The Kempinski Hotel Corvinus Budapest has been recognized at two award ceremonies recently (the World Culinary Awards and the World Spa Awards), along with other Hungarian recipients (Felix Kitchen & Bar and Lua Resorts). At the World Culinary Awards (the sister event to World Travel Awards), which is celebrating its 31st anniversary this year, the […]
As of October 1, 2024, Serkan Hüsünbeyi took over as the new general manager of Budapest's premier luxury hotel Matild Palace. The distinguished professional joins the hotel with over two decades of outstanding management experience, during which he has gained extensive professional experience in some of the world's most renowned hotel chains. His appointment will […]
SAP Hungary has recently renewed its office lease agreement for over 18,000 square meters at Graphisoft Park, further demonstrating its commitment to its Hungarian operation, which has been hosted by the business park for 18 years. SAP was represented in the transaction by Colliers. Graphisoft Park, covering more than 80,000 square meters, is one of […]
According to the latest report by the European Union, Hungary performs below the EU average in terms of digital skills: only half of the population possesses at least basic digital skills, which is slightly below the EU average and makes the 80% target set for the end of the decade seem distant. However, the solution […]
Bio-Thera Solutions, a commercial-stage biopharmaceutical company developing a pipeline of innovative therapies and biosimilars, and Gedeon Richter have reached an exclusive commercialization and license agreement for BAT2206, a biosimilar candidate to Stelara, it was announced on the website of the Budapest Stock Exchange. Under the agreement, Bio-Thera will maintain responsibility for development, manufacturing, and supply […]
Hungary's external trade balance and its impact on the economy are regularly discussed by analysts, but it is mostly the trade balance in goods that is discussed. However, the other important component of the domestic external trade balance, the external trade balance in services, is also important to address in the shadow of the reindustrialization […]
Hungary’s 77 Elektronika Group has made the first Hungarian machinery industry investment in China. The company, which develops and manufactures medical electronics products and is in whole Hungarian ownership, has set up a plant near Shanghai with an investment of almost USD 2 million, it told MTI on Tuesday. According to the statement, the plant […]
Hungarian chief financial officers (CFOs) are becoming more comfortable with new technology, but face more complex regulatory compliance and ongoing cost-cutting pressures. They expect the rise of automation and digitization to fundamentally reshape their role, according to PwC's 6th edition of its Financial Leadership Survey. One of the key findings of the survey is that […]
The National Bank of Hungary (MNB) has re-launched its financial awareness campaign "Small things go a long way,” which encourages retail customers to achieve greater financial security by rethinking their everyday financial habits and training their savings, MNB told MTI on Monday. According to the statement, "money-sucking" items can be hidden in people's everyday spending, […]
The Hungarian forint has dropped to its lowest level in 18 months, driven by escalating tensions in the Middle East and recent rate cuts by the National Bank of Hungary (NBH), prompting investors to pull back. Despite these challenges, the central bank has reassured markets that it will maintain a "disciplined and tight" monetary policy […]
After 11 years, the National Association of Facility Management, Building Operation and Maintenance Service Providers (LEO) has undergone a complete makeover, the organization has announced. The rebranding is aimed at strengthening the brand position, increasing professional credibility, being more active in member recruitment and presenting a professional image on the international scene. The logo facelift […]
Indotek Group has announced the appointment of Philip Wood as Head of International Transactions & Asset Management as of October 1, 2024. In this role, he will oversee the asset management group’s international expansion strategy, focusing on key markets in Central, Southern and Western Europe. He will lead the company’s efforts to explore new market […]
GKID has entered into an agreement with PwC under which PricewaterhouseCoopers Magyarország Ltd. acquires a 100% stake in GKID Research & Consulting Ltd. This acquisition will expand PwC’s consulting business with e-commerce, package logistics, media market as well as data service and market research expertise, PwC Hungary says in a statement. Under the terms of […]
The Hungarian real estate brokerage firm Duna House estimates that 9,754 residential properties changed hands, up 21% year on year, and that HUF 112 billion worth of housing mortgages were taken out in September 2024 in Hungary, more than double (+106%) of the base period's data. The number of transactions in the first nine months […]
The Cofidis Group has successfully completed the acquisition of Magyar Cetelem Bank Plc., the Hungarian subsidiary of BNP Paribas Personal Finance Group, Cofidis has announced. According to the statement, Cofidis Group has strengthened its position in the Hungarian market and the Central European region. Gilles Sauret, Chairman of the Board of Directors of the Cofidis […]
