Consumer prices increased by 12.2% on average compared to same month of the previous year, prices of motor fuels rose significantly, food prices decreased compared to August, the Hungarian Central Statistical Office (KSH) reported this Tuesday. Consumer prices were 12.2% higher on average in September 2023 than a year earlier. In one month, consumer prices […]
Sixty Hungarian companies are represented at ANUGA, one of the world's largest food industry exhibitions, in Cologne, Germany until October 11, 2023, the Agricultural Marketing Center (AMC) told MTI. According to the information, 27 Hungarian exhibitors resent themselves at the 250 square meter stand of the AMC, while 33 Hungarian companies are present independently. The […]
In 2023, the Atlas World Community continues to shine a spotlight on those who exemplify the ESC values, ensuring that the legacy of ethical, sustainable, and creative entrepreneurship thrives and evolves, leaving an enduring imprint on Hungary and beyond. The ITL Group and its founder, Alessandro Farina are organizing the third edition of the Atlas […]
The surplus of the external trade in goods amounted to EUR 708 million, while the level of the external trade turnover increased by 0.5% on the export side, and decreased by 0.9% on the import one, month-on-month, the Central Statistical Office reports. The value of export declined by 1.5%, and that of import was 19% […]
Several sights and buildings in Budapest, including the Chain Bridge and the Mol Campus were illuminated pink this Sunday to call attention to the international campaign to popularize screenings to prevent breast cancer in the framework of Breast Cancer Awareness Month, held each year in October. Pink October is Breast Cancer Awareness Month worldwide. For […]
László Sólyom, former President of the Republic, first President of the Constitutional Court, academic and university professor, has died at the age of 81, the Secretariat of the former President of the Republic told MTI on Sunday. László Sólyom passed away after a long illness "with great strength, activity and serenity," the statement said. Between […]
The 16th Korean Film Festival will be held in Budapest from October 13 to 20, with twenty-four fresh South Korean films and audience meetings, including the Oscar-nominated 'Past Lives', which will be released in Hungarian cinemas next year, the organizers told MTI on Friday. As they underline in their statement, this year's festival will also […]
The Budapest Stock Exchange's (BSE) share index fell on a downward trend this week, closing at 55,087.04 points on Friday, 1.35% lower than a week earlier. The weekly turnover of the stock market was HUF 33.58 billion, down from HUF 57.78 billion the previous week, with the leading stocks, with the exception of Magyar Telekom, […]
Online retailing achieved a gross turnover of HUF 631 billion in the first half of this year, 8.8% more than in the same period last year, according to the digital retailing survey by market research company GKID and Mastercard. The summary, says web sales grew 7.7% in the first quarter and 9.8% in the second […]
Waberer's International is to acquire a 55% stake in Serbian distributor MD International and an option to buy the remaining 45%, the company announced on the Budapest Stock Exchange (BSE) website on Friday. The purchase price of the transaction was not disclosed. According to the statement, MDI is a major player in the Serbian FMCG […]
In a strategic move to secure Hungary's support for increased financial assistance to Ukraine and the initiation of membership talks for Kyiv, the European Union is contemplating the release of frozen funds worth billions of euros, sources within the EU have revealed. The European Commission is currently preparing to unfreeze substantial EU funds allocated to […]
Goodwill Pharma Plc. is investing more than HUF 3.5 billion in capacity expansion in Szeged with EU support. The company, which manufactures and distributes dietary supplements and pharmaceuticals, has received HUF 1.766 billion in conditional reimbursable funding from the Hungarian Multi Program (MMP) of the Economic Development and Innovation Operational Program plus (Ginop plus). The […]
One of the world's largest biotechnology companies and Hungary's first university have concluded a cooperation agreement in Pécs, S Hungary. The contract was signed by Roche Hungary Ltd. CEO Raffaella Claudia Bondi, the Commercial Director of Roche's Diagnostics Division, Adrienn Kiss and the Rector of the University, Professor Attila Miseta. Roche Magyarország Ltd. is a […]
Nestlé Hungária Ltd.’s capacity extension investment worth HUF 90 billion was celebrated in Bük this Thursday, marking the latest development of the Swiss company’s Hungarian operation. The project is expected to create 280 new jobs. Nestlé’s presence in Hungary comprises of its Budapest HQ and three plants in Szerencs, Diósgyőr and Bük. The latter site, […]
The retail store chain Penny opened its 230th Hungarian store in Budapest, in the X. district, the company informed MTI on Thursday. The store, with almost 400 square meters of retail space, will employ 15 new workers. The store is located at one of the busiest junctions in the district. In a statement, the chain […]
