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. […]
A resolution adopted by the European Parliament questions Hungary’s ability to fulfill the rotating EU presidency in a credible manner given the backsliding of rule of law in the country. Budapest dismissed the non-binding resolution as political pressuring and is convinced that the Hungarian presidency will take place as planned. Hungary is set to assume […]
In March 2023, the volume of Hungarian exports grew by 10% and that of imports by 1,6% compared to the same period of the previous year, the Central Statistical Office (KSH) has reported. The surplus of the external trade in goods was EUR 886 million, the balance improved by EUR 1.7 billion year-on-year. Compared to […]
The seasonally adjusted Purchasing Managers' Index (PMI) for May was 57.1 points, down from 61.9 points in April. Respondents reported a slowdown in expansion following the previous month's strong growth, the Hungarian Logistics, Purchasing and Stockholding Association (MLBKT) said on Thursday. The newly measured seasonally adjusted BMI index value is the third highest for the […]
Duna House Group`s revenue grew by 143% to HUF 9.4 billion and EBITDA increased by 47% to HUF 832 million in Q1 2023 compared to the previous year. Management believes that the current quarter was the low point of the market decline since mid-2022 and expects an improving trend in the Group’s core results in […]
The contract between the Angolan Ministry of Interior and the ANY Security Printing Company Plc. has entered into force, the Hungarian company has announced on the website of the Budapest Stock Exchange. The financing agreement between the Angolan Ministry of Finance and the Hungarian EXIM Bank was signed on May 31, 2023 in Luanda, thus […]
In April 2023, 1.2 million guests spent 2.9 million tourism nights in tourist accommodation establishments (commercial, private and other accommodation). The number of guests was 6.7% and that of tourism nights 1.2% higher than a year earlier, thanks to an expansion in foreign visitor turnover, MTI quoted figures by the Hungarian Central Statistical Office (KSH). […]
The credit guarantee company Garantiqa Hitelgarancia Plc. closed the most successful year in its 30-year history in 2022, with HUF 570 billion in new guarantees, mainly for micro, small and medium-sized enterprise loans; the guarantee portfolio increased by 28% to HUF 2,473 billion, with the company helping the Hungarian SME sector to raise HUF 3,065 […]
Budapest Airport, the management company of the Ferenc Liszt International Airport of the Hungarian capital, achieved a profit last year after two years of record-breaking losses, managing to cut some of the accumulated loss it suffered during the coronavirus pandemic. The airport operator ended 2022 with a net profit of EUR 76.6 million on net […]
The Japanese Seiren Group has set up a new plant in Pécs for over EUR 42 million to manufacture synthetic leather car seat covers. 30% of the investment costs are borne by Hungarian taxpayers through a government decision. The site is the first one ever established by the company in Europe where 170 people will […]
Erste Hungary is now carbon neutral in Hungary this year. The bank has reduced its carbon emissions by more than 70% in the last six years. All Erste branches and offices run on green electricity, and by 2030 the entire fleet will be fully electric. Social and environmental responsibility permeates the bank's entire operations, the […]
At the Annual General Meeting of the British Chamber of Commerce in Hungary (BCCH), Duncan Graham has been re-elected as Chairman of the organization and new members have joined the Chamber's Council. The newly formed Council is appointed for the next two years. Duncan Graham is the Managing Director of financial and investment advisory firm […]
The Hungarian MVM Group has developed a green financing framework to finance its investments to achieve national and corporate sustainability goals, the company told MTI on Tuesday. According to the information, the framework opens the possibility for the energy group MVM to finance these investments by issuing green bonds or taking out green loans. The […]
Doktor24's revenue doubled last year, from HUF 6 billion in 2021 to HUF 12 billion in 2022, the private healthcare provider told MTI. Róbert Lancz, CEO of Doktor24, said that this year's plans include further growth of at least 30%. The number of doctors and specialists working at Doktor24 has now reached 1,000, the number […]
In the 1st quarter of 2023, the volume of investments decreased by 2.8% compared to the same period of the previous year, and increased by 1.0% compared to the previous quarter (seasonally adjusted), the Hungarian Central Statistical Office reported. As noted by MTI, the investment volume has been shaped by a decrease in business activity. […]
