According to Reacty Digital's annual online retail survey, domestic online retail sales reached HUF 1,378 billion in 2022, with a more moderate growth of 8% compared to recent years. In a summary sent to MTI on Tuesday, it was reported that during the coronavirus outbreak, due to the closures, more people shopped online more often […]
With an alternative environmentally conscious idea, the creative and practical reuse of chip bags, students from the Nyírség region, NE Hungary, took home the top prize in the Samsung and EdisonKids Solutions for Tomorrow challenge. The third edition of the competition saw students aged 12-18 compete in the categories of community, sustainability and future education. […]
Kim Jin Phyo, Speaker of the National Assembly of the Republic of Korea and László Kövér, Speaker of the Hungarian National Assembly lay a wreath at the Mermaid shipwreck memorial at the Pest end of the Margaret Bridge, paying tribute to the South Korean and Hungarian victims of the tragedy. On May 29, 2019, the […]
This year's Museum of the Year award was won by the Szentendre Open-Air Ethnographic Museum in the category of ‘large museums’ and by the Kunszentmárton Local History Museum in the category of ‘small museums’, the organizers told MTI on Monday. The special prize of ICOM Hungary was awarded to the German Nationality Museum in Tata, […]
Amazon Web Services (AWS) has opened its first office in the Hungarian capital, as part of the company's ongoing expansion in Central and Eastern Europe to serve a growing number of regional customers and partners, the company told MTI on Monday. The new Hungarian headquarters will enable staff to provide even more support for migrating […]
The Hungarian Business Leaders Forum (HBLF) launched a campaign to promote the role of women in corporate leadership. Entitled ’CEOs Leaders for Balance’, the initiative is aimed at raising awareness and promoting diversity in the Hungarian corporate world. As part of the program, HBLF paired up 12 executives living and working in Hungary to work […]
HR service provider Prohuman has further strengthened its presence in the Central and Eastern European region, following its expansion in Serbia and now it wants to put its Slovenian subsidiary on a growth path, the Hungarian-owned HR service provider has told MTI. According to the statement, Prohuman is active in seven countries – Hungary, Romania, […]
Austrian-owned KRONOSPAN-MOFA Hungary Fiberboard Production Ltd. is expanding the capacity of its plant in Mohács, S Hungary, for the production of fiberboard to the tune of HUF 2 billion, with Hungarian taxpayers covering HUF 286 million of the invested amount as state contribution. The Hungarian timber industry, which employs 16,000 people, also set a record […]
The stock index of the Budapest Stock Exchange (BSE) rose on rising turnover, closing at 47,869.61 points on Friday, up 296.26 points or 0.62% from a week earlier, MTI reported Sunday morning along with a brief analysis of the week’s trading. Weekly turnover on the stock market was HUF 69.1 billion, up from HUF 37.3 […]
The new generation is the central theme of the MBH Bank Gourmet Festival, one of the most comprehensive events in Hungarian gastronomy, which takes place this weekend at the Millenáris event center in the Hungarian capital. According to the organizers, the core of the event remains the huge open-air "walking-tasting" with around a hundred exhibitors: […]
The new high-performance PET bottling production line of Szentkirályi Magyarország Ltd. has inaugurated this week. The HUF 2.8 billion investment was built in the first phase of the company's five-year development program. One of the key objectives of Szentkirályi Magyarország Ltd.'s HUF 10 billion development program, launched in 2022, is the transition to a circular […]
CA Immo is to liquidate its Hungarian interests, with 180,000 square meters of office buildings, including Bartók House and Millennium Towers, being put on the market. Earlier this week, Hungary was classified as a non-core market from a strategic point of view by the supervisory board of Austrian real estate company CA Immobilien Anlagen, which […]
In the town of Balatonfüred, on the northern shore of Lake Balaton, a hotel complex worth HUF 22.5 billion is being built in the city center, with the Le Méridien resort scheduled to open in spring 2025, project founder Richárd Szepesi said at a press conference in Balatonfüred on Friday. He said that in addition […]
Heading a delegation, the Speaker of the House of Representatives of Malta, Dr. Angelo Farrugia has paid a recent visit to Budapest this April. Diplomacy&Trade has caught up with him to discuss bilateral and European issues like economic relations, parliamentary diplomacy or the tackling of migration. The delegation of the Maltese House of Representatives arrived […]
DMG Mori Heitec Digital Kft. implements an ambitious R&D project worth over EUR 11.8 million that aims to develop a software platform thanks to which the entire production life cycle of machine tools is placed in the cloud. Over 20% of the investment costs are covered by Hungarian taxpayers according to a Hungarian government decision. […]
