Hungary's Goodwill Pharma Plc. has expanded its warehouse capacity, built a research and development and innovation laboratory, a new head office and a pharmaceutical manufacturing plant in Szeged, Hungary, the almost HUF 5 billion investment was handed over on Thursday. Ferenc Jójárt, CEO of the Szeged-based company, said at the ceremony that Goodwill Pharma is […]
The nineteenth edition of Hungary’s most prestigious banking sector competition, the 'Mastercard – Bank of the Year', has concluded. This year, the competition was revamped, with the nine award categories grouped into three main segments: in Daily Banking, OTP Bank delivered the most outstanding performance; in Innovation, K&H Bank took the lead; and in the […]
There is a phrase in Hungary – “Valaminek a Csimborasszója” – which means the peak of something in the Hungarian language. It is similar to the Chimborazo of Ecuador, an imposing dormant volcano in my country that has a fascinating and symbolic connection with the world, both from a geographical as well as cultural and […]
Demand for non-alcoholic beverages is growing worldwide and it is becoming increasingly important for HoReCa operators to offer a premium non-alcoholic choice. Spájz, who alongside its award-winning syrups and RTD drinks, is also strengthening its portfolio with fruit purees focused on processing quality fruit, organised an expert networking event to present the latest trends and […]
Hungary's inflation rate surged unexpectedly in January, driven by sharp increases in fuel, food, and service costs, posing fresh challenges for monetary policy. The latest data indicates mounting price pressures, with core inflation also worsening, raising concerns over the central bank’s ability to ease interest rates in the near future. Official figures show that Hungary’s […]
How can Eastern Europeanism be defined? What is it that is distinctively its own, that binds the peoples who live here and share a common history and geography? And what are the global solutions to local specificities? Or what and how does all this become one in Euro-ness? What are the trends towards deeper European […]
The majority of people believe that it is now essential to be able to pay by credit card in shops, markets and at service providers such as plumbers or hairdressers, OTP Mobil said on Tuesday, based on a representative survey conducted by MTI. The survey, representative of the Hungarian population aged 18 and over, was […]
According to the European Investment Bank (EIB) Investment Survey (EIBIS) 2024 just released, four in five Hungarian firms invested in 2023 and this is similar to last year’s EIBIS findings. However, the investment outlook has fallen and is now negative with more firms expecting to reduce rather than increase their investment in EIBIS 2024. The […]
Based on PwC's Q1-Q3 surveys and preliminary data for Q4, the total Hungarian e-commerce market could reach HUF 1920 billion in 2024, with a 15% increase in turnover, of which 17% - around HUF 330 billion - is already generated by import trade. Imports have also clearly become a growth driver in 2024, as domestic […]
The results of a Hungarian medical research could revolutionize the treatment of thyroid cancer in East-Central Europe; with the new, incision-free procedure, Hungary could play a leading role in medical innovation, the Premier Med Health, Education and Research Institute and Semmelweis University, which are participating in the research, told MTI. They said that several years […]
Hungarian photographer Esther Horvath returned this past December from her latest polar region trip during which she spent about a month in Svalbard, a Norwegian archipelago in the Arctic Ocean. She tells Diplomacy&Trade about how she originally fell in love with that region, what is life like on expeditions like this and how all this […]
Efforts to promote responsible alcohol consumption are paying off: recent findings from international research by HEINEKEN and the University of Oxford show a radical change in the way consumers – especially young people – approach non-alcoholic beverages. The role of group norms and traditions is increasingly being replaced by an embrace of personal values, leading […]
MVM Paks Nuclear Power Plant Plc. closed 2024 with the fifth highest production result in its history, with the plant's four units producing a total of 16,016.6 GWh of electricity, which is almost half of the gross Hungarian electricity production and one third of the gross domestic consumption, the company informed MTI on Tuesday. The […]
Consumer prices were 5.5% higher on average in Hungary in January 2025 than a year earlier. Over one month, consumer prices rose by 1.5% on average, within which motor fuels became 2.7% more expensive, the Central Statistical Office (KSH) reports. In 12 months, compared to January 2024:A price increase of 6.0% was recorded for food, […]
Housing prices in Hungary rose by more than 9% in January compared to a year earlier, a faster increase than expected, real estate.com reported on Monday, based on data from its January house price index. The housing price index, which is based on the number of advertisements posted on the real estate advertising portal, shows […]
