The Budapest Stock Exchange Ltd. (BSE) suspended exchange trading in the ordinary shares of the issuer Graphisoft Park SE Real Estate Development European Company Limited by Shares from the beginning of Pre-Trading phase on February 13, 2023 until the end of the Post-Trading phase on February 14, 2023, a statement on the website of the […]
A new stakeholder joins the Hungarian electric vehicle manufacturing landscape thanks to Nippon Paper’s investment in Vácrátót, north of Budapest to produce high-performance environmentally friendly cellulose-based additives for batteries, according to the Hungarian Investment Promotion Agency (HIPA). The company plans to set up an 8,000-square-meter plant in Hungary that is expected to be up and […]
In December 2022, the volume of sales in retail trade decreased by 4.8% according to raw data and by 3.9% when adjusted for calendar effects compared to the same period of the previous year. In December, calendar-adjusted sales volumes decreased by 8.3% in specialised and non-specialised food shops and by 0.4% in non-food retailing and […]
Companies will put much more focus on retaining their workforce than in the past. With labor shortages still persisting in Hungary, larger employers are typically attracting labor away from each other, an expert told the business news site napi.hu. This trend is particularly noticeable at the beginning of the year, as there is a greater […]
Sales of Hungarian beer companies increased last year compared to the previous year, but still lagged behind 2019, with domestic production in 2022 close to 2021 levels. Continuing the trend of previous years, the share of premium, super-premium and non-alcoholic beers among the products continued to rise The combined sales of the five largest beer […]
The Budapest Stock Exchange (BSE) share index fell in the week, closing at 45,396.33 points on Friday, down 2.68% or 1,249.08 points from a week earlier. The weekly turnover of the stock market was HUF 55.39 billion, up from HUF 38.95 billion the previous week, with the leading stocks ending the week lower, except for […]
Food was a clear winner in a recent poll conducted for the news site Napi.hu by the public research company Pulzus: 59% of the Hungarian population cut back on food spending in the last six months. The same proportion of the spending cut was measured for entertainment. The survey also shows that since August, at […]
Avidin Ltd., based in Szeged, SE Hungary, has expanded its diagnostic range with high-sensitivity solutions based on fluorescence technology with an investment of over HUF 305 million, half of which is funding from the European Union. Founded in 2002, Avidin Ltd.'s main goal is to identify new small molecules that can be the starting points […]
The performance of Hungarian hotels in December was again better than expected, despite the rising inflation and the Russian-Ukrainian war, the Association of Hungarian Hotels and Restaurants (MSZÉSZ) has announced. They recalled that in 2022, with the lifting of the epidemic restrictions, both domestic and international tourism started to grow dynamically, and this was reflected […]
Volvo Hungária Ltd. has handed over to the Waberer's Group Hungary's first purely electric Volvo tractor unit, an electric Volvo FH model. The newly handed over electric Volvo FH is a 4×2 axle configuration tractor with a Globetrotter XL extra-high sleeper cab for driver comfort. The range of up to 300 kilometers is ensured by […]
2022 was an extremely challenging, yet very successful year for the Hungarian capital’s Ferenc Liszt International Airport, the operator company Budapest Airport reports. The airport recovered 75% of its pre-COVID passenger traffic, added brand new destinations to its schedule and became a regional leader in quality, while air cargo volumes hit unprecedented records. A number […]
The University of Pécs (PTE) and the pharma firm Gedeon Richter Plc. (Richter) are creating an infrastructure and professional knowledge base worth more than HUF five billion in cooperation, which can be used in the fields of pharmaceutical research and agricultural science, among others, and is also suitable for the structural analysis of macromolecules, the […]
Among medium and large companies, eight percentage points more firms reported in the second half of the year than in the first half of 2022 that they had introduced a new product or service or significantly improved its quality in the two years preceding the survey, K&H Bank said on Friday, based on its latest, […]
Hungary’s economic competitiveness to a very large extent hinges on the government’s ability to ensure energy security for the country, according to the German Chamber of Commerce. In addition to energy costs, the security of supply is also for crucial businesses operating in Hungary. German foreign direct investment is a key engine of Hungary’s economy. […]
Following a drone attack on their Ukrainian system control center in mid-October, Ukrainian transmission operators have requested assistance to restore their damaged IT infrastructure through ENTSO-E, the European network of system operators for telecommunications. “In immediate response to the request received at the end of October, we offered servers and data storage devices to Ukrenergo […]
