Hungary is further strengthening its position in the automotive industry as the Japanese Alpine announced a new investment worth nearly EUR 55 million at its Biatorbágy site, just west of Budapest, creating 100 new jobs, contributing to the long-term growth of the Hungarian economy, and promoting industrial innovation, according to the Hungarian Investment Promotion Agency […]
Provident Financial Services says it has been working for many years to reduce the number of people for whom there are no financial solutions available for temporary or permanent financial problems. An important aspect of the issue of widespread access to home loans is the conscious financial education of those affected. Provident has programs to […]
The Business Council for Sustainable Development in Hungary (BCSDH) elected its leadership for another three-year term at its renewal General Assembly. Attila Chikán Jr., the CEO of ALTEO Energy Services Plc., has led the four-member Board for nine years, during which time nearly 90 new companies joined the organization, BCSDH has announced. Today, BCSDH represents […]
At the February meeting of the Monetary Council of the National Bank of Hungary (MNB), the members of the Monetary Council unanimously decided to keep the interest rate at its current level for a longer period of time, according to the Deputy Governor of the MNB, Barnabás Virág. At the press conference following Tuesday's interest […]
Hungary’s Mol Group has taken another step towards the development of hydrogen mobility by upgrading its hydrogen filling station for buses and trucks in Bratislava, Mol told MTI on Tuesday. According to the statement, the filling station in the Slovakian capital, located on the territory of the group's subsidiary SlA Bratislava refinery, which was inaugurated […]
The hotel market in Budapest is expected to grow significantly in the coming years as tourism booms, the international real estate market service provider CBRE told MTI on Tuesday. CBRE recalls in its statement that last year there was a significant growth in the Budapest hotel market, with the number of guest nights increasing by […]
Budapest-based GANZ Switch and Device Manufacturing Ltd. (GANZ KK) and the University of Dunaújváros have developed an automated, robotic and remote-controlled system for group charging of e-cars, GANZ KK told MTI. The project, which is a significant innovation on an international level, received HUF 796 million in funding from the National Research Development and Innovation […]
A self-operating organ for Kaohsiung in southern Taiwan has been manufactured by a manufactory based Pécs, southern Hungary, the Hungarian edition of euronews reports. The instrument, designed for the port city's railway station, is unique in the world: in addition to being earthquake-proof, the organ is programmed with spectacular lighting and various sound effects to […]
More than 23,000 visitors attended the 47th Utazás+ International Tourism Exhibition and Experience Festival and the Budapest Boat Show, which were held simultaneously with the event, between February 20 and 23 at the Hungexpo Budapest Congress and Exhibition Center in the Hungarian capital. During the four days, Hungexpo hosted a number of professional events, along […]
The Hotel of the Year awards were handed over Friday evening, the winner of the five-star category was the Kempinski Hotel Corvinus Budapest, the Association of Hungarian Hotels and Restaurants (MSZÉSZ) told MTI. According to the statement, the MSZÉSZ organizes the competition in partnership with Visit Hungary, on the basis of which the hotels are […]
The oil and gas group Group MOL has disclosed its financial results for the full year as well as the fourth quarter of 2024. The normalization continued in the industry, which led to 23% decrease in profit before tax in 2024. Full-year 2024 organic investments increased by 16%, primarily due to higher sustaintype CAPEX in […]
Based on the responses in in the latest quarterly Bank Sentiment Survey by the National Bank of Hungary (MNB), the banking system perceived a slight deterioration in the economic environment in 2024 H2. According to the banks, the tightening of the regulatory environment, the increase in operating expenses, the decrease in the level of profitability […]
70% of Hungarian CEOs expect acceleration of the global economic growth; 60% of them made optimistic statements regarding the Hungarian economy but only 39% are confident about the growth of their companies. That is according to PwC’s 14th Hungarian CEO Survey in which the respondents predict a 1.8% GDP growth, a 415 HUF/EUR exchange rate […]
After the record year of 2024, passenger traffic at Ferenc Liszt International Airport continued to increase this January, with 1,293,556 passengers travelling from the capital airport in January, which is not only 17.5% higher than last year’s figure, but is also the highest first-month passenger traffic ever. The new record was driven by the popularity […]
Based on the opinions of 252 Hungarian CEOs, PwC Hungary has presented the 'Most Inspiring Leader of the Year Award'. Established in 2022, the award recognises a Hungarian CEO who is seen as a role model by other top executives in Hungary. This time, the award has been given to Gábor Orbán, CEO of the […]
