An 84-hectare solar park with capacity to supply sufficient power to 25,000 households started test operation in Kiskunhalas (S Hungary), the facility's capital investor Trustify Impact I Private Equity Fund said in a statement. The investor of the project was SSI Invest. The facility has connection capacity of 40MW. Under appropriate conditions, it has capacity […]
With the handover of the riding hall building, the complete renovation of Gyula Castle Baths, worth a total of HUF 3 billion, has been completed in the town of Gyula (SE Hungary). The entire facility is now available to guests, the Ministry of Foreign Affairs and Trade has announced. According to the ministry, Hungary's appeal […]
The National Bank of Hungary (MNB) is supporting the green transition and the achievement of domestic climate goals through a new professional partnership, according to the central bank's website. The MNB has signed a cooperation agreement with the Hungarian Hydrogen Technology Association (MHTSZ). The main objective of the agreement is to assess the financing needs […]
MOL group has turned to the Energy Ministry to free up the country's strategic crude reserves, the oil and gas company told MTI on Monday. The measure would allow MOL to maintain secure supply for the region, MOL said, adding that no deliveries of Russian crude through the Druzhba pipeline had arrived since January 27. […]
Geoinform, a unit of Hungarian oil and gas company MOL, has signed a strategic cooperation agreement with United States-based Baker Hughes, MOL's press office said on Monday. According to the announcement, Geoinform, which is a major service provider in the Hungarian hydrocarbon and geothermal industry, aims to increase its role in research and production in […]
Hungarian researchers are developing a revolutionary new method that uses electrodes implanted under the scalp to detect the electrical signals of epileptic seizures in real time and reduce the number of seizures through targeted electrical stimulation, according to the website of Semmelweis University. The developments underway at Semmelweis University in Budapest and the University of […]
The Hungarian oil and gas company Mol will open ten new filling stations in Poland in the first half of this year, one of the largest development programs of the company's Polish subsidiary (Mol Polska) in recent years, according to a report by Polish economic news portal ISBnews on Monday, citing a statement by Mol. […]
Real estate development firm WING's last bond package with a nominal value of EUR 34.8 million received purchase offers totaling EUR 57.64 million, with a fixed interest rate of 6%. With this, WING further strengthened its presence on the capital market and initiated the listing of the WINGHOLDING 2029/I bond on the Budapest Stock Exchange. […]
AKKO Invest Plc. said in a statement on the website of the Budapest Stock Exchange on Monday that its wholly owned subsidiary, NEO Property Services Plc., participated as a bidder in the open EU tender announced by MÁV Track Operation Plc., a subsidiary of MÁV Hungarian Railways, for a strategic public procurement tender for a […]
The new management of the National Bank of Hungary (MNB) believes that art belongs in museums, which is why they decided to loan the MNB’s collection to 30 museums in Hungary, according to MNB Governor Mihály Varga. He spoke at the opening of the exhibition 'Dynamic Structures – From Bank Collections to Museums' in Debrecen […]
The Budapest Stock Exchange (BSE) share index, the BUX fell amid declining turnover this week, with the index closing at 126,964.02 points on Friday, down 2.36%, or 3,066.32 points, from the previous week. Weekly turnover was HUF 109.16 billion, down from HUF 152.96 billion the previous week, with leading stocks weakening during the week, with […]
This Thursday will see the start of the traditional Busójárás (the March of the Busó), a pagan Hungarian heritage with traditional carnival programs and costumed children. It is the symbolic ‘burying’ of winter and the welcoming of spring with folk music and dance in the south-central Hungarian town of Mohács near the Serbian border. Going […]
The Mastercard – Bank of the Year competition, which has become a key professional event in the domestic banking sector over the past two decades, was held for the twentieth time, with the top prize going to OTP Bank. This year, the competition was revamped, with the organizers dividing the nine categories into three segments […]
Output of Hungary's industrial sector rose 1.8% year-on-year in December, the Central Statistical Office (KSH) confirmed in a second reading of data. Output fell 1.0% when adjusted for the number of workdays. The detailed data show output of the automotive industry, Hungary's biggest manufacturing sector, climbed 1.0%. The segment accounted for 21% of manufacturing output […]
The Hungarian government has decided to extend mandatory caps on a range of food and non-food products by three months until the end of May, the Ministry of National Economy said in a statement. The government rolled out a 10% cap on markups for the food products and a 15% cap on the non-food products […]
