The pharma companies AbbVie (headquartered in North Chicago, Illinois in the United States) and Gedeon Richter Plc. (headquartered in Budapest, Hungary) have announced a new discovery, co-development and license agreement to advance novel targets for the potential treatment of neuropsychiatric conditions. A statement on the website of the Budapest Stock Exchange highlights that this collaboration […]
The two millionth car was completed at the Mercedes-Benz factory in Kecskemét in October, a blue, five-seater EQB with pure electric drive, Mercedes-Benz Manufacturing Hungary Ltd. told MTI on Thursday. According to the information, the plant is currently producing Mercedes-Benz A-Class models, the CLA Coupé and Shooting Brake models, as well as Mercedes-Benz EQBs. Last […]
Low-cost airliner Wizz Air has announced that it will trial operations using Sustainable Aviation Fuel (SAF) in collaboration with Airbus. This positions Wizz Air at the forefront of compliance with the EU’s forthcoming RefuelEU aviation regulations, which are set to take effect in 2025. The joint initiative underscores Wizz Air’s proactive approach to decarbonising air […]
As expected, the Monetary Council of the National Bank of Hungary (MNB) left its policy rate unchanged at its meeting this Tuesday. In the explanatory statement, the central bank stresses the importance of caution in view of deteriorating external developments. The press statement released after the meeting points out that MNB’s primary objective is to […]
The Budapest Real Estate Consultants' Forum (BIEF, BRF), which comprises CBRE, Colliers, Cushman & Wakefield, ESTON International, iO Partners and Robertson Hungary, has published its industrial/logistics real estate market data for Q3 2024. The statement points out that the total modern industrial stock in Hungary amounted to 5,292,750 sqm at the end of Q3 2024. […]
After Malta, Hungary has seen the highest growth in the number of new purely electric cars registered in the first nine months of this year, according to a post on the Ministry of Energy (EM)'s social media page. The Mediterranean island nation has reclaimed the top spot with 83.2%, while Hungary is again the silver […]
One in six people in the world live with some kind of disability, but it is not always easy to see for outsiders. This year, Budapest Airport, the management company of the Hungarian capital’s Ferenc Liszt International Airport, has launched several initiatives at the airport to make travelling more pleasant and relaxing for people with […]
The number of bottles and cans returned under the new recycling system has reached half a billion this week, Mol's waste management concession company MOHU has told MTI. The statement said that MOHU's goal is to recycle at least 90% of beverage packaging in Hungary, where it is estimated that more than 3 billion beverage […]
The Mercure hotel in Debrecen has been awarded the BREEAM Excellent international sustainability rating, it has announced at a press conference held at the hotel. BREEAM is a sustainability rating system developed in the United Kingdom, and currently Mercure Debrecen is the highest-scoring BREEAM-certified hotel in Hungary. That was stated by Sándor Szabó, Deputy General […]
The role of employer branding in the corporate sector to find and retain employees will continue to grow: 47% of companies surveyed will increase their employer branding budgets in 2025, despite the economic challenges, according to the Brandfizz Employer Branding Compass National Employer Brand Survey sent to MTI. The survey says only 7% of those […]
The Hungarian energy distribution company ALTEO Plc. has announced on the website of the Budapest Stock Exchange that it signed this Friday business quota sale and purchase contracts with the Hungarian company Pannonia Bio Plc. and the Spanish firm CEOLICA HISPANIA for the acquisition of 100% of the business quota of the Hungarian renewable energy […]
More than 700 female students took part in the TechCsajok [‘TechGirls] career orientation event in Budapest and Debrecen, presenting the possibilities of engineering careers, the German-Hungarian Chamber of Industry and Commerce (DUIHK) has told MTI . DUIHK has been organizing the career orientation roadshow since 2017 with the support of its member companies to promote […]
Hungary's economy faces a challenging third quarter with zero growth expected and the forint at an 18-month low against the euro. This gloomy outlook could force the central bank to maintain current interest rates for an extended period. Deputy Governor Barnabás Virág of Hungary's central bank signaled a potential pause in interest-rate cuts at a […]
The Mol Group and Turkish Petroleum Corporation (TPAO) signed a Memorandum of Understanding in Istanbul to work together as strategic partners in the field of hydrocarbon exploration and production, the oil and gas group has announced. The statement says the companies are taking their cooperation in Turkey to a new level after successful joint international […]
Developing financial literacy and self-care is of paramount importance in improving the quality of life, especially in social groups where adults, even if they have their own income, lack financial security. The Hungarian Interchurch Aid organization (HIA) and Provident Financial Ltd. have been working together as strategic partners for two years now to give as […]
