Budapest Airport, the operator of the Ferenc Liszt International Airport in the Hungarian capital, launched a major development program in spring 2019, and over the past 5 years, the value of airport developments has exceeded HUF 130 billion, the company says in a statement. This spring, a new series of investments worth HUF 17 billion […]
The consolidated sales revenue of the pharmaceutical company Gedeon Richter Plc. was HUF 203.4 billion in the first quarter of 2024, 3.0% lower than a year earlier, the pharmaceutical company announced on the website of the Budapest Stock Exchange (BSE) on Tuesday. Analysts had expected revenues to fall 3.6% to HUF 202 billion. In the […]
The 24th Gyula Pálinka Festival, celebrating this special Hungarian fruit brandy, will be held between May 17-19, the organizers announced at a press conference on Monday in the Castle Garden in the southeastern Hungarian town of Gyula. Mayor Ernő Görgényi said that the festival is the town's biggest gastronomic event and has a significant tourist […]
With an investment of more than HUF 5 billion, Schaeffler Savaria Ltd., a manufacturer of automotive components, has upgraded its site with a logistics hall with a floor area of 6,200 square meters and an office building with a floor area of 2,200 square meters in Szombathely, the company told MTI. The new facility includes […]
Free concerts, the traditional Europe Day running race, quizzes and civic programs attracted thousands of visitors to Budapest's downtown Szabadság Square on Sunday, where the focus was on the 20th anniversary of Hungary's EU accession and the EP elections. The Europe Day events were organized by the European Commission Representation in Hungary and the European […]
Hundreds of exhibitors, including 160 winemakers, are awaiting guests at the Szeged Wine Festival, the country's largest wine festival, which starts on Thursday and will last eleven days this year, the managing director of Szeged Cityscape and Market Ltd., the organizer of the series of events, told MTI. Attila Rácz said that visitors can meet […]
The Budapest Stock Exchange's (BSE) share index, the BUX, rose by 1.76% this week, or 1,199.71 points, compared to last Friday's close, to close at 69,201.95 points, a new all-time high, MTI reported this Sunday morning. Total turnover rose from HUF 46.306 billion to HUF 59.474 billion on a weekly basis. All the leading shares […]
Budapest Airport, the management company of the Hungarian capital’s Ferenc Liszt International airport, has held this month its second wine competition, where an exclusive tasting of nearly 300 Hungarian wines was held with the participation of the company’s key partners and renowned wine experts, to select the quality drinks that will represent Hungary’s gateway for […]
MOL Group delivered USD 382 mn Profit before tax in Q1 2024, amidst continued government takes and turnarounds in Downstream, the unfavorable effect of lower gas prices in Upstream, and continued strong non-fuel dynamics in Consumer Services. MOL Group generated USD 402 mn simplified free cash flow in Q1 2024, 22% lower compared to the […]
OTP Bank has further strengthened its market share and is the market leader in the region in terms of equity, and is ranked first in five countries in terms of net loans, OTP Bank Plc.'s Deputy CEO László Bencsik said at a press conference in Budapest on Friday, assessing the bank's first quarter results. László […]
In a recent declaration that underscores the deepening ties between China and Hungary, President Xi Jinping characterized the relationship between the two countries as an "all-weather" strategic partnership, following fruitful discussions with Hungarian Prime Minister Viktor Orbán. The announcement came during Xi's visit to Budapest, marking the final leg of his first European tour in […]
The President of the People's Republic of China Xi Jinping was received with a military ceremony by Hungarian President Tamás Sulyok and members of the Hungarian government at Buda Castle on Thursday. The Chinese head of state and his entourage, who are on a state visit to Hungary until Friday to mark the 75th anniversary […]
In the first three months of the year, Hungarian accommodation establishments recorded 7.1 million overnight stays, up 14% on the same quarter last year. The Hungarian Tourism Agency said in a statement on Thursday that this year could be a record year based on the first quarter figures. In addition to the number of guest […]
On behalf of the Ministry of European Union Affairs, Minister János Bóka signed a strategic partnership agreement with the Hungarian representation of the American Chamber of Commerce (AmCham Hungary), MTI quotes a social media post by the minister. The agreement aims to ensure that direct consultation results in better quality, more effective legislation that is […]
Angela Saliba was appointed as the new Multi-Property General Manager of the Budapest Marriott Hotel and Millennium Court, Marriott Executive Apartments, according to a statement by Marriott. With an illustrious career spanning 30 years, Angela has demonstrated unparalleled dedication and passion for the hospitality sector with extensive leadership experience across multiple brands in both resort […]
