Upon the invitation of the Budapest Chamber of Commerce and Industry to the Hungarian capital, a business delegation of high-ranking members of New Jersey State’s politics and business from the United States paid a visit to the headquarters of the Hungarian Investment Promotion Agency (HIPA) followed by an insightful business forum. According to a statement […]
In 2022, with a rental revenue of EUR 15.54 million, the Budapest office complex Graphisoft Park achieved a pro forma net result of EUR 6.02 million, which is more than EUR 400,000 higher than the forecast published last November and 24% higher than our previous year's result. The significantly better result than the forecast is […]
Pope Francis is scheduled to visit Hungary on a three day trip to demonstrate his commitment to building up a more fraternal society in a Europe wounded by war. Immigration and minority rights will also be on his agenda, issues on which the pontiff and Prime Minister Viktor Orbán have divergent views. The official visit […]
Lidl Hungary sold Hungarian wine worth HUF 14.2 billion at home and abroad, with sales up by almost 60% in five years, the supermarket chain told MTI. Export sales have reached 15 million bottles, with Furmint, Királyleányka and Szürkebarát being the most popular Hungarian wines abroad. The offer is wide-ranging, with products from family wineries […]
Sales revenue at Mapei Ltd. in the first quarter of this year was HUF 7.2 billion, down 6.6% year-on-year, the company, which manufactures and distributes building materials, told MTI on Thursday. However, the company's export revenues rose by 28% to 169 million forints. The company aims to remain competitive in a changing market environment. To […]
The Lillafüred forest railway line in north-eastern Hungary has been renovated at a cost of more than HUF 4.3 billion. The entire railway track, service facilities and trains have been completely restored. The renewal of the forest railways plays an important role in the development of active tourism, with the twelve lines operated by the […]
On the proposal of Defense Minister Kristóf Szalay-Bobrovniczky, the President of the Republic Katalin Novák relieved – with immediate effect this Thursday – Lieutenant General Romulusz Ruszin-Szendi, Commander of the Hungarian Defense Forces, from his post, the Ministry of Defense told MTI. It was also informed that the Minister of Defense proposes Lieutenant General Gábor […]
Twenty-three musicians from five continents will perform at the second edition of Jazzfest Budapest, part of the Budapest Spring Festival (BTF) until May 17. This year's series of events are hosted in ten venues. The program has been put together by a team of curators, including internationally renowned Hungarian jazz musicians Tamara Mózes and Kornél […]
Hungary’s largest commercial financial institution, OTP Bank has awarded its corporate clients in three categories – innovation, social responsibility and international expansion – for their outstanding performance, the bank said in a statement sent to MTI on Wednesday. The Chairman and CEO of OTP Bank, Sándor Csányi said that the OTP Business Excellence Award aims […]
The consolidated net sales of NAP Plc. for 2022 exceeded HUF 2.4 billion, which is almost four times the comparable figure for 2021, according to the company’s annual report published on the website of the Budapest Stock Exchange. In 2022, the company acquired 21 small power plants operating under the METÁR-KÁT support scheme. NAP […]
Spar Hungary has upgraded its Perbál meat plant with an investment of more than HUF one billion, which together with the Bicske meat plant can claim one of the most modern food production sites in Central Europe, the supermarket chain informed MTI on Wednesday. In 2021 and 2022, as part of the HUF 1.1 billion […]
The MOL Group is recruiting 74 Growwwer in seven countries to work on solutions to promote mobility, energy supply and sustainability in the region. MOL Group is once again launching Growww, one of the most exciting regional graduate programs in the region. The highly prestigious one-year program offers a wide range of opportunities for talented […]
A Hungarian company has won the European Bank for Reconstruction and Development's (EBRD) entrepreneurship competition: Smapp Lab took the top prize with two foreign companies in the food technology start-up competition, the EBRD told MTI on Tuesday. The Hungarian company's insect monitoring platform helps optimize pesticide use, Tunisia's Kumulus machines produce fresh water in a […]
The passenger center of Budapest's Keleti Railway Station has been renovated with HUF 1.9 billion, the project was financed by the government and the European Union, it was announced this Tuesday. The renovation of the 1,542-square-meter passenger center was aimed at bringing the capital's station up to modern standards for both passengers and staff. In […]
The Aldi retail chain donated HUF 1.8 billion of food to the needy last year with the help of the Hungarian Food Bank Association. According to a statement sent to MTI this Tuesday, Aldi Hungary has been cooperating with the Hungarian Food Bank Association since 2016, thanks to which food that is no longer commercially […]
