Korean-owned Samyang Biopharm’s new plant built for EUR 26.2 million has been inaugurated in Gödöllő where synthetic suture materials are manufactured. The company plans to ramp up production gradually, and it will create 55 jobs. South Korean Samyang Group has been present in Hungary since 2010 when Samyang EP Magyarország Kft. started to manufacture plastic […]
‘Robert Capa – the Photojournalist’, the first permanent exhibition dedicated to the work of the world-famous photographer, who was born as Endre Friedmann in Budapest opened this Tuesday at the Robert Capa Center for Contemporary Photography in the Hungarian capital. The Capa Center was established in 2013 in part to showcase the Robert Capa Collection, […]
In 2020, Master Good, Hungary's largest poultry processor, acquired Sága, Hungary's leading poultry meat products company, the owner of brands such as Selyemsonka, Dino and Füstli, which celebrated its 25th anniversary this year. The last three years have been a period of technological investment, and now, Master Good says, it is time to put the […]
OTP Bank Plc. has announced on the website of the Budapest Stock Exchange that based on the share sale and purchase agreement concluded on December 12, 2022 between OTP Bank and the Ministry of Economy and Finance of the Republic of Uzbekistan the first step of the transaction was completed on June 13, 2023. Consequently, […]
Dunapack Packaging's corrugated packaging solutions are made from nearly 90% recycled material and are recycled to the same extent, the company said in a statement on Tuesday. It was pointed out that the recycling rate in the European paper sector is 71.4%, with the corrugated sector standing out as a leader in the implementation of […]
The global market for mergers and acquisitions (M&A) set a new record for the number of deals in 2022, but the total value of deals was 30% lower than in 2021, according to a new study by the accounting firm Deloitte. The number of transactions hit a decade high, with 44,765 deals last year, up […]
The real estate market experienced a long-unprecedented momentum in May, with investment in the capital and moving to larger properties in rural areas motivating buyers, while nationwide, demand was focused on good condition apartments, real estate brokerage firm Duna House said on Monday. According to its estimates based on the company’s own data, 10,187 sales […]
The biggest Hungarian wineries had a varied year in 2022. Among the best performers were Varga Winery, St. Andrea (Attila Gere's interest), but Kreinbacher also soared and Bock Winery cannot complain, according to a summary by Management Forum (Mfor). In 2022, the weather and drought have significantly reduced the overall volume of grapes produced, but […]
Denso Manufacturing Hungary Ltd. installs three new production lines at its Székesfehérvár site and launches a large-scale reskilling program to adapt to electrification. The investment scheduled to be completed by April 2024 is worth EUR 64.4 million (over 14% of which is covered by Hungarian taxpayers through state subsidy) with up to 55 new jobs […]
It was for the first time this May that 31-year-old Hungarian pianist Peter Bence performed in a major concert in Budapest. A real virtuoso, he sometimes plays his piano as drums or guitar. "With his unique technique, he has taken piano playing to a new level, making a great impact on new generations of musicians […]
The value of Hungarian exports was 3.4% higher, while that of import 4.0% lower in EUR terms in April 2023 than in the same period of the previous year, MTI reported quoting official figures by the Central Statistical Office. The balance of the Hungarian economy’s external trade in goods improved by EUR 836 million. Compared […]
The stock index of the Budapest Stock Exchange (BSE) rose last week amid falling turnover, closing at 49,320.70 points on Friday, up 3.03% on the week to 1451.09 points, MTI reported this Sunday morning with a brief analysis of the week’s trading. Weekly turnover on the stock market was HUF 67.9 billion, up from HUF […]
Based on the numbers of inbound tourism so far this year and summer bookings, the number of foreign tourists is already approaching the levels before the epidemic, Tamás Flesch, president of the Association of Hungarian Hotels and Restaurants, told the business news portal Napi.hu. Foreign tourists are rediscovering Hungarian tourism this year after the pandemic, […]
On June 10, the Hungarian Interchurch Aid (HIA) invited everyone to a picnic and a demonstration of local hop production in Kastélyosdombó, in the castle park of the Erdődy Castle, which is also the seat of the regional headquarters of the Hungarian Interchurch Aid. The event, called ‘Hops Tour in Kastélyosdombó’, was supported by HEINEKEN […]
The installed photovoltaic capacity in Hungary increased by more than 840 megawatts in the first five months of this year, and by the beginning of the summer the total number of solar power plants above 50 kilowatts (kW) exceeded 3,000 megawatts, the Ministry of Energy (EM) informed MTI in a statement on Saturday. Another sign […]
