Chinese electric car maker BYD is to invest HUF 10 billion to set up a battery assembly plant in Hungary, according to a statement by the Hungarian Ministry of Foreign Affairs and Trade. The company will further increase its presence in this country by building a plant in Fót, just NE of Budapest, to assemble […]
The Bosch Rexroth Innovation Experience Center (Bosch CU.BE - Customer Benefits) was opened this Wednesday in Budapest, MTI reports. Thomas Ilkow, Head of Bosch Rexroth's Eastern Europe and Middle East Sales Region, stressed the importance of innovation at the opening ceremony and pointed out that the Innovation Experience Center in Budapest helps to foster creativity, […]
A quarter of Hungarians have no money left at the end of the month, and a quarter of the population are unable to save throughout the year. The financial situation of the Hungarian population has deteriorated slightly over the past year, according to a representative survey of 500 people by age, gender and region conducted […]
A significant proportion of company managers see sustainable operations as a value, not just a cost, K&H told MTI on Tuesday. According to their survey, environmental impact remains an important aspect in companies' assessments, despite the fact that it has been somewhat overshadowed by economic difficulties. The largest companies are particularly active, with 54% of […]
The National Bank of Hungary (MNB) is announcing the Green Financial Science Talent Award, the International Green Financial Science Lifetime Achievement Award and the Green Financial Science Research Initiative for the third time, the central bank told MTI on Tuesday. The call was launched to promote environmental sustainability and recognize outstanding green finance research achievements. […]
According to a survey conducted by GKI Economic Research Co. with the support of the EU, business expectations deteriorated markedly in June, falling back to their October/November 2022 level, their latest low. At the same time, consumer expectations improved. In June, employment expectations in the business sector deteriorated sharply; however, the fear of unemployment of […]
Budapest's iconic hotel will be celebrating its 2nd anniversary on June 28th. Since its opening, the luxury hotel has established itself as the capital's most elegant social hub, garnering numerous domestic and international awards, the hotel says in a statement. Two years ago, Matild Palace welcomed its first guests after an extensive and meticulous renovation […]
The Business Council for Sustainable Development in Hungary (BCSDH) has once again announced its call for applications for the ‘For a Sustainable Future’ Award with the aim of continuing to recognize the most outstanding corporate and leadership achievements in sustainability. The business and the surrounding world are changing rapidly, constantly challenging companies. This should encourage […]
The stock index of the Budapest Stock Exchange (BSE) rose this week amid falling turnover, with the BUX 50 closing at 407.86 points on Friday, 0.65% higher than a week earlier, MTI reported on Sunday morning, along with a brief analysis of the week. The weekly turnover of the stock market was HUF 32.21 billion, […]
The 21st Night of the Museums awaits visitors in Hungary from Saturday afternoon to Sunday dawn with more than 2,700 programs in some 450 institutions across the country, including exhibitions, guided tours, concerts, interactive games, theatre and dance performances and children's programs. At the national opening of the event, held at the Petőfi Literary Museum […]
From Thursday to Sunday evening, the international festival celebrating the 120th anniversary of Harley-Davidson takes place at the Puskás Arena Park in the Hungarian capital with all kinds of activities from morning till night. The largest motorcycle parade in Budapest's history took place late morning and early afternoon this Saturday with 6,000 riders marching through […]
For the eighteenth time, the ‘Mastercard – Bank of the Year’ competition is looking for the most outstanding financial service providers. This year, the performance of financial institutions will be measured in seven categories and a grand prize winner will be selected, the global payment technology company told MTI. They stressed that in addition to […]
The Hungarian law forcing migrants to seek asylum abroad is illegal, the EU’s top court ruled. Budapest violated EU asylum laws by forcing people to first go to Hungarian embassies in Serbia and Ukraine before initiating a claim for international protection, the European Court of Justice said. The European Court of Justice (ECJ) ruled this […]
The CECZ Group is building a smart warehouse in Vác with an investment of HUF 25 billion. The project was celebrated with a topping out ceremony this Thursday in the town north of Budapest. Finance Minister Mihály Varga Mihály, who attended the ceremony, suggested that the investment could be an important part of China's Belt […]
Dreher Breweries has increased its aluminum can production capacity by 120% with an investment of HUF 7 billion, Gábor Békefi, CEO of the company, told MTI. He added that the production capacity of the Kőbánya plant has increased from 50,000 cans per hour to 110,000, making Dreher a potential exporter within the Asahi Group, in […]
