Supported by the strong Upstream and Downstream performance, driven by the macroeconomic factors, Clean CCS EBITDA resulted in USD 1,449 mn in Q3 2022, the Hungarian oild and gas company MOL said on the website of the Budapest Stock Exchange. This result brought Q1-Q3 2022 EBITDA to USD 3,627mn that allows MOL to further upgrade […]
The expectations of Hungarian companies have become more pessimistic for the 2023 economic year, but half of the companies still expect growth next year and a larger share of them plan to increase wages, according to a recent HR Panorama 2022 study by Profession.hu. The findings of the study, which examines current labor market challenges […]
A floating exhibition space and awareness-raising center was created from the old ferry of the village of Sárazsadány, NE Hungary. The Floating Exhibition, which raises awareness of the importance of environmental protection and the problem of river pollution, was launched on Thursday. The now ten years old Tisza PET Cup, a campaign to collect plastic […]
On Friday this week, the University of Szeged (SZTE) organized the traditional SZTE Innovation Day for the tenth time. The aim of the event is to organize professional programs that strengthen and expand SZTE's existing role in the innovation ecosystem, provide insights into its industrial relations, support its third mission role, foster collaborations and ensure […]
The Hungarian energy firm PannErgy has announced on the website of the Budapest Stock Exchange to its shareholders and the participants of the capital market the establishment of a subsidiary company. The statement says that on account of the changed energy market environment and the resulting improved ROI opportunities, PannErgy intends to place greater emphasis […]
More than 3.5 million EU citizens (including officially 170,000 Hungarians) live in England and Wales, according to the Office for National Statistics (ONS) of the United Kingdom. According to the 2021 census figures, their numbers have increased by 1.1 million in ten years and account for more than a third (36.4%) of the non-UK-born population […]
Richter Gedeon Plc. has built and equipped a new molecular biology laboratory at its Debrecen site. The investment was part of a multi-year, partly EU-funded, HUF 4.83 billion research and development (R&D) project to support biotechnology drug development, the Budapest-listed pharmaceutical company told the state news agency MTI on Monday. According to the statement, the […]
In August 2022, the volume of export was 18% and that of import was 14% higher than in the same period of the previous year. The deficit was EUR 1.6 billion, the balance deteriorating by EUR 863 million year-on-year, the Central Statistical Office reports. Compared to July, the seasonally and working-day adjusted volume of export […]
Euro-Unior Fűtéstechnika [Heating Technololgy] Ltd. of Orosháza, which is mainly engaged in boiler production, is building a new 500-square-meter production hall and acquiring new machinery with HUF 200 million, the company's managing director, Géza Szabó Jr. informed the state news agency MTI on Wednesday morning. The managing director said that the company won a grant […]
According to virus researcher Miklós Rusvai, the most effective way to protect against the coronavirus and the flu pandemic, which is likely to be more intense this year, in addition to vaccinations, is to wear a mask, which is recommended in closed spaces and especially on public transport. Miklós Rusvai told ATV's Start program that […]
Every situation in life has its ideal means of transport, so – as the Future Mobility Alliance says – people should always consider whether, for example, a car, a bicycle, walking or a train is the best option. According to the association, it also wants people to accept that it is not cars, public transport […]
One of Hungary’s mobile communications service providers, Yettel is spending HUF tens of billions to modernize its mobile network nationwide, the development could almost triple the capacity of the network, making it faster and more reliable in many respects, the company told the state news agency MTI. The development of the core network will enable […]
Civita Group Plc. is planning a public share issue in November. As a processor of raw materials and ingredients, it will be the only food company listed on the Budapest Stock Exchange, the company said. A large-scale investment program is planned with the raised capital, as well as state support and bank loans. Civita Group […]
“Cashiers and stockers complain a lot that customers are nervous, that prices are falling because of them," the top manager at Spar Hungary, Gabriella Heiszler, said in an interview with the Hungarian Forbes magazine. In fact, after a purchase, all she could say when seeing the bill is "oh my goodness," she is quoted by […]
Promatech Célgépgyártó [‘Target Machine Production’] Ltd. is building a 3,800 square-meter hall at its Nagytarcsa site, just east of Budapest, with a greenfield investment of HUF 1.952 billion, the company told the state news agency MTI. As part of the investment, financed half and half by the company's own and EU funds, new automated metalworking […]
