Hotel Indigo and Holiday Inn Express have signed an agreement with the real estate development firm WING at EXPO Real 2023 for the arrival of two hotel brands in Budapest. In the city’s sixth district, Hotel Indigo Budapest Andrássy will open in the second quarter of 2028, with 103 guest rooms, a bar and a […]
Accor is to open an ibis Styles hotel in Debrecen, E Hungary in 2025, thanks to an agreement with the Xanga Group, one of the largest investment and development groups in Eastern Hungary. It will be the first hotel in the immediate vicinity of Debrecen International Airport, the hotel operator told MTI on Thursday. According […]
SAIC Motor and the AutoWallis Group have signed an agreement under which the Hungarian company will become the MG brand's parts distributor in 13 countries of the region, the Hungarian company told MTI on Thursday. With the agreement, AutoWallis will further strengthen its international presence and enter Greece. In the countries concerned (Hungary, Albania, Czech […]
Liv Hospital Group, Turkey's leading private hospital chain, will take over the operation of Duna Medical Center, which plays a prominent role in private care, the Turkish-backed company’s announcement is quoted by the financial website portfolio.hu. The facility will continue to operate under the name Liv Hospital Duna Medical Center (Liv Hospital DMC) as the […]
Swiss-owned Omya HungariaLtd. celebrated the inauguration of its brand new agricultural granulation plant in Eger thanks to a EUR 41.5 million investment (of which HUF 260 million is state subsidy). The most advanced plant in the company’s network is set to supply farmers in Hungary and surrounding countries. Omya's predecessor was founded in Switzerland in […]
Melecs GmbH celebrated its latest development at its site in Győr, NW Hungary by inaugurating a new production hall. The investment worth EUR 12 million includes not only the extension of the production area and capacities but also the making of new products and production-related infrastructure development. As a result, 120 new jobs are expected […]
Condé Nast Traveler, one of the world's most respected travel magazines, today announced the winners of this year's Readers' Choice Awards, which include the world's best hotels, cruises, countries, cities, resorts, trains, airlines, airports, spas, islands, luggage brands, villas and tour operators. This year, Aria Hotel Budapest was again ranked in the top 5 among […]
Swiss Krono, a leading supplier of wood-based materials has announced to build a plywood plant in Vásárosnamény, NE Hungary, for EUR 23.7 million with the aim to produce a new item of the Group’s product portfolio. The project is expected to create 90 jobs, according to the Hungarian Investment Promotion Agency. The Swiss Krono Group, […]
Hungarian-born experimental physicist Ferenc Krausz, who has been the Director of the Max Planck Institute of Optics in Germany, shares the 2023 Nobel Prize in Physics with French scientists Pierre Agostini and Anne L’Huillier for “experimental methods that generate attosecond pulses of light for the study of electron dynamics in matter”, according to the award-giving […]
Domestic and regional facility management (FM) market leader B+N Referencia Ltd. is continuing to strengthen its international presence outside Central and Eastern Europe, with 40% of the group's revenues coming from foreign operations already this year. With the acquisition of Italy-based Sagad, the Hungarian-owned company has gained new industry knowledge, significant Western European experience and […]
Harvest Days in the Tokaj-Hegyalja wine region in NE Hungary kick off this Friday, with a harvest parade, concerts and wine tasting in the 950-year-old town that gives its name to Tokaj aszú. According to the event's website, the municipality has been holding the event since 1932, which aims to, among other things, foster Tokaj's […]
According to preliminary data, the deficit of the general government sector in the 1st half of 2023 was HUF 2,296 billion, 6.3% of GDP. The deficit of the 2nd quarter was HUF 570 billion, 3.1% of GDP, the Central Statistical Office (KSH) reports. In the 1st half of 2023:The general government sector’s revenues were HUF […]
After the outstanding close of the previous month, the BUX index held its form in September: the BSE's primary share index ended the month at 55,838.5 points, just over 55,000 points above the 55,000 mark, which represents an increase of just 0.1% compared to August, the financial portal portfolio.hu reports. The turnover of the spot […]
German-owned Thyssenkrupp’s story in Hungary has reached another key milestone: the topping out ceremony of its capacity expansion marks the latest stage of the company’s journey on Hungarian soil. The EUR 58 million investment that enables Thyssenkrupp to produce rotating shafts for electronic vehicles (EV) will create 110 new jobs, the Hungarian Investment Promotion Agency […]
This year 16 Hungarian companies received the Best Managed rating in the Deloitte Private global business mentoring program, the international consulting firm told MTI on Monday. The Best Managed Companies program is Deloitte Private's global business mentoring program, which was created to support and recognize local, privately held companies. In Hungary, the Deloitte Private Business […]
