The Hungarian-owned Hotel & More Group, an independent hotel operator, doubled its revenue in 2023, and expects double-digit growth this year, the group told MTI. According to Balázs Klemm, the owner-CEO, this year can be an extremely good year for Hungarian hotels, thanks to the exceptionally high number of seven long weekends, while a significantly […]
The energy company ALTEO achieved outstanding results in 2023, as a proof its strategy was updated at the beginning of 2022 and its implementation are successful and effective, where environmental and social sustainability plays a key role in addition to business considerations, the company has announced on the website of the Budapest Stock Exchange. The […]
Colette Matz takes over from Matt Zeller as Country President of Novartis Hungary in March 2024. The new leader brings more than 20 years of experience in the pharmaceutical industry. Most recently, she was Head of the Neuroscience Therapeutic Area at the Swiss company's Italian affiliate, the company has announced. Colette Matz has had a […]
György Matolcsy, the Governor of the National Bank of Hungary, has vehemently criticized the government's latest proposal, which he perceives as a direct assault on the institution's independence. This latest clash deepens the rift between Prime Minister Viktor Orbán’s administration and the country’s chief banker. During an event at the Budapest Stock Exchange, Matolcsy articulated […]
Despite the challenges, the BUX index rose by 38% in HUF and 49% in USD last year, the second best performance in the world after Nasdaq, Richárd Végh, CEO of the Budapest Stock Exchange (BSE), said at the BSE Best awards gala on Thursday, where capital market players with outstanding performance were honored in 25 […]
Crowne Plaza Budapest, a part of one of the world's largest hotel brands, InterContinental Hotels and Resorts (IHG), has achieved recognition for its sustainability efforts by obtaining the globally renowned Green Globe certification. To initiate the process, the hotel prepared a report on environmental and social initiatives taking place within the property. Subsequently, an accredited […]
Erste Group achieved an operating profit of EUR 5.5 billion in 2023, up 38% year-on-year, according to a preliminary profit outlook, the company said on its website on Thursday. The cost/income ratio improved to 47.6% from 53.4% as operating income growth outpaced operating expenses. Loans rose 2.8% year-on-year from EUR 202.1 billion to EUR 207.8 […]
Top achieving foreign and local players were recognized in nine categories at the annual ‘Investors of the Year Awards’ gala in the Museum of fine Arts by the Hungarian Investment Promotion Agency (HIPA) to celebrate the results of 2023, which was yet another record year in the history of Hungarian investment promotion. The prizes were […]
A painting by József Rippl-Rónai that has not been seen for almost eighty years is the most valuable piece at this year's Art and Antique Budapest exhibition and fair, which starts on Thursday and will be hosted by the Bálna events center in Budapest. The painting, titled 'Szent Pál Fair', was painted in 1912 by […]
Wizz Air will be the official carrier of the Hungarian team to the Paris 2024 Olympic Games, according to a cooperation agreement signed on Wednesday between the Hungarian Olympic Committee (MOB) and the airline. At the press conference held on the occasion of the ceremony, the agreement was signed by Wizz Air CEO József Váradi […]
GreenGo has added five new locations to its existing service area in Budapest, making car-sharing more accessible to around 300,000 residents, GreenGo told MTI on Tuesday. GreenGo cars can now be parked, rented and locked in outer districts like Csepel, Pesterzsébet, Pesthidegkút, Budaörs and Budafok, for example. The company stressed that their vehicles can be […]
Tamás Sulyok was elected President of the Republic by the governing majority of Hungarian Parliament on Monday. The new head of state said he wants to build trust through mutual listening and understanding free of prejudice. The Constitutional Court president, who was the only candidate for the post, received 134 votes in favor in a […]
Hungarian Parliament has voted this Monday to give its assent to Sweden's accession to the North Atlantic Treaty Organization (NATO). Members of parliament approved the law on the proclamation of the accession protocol by 188 votes to 6, with no abstentions. The previously neutral northern European state, together with Finland, applied to join the military […]
Suzuki has inaugurated its own solar park at its Esztergom plant, the nearly HUF 800 million investment will cover 6-7% of the company's annual energy needs, the company's communications manager, Zsuzsanna Bonnár-Csonka told MTI on Monday. She highlighted that the solar panels installed on the roofs of the various units of the factory are an […]
The Board of Directors of the Hungarian pharmaceutical company Gedeon Richter Plc. has informed the company’s shareholders in an extraordinary announcement that Erik Bogsch resigned from his position as Chairman of the Board with effect from March 1, 2024, while remaining a member of the Board. The Board of Directors accepted the resignation at its […]
