Continental Tobacco Ltd. has completed a capacity expansion project worth HUF 9.2 billion in Sátoraljaújhely, NE Hungary. Some 40% of the costs have been borne by Hungarian taxpayers as HUF 3.6 billion comes in funding from the state. At the handover ceremony, Finance Minister Mihály Varga recalled that the Sátoraljaújhely-based company is present in 30 […]
Following a tender offer procedure that closed on Friday, Waberer's International's two main shareholders, MHB Optimum Plc. and High Yield Vagyonkezelő [Property Management] Plc., have acquired 8.4% of the transport company Waberer's shares, Waberer's announced on the Budapest Stock Exchange's website. The Offerors are obliged to carry out the financial settlement in respect of the […]
On Friday evening, snow and sleet fell on the peaks of the Bük and Zemplén mountain ranges, around Tokaj and in northern Hungary in general – the first snowfall of the end of the year in Hungary. Forecasts suggest that the north-eastern and eastern counties, especially around Tokaj and the Nyírség region, could be white […]
Hungary-based low-cost airliner Wizz Air has signed a Memorandum of Understanding (MoU) with ÖMV, the international integrated oil, gas and chemicals company headquartered in Vienna, for the supply of sustainable aviation fuel (SAF) between 2023 and 2030. The MoU gives Wizz Air the opportunity to purchase up to 185,000 metric tons of SAF from OMV. […]
In 2022, Hungarian cinema attendance will not return to its pre-pandemic level, with this year's cinema revenues so far failing to double those of 2021. And the balance is billions of euros below the revenues of 2019 and the years before, the financial website penzcentrum.hu reports. There are a number of reasons why cinemas are […]
Hungarian economic growth continued to slow in the third quarter of the year. Analysts expect further weakness in the coming couple of quarters as negative impacts amplify the drag on growth Economic growth in Hungary slowed from 6.5% in Q2 to 4% in July-September on an annual basis, below forecasts. The nation’s economy contracted 0.4% […]
Four Hungarians, including two professors from Semmelweis University are included on the list of the most cited researchers that has just been published. Dr. Péter Ferdinandy, Vice Rector for Science and Innovation at Semmelweis University and Dr. Balázs Győrffy, Head of the Department of Bioinformatics at the University of Semmelweis, are the authors of articles […]
The Stellantis car group (formed last year by the merger of Fiat and other car manufacturers) has announced the acquisition of aiMotive, a Hungarian company that develops software for self-driving cars. Under the terms of the agreement between Stellantis and aiMotive, the Hungarian company will become a subsidiary of Stellantis and its founder, László Kishonti, […]
Man of the City, Pro Urbe and other honors were awarded at a ceremony held on Thursday at the City Hall on the occasion of the Capital Day, which also marked the the start of a two-year series of celebrations for the 150th anniversary of the unification of Budapest, the state news agency MTI reports. […]
CK EM Solution celebrated the opening of its first Hungarian plant in Heves, Hungary where heat sink glue is produced. The total investment of EUR 10.42 million is implemented in two stages, the first of which provides an annual capacity of 1,000 tons of heat sink glue used for EV battery production. CK EM Solution […]
The EU’s statistical office, Eurostat has published the inflation rankings in the European Union, which shows that in October, inflation was higher in only two countries than in Hungary, portfolio.hu reports. The annual inflation rate in Hungary was 21.9%, almost double the EU average of 11.5%. The lowest inflation was recorded in France in October, […]
Internet use is on the rise over the age of fifty, but TV is still the first, according to a statement on media consumption habits sent to the Hungarian state news agency MTI by the Communications Directorate of the National Media and Infocommunications Authority (NMHH) on Wednesday. The online presence of 50-75 year-olds has become […]
A total of 4,431 new infections were confirmed last week in Hungary (125 less than the number the number reported a week ago), bringing the total number of identified infections to 2,157,995 since the beginning of the epidemic, according to the related government website koronavirus.hu. The 73 patients who died last week (19 less than […]
The ice rink in the City Park in Budapest’s District 14 will open its doors to skaters at 9 a.m. on Thursday morning, November 17. According to the Budapest Sports Service Center, the opening week will be marked by a variety of activities for the lovers of the sport. On Thursday afternoon, the Hungarian Defense […]
The implementation of an ambitious development plan thru 2025 is underway at Siemens Energy’s Hungarian operation, an important pillar of which is the erection of a 17,000-square-meter production hall in Budapest that just broke ground. Part of the investment is a training program, and in total 400 new jobs will be created along the way. […]
