In a potentially groundbreaking move, Hungarian Prime Minister Viktor Orbán has accepted an invitation from Ukrainian President Volodymyr Zelenskyy for a future bilateral meeting. This would mark a significant development in their strained relationship since Russia's invasion of Ukraine in February 2022. Announcing the acceptance during an annual international news conference in Budapest, Orbán revealed […]
The year 2023 saw inflation peak for more than a quarter of a century and then fall sharply in the second half of the year. The hard part is yet to come, however, as disinflation could slow significantly in 2024, so there is a real risk that price rises could still be stuck at significantly […]
According to an international survey, Hungarians are more in favor of the transition to green energy, including solar power plants and wind farms, than the European average, and this is also true when it comes to renewable power plants near their homes/gardens, the financila newssite portfolio.hu reports. However, the answers to the question on the […]
The Budapest Stock Exchange (BSE) share index fell this week on rising turnover, closing at 60,294.40 points on Friday, 74.78 points or 0.12% lower 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 133.7 billion, up from HUF […]
The first Hungarian Lynx air defense weapon has been completed at the Zalaegerszeg plant in south-western Hungary, the Ministry of Defense said in a statement sent to MTI. They recalled their information on Thursday that according to their latest agreement with their strategic partner Rheinmetall, they are developing an air defence system for the Hungarian […]
The world’s leading manufacturer of electric and plug-in hybrid cars, BYD, is planning to make a historic investment in Szeged, SE Hungary. The Chinese company aims to develop its first European electric vehicle manufacturing plant on a ca. 300-hectare site in Hungary. Due to the investment, thousands of high-added value jobs will be created, and […]
The volume of export increased by 3.0% in October 2023 and that of import lessened by 2.5% compared to the same period of the previous year. The surplus was EUR 1.0 billion, the balance improved by EUR 1.9 billion year-on-year, the Central Statistical Office reports. Compared to September, the seasonally and working-day adjusted volume of […]
Hungary has unexpectedly vetoed a €50 billion EU aid package earmarked for Ukraine, dealing a significant blow to Kyiv's ongoing struggle against Russian aggression. The move follows Hungary's earlier threat to veto accession negotiations with Ukraine. "Summary of the night shift: veto for the extra money to Ukraine," remarked Hungarian Prime Minister Viktor Orbán after […]
Under an agreement signed this Wednesday, MVM Green Generation Ltd. will acquire the 63 MWp Tázlár solar power plant in S Hungary, according to a statement issued by the MVM Group. The transaction is expected to close in the first quarter of 2024. The announcement comes just after the publication in Thursday night's OFFICIAL Hungarian […]
The Monetary Council of the National Bank of Hungary (MNB) cut the base rate by 75 basis points to 10.75% at its last interest rate decision meeting of the year on Tuesday, and also cut the two edges of the interest rate corridor by the same amount. Although the decision was in line with analysts' […]
The Hungarian state-owned Corvinus International Investment Ltd. has concluded agreements on the sale of its 25% stake in Yettel Hungary Plc. and Yettel Real Estate Hungary Plc. and its 20% stake in CETIN Hungary Plc, the Ministry of Economic Development (GFM) told MTI on Tuesday. According to the information, the buyer is the Dutch holding […]
A leading supplier of electric drivetrains, Schaeffler has announced to launch a major R&D project in value of HUF 5.2 billion at its Szombathely site. The development that also creates 94 new jobs will help the German company solidify its market position. Schaeffler Group has been a pioneer of a series of inventions in the […]
Located in the stunning surroundings of the Turracher Höhe, Hotel Hochschober provides luxury, elegance and an experience close to nature at the same time. Visitors can admire the view from the hotel heated pools separated from Lake Turrach, from the panoramic saunas, or even from the nearby mountain railway Panoramabahn, and the new Wildkopfbahn cable […]
RÁBA Automotive Holding Plc. informed the participants of capital markets on the website of the Budapest Stock Exchange this Monday that "on October 31, 2023, it published an extraordinary announcement that on October 31, 2023, a Memorandum of Understanding was signed by RÁBA Plc., N7 Holding Zrt., an internationally significant Turkish defence company, Nurol Makina […]
UniCredit CEO Andrea Orcel has confirmed that the Italian banking group is interested in acquisition opportunities, especially in Central and Eastern Europe, but will continue to take a disciplined approach, the financial portal portfolio.hu quotes Reuters news agency as saying. In an interview with the Frankfurter Allgemeine Zeitung (FAZ), Orcel said that “we are likely […]
