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 […]
The Mol Group has updated its long-term strategy, 'Shape Tomorrow', with the aim of making the region greener, more self-sufficient and competitive, the company told MTI. According to the information, the main objective of the updated strategy is to enable a green energy transition while guaranteeing security of energy supply. To this end, the company […]
The pharmaceutical company Sanofi launched its international program "Cancer & Work: Acting Together" in February. It provides support to employees affected by cancer. The company says in a statement that it is providing social, mental and financial support, with up to twelve months of supplementary pay through a health fund, regardless of job title or […]
Despite the unfavorable global economic environment, the majority of CEOs expect rising revenues and profit growth in 2024, EY said in a statement sent to MTI on Wednesday, based on the results of its latest international survey. According to the 21-country survey of 1,200 CEOs, 64% of CEOs expect rising revenues and 63% expect profits, […]
On March 14th, a 24-hour relay will take place around the world, held by Paris 2024, the organizing committee of this year's Summer Olympic Games. The relay will pass through all five continents and engage the general public and figures from the world of sport in hour long sporting activities." In Hungary, the events of […]
The 25th anniversary of Hungary's accession to NATO is commemorated on Tuesday in Independence, Missouri, where Hungary, Poland and the Czech Republic officially joined the North Atlantic Treaty Organization on March 12, 1999. Twenty-five years ago on this day, Foreign Minister János Martonyi presented the instrument of Hungary's accession to US Secretary of State Madeleine […]
The operator of the Gundel Restaurant in Budapest is planning a double-digit, 20% increase in turnover this year, Jenő Magyary, managing director of Gundel, said in response to an inquiry from MTI. He added that in 2023, the turnover will increase to HUF 1.5 billion, and the profit will be roughly 8-10% of that, according […]
Bayer Construct Plc. is to build a factory in Sóskút, southwest of Budapest, where it will operate a bathroom assembly plant, as part of a new HUF 15 billion investment, according to a statement by the Ministry of Foreign Affairs and Trade. The project, which promises to create 100 new jobs, will be subsidized by […]
The supermarket chain Spar is to complain to the European Union about a special tax in Hungary, a Financial Times (FT) report is quoted by the Hungarian financial portal portfolio.hu. Spar has accused the Hungarian government of breaking EU law and called on Brussels to intervene to mitigate the "devastating" effects on its operations. The […]
