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HUF 100 Bn Investment Starts at Dreher Breweries

D&T
Oct 26, 2023

Two owners of Dreher Breweries, Asahi Group Holdings and Asahi Europe & International, are launching a HUF 100 billion investment in the company, which will serve the company's ambitious heritage and sustainability goals in the next decade, in addition to increasing capacity and efficiency, the company told MTI on Thursday. According to the statement, the […]

Michelin Donates Medical Equipment to Hospital

D&T
Oct 26, 2023

Michelin Hungary is supporting Nyíregyháza Hospital in NE Hungary with two pieces of MICHELIN Airprone medical equipment to help care for patients in the intensive care unit. The MICHELIN Airprone, given the local county hospital Szabolcs-Szatmár-Bereg Vármegyei Oktatókórház, is a set of 7 air cushions designed for patients suffering from Acute Respiratory Distress Syndrome (ARDS) […]

Hungaropharma Expands Warehouse Capacity

D&T
Oct 26, 2023

With an investment of HUF 6.2 billion, the most modern pharmaceutical wholesale warehouse in Central and Eastern Europe has been built on 3,000 square meters as the automated high-bay warehouse of Hungaropharma Plc. has been inaugurated The third stage of Hungaropharma's Budapest Logistics Center is not only suitable for the logistics of its own stocks […]

Medicover About to Make a Big Splash

D&T
Oct 26, 2023

In a decision issued earlier this month, the Hungarian National Bank gave permission Medicover Egészségközpont Zrt. to set up its own non-life insurance company under the name Medicare Biztosító Zrt., the portfolio.hu financial portal reports. The largest private clinic in the Hungarian private healthcare market - whose insurance footprint has been the envy of competitors […]

Volánbusz Plans to Acquire 20 New Electric Buses

D&T
Oct 25, 2023

The national bus service provider Volánbusz expects to purchase 20 new electric buses next year as a continuation of the Green Bus program in six smaller towns, the company told MTI on Wednesday. It was recalled that HUMDA Hungarian Mobility Development Agency Plc. is continuing its Green Bus program aimed at renewing public transport and […]

Young Social Entrepreneurs for Sustainable Development

D&T
Oct 25, 2023

Achieving sustainable development requires global, whole-society collaboration, with a major role for innovative young people who are working together to find solutions to the most pressing problems of our time, according to a recent SAP press release. The Social Impact Award program, of which SAP is a global strategic partner, brings together these so-called "social […]

National Bank Cuts Base Rate by 75 Basis Points

D&T
Oct 24, 2023

The Monetary Council of the National Bank of Hungary (MNB) cut the base rate by 75 basis points to 12.25% at its interest rate decision meeting on Tuesday, and lowered the two sides of the interest rate corridor by the same amount. The Hungarian currency, the forint, immediately started to weaken. The MNB last raised […]

Rail Cargo Hungaria Transports Hungarian Grain to Africa

D&T
Oct 24, 2023

Rail Cargo Hungaria (RCH) has launched export shipments of Hungarian grain to Africa, with 14,000 tons of grain transported by rail to the port of Rijeka since the end of the harvest in August, mainly destined for Egypt and Tunisia, RCH told MTI on Tuesday. According to the information, in cooperation with the Croatian state […]

Iconic McDonald's Reopens in the Hungarian Capital

D&T
Oct 22, 2023

Hungary's first McDonald's has reopened in Régiposta street in downtown Budapest, renewed in almost all its elements, the financial portal portfolio.hu reported, citing a company statement. The renovation of the iconic McDonald's restaurant has used a number of unique solutions for the restaurant chain, including elements made of real, natural building materials. The interior walls […]

BUX Index Up on Rising Turnover This Week

D&T
Oct 22, 2023

The stock index of the Budapest Stock Exchange (BSE) rose on the week, closing at 56,338.50 points on Friday, up 0.73% to 408.81 points from a week earlier, MTI reported this Sunday morning, along a brief analysis of the week’s trading. The stock market's weekly turnover was HUF 47.32 billion, up from HUF 39.33 billion […]

Hungarians Use Less Electricity and Gas Than Last Year

D&T
Oct 21, 2023

Domestic gas consumption fell by 15.7% in the first three quarters of 2023 compared to the same period last year. From January to September, 1.07 billion cubic metres less natural gas was consumed, with the economy and households accounting for roughly two-thirds to one-third of the savings. The reduction in electricity was 7% in the […]

Hungarian Program Wins Global Sustainability Grand Prize

D&T
Oct 21, 2023

For the first time, a Hungarian program has won the Global Sustainability Grand Prize at the Golden World Awards, becoming the best education campaign in the world in 2023 to support the UN Sustainable Development Goals, the Pressinform communications agency that launched the program told MTI in a statement. They pointed out that the ‘Bee […]

Budapest's Newest Hotel Opens

D&T
Oct 20, 2023

The new business hotel of the Radisson hotel group has opened its doors in the vicinity of the Kopaszi Dam, on in the Budapart area. With nearly 200 rooms, the hotel features a conference venue, sky bar and an Asian fusion restaurant. The more than 11,000-square-meter complex offers 198 rooms, including 174 standard rooms and […]

Putin and Orbán Reaffirm Bilateral Ties Amid Ukraine Tensions

D&T
Oct 20, 2023

Russian President Vladimir Putin and Hungarian Prime Minister Viktor Orbán have underlined their commitment to bilateral relations amidst escalating international tensions stemming from the ongoing conflict in Ukraine. This reaffirmation of ties occurred during their recent encounter at an international forum held in China. Viktor Orbán became the first European Union leader to publicly shake […]

Anniversary Exhibition in Celebration of BÁV’s 250th Birthday

D&T
Oct 19, 2023

BÁV Plc. (a major player in Hungarian pawnbroking and art trade) celebrates its 250th birthday with an anniversary exhibition entitled ‘250 Years of BÁV’ at the BÁV Art Auction House and Gallery in Budapest. The unusual exhibition is on display until November 12. The exhibition features 250 exceptional works of art, paintings, jewelry and furniture, […]

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