March 26, 2025. The O/N deposit rate and the O/N lending rate also remained […]
The CIB Group's profit after tax increased by 14.1% to HUF 71.905 billion and its balance sheet total increased by 4.4% to HUF 3,463.21 billion in the financial year 2024, the banking group announced to MTI on Tuesday. According to the statement, the outstanding results provide a solid basis for CIB Group to significantly exceed […]
E.ON Hungária Group has made significant improvements through its complex research and development program, Flex.ON, with new solutions implemented with HUF 2.1 billion to make energy supply more cost-efficient and flexible, the company informed MTI on Tuesday. The aim of the investment is to enable the group to serve the growing energy needs of its […]
