Bock Winery Ltd., based in Villány, S Hungary, has implemented developments worth more than HUF 1.5 billion in order to bring premium quality wines, grape juice and cold-dried fruit products to the market, the company informed the state news agency MTI on Tuesday. The statement said that a 3,700-square-metre raw material processing plant was built […]
The opening ceremony of ExxonMobil Üzletsegítő Központ Magyarország Kft.’s new office this Tuesday marked the perfect occasion for the company to announce an ambitious training program worth EUR 600,000 that will help staff gear up their digital skills, the Hungarian Investment Promotion Agency (HIPA) reports. Up to 200 jobs will be created as part of […]
Audi Hungaria has announced the launch of yet another electric set of engines. The next-gen engines to be made on future production lines worth EUR 300 million will be built in economy cars of the group to meet heavy market demand. The new project, where about 7% of the costs are to be borne by […]
In 2021, the digital transformation of the financial sector gained new momentum both at international and domestic level. That is according to the National Bank of Hungary (MNB) in its FinTech and Digitalisation Report on the global and Hungarian FinTech ecosystem and the digital maturity of the domestic banking and insurance sector published for the […]
The exhibition – Nicolás Muller: The Committed Gaze – sheds light on the work of Nicolás Muller (Born Miklós Müller, Orosháza, Hungary, 1913 – died in Andrín, Spain, 2000). He spent most of his life in Spain and who was one of the leading figures of Hungarian socio-documentary photography and at the same time, he […]
After two years of hiatus due to the pandemic, the village of Szőreg, located near the city of Szeged in SE Hungary, is again hosting a rose festival at the end of this week: guests are welcome to the village, which is decorated with hundreds of thousands of flowers. As András Avramov, the organizer and […]
According to police data, 14,162 people arrived in Hungary from Ukraine on Saturday, the National Police Headquarters (ORFK) informed the state news agency MTI on Sunday. At the Ukrainian-Hungarian border, 7,134 people entered the country, while 7,028 of those entering the Romanian-Hungarian border said they had come from Ukraine, the statement said. Of those who […]
BUX, the stock index of the Budapest Stock Exchange (BSE) rose on rising turnover this week, closing at 39,299.75 points on Friday, up 0.90 on the previous week's close of 349.08 points, the state news agency MTI reported this Sunday morning. Turnover rose from HUF 40.28 billion the previous week to HUF 67.01 billion, with […]
As part of the continuation of a series of large-scale developments since 2019, leading pharmaceutical giant Egis Gyógyszergyár Plc. now invests EUR 21.1 million in Körmend, W Hungary to install new technology, increase capacity and enhance efficiency. The investment is set to help the company not only produce more but also adapt to rapidly changing […]
Magyar Telekom, the leading Hungarian telecommunications service provider, has announced on the website of the Budapest Stock Exchange that it has exercised its call option on the business quota of Cecoin Ltd. allowing it to acquire a fiber network covering 110,000 access points in Hungary for a purchase price of HUF 6.95 billion. In 2014, […]
The Hungarian capital's Ferenc Liszt International Airport has once again been named the "best airport in Eastern Europe" at the 2022 World Airport Awards for the ninth consecutive year. The award was presented during a ceremony at the Passenger Terminal EXPO in Paris. A press release by the airport menegment company Budapest Airport says the […]
Katalin Karikó, an alumnus and research professor at the University of Szeged (SZTE), was elected a member of the French Academy of Sciences (Académie des Sciences), SZTE informed the Hungarian state news agency MTI on Friday. According to the press release, the inauguration ceremony, at which the biochemist and fifteen other researchers became members of […]
W-Scope Corporation sets up its first European plant in Nyíregyháza where separator film used for lithium-ion batteries will be manufactured. The EUR 720 million project that creates 1,200 jobs qualifies as the largest investment so far announced this year. W-Scope Corporation is listed on the Tokyo Stock Exchange that deals with development, manufacturing and sale […]
Hundreds of aquatic athletes from Afghanistan to Zimbabwe have arrived in the Hungarian capital to vie for a piece of the USD 5.72 million prize money awarded over the next 17 days at the 19th FINA World Aquatics Championships. Competitions began with artistic swimming’s preliminary rounds on Friday. The original 19th FINA World Championships were […]
The National Bank of Hungary surprised markets when it unexpectedly raised the key interest rate as monetary policy setters seek to put a floor under the sliding forint. In the face of double-digit inflation and massive wage increases, the central bank has to keep raising borrowing costs to keep Hungarian financial assets competitive. The National […]
