SMR Automotive Mirror Technology Hungary, a Motherson Group company, has announced to implement a EUR 33.3 million investment in Hungary. The Indian automotive supplier’s development aims to expand production and logistics capacities and install automation at four different sites in the country. A statement by the Hungarian Investment Promotion Agency says that Indian-owned Motherson Group […]
In a bold move signaling its commitment to national sovereignty, Hungary’s government has reclaimed Budapest Liszt Ferenc International Airport, the nation’s largest commercial airstrip. The state has officially repurchased the company managing the airport, according to a statement from the Ministry of Economy. The deal, valued at a whopping €3.1 billion (HUF 1.2 trillion), sees […]
The Mol Group has been awarded the International Sustainability and Carbon Certification (ISCC Plus) for the chemical recycling activities at the Mol Petrochemicals site in Tiszaújváros, NE Hungary. The certificate will enable the company to create a comprehensive value chain covering the entire life cycle of plastic waste, the company told MTI on Wednesday. According […]
The Dining Guide TOP 100 Restaurant Guide has once again awarded the best hospitality establishments, luxury hotels, and professionals at national level, recognizing those who are the heart and soul of the hospitality industry. Matild Palace, a Luxury Collection Hotel, Budapest, triumphed in several categories this year, in addition to its restaurant, Spago Budapest making […]
The events of this year's Hungarian-Turkish Cultural Year are a great success in both countries. That is according to Turkey's ambassador to Hungary, Gülsen Karanis Eksioglu. In the first five months, almost seventy Turkish-organized events were held in Hungary, to Budapest said. Assessing the events of the season at a press breakfast on Tuesday in […]
Hungary's first green hydrogen plant was inaugurated at a ceremony in the Bükkábrány Energy Park in NE Hungary. The plant, which is now officially starting its trial operation, will produce hydrogen from renewable energy generated by the local solar park, not only to combat climate change but also to take a significant step towards energy […]
The last year and a half have been the most successful period in the history of the Hungarian capital’s Ferenc Liszt International Airport and its operator, Budapest Airport. In addition to the company working continuously and successfully on recovery from the coronavirus pandemic, closing its second profitable year since the epidemic last year and the […]
Prime Minister Viktor Orbán held talks with Toshihiro Suzuki, Chairman and CEO of the Japanese Suzuki Motor Corporation in his office in the Buda Castle this Monday, the Prime Minister's Office told MTI. During the meeting, the parties reviewed the situation of the European and Hungarian automotive industries and the challenges of the technical transition. […]
The Budapest Stock Exchange (BSE) share index, the BUX, closed the week at 67,906.51 points, down 939.62 points or 1.36% compared to last Friday, MTI reported Sunday morning along with a brief analysis of the week.. Total turnover on the stock market rose from HUF 59.450 billion to HUF 93.818 billion on a weekly basis. […]
Hungary was the best performer at the Grow du Monde competition (also known as the World Italian Riesling Championship), with Hungarian wines winning 8 platinum, 48 gold, 54 silver and 47 bronze medals in Balatonfüred from Monday to Friday this week, MTI reported Saturday afternoon. More wines than ever before were entered for the third […]
TDK Hungary Components Ltd., a subsidiary of the Japanese TDK Corporation inaugurated its new plant in Szombathely. The company's operational scope will now include the production of signal transmitters and sensors, marking the first time these products have been manufactured in Europe. According to the Hungarian Investment Promotion Agency, the EUR 70 million investment will […]
Renowned chef Wolfgang Puck recently hosted a dazzling red-carpet event at Spago Budapest, drawing luminaries from the Hungarian film industry. Known for his long-standing role in crafting the menu for the Governors Ball following the biggest award ceremony of the international film industry, Puck created an unforgettable evening alongside his star culinary team. The guests […]
The management company of the Hungarian capital's Ferenc Liszt International Airport, Budapest Airport ended 2023 with a net profit of EUR 74 million on net revenues of EUR 337.8 million, and over the past two years, it has reduced its losses accumulated under the new coronavirus epidemic to EUR 47 million. The company says it […]
Mol has once again discovered oil in Vecsés in central Hungary, the Hungarian oil and gas company announced on the website of the Budapest Stock Exchange (BSE) on Friday. The company said that another exploration well was drilled in Vecsés to further explore the oil field discovered in 2022. The drilling, which started in January, […]
Hungary's decision to veto European Union plans to provide billions in military aid to Ukraine is causing increasing frustration in Brussels. As Budapest digs in its heels, refusing to wave through the assistance packages, dismay is spreading among fellow member states. When EU foreign ministers convened recently, tensions quickly boiled over. Even before the meeting […]
