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 […]
Hungarian-born biochemist Katalin Karikó overcame numerous professional setbacks before shooting to stardom as one of the inventors of the mRNA technology used in two COVID-19 vaccines. The scientist talked to Diplomacy&Trade back in 2021 about her love for science, the outcome of the pandemic and the curing power of her invention. The name Katalin Karikó […]
The Nobel Prize in Physiology or Medicine in 2023 will be awarded to Hungarian-American biochemist Katalin Karikó and American physician-scientist Drew Weissman for their discoveries concerning nucleoside base modifications that enabled the development of effective mRNA vaccines against COVID-19, accoring to the announcement of the Nobel Assembly at the Swedish Karolinska Institute. The discoveries by […]
The domestic SME sector is planning slightly higher revenue and profit growth compared to the beginning of the year: on average, they expect an 8.6% revenue and 4.4% profit growth in the next year, according to the K&H SME Confidence Index 2023 second quarter survey, the results of which were released to MTI on Monday. […]
The volume of export increased by 3.2% in July 2023, while that of import decreased by 5.4% compared to the same period of the previous year. The surplus was EUR 559 million, the balance improved by EUR 1.9 billion year-on-year, the Central Statistical Office reports. Compared to June, the seasonally and working-day adjusted volume of […]
By acquiring the shares of its partners, the facility management company B+N Referencia Plc. has increased its stake in in Airport Service Budapest Plc. to 100%. The company increased its stake from 33.4% by purchasing the share of Civil Security Service Plc. and that of Valton-Sec Plc. – 33.4% and 33.2% respectively in the transaction, […]
The stock index of the Budapest Stock Exchange (BSE) rose this week amid falling turnover, closing at 55,838.55 points on Friday, 0.84% higher than a week earlier. The weekly turnover of the stock market was HUF 57.78 billion, up from HUF 89.73 billion the previous week, with the leading stocks, with the exception of Richter, […]
The northeastern region Tokaj-Hegyalja has been named the most sustainable destination in Hungary, according to a survey conducted by Innotime Hungary, with Hévíz coming second, Esztergom and the Danube Bend in third, Lake Balaton in fourth and Eger in fifth. According to the analysis sent to MTI by the company, which also provides tourism and […]
Kempinski Hotel Corvinus Budapest was voted ‘Hungary’s Leading Luxury Hotel’ for the second time by the World Travel Awards. This latest distinction is a continuation of previous prestigious World Travel Awards, including Hungary’s Leading Business Hotel and Hungary’s Leading Hotel, in the past years. In addition, the hotel’s Corvinus Presidential Suite won the category of […]
The food industry company Pick Szeged Plc. closed the first six months of 2023 with a profit after tax of HUF 4.932 billion, compared to HUF 4.846 billion in the same period of the previous year, the company said in its half-year report published on the website of the Budapest Stock Exchange (BSE). In the […]
A distinguished place on the Financial Times' list as being among the best management courses worldwide; the "Triple Crown" designation, the highest qualification of the profession; strong, humane values - all these characterize the institution of the ESSCA School of Management, which established its campus in Budapest thirty years ago. On the occasion of the […]
Nestlé Hungária Ltd. closed the first half of this year with a loss of HUF 1.86 billion on rising turnover, following a profit after tax of HUF 1.48 billion in the same period last year, the company announced on the website of the Budapest Stock Exchange (BSE) on Friday. According to the report, the loss […]
Magyar Suzuki has reached another milestone: the 500,000th S-CROSS model has rolled off the production line in Esztergom, the company told MTI on Friday. The model, which was completed on September 28, is a hybrid with automatic transmission. It was recalled that ten years ago, the Japanese automotive company presented and started production of the […]
The rift between the Hungarian government and the central bank seems to be depening as both sides accuse the other of failing to combat soarting inflation. In the latest development, a top ranking politician said Hungary's central bank has struggled to control price rises, prompting the government to step in with its own measures. Hungary […]
German-owned Meleghy Automotive implements a EUR 22.9 million investment in Miskolc with the aim of establishing production capacities in Hungary. Some 12% of the costs are borne by Hungarian taxpayers through a government decision. The project of the premium automotive supplier is said to create 55 new jobs. Meleghy & Cie Automotive GmbH can pride […]
