Kempinski Hotel Corvinus Budapest has announced the reopening of ÉS Bisztró, one of Budapest’s most popular dining establishments. Over the last weeks, not only was a renovation carried out behind the scenes, but a comprehensive reimagining was also undertaken, encompassing every detail. The restaurant reopened its doors to the public on March 27, 2026. ÉS […]
Better air, more shade, a more pleasant school environment. In the spirit of a commitment to a sustainable future, a joint tree-planting program was implemented in cooperation between Provident Financial Ltd., the ReGreenX project and the municipality of Szeged, a city in SE Hungary. The courtyard of the Bonifert Domonkos Elementary School was enriched with […]
The 100% Hungarian-owned Hód Plast Ltd. has established an IBC tank and barrel manufacturing facility in Algyő, SE Hungary, with an investment of EUR 6.5 million, the Hungarian Investment Promotion Agency (HIPA) reports. Founded in 1998, the company manufactures plastic bottles, canisters of various sizes, and the caps used for these containers. Their products are […]
The Hungarian dairy company Tolnatej has announced a new investment project. As part of the EUR 26.1 million development, the company will establish a new, automated whey protein processing plant in Szekszárd. The investment will enable Tolnatej to enter a new product segment and strengthen its market position and export capabilities by producing high value-added […]
Industrial producer prices in Hungary dropped 3.3% year-on-year in February, falling for the fourth month in a row, data released by the Central Statistical Office (KSH) reports. Domestic output prices lessened by 3.1% and non-domestic ones by 3.3% compared to February 2025. Compared to the previous month, domestic output prices were 0.3% and non-domestic output […]
Provident Financial Ltd. has been a leading player in the personal loan market in Hungary for a quarter of a century now. The CEO of the company, Viktor Boczán, who has been with Provident in different positions and in different countries for also 25 years, explains to Diplomacy&Trade how Provident can maintain a long-term, predictable […]
European Union member states on Monday endorsed a European Commission proposal to mobilize EUR 10.8 million from the agricultural reserve to support farmers in Hungary hit by heat stress in the summer of 2025. The exceptional support may be complemented by up to 200% of national funds. The EC also allocated EUR 7.4 million in […]
SUGO FOOD Ltd. has announced a EUR 45 million investment at its site in Baja, S Hungary. As part of the development, the company’s existing production capacity will be expanded, alongside upgrades to its energy infrastructure. The project is expected to create 30 new jobs. The Belgian-owned SUGO FOOD is Hungary’s only producer of tortilla […]
Hungarian nuclear medicine supplier Medi-Radiopharma is launching an R&D investment to develop a pioneering manufacturing technology, the Hungarian Investment Promotion Agency (HIPA) reports. Supported by the HIPA, the EUR 6.56 million investment aims to introduce an industry-scale, automated technology to produce radiopharmaceuticals, that is faster, and more efficient and accurate than the currently dominant manual, […]
Hungary had a EUR 665 million external trade surplus in February, data released by the Central Statistics Office (KSH) on Monday show. Exports rose 2.6% year-on-year to EUR 12.695 billion. Imports climbed 5.9% to EUR 12.030 billion. Trade with other European Union member states accounted for 74% of Hungary's exports and 67% of its imports […]
The British Council is the United Kingdom's international organization for cultural relations and educational opportunities. Its aim is to bring together all areas of the British Council under an integrated country offer for customers and partners. The history of the British Council dates back 92 years. As to how successful the organization has been over […]
The Budapest Stock Exchange (BÉT) stock index declined moderately this week; on Friday, the BUX closed at 121,718.1 points, down 0.32%, or 389.2 points, from the previous week. Weekly trading volume was HUF 110.6 billion, up from HUF 109.9 billion the previous week, with leading stocks posting mixed results. Equilor Investment Ltd. noted in its […]
Raiffeisen Bank Plc. has announced that it successfully closed the 2025 financial year while further strengthening its market position. Despite the challenges posed by the global economic environment, the Bank adapted effectively and achieved outstanding results across multiple business segments. As Chief Executive Officer György Zolnai highlighted, the bank's Corporate and Investment Banking division stabilized […]
With the ceremonial laying of the cornerstone, one of the most significant developments in the Hungarian energy system has entered a new phase, and construction has begun on the combined-cycle gas turbine power plant in Tiszaújváros. The investment is a key element of state-owned MVM Group’s long-term strategy, which aims not only to meet growing […]
GlaxoSmithKline Biologicals Ltd., based in Gödöllő, about 30 kilometers northeast of Budapest, serves as one of the world’s centers of excellence for vaccine manufacturing. The Gödöllő site has been producing vaccine components, bulk antigen and carrier protein since 2002, building on a 50-year scientific competence heritage in Hungary. The site produces the raw materials for […]
