Mercedes-Benz Manufacturing Hungary Ltd. in Kecskemét, east-central Hungary, continued to increase its revenue in 2023, from almost EUR 4 billion in the previous year to more than EUR 5 billion last year; and its profit before tax also increased, from more than EUR 96 million in 2022 to about EUR 103 million last year, the […]
The discount chain Lidl Hungary has sold more than 200 million bottles of Hungarian wine in the past ten years, half of which in its international stores, and the annual sales volume has increased fivefold since 2014, the company informed MTI on Wednesday. According to the statement, since the food retail chain launched its supplier […]
The company has been commissioned to supply more than 150 low-voltage power distribution units for new offices in the residential and office building development Dürer Park located next to the City Park in Budapest. As part of the Dürer Park project, a 3.7-hectare area adjacent to Ajtósi Dürer Avenue in District XIV is being completely […]
The first phase of the renovation work on the Hungaroring race track east of Budapest has been completed, with a spectacular transformation of the paddock and the spectator area behind the main stand. According to the website of the facility hosting the Hungarian Formula One Grand Prix, the last five months have seen the focus […]
While visitors spent some ten million tourism nights in Hungary in the first four months of the year, the number of tourism nights in April decreased by 4.7% and that of tourist arrivals in the same month was down by 1.3% compared to a year earlier, the country's Central Statistical Office reports. In April 2024, […]
The new climate-neutral plant will be the French company's fifth factory in Hungary, where it will produce medium-voltage devices for electrical distribution equipment. The investment, worth a total of HUF 31 billion and supported by Hungarian taxpayers through a government decision to the tune of HUF 4 billion, is expected to create five hundred new […]
The Hungarian banking system remains stable and its resilience to shocks is strong, but after last year's outstanding profitability, its profits will decline in 2024, Bálint Dancsik, head of the National Bank of Hungary's (MNB) Financial Stability Report, said on Tuesday. Last year's outperformance in profitability was mainly due to the high interest rate environment […]
Eco-First Ltd, a wholly-owned subsidiary of Alteo, and Mol Plc. have signed a long-term service contract for the utilisation of high inert natural gas, Alteo Energy Services Plc. announced on the website of the Budapest Stock Exchange (BSE) on Monday. Under the 10-year contract, Eco-First will be responsible for preparing the high-inert gas extracted by […]
On August 31, Budapest Airport, the operator of the Hungarian capital’s Ferenc Liszt International Airport, will launch its 12th charity run, which has been open to civilians, besides aviation employees, since last year, the company says in a statement. Athletes taking part in the Runway Run can run their chosen distance on runway I at […]
The Hungarian Association of Executives has held the Manager of the Year Awards for the 29th time and the Manager of the Year Award 2023 has been awarded to Radovan Jelasity, CEO of Erste Bank. The Hungarian Association of Executives awards the prize to an outstanding top manager on the basis of his or her […]
The Budapest Stock Exchange (BSE) share index, the BUX, closed the week at 68,846.13 points, up 757.89 points or 1.11% on the previous Friday, MTI reported Sunday morning with a brief analysis of the week’s trading. Although only four trading days were held during the week due to the Pentecost holiday, the total turnover of […]
The factory-owned subsidiary, which represents the BMW and MINI brands in Hungary, was founded in spring 2004, the company says in a press release. Over the past twenty years, the company, now operating under the name BMW Group Hungary, has enjoyed almost uninterrupted growth in sales and after-sales service, building a nationwide dealer and service […]
Hell Energy's HUF 80 billion capacity expansion investment in Szikszó, NE Hungary, has been inaugurated, creating 240 new jobs and strengthening the soft drink company's leading position in several countries around the world, according to a statement by the Ministry of Foreign Affairs and Trade. At the handover ceremony of the HUF 80 billion joint […]
CallComm Plc. has inaugurated its new office in Nyíregyháza (NE Hungary), located within the local university building. This EUR 2.7 million investment has created 100 new jobs and launched professional and foreign language training programs for 150 employees, paving the way for the company's future international expansion, the Hungarian Investment Promotion Agency (HIPA) reports. Founded […]
Natália Oszkó-Jakab, co-chair of the Hungarian Tourism Program Foundation and head of the Valley of Arts Festival, has been elected to the Board of the European Festivals Association, alongside the directors of the Ravenna and Edinburgh Festivals. This will enable the representation of the interests not only of Hungary, but also of the Central and […]
