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Virtual Olympic Relay ‘Stops’ in Hungary

D&T
Mar 13, 2024

On March 14th, a 24-hour relay will take place around the world, held by Paris 2024, the organizing committee of this year's Summer Olympic Games. The relay will pass through all five continents and engage the general public and figures from the world of sport in hour long sporting activities." In Hungary, the events of […]

25th Anniversary of Hungary's NATO Membership

D&T
Mar 12, 2024

The 25th anniversary of Hungary's accession to NATO is commemorated on Tuesday in Independence, Missouri, where Hungary, Poland and the Czech Republic officially joined the North Atlantic Treaty Organization on March 12, 1999. Twenty-five years ago on this day, Foreign Minister János Martonyi presented the instrument of Hungary's accession to US Secretary of State Madeleine […]

Gundel Restaurant Plans Double-Digit Growth This Year

D&T
Mar 12, 2024

The operator of the Gundel Restaurant in Budapest is planning a double-digit, 20% increase in turnover this year, Jenő Magyary, managing director of Gundel, said in response to an inquiry from MTI. He added that in 2023, the turnover will increase to HUF 1.5 billion, and the profit will be roughly 8-10% of that, according […]

Bayer Construct Plc. to Build a Factory in Sóskút

D&T
Mar 11, 2024

Bayer Construct Plc. is to build a factory in Sóskút, southwest of Budapest, where it will operate a bathroom assembly plant, as part of a new HUF 15 billion investment, according to a statement by the Ministry of Foreign Affairs and Trade. The project, which promises to create 100 new jobs, will be subsidized by […]

Spar Challenges Hungarian Government Tax Move

D&T
Mar 11, 2024

The supermarket chain Spar is to complain to the European Union about a special tax in Hungary, a Financial Times (FT) report is quoted by the Hungarian financial portal portfolio.hu. Spar has accused the Hungarian government of breaking EU law and called on Brussels to intervene to mitigate the "devastating" effects on its operations. The […]

André Kertész 130th birthday Celebrated with 3 Exhibitions

D&T
Mar 11, 2024

To commemorate the 130th anniversary of the birth of the world-famous Hungarian photographer André Kertész, the Hungarian National Museum will organize a series of exhibitions between March 23 and September 22 in Esztergom and two venues in Budapest. A selection of Kertész's photographs purchased from New York in 2021 will be on display, allowing the […]

Hungarian Winner at This Year's Oscars

D&T
Mar 11, 2024

Hungarian production designer Zsuzsa Mihalek won an Academy Award, jointly with Shona Heath and James Price, for her work in the American movie ‘Poor Things’ the principal filming of which took place in the Hungarian capital. Zsuzsa Mihalek was not present at the Oscars ceremony in Los Angeles, but her co-recipients accepted the 'Best Production […]

New Hungarian President Inaugurated

D&T
Mar 10, 2024

Dr. Tamás Sulyok, the new Hungarian President of the Republic, was inaugurated this Sunday afternoon in a ceremony held in front of the Sándor Palace, the residence of the President in the Buda Castle.   "To serve the country and the nation is the greatest honor," President Tamás Sulyok declared in his inaugural speech. "Law is […]

BUX Index Fell on Falling Turnover This Week

D&T
Mar 10, 2024

The stock index of the Budapest Stock Exchange (BSE) fell this week, closing at 66,093.62 points on Friday, 75.41 points or 0.11% lower than a week earlier, MTI reported this Sunday morning. The weekly turnover of the stock market was HUF 49.57 billion, compared to HUF 70.39 billion the previous week, with the leading stocks, […]

SEAT to Repeat Last Year's Performance in Hungary

D&T
Mar 9, 2024

Based on the outlook of the Hungarian new car market, Ádám Rozgonyi, brand director of importer Porsche Hungaria SEAT, expects stagnation and a repeat of the 2023 volume in the sales of the SEAT and CUPRA brands this year. Last year, 2,761 units of the Volkswagen group's two brands were sold in Hungary, an increase […]

Women Take Center Stage at This Year's Gourmet Festival

D&T
Mar 8, 2024

"Women's energy" will be the focus of this year's Gourmet Festival, which will welcome more than 100 exhibitors, including 35 restaurants and seven pastry shops, between May 24 and 26 at the Millenáris event center in Budapest, the organizers told MTI on Friday. According to the press release, the gastronomic event, which features the best-known […]

Danubius Hotels: Several Hotels Renovated

D&T
Mar 8, 2024

Danubius Hotels has renovated several of its hotels, and the hotel operator will continue its planned developments and modernizations in 2024, the company told MTI. This spring, the renewed guest rooms and spaces will be opened in three hotels: the Danubius Hotel Helia will be equipped with special suites unique in Budapest, the Danubius Hotel […]

OTP Bank: Considerable Profit in 2023

D&T
Mar 8, 2024

OTP Bank's consolidated adjusted profit after tax for the last quarter of last year was HUF 229.987 billion, exceeding the average expectations, closing the year at HUF 1,008.583 billion, according to a release published on the website of the Budapest Stock Exchange (BSE) on Friday morning. Based on a summary of unaudited individual and consolidated […]

Hungary Opposed to Rutte Becoming Head of NATO

D&T
Mar 8, 2024

Hungary has openly declared its opposition to Mark Rutte, the outgoing Prime Minister of the Netherlands, becoming NATO's next secretary-general. The announcement was made by Hungary's Foreign Minister, Péter Szijjártó, during a press conference, marking a significant divergence from the support Rutte has garnered from NATO's most influential members. Rutte's candidacy, despite enjoying backing from […]

Supporting Diversity in Decision-Making Bodies

D&T
Mar 7, 2024

The Budapest Stock Exchange (BÉT), the Hungarian Business Leaders Forum (HBLF) and the Institute of Directors (IoD) have signed the Memorandum of Understanding (MoU), with which they support diversity in the decision-making bodies of domestic companies. Several organizations expressed their support for the initiative and joined as signatories: the British Chamber of Commerce in Hungary, […]

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