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GreenGo Car Sharing Expands Service Area in the Capital

D&T
Feb 27, 2024

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 […]

Hungarian Parliament Elects a New President of the Republic

D&T
Feb 26, 2024

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 Approval for Sweden's Accession to NATO

D&T
Feb 26, 2024

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 […]

Magyar Suzuki to Produce Its Own Electricity

D&T
Feb 26, 2024

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 […]

Gedeon Richter Chairman of the Board Resigns

D&T
Feb 26, 2024

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 […]

BUX Index Rose on Falling Turnover This Week

D&T
Feb 25, 2024

The Budapest Stock Exchange's (BSE) share index, the BUX, rose by 493.43 points, or 0.75%, to end the week at 66,263.18 points, compared to the previous Friday's close. Total turnover fell from HUF 49.619 billion to HUF 48.912 billion on a weekly basis, with leading stocks performing mixed. In its weekly summary, Equilor Investment Plc. […]

Accor Closes a Successful Year in Hungary

D&T
Feb 23, 2024

Accor, the world's leading hotel group, achieved a record high EBITDA (earnings before interest, taxes, depreciation and amortization) of more than EUR 1 billion in 2023, and also closed a successful year in Hungary, the company told MTI on Friday. Accor achieved a record high result in 2023, with EBITDA crossing the EUR 1 billion […]

First BYD Passenger Cars Purchased in Hungary

D&T
Feb 23, 2024

The first BYD passenger cars sold in Hungary were handed over to their owners in a ceremony attended by BYD's top managers who are in Hungary for the first time. At the ceremony, Michael Shu, Managing Director of BYD Europe, recalled that the company entered Hungary 19 years ago as a bus manufacturer and started […]

Hungary Pledges to Approve Sweden's NATO Bid in February Amid Diplomatic Tensions

D&T
Feb 23, 2024

Hungary, the final NATO member yet to endorse Sweden's entry into the world’s largest military alliance, has signaled readiness to greenlight the Nordic nation's bid this month. Prime Minister Viktor Orbán, in a state-of-the-nation address in Budapest, hinted at a resolution to the standoff, marking a potential end to months of diplomatic deadlock. "Our disagreements […]

CoffeeBar Bazaar 2024

D&T
Feb 23, 2024

More coffee, accessories and other products than ever before from around fifty exhibitors, barista championships and twelve accompanying programs await the 14th CoffeeBar Bazaar on Saturday and Sunday in Hall B of Millenáris Park in Budapest. Visitors to the country's largest coffee festival can sample exhibitors' products for free with the purchase of a ticket. […]

46th Travel Exhibition and 32nd Budapest Boat Show

D&T
Feb 22, 2024

The 46th Travel Exhibition and 32nd Budapest Boat Show opened at the Hungexpo Budapest Congress and Exhibition Center on Thursday. The focus of the exhibition this year is on active and adventure tourism. Klára Tihanyi, Director of the Utazás+ Exhibition, added that the Utazás+ Exhibition will be organized in a renewed form and content this […]

AutoWallis Group Continues as Opel Importer

D&T
Feb 22, 2024

AutoWallis Distribution, a subsidiary of the AutoWallis Group, will be the wholesale distributor of the Opel brand in Hungary, Bosnia and Herzegovina, Croatia and Slovenia for another five years, at least until the end of 2028, the AutoWallis Group told MTI on Thursday. Gábor Ormosy, CEO of AutoWallis Plc, said in a statement that the […]

Rome-Budapest, 1800-1948: a Judit Virág Gallery Exhibition

D&T
Feb 21, 2024

The renowned Hungarian artist Tivadar Csontváry Kosztka's priceless painting of the Moon in Taormina, which has not been seen by the public for a long time, will be included in the exhibition entitled Rome - Budapest, opening at the Judit Virág Gallery this Thursday, the gallery told MTI on Wednesday. According to the statement, the […]

Wind Could Complement Solar

D&T
Feb 21, 2024

Gábor Földvári, the CEO of Nap Plc., the stock exchange company that owns and operates solar power plants, discussed the potential role of wind power plants at a briefing on Wednesday. Electricity consumption has fallen significantly in the past year. The weather has been kind and everyone has started to save energy. However, savings measures […]

18 New Logistics Parks to Be Created in Hungary

D&T
Feb 20, 2024

According to a decision of the Minister of National Economy, 18 new logistics parks will be created in Hungary, the Ministry of National Economy said in a statement quoted by the financial news site portfolio.hu. The Hungarian government has created the legal framework for logistics parks in 2023, and the new certification system aims to […]

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