Two new items from the former Corvina Library of Hungary’s King Matthias and the earliest panoramic photograph of Istanbul, consisting of ten images, have been made available to the public in the digital collection of the National Széchényi Library (OSZK). The inclusion of the new items was announced at a press event, which was part […]
IHG Hotels & Resorts, one of the world’s leading hotel companies, announced during the HOTCO international hotel investment conference in Vienna its first Holiday Inn & Suites property in Europe with the signing of Holiday Inn & Suites Budapest Centrale – part of its Holiday Inn Hotels & Resorts brand. Set to open in late […]
The stock index of the Budapest Stock Exchange (BSE) rose this week, closing at 65,290.31 points on Friday, up 1,197.75 points or 1.87% from a week earlier, MTI reported on Sunday with a brief analysis of the week’s training. The weekly turnover of the stock market was HUF 70.77 billion, up from HUF 65.71 billion […]
For the eleventh time, Magyar Posta, the Hungarian Post Office, is issuing a stamp design with motifs of the Chinese horoscope, this time to greet the upcoming period between February 10, 2024 and January 28, 2025, the Year of the Dragon. According to Dr. Barnabás Balczó, Chairman and CEO of Magyar Posta Plc., "just as […]
China’s BYD, the world's leading electric vehicle (EV) manufacturer, has set its sights on Hungary for its first European auto factory. BYD's groundbreaking initiative marks a significant leap forward for the automotive industry, green energy, and international cooperation. The signing of the preliminary and purchase agreement for the site in Szeged, southern Hungary, heralds BYD's […]
An uncompromised lunch menu, with the best quality ingredients, carefully prepared and served a tad simpler than the evening. New this year, Spago Budapest offers a completely different experience at lunchtime compared to the evening meal, without compromising on the high quality the restaurant is known for. The innovation is also partly a response to […]
Representatives of the hydrogen organizations of nine Central European and Baltic states signed the official cooperation agreement of the 3 Seas Hydrogen Council (3S) in Paris, aiming to develop the region's hydrogen sector, the Hungarian Hydrogen Technology Association informed MTI on Thursday. At the Hyvolution conference, the world's leading hydrogen technology showcase, which closed on […]
Provident Financial Ltd., as one of the leading players in the Hungarian financial sector, has previously announced its cooperation with the BOM Foundation for Hungarian Sport. Now, the CEO of Provident, Botond Szirmák has joined the Board of Trustees of the Foundation and pledges his continued support for Hungarian sports. In a statement released this […]
In 2023, domestic output prices rose by 25.4% and non-domestic output prices decreased by 0.7%, so industrial producer prices together were 7.8% higher than in 2022, the Central Statistical Office (KSH) reported this Wednesday. Industrial producer prices were 7.2% lower on average in December 2023 compared to one year earlier. Domestic output prices were cut […]
In December 2023, 1.1 million guests spent 2.7 million tourism nights at tourist accommodation establishments (commercial, private and other accommodation establishments). The number of guests was 16% higher and that of tourism nights 13% higher than a year earlier, the Central Statistical Office (KSH) reports. The number of nights spent by domestic guests increased by […]
Tamás Günzer, recently named Wine Producer of the Year by the Hungarian Wine Academy has received MTI's photographer in his wine cellar in Villány, southern Hungary. Tamás Günzer's family of winegrowers cultivates 75 hectares of vineyards, from which they produce 5,000 hectoliters of wine annually. It's a real family business, where everyone has found the […]
An occasional All Star bagpipe band performed this Monday at the changing of the guard on the occasion held by the Hungarian-Scottish Society and the Robert Burns International Foundation at the main staircase of the Hungarian Parliament building to mark the 265th anniversary of the birth of Scottish national poet Robert Burns. The birth anniversary […]
Last year, the Hungarian economy emerged from the most difficult phase of the crisis caused by the handouts before the 2022 elections and the global economic consequences of Russian aggression against Ukraine. However, according to research by the GKI economic research institute, the government's ideas are unlikely to put the economy on a sustainable growth […]
The stock index of the Budapest Stock Exchange (BSE) fell this week on a declining turnover. The BUX closed at 64,092.56 points on Friday, 488.31 points, 0.76% lower than a week earlier, MTI reported this Sunday along with a brief analysis. The total weekly turnover of the stock market fell from HUF 65.953 billion to […]
Global tax reforms are significantly changing the terms of transfer pricing, with companies most concerned about double taxation and inflation affecting the pricing of related party transactions in the long term, according to an Ernst & Young (EY) survey of large corporate executives in more than 40 countries, including Hungary. The international financial advisory firm […]
