It is important for Budapest Airport that the employees of the BUD group should be able to count on the company even in difficult economic circumstances, which is why the airport operator increased the salaries of its employees by an average of 13% last March and by 10% in October, in an extraordinary procedure, bringing […]
Provident Finance Plc. and the Hungarian Interchurch Aid are launching a comprehensive program to raise financial awareness among the most financially vulnerable groups in Hungarian society, giving them the chance to improve their living conditions. The pilot program of the initiative, based on Provident's financial support and the financial literacy of its colleagues, will be […]
Becoming a diplomat has been my dream since my early youth. Learning about other countries, cultures, and peoples, communicating with them in their languages and serving my country at the same time have always attracted me very much. Diplomacy to me is not only my work but also the way of life, my hobby and […]
To mark the centenary of the founding of the Szerencs chocolate factory, a year-long series of events will commemorate one of the country's best-known sweets in Szerencs, NE Hungary. The director of the regional Zemplén Museum, Judit Majoros told MTI that the series of events will be organized around two important dates. The first is […]
The Budapest Stock Exchange (BSE) share index, the BUX, closed the week at 43,077.69 points, down, amid unfavorable international sentiment, 3.07% on the previous week, or 1,362.79 points, MTI reported this Sunday morning along with a brief analysis of the week. Turnover on the stock market rose from HUF 36.495 billion to HUF 47.274 billion, […]
A body was found under a burnt-out car wreck during the technical rescue of a mass traffic accident on the M1 motorway, the Budapest Police Headquarters said on police.hu Saturday night. According to the police statement, the deceased was found during the removal of the car wreckage. According to the police, five trucks and 37 […]
The energy costs of most domestic firms at least tripled last year. The increased charges have forced companies to pass on costs to customers and to invest in energy efficiency, according to a survey of 70 medium and large Hungarian companies by Ernst & Young. Eight out of ten companies saw their energy costs at […]
Since its foundation in late 2017, Napelem Szerelő Kft. [Solar Panel Installer Ltd.] of Szeged in SE Hungary has been helping to supply the Hungarian market with green energy with a steadily increasing performance, managing numerous subcontractors. The company, as Managing Director Rudolf Mészáros tells Diplomacy&Trade, is now expanding to Austria, where it will continue […]
Silver coins of the Turkish period and a tin-lead alloy ring have been found on the outskirts of Nemesvámos in Veszprém County. At the presentation of the find, Regional Development Minister Tibor Navracsics said: as several times before, this time too, volunteers found the important piece, and the participation of civilians in the search for […]
The value of Hungarian exports in EUR terms was 15% and that of imports 14% higher in January 2023 than in the same period of the previous year, the Central Statistical Office reports. The balance of the external trade in goods improved by EUR 78 million. Compared to the previous month, the level of export […]
Foreign subsidiaries largely compensated for the losses caused to the group by the war and Hungarian government measures, with after-tax profit falling by only 24% to HUF 347 billion last year compared to a year earlier, Deputy CEO László Bencsik said at a press conference presenting OTP Group's last year's report on Friday. He pointed […]
The electric vehicle charging market in Hungary is also looking promising, but the really spectacular development will only start afterwards, the international consultancy firm KPMG has warned, based on a study of its own. According to the summary sent to MTI, there is a huge business opportunity in electric vehicle charging worldwide due to the […]
Hungary’s central bank Governor György Matolcsy slammed the Cabinet’s economic policy making, claiming it “took a wrong turn” ahead of the outbreak of war in neighboring Ukraine. The criticism shows a widening rift within the ruling Fidesz party, which could pose a new risk for the country. György Matolcsy, governor of the National Bank of […]
The Hungarian industrial and logistics real estate market closed a record year in 2022 in terms of rental volumes, new developments and investments in the countryside, the Hungarian Association of Logistics Service Centers (MLSZKSZ) said in a statement. According to their information, last year 482,000 square meters of new industrial and logistics real estate developed […]
The execution of the first green power purchase agreement on the Hungarian market, under which Nap Plc. will provide a part of the electricity needs of a production company in the long term, has started, the CEO of Nap Plc., Gábor Földvári, said at a press conference on Thursday. The so-called Power Purchase Agreement (PPA) […]
