Hungarian biotechnology and AI company Turbine Network Analysis Research Development Ltd. has been awarded HUF 250 million of EU and government funding to create a virtual lab, the company told MTI. The digital lab is a software platform used to create and run simulated experimental protocols and analyse large amounts of biological data. Founded in […]
Domestic business tourism is entering a new era as ENSANA Hotels has introduced, at Thermal Margaret Island, its WellMeeting® concept, merging conference efficiency with a holistic wellbeing approach. Set in the lush surroundings of Margaret Island, corporate events are no longer just scheduled programs but energizing, experience-based occasions tailored specifically to the needs of the […]
Electronics manufacturer Flextronics will invest around HUF 35.5 billion to expand capacity at its base in Zalaegerszeg (SW Hungary), it was announced this Monday. A statement from the Ministry of Foreign Affairs and Trade points out that this investment is the fourth by an American-owned company in Hungary in a week. It was added that […]
Hungary's cash flow-based general government deficit reached HUF 2,106.8 billion at the end of February, the Ministry of National Economy has confirmed in a detailed release of data. The central budget deficit reached HUF 2,010.1 billion and the social security funds were HUF 129.6 billion in the red, but separate state funds had a surplus […]
According to a survey by Profession.hu, the average time spent looking for a job in Hungary has decreased significantly: while it took more than five months to fill a new position in the first quarter of 2025, the average this year is three months and 22 days, the job portal informed MTI on Monday. The […]
This Monday, the Körmend site (in W Hungary) of Egis Pharmaceutical was visited by the Minister of Foreign Affairs and Trade, Péter Szijjártó and the CEO of the Hungarian Investment Promotion Agency (HIPA) István Joó, the company reports on its website. CEO Csaba Poroszlai and Plant Director László Sabáli reviewed, on behalf of the company, […]
The Budapest Stock Exchange (BSE) stock index, the BUX, ended the week at 122,107.32 points, up 0.29% from last Friday’s close. Shares of three top companies (Mol, Magyar Telekom and Richter) lost value over the week while the price of OTP Bank shares increased. Commenting on Friday’s events at the stock exchange, András Takács, an […]
US automotive supplier BorgWarner inaugurated a HUF 24 billion development at its base in Oroszlány (west of Budapest) this week. The investment, which is expected to raise headcount at the base to around 1,000, is supported by a HUF 4.8 billion government grant, according to a statement by the Ministry of Foreign Affairs and Trade. […]
Hungarian industrial automation and process control specialist Controlsoft AutomatikaLtd. is set to establish a regional service center in Veszprém, W Hungary, the Hungarian Investment Promotion Agency (HIPA) reports. Controlsoft will build a development center and a test facility on an 11,000-square-meter site in Veszprém, equipped with solar panels and a heat pump system. Supported by […]
Budapest's Chain Bridge will display Polish and Hungarian national colors on Polish-Hungarian Friendship Day, according to an announcement from Sándor Palace, the office of the Hungarian President of the Republic. On March 23, the countries' respective flags will line the bridge "in commemoration of the centuries-old friendship and alliance between Hungary and Poland" in accordance […]
This Friday night, the Office of the Year awards were presented for the sixteenth time at a lively ceremony combined with an exhibition and conference at MOM Sport in Budapest. Winners were announced in numerous categories at this prestigious competition: a professional jury evaluated offices, office buildings, community spaces, and interior design projects. The Special […]
The Hungarian Joint Venture Association (JVSZ) that celebrates its 40th anniversary recognized companies doing the most to support the Hungarian economy, society and sustainable future at the Companies for the Future Award ceremony in the Buda Castle this week. Ágnes Fábián, president of the JVSZ, emphasized that the association’s predecessor had already played an important […]
State-owned energy company MVM Group inaugurated a 132/22 kV electrical substation in Miskolc (NE Hungary), built using HUF 2.7 billion of European Union, government and corporate financing. Energy Minister Csaba Lantos said at the event that rapid growth of renewable sources poses new challenges for the energy grid, so the development of substations is essential. […]
US-owned pharmaceutical company Viatris Komárom-Mylan Hungary will invest over EUR 16 million at its base in Komárom (northwest of Budapest), expanding packaging and quality control capacity. Mylan Hungary Ltd., part of the American Viatris group, is one of the key centers in the European packaging and quality control network. At its Komárom site, the company […]
The investment that also includes sustainability elements aims to strengthen Herendi Porcelain Manufactory Plc.'s international position. One of Hungary's most well-known and prestigious brands is Herendi Porcelain Manufactory Plc. which has been crafting handmade porcelain decorative items since 1826. Its products are available in more than 60 countries, with its main markets being Europe, Asia […]
