Retail sales in Hungary continue to disappoint, offering little cause for optimism. Since April 2024, the sector has been stuck in stagnation, with recent data providing few signs of improvement. Despite some positive indicators, the figures remain well below expectations. According to the latest data from the Hungarian Central Statistical Office, June’s weak performance was […]
The largest green hydrogen plant in Central and Eastern Europe, with a capacity of 10 megawatts, has started production at the Hungarian Mol Group's refinery in Százhalombatta, just south of Budapest, producing 1,600 tons of clean, carbon-neutral green hydrogen per year, which is used in fuel production, the company informed MTI on Wednesday. The statement […]
The after-tax profit of energy and soft drinks producer Hell Energy Group increased by 137.8% to HUF 13.72 billion in the first half of 2024 compared to the same period a year earlier, Hell Energy Hungary Ltd. announced on the website of the Budapest Stock Exchange (BSE) on Wednesday. The sales volume increased by 14.1% […]
Agnieszka Bobrukiewicz has become a member of the Board of Directors of the ORLEN Unipetrol Group, the largest refining and petrochemical company in the Czech Republic. In her new role, effective September 1, 2024, she will focus primarily on the management of the Group's retail segment and marketing activities within the Czech, Slovak and Hungarian […]
The recent record high inflation rate has made Hungarians more financially aware, with more and more of them trying to plan their finances, according to Provident research. In fact, change is needed: Hungarians are still finding it difficult to navigate the world of financial products compared with their European counterparts. A recent survey by Provident […]
A significant proportion of Hungarian companies are not aware of the environmental, social and governance (ESG) aspects they need to comply with, the biggest challenge for them is navigating the legislation and the lack of resources, according to an international survey published by Ernst&Young (EY). EY examined the conditions of ethical operation in 2024 by […]
The Cupra Terramar, which will soon go into production at Audi Hungaria's factory in Győr, NW Hungary, was unveiled in Barcelona on Wednesday. Some of the new models have already been produced in Győr and series production will start in the near future, with a capacity of around 300 units per day. Michael Breme, chairman […]
This year, from 10-20 October, the 13th SEHENSWERT FILM FESTIVAL will take place at the Művész Cinema in Budapest. The joint film festival of the Embassy of Switzerland, the Austrian Cultural Forum and the Goethe Institute will present a selection of the latest films from the German-speaking world, this time also in the original language […]
BMW is to build the largest solar power plant in Hungary and the largest of its group in Debrecen (E Hungary). It will occupy an area of 71 soccer fields, will be the largest within the group and will also be Hungary's largest industrial solar power plant, the Hungarian Minister of Foreign Affairs and Trade, […]
The Embassy of Switzerland in Budapest is organizing Swiss Days in Helvécia and Kecskemét in cooperation with its local partners and the local governments of the two Eastern Hungarian municipalities. On September 6 and 7, Switzerland will be the guest of the Harvest Days in Helvécia, followed by a week-long program in Kecskemét between September […]
Runway Run, the charity run of Budapest Airport operated by VINCI Airports, took place on Saturday, August 31 with over 1,000 runners competing this year on the runway of the Hungarian capital's Ferenc Liszt International Airport. In line with traditions, the twelfth edition of the sporting event was again held for charity; the airport's management […]
The Hungarian energy conglomerate MVM Group has acquired a stake in one of the world's largest deep-sea natural gas fields, following the closing of a transaction between the MVM Group and Azerbaijan's state-owned Southern Gas Corridor CJSC on Friday, MVM told MTI. With the transaction, MVM has acquired a 5% stake in the Shah Deniz […]
This year’s travel season is still in full swing, but behind the scenes planning for next year is already well underway at Ferenc Liszt International Airport. In addition to attracting new exciting destinations and developing the airport, preparations are focused on celebrating a very important anniversary: Ferenc Liszt International Airport turns 75 on May 7, […]
More guests stayed in rural accommodation in Hungary in June-July than in last year's record year; according to data from the National Tourist Information Center (NTAK), 2.9 million foreign and domestic travelers spent 7.9 million guest nights outside the capital in the first two months of summer, the Hungarian Tourism Agency (MTÜ) told MTI on […]
PwC Hungary has announced the appointment of ten new directors. All appointments are effective as of September 1. The new directors are Andrea Csiszár, Liliya Meshcheryakova, Krisztina Sótonyi and Viktor Trubnikov in Assurance; Árpád Kelemen and András Szabó in Advisory and Technology Consulting; and Norbert Czilják, Rita Szalay, Zsolt Topánka and Péter Zalai in Tax […]
