Under a recently signed contract, the electricity company E.ON will build a 4.6 MW small-scale solar power plant next to Bosch's factory in Hatvan, east of Budapest, strengthening both companies' commitment to sustainability. Robert Bosch Elektronika Ltd. of Hatvan and E.ON have signed a Memorandum of Understanding under which the E.ON Hungária Group will build […]
Hungary’s Eszter Barabás won the women's and Mitchell Baum of the United States the men's race at the 38th Spar Budapest Marathon this Sunday. According to the organizers, the Budapest Sports Office, some 23,000 people from 96 countries and more than 1,000 Hungarian towns and villages came to the two-day event, which started at 9 […]
The National Bank of Hungary (MNB) pledged nearly EUR 14 million to the IMF’s Poverty Reduction and Growth Trust (PRGT) through a targeted investment instrument. The pledge has officially been announced by Barnabás Virág, Deputy Governor of the MNB on the margins of the Annual Meetings of the World Bank Group (WBG) and the International […]
Established in 2002, the Budapest-based Netherlands-Hungarian Chamber of Commerce (Dutcham) is a self-financed business association with active co-operation of the Royal Netherlands Embassy in Budapest and the Embassy of Hungary in the Hague. Its aim is to facilitate the exchange of professional expertise and provide networking possibilities for Dutch companies operating in Hungary and also […]
The stock index of the Budapest Stock Exchange (BSE) strengthened this week, closing at 55,929.69 points on Friday, 1.53% higher than a week earlier., MTI reported Sunday morning along with a brief analysis of the week’s trading. The weekly turnover of the stock market was HUF 39.33 billion, up from HUF 33.58 billion the previous […]
Dutch Ambassador to Hungary Désirée Bonis talks to Diplomacy&Trade about the historical connections as well as the current challenges and opportunities characterizing bilateral relations between The Netherlands and Hungary. While differences exist on issues such as the war in Ukraine and EU values, economic cooperation remains strong and cultural exchanges continue to reaffirm ties between […]
The MittelCinemaFest Italian Film Festival will take place in Budapest from November 4 to 12, with 12 recent Italian movies, including several festival winners, being screened at the Puskin and Tabán cinemas in the Hungarian capital. The event, organized jointly by the Italian Cultural Institute of Budapest and Cinecittá, will screen contemporary Italian films in […]
Industrial production in Hungary decreased by 5.3% in August this year according to this Friday's report by the country's Central Statistical Office (KSH) that also strikes a positive note by stating that the manufacture of transport equipment actually grew by 4.6%. The volume of industrial production declined in August 2023 by 5.3%, year-on-year. Based on […]
Total domestic solar capacity topped 5,400 megawatts by the beginning of October, according to latest data summary by MAVIR Hungarian Transmission Operator Co., with the first three quarters adding 1,389 megawatts, more than 300 megawatts more than the gain in twelve months of last year's record year, the Energy Ministry (EM) said on Friday. The […]
The 2023 ’For a Sustainable Future Awards’ have been presented, recognizing outstanding sustainable corporate and leadership achievements, by the Business Council for Sustainable Development in Hungary's (BCSDH) at its annual business lunch. A record number of exceptional submissions were received for the 2023 ’For a Sustainable Future Awards’. These awards were established to acknowledge outstanding […]
An informal European Union summit convened in Granada, Spain, took an unexpected turn when the Prime Ministers of Hungary and Poland blocked a joint EU declaration on migration. The two leaders compelled delegates to omit a passage regarding member countries' views on migration from the carefully crafted declaration that had been in the works for […]
Hungary's leading feed producer and one of the largest feed material traders is also making significant investments in the field of livestock breeding, having acquired this summer a stake in Mangal Ilona Sertéshizlalda Ltd. By 2026, they will build one of the most modern and sustainable pig farms in Europe. One of UBM's big announcements […]
The energy crisis and the resulting dramatic increase in energy prices have underscored the importance of energy efficiency over the past year, Deputy Governor of the National Bank of Hungary (MNB), Csaba Kandrács said this Thursday at MNB’s International Green Finance Conference. It featured presentations by representatives of the European Commission and the International Energy […]
The European Film Academy (EFA) will award Hungarian filmmaker Béla Tarr with its Lifetime Achievement Award, The Hollywood Reporter reported on Wednesday. According to the citation, the award is a tribute to Béla Tarr, who is highly respected among his colleagues and celebrated by audiences worldwide for his work as a director, as well as […]
Investors submitted offers worth HUF 27.5 billion in UniCredit Jelzálogbank Plc.'s third green mortgage bond issue, of which the bank accepted HUF 20 billion in the originally offered amount, almost half of which was subscribed by commercial banks, the company told MTI on Wednesday. According to the information, the bank's fixed-rate 5.5-year UCJBF 2029/A series […]
