German-owned SCHEDL Hungária Ltd., a company specializing in the assembly and in-sequence delivery of complete wheels, invests EUR 101.1 million to open new production facilities in two Hungarian cities, Debrecen and Kecskemét, the Hungarian Investment Promotion Agency (HIPA) reports. The greenfield investment, about 5% of which is to be covered by Hungarian taxpayers as state […]
The Maltese airline Universal Air will operate two flights a week on the Malta-Pécs-Munich route from March 26, the company told MTI on Thursday. The company said in a statement that its flights using the Pécs airport will operate on the Malta-Munich route on Tuesdays and Fridays between March 26 and October 22, with a […]
In the ever-evolving landscape of global economies, the importance of economic competitiveness cannot be overstated. It is the cornerstone of a nation's ability to sustain growth, attract investment, and improve the living standards of its population. A nation's competitiveness is often a reflection of its efficiency, innovation, and the ability to leverage technology and human […]
The digitalization of Hungarians using bank cards has continued to grow, especially in mobile payments and online shopping, but travel and spending abroad have also returned to pre-pandemic levels, according to the results of Mastercard's Bank Card Usage Habits and Attitudes survey published on Thursday. With a 97% bank card penetration rate in Hungary, the […]
On Easter Sunday and Monday, March 31 and April 1, the Open-Air Ethnographic Museum (Skanzen) brings the old village Easter celebrations to life with sprinkling, eggs and a spring festival. Tales, concerts and handicrafts await visitors in the Skanzen. Traditions linked to Christian culture and spring folk customs will be on display. Participants can get […]
Trondheim, Norway, hosted on March 19-20 the European qualification round of the Bocuse d'Or international cooking competition, where the Hungarian team secured its place in the final, which will take place in Lyon in January 2025, and won the special prize for the best plate, the Hungarian Tourism Agency (MTÜ) announced in a statement on […]
More than 200 artists from 20 countries will perform in almost 90 concerts at the 3rd Jazzfest Budapest from April 27 to May 15, with the 20th anniversary of the accession to the European Union being the focus of the eighteen-site event. Among the many world stars performing at the Budapest Spring Festival (BTF) are […]
Audi Hungaria Plc.'s sales revenue increased by 7.9% last year compared to 2022, it was announced on Tuesday in Győr at a press conference presenting the results. Last year, the company achieved sales revenue of EUR 9.102 billion (HUF 3,602.4 billion), which is EUR 666 million (HUF 263.6 billion) more than in the previous year. […]
A major development has been introduced at the Michelin plant in Nyíregyháza, NE Hungary. The sports car tire factory is modernizing its curing equipment by replacing the existing steam presses with electric ones, and thereby reducing its energy consumption. Curing (or vulcanization) is the final stage in the tire manufacturing process, during which the tires […]
An exhibition of a selection of artworks, including 19th century classics, contemporary works and Biedermeier genres, is on show at the Kieselbach Gallery in Budapest. The exhibition also includes modern masterpieces, fauve compositions, expressionist masterpieces, art deco scenes and pop art works, the gallery told MTI. The selection also includes museum masterpieces. For example, János […]
The first green bond issue by the Hungarian Development Bank (MFB) was met with keen interest: the auction on the Budapest Stock Exchange raised almost HUF 11 billion in funds, which will help finance green investment by businesses, the bank told MTI on Monday. They said that MFB raised a total of HUF 10.8 billion […]
The Budapest Stock Exchange (BSE) share index fell this week on rising turnover, closing at 64,988.33 points on Thursday, down 1,105.29 points or 1.67% from a week earlier, MTI reported this Sunday morning, along with a brief analysis of the week's trading. The turnover of the stock market for the four-week period was HUF 68.18 […]
Budapest has won the European Commission's award for the programs and developments implemented in the framework of last year's European Mobility Week, the Mayor's Office of the Municipality of the City of Budapest announced on Friday. The annual Mobility Week, organized by the European Commission, aims to promote sustainable transport and make it more accessible. […]
In a forthright address, U.S. Ambassador David Pressman sharply criticized Hungarian Prime Minister Viktor Orbán for actions he described as detrimental to the trust between the United States and Hungary. The Ambassador's speech, delivered in Budapest, marked a significant moment in the increasingly strained relations between the two nations, accusing the Hungarian government of corruption, […]
The Sleep Friendly Hotel Awards for this year were presented on the occasion of World Sleep Day at the Hungarian Academy of Sciences in Budapest. Honored with this prestigious accolade for their exceptional efforts in crafting an exemplary sleep environment for guests and their unwavering dedication to ensuring quality sleep were the Matild Palace, a […]
