PHOENIX Pharma on Friday inaugurated a 6,550sqm logistics center in Győr (NW) Hungary built with investing HUF 8 billion of its own funds, MTI reports. PHOENIX Pharma board chairman Tamás Kaló said the center, established as a greenfield investment, serves the pharmacies, hospitals and the population of Győr-Moson-Sopron, Komárom-Esztergom, Veszprém and Fejér Counties. The base […]
Telecom service providers had revenue of HUF 339 billion in Hungary in the first quarter, with mobile voice and mobile internet services making up 59%, according to a summary published by the Central Statistics Office (KSH). Revenue from mobile voice and mobile internet services came to HUF 201 billion. Fixed internet services generated revenue of […]
This Wednesday, President Donald Trump of the United States and President Masoud Pezeshkian of Iran signed a memorandum of understanding aimed at ending the military conflict between the two countries. The agreement includes the reopening of the Strait of Hormuz, which could also ease the pressure on the global economy. This development is likely to […]
Singapore-based Vulcan Shield, which supplies high-temperature insulation solutions to a range of industries and is building a plant in Békéscsaba (SE Hungary), has started test production with 12 workers at a plant rented from Linamar Hungary, executive manager of the Hungarian unit, Lóránt Komjáti is quoted by MTI as saying. Speaking at a local council […]
According to Greenpeace Hungary, the Hungarian Bioculture Association and the Hungarian Nature Conservation Association, the government must make it clear that Hungary continues to support a GMO-free agriculture sector, the organizations said on Thursday. According to civil society groups, it was an “unexpected shift” that the Tisza MEPs voted in the European Parliament (EP) to […]
The government aims to support companies generating real added value for Europe and Hungary by creating a level playing field, Minister of Economy and Energy István Kapitány said in Gyor, at the launch of the serial production of Audi Hungaria's new MEBeco electric drive, on Thursday. MTI quotes István Kapitány as saying that the government […]
Hungarian e-commerce sales reached HUF 2,100 billion last year, up by 9.3% from 2024 and increasing tenfold compared to 2015, PwC Magyarország lead manager Norbert Madár said on Thursday citing the company’s report on the topic at an awards ceremony. As MTI reports, turnover of domestic e-retailers exceeded HUF 1,700 billion in 2025, a 4.2% […]
More than half of school students aged 7-10 years use some kind of financial app in their daily lives in Hungary, according to representative research presented at a joint press conference held by Erste and Visa. It was also revealed that parents believe ages of 7-10 years are the most appropriate for introducing children to […]
Hungarian Finance Minister András Kármán and Transportation and Investment Minister Dávid Vitézy have met with Matteo Patrone, the Vice President for Banking at the European Bank for Reconstruction and Development (EBRD) on Wednesday, the ministers said on social media. András Kármán said they discussed how the EBRD can contribute to restarting investments after the significant […]
One of the most ancient and prestigious Milanese Maisons officially opens in the Matild Palace hotel in Budapest, in the heart of Europe, according to a press release issued this Wednesday. Founded in 1817, Cova has represented for over two centuries the excellence of Italian elegance, craftsmanship and refined hospitality. The Maison was born in […]
The E.ON Hungária Group has commissioned a new 132/22-kilovolt transformer substation in Répcelak, W Hungary. The project, which was implemented with EU funding and cost approximately HUF 2 billion, improves the reliability of electricity supply for more than 15,000 customers in the northern part of Vas County. The investment was carried out as part of […]
The children's clinic of Semmelweis University in Budapest has launched a nationwide survey to gauge the quality of life of children between 4 and 18 years and their families in the country, the institution said on Wednesday. As MTI reports quoting the statement, researchers are hoping to gain a comprehensive view based on anonymous answers […]
Futureal Energy Partners (FEP), a business unit of Hungary's Futureal Group has acquired one of Aretis Group’s battery energy storage system (BESS) portfolios in Latvia, which has a capacity of 45 megawatts (MW) and a storage capacity of 120 megawatt-hours (MWh), the company announced to MTI on Wednesday. The transaction includes two greenfield projects currently […]
Hungary has made important progress in connection with the rule of law since its new government took office last month, Michael McGrath, the European Union's commissioner for justice and rule of law, said in Luxembourg on Tuesday, MTI reports. Speaking at a press conference after a meeting of the General Affairs Council, Michael McGrath gave […]
MOL Plc. has notified the market on the website of the Budapest Stock Exchange that MOL Group has signed a Shareholders’ Agreement with the Serbian government regarding the future governance of Naftna Industrija Srbije (NIS). If MOL Group successfully becomes the majority owner, it will en sure the development of NIS, the supply of the […]
