The Hungarian oil and gas company Mol, the airliner Wizz Air and Liszt Ferenc International Airport are testing a Sustainable Aviation Fuel (SAF) blend. The fuel was purchased by Mol from the Finnish company Neste. Wizz Air's flight to Paris took off on Wednesday filled with this fuel as part of the test. At the […]
Hungary’s OTP Group posted a better-than-expected consolidated profit after tax of HUF 194.7 billion in the first quarter, compared to a profit of HUF 115.1 billion in the previous quarter and a loss of HUF 33.4 billion a year earlier. OTP Bank Plc. announced on the Budapest Stock Exchange (BSE) website on Wednesday that the […]
As part of the Akvamarin project, Hungarian Natural Gas Storage Plc. has installed a 2.5 megawatt electrolysis system and associated hydrogen gas production technology at the Kardoskút underground gas storage facility in SE Hungary. The cost of the R&D project was HUF 5.6 billion, of which HUF 2.5 billion was provided by the state. The […]
Consumer prices in Hungary in April were on average 24.0% higher than a year earlier. Over the past year, household energy and food prices rose the most, MTI reported on Wednesday based on data from the country’s Central Statistical Office (KSH). Compared to April last year, food prices rose by 37.9%, with dairy products (63.5%), […]
One of the most important objectives of the Hungarian Interchurch Aid's domestic social assistance work is to create long-term opportunities. The organization wants to implement its opportunity-creation programs in as many of its institutions as possible, and mobility is a fundamental prerequisite for this. This is where Mercarius Fleet Management Ltd. and Porsche Hungaria Ltd. […]
Chinese battery cell manufacturer EVE Power will build a new production plant in Debrecen by investing more than EUR one billion of which a small portion, some EUR 35 million, will be paid for by Hungarian taxpayers through a government decision. The first such European facility of the company will supply BMW Group’s neighbouring iFactory […]
In the first quarter of the year, Erste Bank posted a profit after tax of HUF 6.3 billion, compared to a loss of HUF 1 billion a year earlier. The extra profit tax, the interest rate freeze and the extra payment due to the Sberbank bankruptcy amounted to HUF 38 billion, which together resulted in […]
According to the National Public Health Center (NNK), the number of people infected has been increasing week by week since January. In the first week of January, 33 new cases of scarlet fever were registered, 140 in February and almost 200 in March. In the first half of April, the number of infected people halved, […]
The transport company Waberer's International's revenue rose by 11% to EUR 176.4 million and earnings before interest and taxes (EBIT) by 146% to EUR 11.2 million in the first three months of the year compared to the same period last year, according to a financial report and a press release published on the Budapest Stock […]
The public session of the General Assembly began with a welcome speech by Tamás Freund, President of the Hungarian Academy of Sciences (MTA). "Only a meaningful academic role and cooperation between the Academy and the government can bring about a stable, predictable and efficient national RDI system that goes beyond governmental cycles, and the utilization […]
Innoscitech Ltd.’s new autoclaved aerated concrete plant has been inaugurated in Biharkeresztes, eastern Hungary, as a result of a HUF 14 billion investment, some 40% of which is paid for by Hungarian taxpayers through a government decision. As the Hungarian Investment Promotion Agency reports, the additional substantial production capacities will allow to supply environmentally friendly […]
In the 125,000 or so transactions that took place on the Hungarian real estate market last year, there were 2,524 cases of foreign investors who had to apply for a property purchase because they were not citizens of the European Union, the European Economic Area (EEA) or Switzerland. This is a 7%% drop compared to […]
A free all-day festival was held in Budapest to celebrate Hungary's accession to the European Union. This year's event was packed with exciting and colorful activities. There was a chance to run with famous Olympians in the now traditional Europe Day running race, but music lovers and families were also in for a treat with […]
In April, the TKI tourism business climate index stood at plus two points on a scale between minus 100 and plus 100, indicating that the sector's operators perceive their situation as slightly improving but close to stagnation, the National Association of Tourism and Hospitality Employers (VIMOSZ) said in its latest survey. After three months of […]
The Budapest Stock Exchange (BSE) share index rose in a four-day trading week, with the BUX closing at 46,330.72 points on Friday, up 3.37% to 1,508.51 points from a week earlier. The weekly turnover of the stock market for the four trading days was HUF 46.02 billion, up from HUF 37.98 billion the previous week, […]
