National Bank of Hungary President György Matolcsy's recent scathing criticism of the government's economic policies has further revealed the growing rift between monetary authorities and the ruling administration. In a candid and sharp-tongued address delivered at a conference this week, Matolcsy accused the government of pursuing a reckless economic strategy that has led to a […]
Almost 94 images from around the world will be on display at the World Press Photo exhibition at the Hungarian National Museum (MNM) from Friday, featuring the best and most important photojournalistic and documentary photographs of the past year, and visiting Hungary as well as 30 other prominent locations. Speaking at the opening ceremony, Désirée […]
A train equipped with a digital automatic central buffer (DAC) has arrived in Hungary as part of a test tour of six European countries, Rail Cargo Hungaria Plc. told MTI on Thursday. According to the company's statement, the new technology was presented to representatives of the authorities and Hungarian railway companies at a professional event. […]
The team at Spago Budapest, located in Matild Palace, has received a huge honor as – in addition to retaining its Michelin recommendation – this year Imre Rácz, the restaurant's Head Sommelier, has been awarded Sommelier of the Year in the Michelin Guide Hungary 2023, for his unrivalled passionate dedication and outstanding knowledge of exclusive […]
This year's campaign of the Hungarian Scientific Association of Harm Reduction and Environmental Diseases and füstmentes.hu aims to raise awareness of the individual's choices and to help people to develop a lifestyle with less environmental risk through expert trainers, with individual training plans and practical examples, the initiative's promoters announced on Thursday in connection with […]
The Swiss multinational healthcare company Roche, one of the largest pharmaceutical companies in the world by revenue and the leading provider of cancer treatments globally, has diversified activities in Hungary: the pharmaceutical, diagnostics and diabetes divisions and the Roche Service&Solution Center employ over 2,000 people altogether. General Manager Raffaella Claudia Bondi, who has been at […]
LEDVANCE's first showroom in Central and Eastern Europe, a unique, inspiring and smart studio apartment, which introduces customers, interior designers and buyers alike to the world of state-of-the-art SMART+ light sources and lamps, through environmentally conscious, economical and stylish lighting solutions, has officially opened in Hungary. The showroom and its product range, decorated in a […]
The Hungarian companies of Vodafone and Bosch have set up a joint project team for 5G-based automotive testing in Budapest, Vodafone told MTI on Wednesday. The project, which will start in October, will test the 5G network in the field of driver assistance systems and vehicle development, which Vodafone will provide to Bosch. The trial […]
The Netherlands and American science fiction author John Scalzi will be the guests of honor at the 28th Budapest International Book Festival, which will feature 140 exhibitors, 40 foreign authors, 180 programs and more than 200 book signings between September 28 and October 1 at the Millenáris Park in Budapest. The Budapest International Book Festival […]
The Novartis Group has been present in Hungary for more than 25 years. Country President Matt Zeller, the head of its local subsidiary, Novartis Hungary Ltd. elaborates to Diplomacy&Trade on the company’s activities on the Hungarian market with special regard to medical research and development (R&D), an area where the Group is a leading global […]
JYSK's turnover in the 2022/23 financial year ended August increased by 6.3 percent to DKK 38.5 billion (EUR 5.2 billion), a new record for the global home furnishings company, with the number of customers in its more than 3,300 stores in 48 countries increasing by 1.2 million, the company told MTI on Tuesday. The statement […]
Givaudan, the leading manufacturer of flavors and fragrances, recently celebrated the 10th anniversary of its Makó manufacturing site, in southeast Hungary. The event included a special ceremony attended by employees, senior company executives and experts. The celebration marked a significant milestone for the company site, recognizing a decade of innovation and development that has helped […]
TRUMPF Hungary Ltd. has opened a new Southeast European headquarters and digitally networked demonstration facility to boost sales of sheet metal working machines for networked manufacturing and lasers for battery technology and the automotive industry. The group plans to reach a turnover of EUR 100 million in the region by the middle of the decade. […]
The 20-member international jury of the European Museum Academy (EMA) has awarded the Hungarian Museum of Money in Budapest with the main prize. The final, held in Timisoara on Saturday evening, saw 34 museums from 20 countries competing, and for the first time, a Hungarian institution won the prestigious award, EMA informed MTI on Monday. […]
Assets under management in investment funds increased in Hungary by 3.2%, or HUF 382 billion, to HUF 12,296 billion in August, the Association of Investment Fund Managers and Asset Managers of Hungary (BAMOSZ) told MTI on Monday. The statement highlighted that the resulting capital flows in investment funds last month showed a plus of HUF […]
