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) […]
Feed producer UBM Holding has set a strategy to reach HUF 350 billion in sales by the end of 2025, based on the fact that the focus of livestock farming will gradually shift from Western Europe to Central and Eastern Europe, thus increasing the demand for quality feeds, the company announced at a press conference […]
Erste Bank had a successful year in 2022, with lending growth and operating income up, but profits lower than in the previous year due to one-off tax and regulatory charges, Erste CEO Jelasity Radovan has told a press conference in Budapest. He added that two acquisitions were successfully completed last year, the takeovers of Commerzbank […]
Österreich Werbung (ÖW), the Austrian National Tourist Office, is Austria's national tourism marketing organization supported by the country's Federal Ministry of Labor and Economics and the Austrian Chamber of Commerce. The figures available from 2021 (still a pandemic year) show that Austria welcomed 22.1 million guests (including 12.7 million international tourists), who spent 79.6 million […]
The employment intention of businesses has strengthened in Hungary, with around a quarter of firms planning to hire staff, while the share of those thinking of making redundancies is again below 10%, according to the K&H bank’s latest SME confidence index research. The statement highlights that companies are preparing for an average 11% salary increase, […]
Consumer prices were 25.4% higher on average in Hungary in February 2023 than a year earlier, the Central Statistical Office reports. Food inflation is over 43%. The highest price rises were measured for electricity, gas and other fuels as well as food over the last twelve months. In one month, consumer prices increased by 0.8% […]
11, mostly elderly, chronic patients died last week (up from six in the previous week), bringing the official total number of deaths in this country to 48,762, the government's Coronavirus Press Center said on Wednesday. 878 new infections were confirmed in the past week (slightly down from the previous week), bringing the total number of […]
On the occasion of the 200th anniversary of the birth of Count Gyula Andrássy, an open-air photo exhibition on the history of Andrássy Avenue is on display on one of the best-known roads in the Hungarian capital. Count Gyula Andrássy was born two hundred years ago, on March 8, 1823. The open-air exhibition commemorates the […]
Dutch-based Trive Financial Holding has acquired the Hungarian financial institution Sopron Bank, which will henceforth serve its customers under the name Trive Bank Hungary Plc., the financial group said in a statement sent to MTI on Tuesday. The document says that the bank will operate fully digitally, offering consumer loans and later also fixed deposits […]
The volume of industrial production declined in Hungary in January 2023 by 0.2% year-on-year. Based on working-day adjusted data, production dropped by 3.2%, according to a report published this Tuesday by the Central Statistical Office (KSH). According to seasonally and working-day adjusted data industrial output was 5.1% lower than in December 2022. Out of the […]
Hungary’s largest motor vehicles importer, Porsche Hungaria opened an Innovation and Training Center (ITC), located just outside Budapest, last October. With a huge automotive training and transfer capacity, the center – considered by experts to be an outstanding educational facility on an international level – welcomes technical and sales professionals from all over the country […]
The Hungarian capital’s Ferenc Liszt National Airport has been voted the best European airport among airports with 15-25 million passengers, based on passenger feedback – as published by Airports Council International (ACI). The accolade is based on an international and independent survey, relying solely on passenger feedback. According a statement by the airport’s managing company, […]
Hydrocarbon exploration in the Üllő area of the Dány concession area looks promising, Director of Exploration and Production at Mol Hungary, Ádám Homonnay said this Monday at the presentation of a 3D seismic survey in Üllő, just southeast of Budapest. The oil company is exploring for hydrocarbons in an area of about 30 square kilometers […]
All three major groups of shops – grocery, non-food and petrol – and even online sales fell in January this year in Hungary. The volume of sales in retail trade decreased by 3.9% according to raw data and by 4.5% when adjusted for calendar effects compared to the same period of the previous year, the […]
Hays Hungary Ltd., part of the Hays Plc. group, the world’s leading recruitment company will move to ACADEMIA, and continue to support thousands of employers and jobseekers from one of the most prestigious office buildings with ESG focus in the city center of Budapest from the fall of 2023. A statement by the property agency […]
