Daniella Electricity further strengthens its market leader role in the region of Pécs by acquiring Elektro UNO's electrical products trading business unit. The transaction took place in June 2024, as a result of which the electrical products trading business unit of the long-established Elektro UNO, with 6 sites, will continue to operate under the Daniella […]
OXO Technologies merges with 3TS Capital Partner after acquiring majority ownership in the Finnish private equity and venture capital firm. Based on the agreement, OXO Technologies can first acquire a minority stake by purchasing shares after financial and legal due diligence is completed. Majority ownership can be acquired next year, according to the announcement, the […]
This morning, many passers-by noticed that a figure with an umbrella is standing with playful ease on the façade of the Széll Kálmán tér building that houses the MNB's Supervisory Center and the Money Museum in Budapest. The special attraction created on the occasion of the 100th anniversary of the Magyar Nemzeti Bank is not […]
The Formula One Hungarian Grand Prix, held annually at the Mogyoród track, just east of Budapest is important to Hungary both in terms of PR and prestige, according to Gergely Gulyás, Head of the Prime Minister's Office. Speaking to reporters in the Hungaroring paddock ahead of the 39th Hungarian GP near Budapest, Gulyás said most […]
The European Union announced its top officials will boycott informal meetings hosted by Hungary during the country’s EU presidency. This decision follows Hungarian Prime Minister Viktor Orbán's controversial meetings with foreign leaders about Ukraine, which have angered European partners. Some member states, however, are frowning on Brussels’ unprecedented move. The European Commission, the EU's executive […]
As a country of 10 million, Hungary can accommodate 20 million tourists, which can generate 50 million guest nights a year by 2030, up from the current 41.8 million, László Könnyid, CEO of the Hungarian Tourism Agency (MTÜ) said on Tuesday in Budapest during McKinsey & Company's "Budapest Awaits: Fulfilling the at a round table […]
MVM Mobiliti handed over its first charging station with a total capacity of 600 kilowatts in Törökbálint, just west of Budapest. The station was implemented with support from the European Union. The development was implemented in the MVM Ultra project, with funds supported by CINEA (European Climate Policy, Environmental Protection and Infrastructure Executive Agency) of […]
According to data published by Eurostat, the statistical office of the European Union, the industrial production of the Eurozone decreased to a lesser extent than expected by analysts, but in a monthly comparison in May, a decline was also registered on an annual basis. In May, industrial production in the Eurozone fell by 0.6% on […]
The National Bank of Hungary (MNB) will issue a non-ferrous commemorative coin with a face value of HUF 3,000 depicting the 50-year-old Rubik's Cube on the inventor Ernő Rubik's 80th birthday. The focus of the commemorative coin is the globally popular spatial logic game, presenting the principle of operation of the invention. The commemorative coin […]
Debrecen International Airport closed on Thursday evening due to technical reasons foreseeably for one week, and Budapest Airport takes over the handling of flights and passengers from Debrecen. Passengers who would have departed from Debrecen will be informed by their airline whether their flight will be diverted or canceled. For Budapest Airport, the diversions are […]
Hungary's government has unveiled what it dubs an "anti-war" action plan. The ambitious strategy, announced on Monday, aims to shore up the country's finances through a series of special taxes on banks, energy companies, and multinational firms. Prime Minister Viktor Orbán's administration is no stranger to unconventional economic measures. Once again, they've turned to their […]
The Duchess rooftop bar, located on the top of the Matild Palace, a Luxury Collection Hotel, offering one of the most beautiful views in the capital, is preparing unforgettable events for this summer. On July 13, Budapest’s most elegant and glamorous evening, the White Party is held with a vibrant atmosphere, a DJ and special […]
Dr. László T. Hetzman, the permanent Hungarian head doctor of the Formula 1 world championship series, is putting up for auction a race suit as well as a helmet and gloves worn - and signed - by the defending champion, three-time world champion Max Verstappen, the Dutch pilot of Red Bull. On the occasion of […]
The Hungarian capital's Ferenc Liszt International Airport showed a significant increase in both passenger and cargo traffic in June. The number of passengers exceeded 1.5 million, which is higher than the data for the sixth month of the record year 2019 before the epidemic - based on the compilation of airportal.hu. This is how the […]
The foreign minister welcomed the Chinese leadership’s support for the further enhancement of cooperation. Péter Szijjártó, Minister of Foreign Affairs and Trade, said Hungary’s economic, trade and investment cooperation with China will provide a “solid foundation” for the country’s economic growth in the coming years. Speaking in Beijing, the minister welcomed the Chinese leadership’s support […]
