Agricultural machinery manufacturer Optigép Ltd., based in Békés, SE Hungary, has implemented a capacity expansion project worth more than HUF half a billion, the company's managing director János Patkós told MTI. According to the managing director, the total cost of the investment was HUF 634.25 million, for which HUF 261.15 million in European Union support […]
ÖBB Rail Cargo Group and its Hungarian subsidiary, Rail Cargo Hungaria transported more than one million metric tons of grain from Ukraine last year, the multiple of the amount of the previous year. The company stands ready to continue helping Ukrainian people and expects the freight volume between the two countries to continue increasing this […]
MSD Pharma Hungary Ltd. is expanding its clinical research program, primarily for the treatment of cancer, in cooperation with the University of Szeged (SZTE), the public relations department of the higher education institution has informed MTI. According to the statement, the joint research and development activities of the Hungarian subsidiary of the pharmaceutical company and […]
The Budapest Stock Exchange (BSE) closed the week at 44,440.48 points, down 827.63 points or 1.83% from last week, MTI reported this Sunday morning along with a brief analysis of the week’s trading. Turnover on the Hungarian capital’s stock market rose from HUF 23.259 billion last week to HUF 36.495 billion this week, with most […]
The Business Council for Sustainable Development in Hungary (BCSDH) has developed into a leading organization for corporate sustainability, now representing the top executives of 133 responsible companies in Hungary. At its general assembly this week, member companies accepted the ‘Sustainable Business Management Guidelines’, thereby expressing their desire to lead by example as well as manage […]
In January 2023, 570,000 guests spent 1.4 million tourism nights in commercial accommodation establishments (hotels, boarding houses, camping sites, bungalow complexes and community hostels) in Hungary, the country's Central Statistical Office reports. The number of guests and tourism nights both increased by 18% compared to January 2022. The number of nights spent by domestic guests […]
A new activity will be added to the responsibilities of the operator of Budapest’s Ferenc Liszt International Airport from the fall: the management company Budapest Airport will establish its own industrial fire service, a fire brigade of its own staff with a large headcount and one of the best-equipped airport fire bases in Europe. As […]
The traditional Jelly Festival is held again this year in the northeastern Hungarian city of Miskolc between March 3 and 5. The even was canceled in 2020 and 2021 to the new coronavirus epidemic. This year's jelly festival began with a spectacular parade and opening ceremony on Friday afternoon and will end on Sunday afternoon […]
The Austrian Cultural Forum Budapest (Österreichisches Kulturforum Budapest – ÖKF), one of 30 Cultural Forums worldwide by Austria's Federal Ministry for European and International Affairs, looks back at a history of 45 years. The Director of the institute, Christian Autengruber tells Diplomacy&Trade about the tasks they performed and the services they provide in Hungary. Regarding […]
One of the largest corn processing companies in Hungary, Hungrana Ltd., has won two awards at the SAP Quality Awards for the countries of the Central and Eastern European region, the company has announced. In the competition for digitalization business development, where projects were submitted by 16 countries, Hungrana was awarded the Grand Winner and […]
The deficit of the external trade in goods was EUR 168 million in December, the adjusted volume of export increased by 0.6, while that of import decreased by 5.0%, compared to November, the Central Statistical Office reports. In December 2022, the volume of export was 3.5% higher, while that of import was 1,0% lower than […]
Hungary’s healthcare system has been in dire need of reform for decades but an all-encompassing solution is yet to be presented. The government of Prime Minister Viktor Orbán has launched several measures over recent years to address issues in healthcare but the latest steps have provoked significant resistance from doctors. Late last year, the government […]
The Oroszlány Power Plant, northwest of Budapest, will join the national electricity supply companies as a biomass-based power plant in the first half of 2024, the Veolia Group, which is restarting the plant that closed seven years ago, told MTI on Tuesday. According to the company, the Oroszlány power plant will be their fifth modernization […]
Last year, the membership fee income of voluntary pension funds amounted to HUF 120.116 billion, a 2.66% increase compared to the previous year, while the membership fee income of health funds increased by 19.73% to HUF 60.126 billion, Csaba Nagy, president of the National Association of Voluntary Funds (ÖPOSZ), told journalists in Budapest on Thursday. […]
Last September, the ‘For The Neighbors Of Budapest Airport Foundation’, with the support of Budapest Airport, launched the largest ever noise protection program which offers the most noise abatement solutions for residents, to a value of HUF 1.2 billion over three years. The aim of the program is to reduce noise burdens for people living […]
