French, German and Dutch police officers are assisting the Budapest Police Headquarters (BRFK) at this year's Sziget Festival. The National Ambulance Service (OMSZ) is present at the event with a care center and nine ambulance units, MTI reported on Wednesday. Csécsi Soma, spokesperson for the BRFK, emphasized at a press conference held on Wednesday, the […]
Nestlé has been a key player in the global food industry for over 150 years and has actively shaped economic and social processes in Hungary for more than three decades. In an interview with Diplomacy&Trade, the CEO of Nestlé Hungary, Péter Noszek discusses the importance of the Szerencs solar park, net-zero emission targets, the expansion […]
During this year's Formula One race weekend, hotels in the capital welcomed nearly 100,000 guests, with occupancy rates exceeding 86%, Visit Hungary told MTI on Wednesday, based on data from the National Tourism Data Center (NTAK). Most foreign guests came from Great Britain, Poland and Germany for the 40th Hungarian Grand Prix, which took place […]
Erste Bank Hungary Plc. closed the first half of the year with operating income of HUF 187.5 billion and after-tax profit of HUF 69.2 billion, Chairman and CEO Radován Jelasity said at the company's press conference on Wednesday. Year-on-year, operating income increased by 6%, while after-tax profit decreased by 7%. Operating profit exceeded HUF 123.5 […]
In June 2025, the volume of retail trade in both raw and calendar-adjusted data was 3.0% higher than in the same month of the previous year. Compared to the same period of the previous year, calendar-adjusted sale volumes expanded by 3.7% in specialized and non-specialized food shops, by 3.9% in non-food retailing and by 2.5% […]
The Hungarian pharma company Gedeon Richter Plc.'s consolidated sales revenue for the first half of the year was HUF 465.5 billion, 10.9% higher than a year earlier, the company announced on the Budapest Stock Exchange (BÉT) website on Wednesday. Net profit for the first half of 2025 was HUF 120 billion, which is 13% lower […]
Tamás Kádár, CEO of Sziget, said that more tickets have been sold for this year's festival than last year. Due to Covid and other industry impacts, ticket sales had been declining since 2022, but the current growth is definitely welcome at the event held on the Óbuda Island on the River Danube. Kádár also said […]
The volume of industrial production lagged behind the one year earlier level by 4.9% in June 2025. The working day adjusted index is equal to the non-adjusted one. According to seasonally and working-day adjusted data, industrial output was 1.2% lower than in May 2025, the Central Statistical Office (KSH) reports. Production volume decreased in the […]
Tamás Révész, an award-winning photographer, a worldwide exhibited artist and the organizer of the annual World Press Photo exhibition in Hungary for over thirty years, the Dutch Embassy in Budapest has announced. The embassy statement highlights that "his strong commitment and perseverance in organising the World Press Photo-exhibition in Hungary it has pleased His Majesty […]
Jodok Vuille – known by most people simply as Jodok Cello – is a Swiss cellist with a passion for bridging the worlds of classical music and contemporary hits. Born and raised in Luzern, Switzerland, his journey with the cello began at a young age, and over the years, it has become his voice to […]
Hungary has particularly favorable conditions for the use of geothermal energy and is already among the European leaders in this field, the Ministry of Energy (EM) said in a statement on Tuesday. In the Jedlik Ányos Energy Program, the government is mobilizing resources that exceed previous expenditures several times over in order to make further […]
Financial planning is still not part of everyday life for Hungarians, with older working-age people in particular losing faith in their ability to take control of their financial situation, according to an international survey covering nine countries commissioned by the mother company of Provident Financial Ltd., International Personal Finance (IPF). While young people are becoming […]
In the second quarter of this year, OTP Bank exceeded expectations, achieving a consolidated adjusted after-tax profit of HUF 330.015 billion, which is 23% higher than in the same period last year, according to information published on the Budapest Stock Exchange (BÉT) website early Tuesday morning. The consolidated adjusted after-tax profit for the second quarter […]
This Monday, Shopper Park Plus Plc. (SPP), which owns 14 grocery-anchored retail parks in Hungary through its subsidiary, with Tesco as the leading anchor tenant, signed a letter of intent with Dome Facility Services Group Ltd. to extend the cooperation regarding the technical operation of retail parks. Dome Facility Services Group Ltd. has been responsible […]
Givaudan, a global leader in flavors and fragrances, has significantly increased the production capacity at its Makó manufacturing site in southeast Hungary following HUF billions in investments. With the successful transfer of specialized technology from its Swiss facility, the Makó plant has emerged as a regional hub for special reaction-based technologies. “Our company growth strategy […]
