'Brave Warrior 2022', a large-scale multinational exercise, involving thousands of allied troops in the execution of joint tasks, takes place in the second half of September in Hungary. This Thursday, the participating troops were visited by the Hungarian and Croatian ministers of defense. It is a multinational (Hungarian, Croatian, Slovakian, Italian and American) complex combat […]
Innovariant Ltd. has expanded the capacity of its printing plant in Algyő, SE Hungary, with HUF 448 million, most of which is EU support, the company informed the state news agency MTI. According to the statement, Innovariant Ltd. was founded in 1996 in nearby Szeged and moved its headquarters to Algyő in 2011. Its main […]
The Hungarian electricity company MVM Plc. closed the first half of this year with a loss of HUF 81.1 billion, compared to a profit after tax of HUF 28.3 billion in the same period last year, according to a consolidated report about the first six months of the year published on the website of the […]
Mixing plants operating in Hungary produced 3.956 million tons of livestock feed mix in 2021, 3.4% more than in 2020, according to a summary published on the website of the Hungarian Institute of Agricultural Economics (AKI). The majority of all feed, almost two million tons, was poultry feed, with only turkey feed down on 2020. […]
Both the number of Hungarians infected with the new coronavirus and that of those dying as a result of this infection decreased in the past seven days, according to a weekly summary published by the related government website koronavirus.gov.hu. In the past week, 46 people died (two fewer than in the previous week), mostly elderly […]
Hungerit Plc. has expanded its production capacity at a cost of around HUF four billion in the past year, the company informed MTI on the occasion of the centenary of the start of industrial poultry processing in Szentes, SE Hungary. According to the statement, the new breading plant was launched in October last year, increasing […]
Following a EUR 10.6 million investment, almost a third of which is covered by Hungarian taxpayers through a government decision, the expansion of Audi Hungaria’s tool plant is now complete, providing a dynamic backdrop to the continuously developing operation of the company in Győr, NW Hungary. As a result, more space of 6,300 square meters […]
Veranda Confectionary's ‘golden apple’ cake has been named the Dessert of Budapest of 2022. The gianduja-apple confection, placed on a linen sheet, can be tasted for the first time at the Sweet Days Budapest chocolate and sweets festival, which runs from this Friday to Sunday in front of St. Stephen's Basilica. Hungarian chocolate production has […]
The completion of the first phase of LEGO’s latest plant expansion was celebrated in a ceremony at its Nyíregyháza site this Tuesday. About 11% of the investment is covered by Hungarian taxpayers through a government decision. As a result of the project, the company’s production capacities will surge significantly following a EUR 148 million investment. […]
The venture capital and private equity market in Hungary closed the second quarter with an increase in both the amount and the number of investments compared to the same period of previous years, the Hungarian Private Equity and Venture Capital Association (HVCA) told the state news agency MTI on Tuesday. The members of the association […]
The majority of Hungarians admit to consciously buying food, paying attention to the expiry date of food, yet they produce 65 kilograms of food waste annually, resulting in an annual loss of HUF 45,000, the Hungarian Food Bank Association told the state news agency MTI on Monday. According to the statement, the association, the National […]
The Continental Group opened an Application Development Center in Budapest on Monday with Hungarian state support to develop cutting-edge software solutions for traffic accident prevention. The director of the Continental Group in Hungary, Róbert Keszte says that the acceptance of self-driving technologies in Europe is not yet widespread, and that this must change. Róbert Keszte […]
Business and consumer expectations in Hungary deteriorated for the fourth month in a row in August. In the case of consumer expectations, this continued in September, whereas the business confidence index slightly increased, although it was noticeably below its July level. According to the empirical survey conducted by GKI Economic Research Co. with the support […]
A solemn bell-ringing ceremony marked the start of trading at the Budapest Stock Exchange (BSE) this Monday – the occasion was the public listing of Naturland Holding. The event was attended by Richárd Végh, CEO of the Budapest Stock Exchange, and Tibor Ásványi, founder of Naturland, among others. With this issue, the company has listed […]
Organized as part of the Budapest Running Festival, the 17th NATO Run in Budapest took place this Saturday. This time, the 10-kilometer route was exclusively on the Buda side, along the embankment of the River Danube, with the start and finish at the Vérmező park in the Hungarian capital's District I. The running race was […]
