BestDrive, the international tire service network of the Continental Group, is expanding in Hungary, having opened its first franchise in Budapest this week. BestDrive announced in a statement to MTI that it will start operations this year with five franchised brand service centers in Budapest and three in rural areas – Szeged, Debrecen and Székesfehérvár […]
MBH Bank and the Hungarian Branch of Bank of China Limited have signed a Memorandum of Understanding to establish a long-term, stable and mutually beneficial business relationship, MBH told MTI on Thursday. The MoU aims to strengthen inter-bank activities, especially in the field of bilateral financing arrangements, and to promote trade in financial products through […]
The share capital of Magyar Export-Import Bank Plc. has been increased by HUF 15 billion by the holder of the company's ownership rights. The news has been announced on the website of the Budapest Stock Exchange. For the capital increase, the Minister of National Economy, who exercises all the ownership rights and obligations of the […]
At its meeting this Tuesday, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided to cut the central bank's base rate by 25 basis points to 6.5%, lowering the two edges of the interest rate corridor by the same amount with effect from September 25, […]
Hungarian-owned Master Good Group has acquired a strategic stake in NOBU, a chain of more than 50 restaurants and nearly 20 hotels worldwide. The group comprised of Master Good Ltd., Baromfi Coop Ltd. and Sága Foods Plc., is one of the largest food industry players in the region it and has been a dominant player […]
Hungary will present itself as a bridge between East and West, as the main meeting point for Western and Eastern investments and developments at EXPO REAL, one of the world's most prestigious real estate development trade fairs, between October 7-9 in Munich, the National Investment Promotion Agency (HIPA) and the Real Estate Developers Round Table […]
Organized by the French Embassy in Budapest and the French Institute, the French stand presents the best of contemporary French literature and publishing. The Budapest International Book Festival, which will take place from September 26 to 29 at the Millenáris, is one of the most prominent literary and book fairs in Central Europe, with the […]
Launched three years ago, the English language Hugo app helps collect Hungarian-related sites in the United States, building a network of ‘Hungarian traces’ from the American Revolutionary War to the present day – historical, cultural or even gastronomic. As Anna Smith Lacey, the Executive Director of the Washington DC-based Hungary Foundation, the app’s developer, explains […]
It was 25 years ago that the UN General Assembly adopted the Declaration and Program of Action on a Culture of Peace. To mark the anniversary, the President of the Hungarian UN Society, Katalin Bogyay, invited women ambassadors accredited to Hungary to engage in dialogue for peace through art, poetry and music in the presence […]
The Business Council for Sustainable Development in Hungary (BCSDH) has presented the multiple festival-winning documentary Beyond Zero for the first time in Hungary at an exclusive corporate event hosted and hosted by E.ON Hungária Group in cooperation with Sustainova. In addition to the top executives of BCSDH member companies, members of the Net Zero Advisory […]
In 2024, Paris hosted the most important competition series of the year, the 33rd Summer Olympic Games. In connection with the fact that the greatest gathering of athletes from all around the world takes place in France, the Hungarian Campus of the French ESSCA School of Management International hosted, in cooperation with the French Institute […]
Audi Hungaria has officially started series production of the CUPRA Terramar, designed in Barcelona, Spain and built in Győr, NW Hungary. In 2022, the Győr-based company announced the addition of another Group brand product to its vehicle production portfolio. In the future, 3,500 employees will work on the CUPRA Terramar in Győr alongside the Audi […]
A spectacular art action in Budapest by the artists of the youngart online gallery in collaboration with Absolut has resulted in the painting of a bench in Hajós Street, near the city’s Opera House. The initiative was inspired by Andy Warhol's Blue Painting, a rediscovered work from a few years ago depicting the Absolut bottle, […]
The World Press Photo exhibition opened on Thursday evening in Budapest's Biodome, showcasing the images of 31 photographers from 24 countries. Every year, the World Press Photo exhibition is a major cultural event in Budapest, attracting thousands of visitors, Ambassador of the Kingdom of the Netherlands to Hungary, Désirée Bonis, said at the opening of […]
The European Commission is set to withhold EUR 200 million from Hungary's EU funds, as Budapest continues to defy a fine imposed by the European Court of Justice (ECJ). The fine, related to Hungary's violations of asylum rules, may be deducted directly after Prime Minister Viktor Orbán's government refused to comply. The European Court of […]
