Weerts Logistics Parks (WLP) and RaktárAD, a warehouse company group with a Belgian-Hungarian ownership, are undertaking their 25th project within Europe in Vecsés, just south of Budapest. On the site spanning several acres, four buildings will be erected, each with a size of 50,000 square meters, totaling nearly 200,000 square meters. The investment is expected […]
In April, business expectations fell back to their level at the beginning of 2023, and the consumer confidence index also declined slightly. According to a survey conducted by GKI Economic Research Co. with the support of the EU, expectations in the business sector deteriorated, especially in industry and services. However, intentions to raise prices in […]
Only the soil surface is dry in some areas of the south-eastern part of Hungary, thus, there is no threat drought in for the time being the country, according to a summary published on the website of the FruitVeb Hungarian Fruit and Vegetable Interbranch Organization and Product Council on Monday. The water supply of the […]
The Annual General Meeting of Rába Járműipari Holding Plc. on Friday approved the report of the company's Board of Directors on the company's operations last year. According to the consolidated accounts, Rába's sales revenue amounted to HUF 64.3 billion, 38.6 % higher than in 2021, the Győr-based vehicle manufacturer said on Friday, MTI reported. Earnings […]
Flanked by Ana Lily Amirpour, Charlotte Le Bon, Karidja Touré and Shlomi Elkabetz, Hungarian director and screenwriter Ildikó Enyedi will be the head of the jury to award the Short Film Palme d’or and the 3 La Cinef prizes for student films in the Official Selection at the 76th Cannes Film Festival in May this […]
Britain's Thomas Percy won the men's half marathon event at the 38th Telekom Vivicittá running festival, which was attended by almost 20,000 people in the Hungarian capital on Saturday and Sunday. According to the Budapest Sports Office, the British athlete completed the 21-kilometer course in 1 hour 11 minutes and 28 seconds. The women's race […]
The ground-breaking ceremony of EcoPro BM’s cathode material plant in Debrecen indicates that the EUR 728 million project of the South Korean company is going to plan, according to the Hungarian Investment Promotion Agency (HIPA). The investment will allow the manufacturing of 108,000 tons cathode material for lithium-ion batteries on a yearly basis, and 631 […]
The stock index of the Budapest Stock Exchange (BSE), the BUX, closed the week up 1.88% or 815.64 points at 44,100.87 points, MTI reported Sunday morning along with a brief analysis of the week’s trading. Total turnover fell from HUF 28.879 billion the previous week to HUF 21.09 billion, with the leading shares gaining on […]
This Saturday, I Bike Budapest held a bicycle march in Budapest to stand up for the newly renovated, congestion-free, passable Chain Bridge. According to the organizers and police, around 15,000 cyclists took part in the event, which was held in sunny weather of 20 degrees Celsius. The parade started from Heroes' Square, where the Ambassador […]
The inauguration of Ineton Ltd.’s new automated plant in Alsónémedi, just south of Budapest, marks an important chapter of the domestic reinforced concrete manufacturing market. The HUF 16 billion investment allows to produce special-purpose precast concrete which enhances construction efficiency to a large extent. As a result of the extension headcount surges to 140, the […]
To commemorate the 50th anniversary of the establishment of the first national park in Hungary, the National Bank of Hungary (MNB) issues a silver collector coin of HUF 15,000 and its non-ferrous metal version with a face value of HUF 3,000 on the occasion of Earth Day. The special rectangular commemorative coins are part of […]
Two new pig farms by Danish-owned FirstFarms Hungary Ltd. were inaugurated on Friday in Telekgerendás and Pusztaföldvár, both in Békés county, SE Hungary. Over 30% of the HUF eight billion investment cost was covered by Hungarian taxpayers through a government decision on state aid. The investment will create 20-30 new jobs in the region. The […]
Hungarian-owned Wellis Hungary Plc., a manufacturer of hydromassage tubs, outdoor pools and sanitary ware, reported a 32% increase in sales last year to more than HUF 50.8 billion compared to HUF 38.4 billion in 2021, while its profit after tax decreased to about HUF 1 billion from HUF 3.8 billion in the previous year, the […]
Hungary’s government announced a ban on the import of grain, oilseeds, and several other products from Ukraine and later expanded the list of banned items, citing market pressures on Hungarian farmers. Budapest called for "progressive" aid from the EU to help move Ukrainian grain through central European countries where farmers are competing with cheaper imports. […]
China Construction Bank (CCB), the world's second largest credit institution by assets, has opened a branch in Hungary, it was announced at the opening ceremony in Budapest. Minister of Economic Development Márton Nagy said he hoped CCB's presence would open up space for further development. He believes that China will be a major player in […]
