Concerts by the Italian trio Il Volo or the musical theater performance ‘PIAF! The Show’ are just two of the events coming up in the Hungarian capital later this year and next year organized and promoted by the Budapest based agency Koncertpromo.hu. Its founder and managing director Roland Horváth spoke to Diplomacy&Trade about how his […]
A EUR 138 million investment by Danish toy maker LEGO is set to bring about yet another round of development at the Nyíregyháza site of the company in NE Hungary. Some 8% of the investmens costs are borne by Hungarian taxpayers through a government decision. Given that packaging and storage capacities will be ramped up […]
The Corvinus University of Budapest and ExxonMobil (EM) Hungary Ltd. have signed a strategic agreement, the university told MTI on Thursday. The main goal of the cooperation between the university and the Hungarian subsidiary of the energy company is to strengthen the relationship between education, research and the business sector in the interest of mutual […]
At the end of the first half of 2023, the Bank reported a profit after tax of HUF 47.1 billion, HUF 37.3 billion higher than in the first half of the previous year. The significant increase in pre-tax profit for the first half of the year was due to higher operating revenues and lower operating […]
MVM Green Generation Ltd., a member company of the MVM Group active in renewable energy production, will build a new solar power plant in Kecskemét by the end of the year with a total investment of nearly HUF 10 billion, it was announced in Kecskemét on Wednesday. László Gál, CEO of MVM Green Generation Ltd., […]
A plate made of mycelium and hemp is created in a sustainable way in Budapest by the Moholy-Nagy University of Art and Design (MOME) in cooperation with the Michelin-starred Salt restaurant. The new plate has been created in the course of their joint research on the way to a circular dining culture, which can be […]
Under the Economic Partnership Agreement between the European Union and Japan, 42 more EU and Japanese products have been added to the list of protected geographical indications (PGIs) in both regions, including Hungarian pálinka, the European Commission said on Wednesday. According to the Brussels statement, this is the third time that the list of geographical […]
The Hungarian Money Museum and Visitor Center, established by the Central Bank of Hungary (MNB), opened its gates in the newly renovated Postapalota (‘Postal Palace’) in the spring of 2022. The museum has one of the most unique educational exhibition areas in Europe, exploring the five basic functions of money – storage of value, circulation, […]
Benepack Hungary Ltd. is building a packaging materials factory in the Makó industrial park in south-eastern Hungary. The foundation stone of the EUR 65 million (HUF 25.3 billion) investment was laid on Tuesday. Some of the investment costs are borne by Hungarian taxpayers , the amount of which was not disclosed but was described as […]
With its decision on Tuesday, the Monetary Council of the National Bank of Hungary (MNB) locked the overnight deposit rate and the base rate at 13%, and from Wednesday, the base rate will be the MNB's effective interest rate, with the overnight deposit rate to be phased out from October. This will mark the end […]
Rail Cargo Hungaria (RCH) has started to deliver sugar beet to the Kaposvár factory of Magyar Cukor Plc., the company informed MTI on Tuesday. The raw material for sugar production is transported by RCH by rail, while about half of the harvest reaches the factory by road. The market-leading rail freight company will transport 450,000 […]
The Hungarian National Committee of UNESCO held a commemoration ceremony in Budapest on Tuesday to mark 75 years since Hungary joined the world organization. In his opening speech, Miklós Réthelyi, President of the Hungarian National Committee of UNESCO, asked the speakers to highlight in their remembrances the enduring values that have defined the ideas and […]
Founded in 2007, the Business Council for Sustainable Development in Hungary (BCSDH) announces a major sustainability award every year. This year, the ‘For a Sustainable Future Award’ aims to recognize outstanding corporate and leadership performance in achieving the Sustainable Development Goals (SDGs) and systemic change. The Managing Director of the organization (that is part of […]
After the dynamic growth of previous years, the turnover of energy and soft drinks producer Hell Energy Hungary Ltd. increased only slightly in the first half of this year, while its profit after tax decreased due to a significant loss recorded in the financial result line. According to the consolidated financial statements published on the […]
The largest Zsolnay exhibition in Budapest opened on Monday in the ResoArt Villa, one of the most emblematic Art Nouveau buildings in the capital, next to the City Park. Designed by architect Albert Kálmán Kőrössy for his family in 1899, the villa at the end of the Városliget promenade is one of the finest examples […]
