The production unit of SK-Precíziós (‘Precision’) Ltd., formerly known as Schüssler Hungária Ltd., will be built with an investment of some EUR 6 million in Sárospatak to manufacture state-of-the-art CNC tooling systems. As a result, 29 new jobs are expected to be created. The German owners thus set up their first manufacturing plant outside Germany […]
According to preliminary data the deficit of the general government sector in 2021 was HUF 3,736 billion, 6.8% of GDP. The balance improved year-on-year by HUF 25 billion, or by 1.0 percentage points as a proportion of GDP. Hungary's Central Statistical Office reported the data to Eurostat, the Statistical Office of the EU, in compliance […]
The Hungarian central bank’s tightening cycle, the most aggressive in the European Union, has led to an increase in loan repayment obligations last seen in the 2008 financial crisis. Once the government’s interest rate stop on retail loans runs out at the end of June, hundreds of thousands of Hungarian families will experience a jump […]
Toray Industries Hungary Ltd.’s new plant in Nyergesújfalu, NW of Budapest, has been inaugurated that marks the first phase of an EUR 408 million investment with the purpose of manufacturing battery separator film (BSF) used for lithium-ion batteries. The project that is set to employ 188 primarily highly skilled workers further strengthens Hungary’s position in […]
The 'Ship of Fools', the Paris Louvre's only title by Hieronymus Bosch (ca. 1450 – 1516), arrived in Budapest on Wednesday to be put on display in the upcoming exhibition at the Museum of Fine Arts which will be one of the most significant Bosch shows in the international museum world in the last fifty […]
In February 2022, 6,068 children were born and 12,256 people died according to preliminary data published by the Central Statistical Office. In the last twelve months, between March 2021 and February 2022, the number of births diminished by 0.5%, while that of deaths increased by 7.6% and the number of marriages by 6.5% compared to […]
The turnover of Mapei Ltd., a distributor of building materials, increased in Hungary by 22% year-on-year to HUF 27.7 billion last year, and is expected to reach HUF 33 billion this year, up 19%. The company's managing director, Béla Markovich, presented the company's research on the shortage of construction professionals at a press conference in […]
Budakeszi Wildlife Park, located just west of Budapest, awaits its visitors with several new developments - aviaris, outdoor enclosures and an activity area - for the start of the spring season., the state news agency MTI reports. According to the Director of the Wildlife Park, Péter Szabó, the establishment is one of the most popular […]
The runway of the Ferenc Liszt International Airport of the Hungarian capital will be packed with competitors for the tenth time this September. To celebrate the anniversary, Budapest Airport is making the Runway Run charity race even more special. On the one hand, participants will be able to arrive at the finish line in the […]
An office inauguration ceremony in Szeged, SE Hungary marked the official launch of the American HTEC Group’s extensive operations in Hungary which concerns the establishment of IT software developing centers in four different locations of the country. The company plans to create in total 610 high-tech software engineering jobs for local top talent. Based in […]
FELIX Kitchen&Bar, which opened in the second quarter of 2019 in a building designed by the renowned Hungarian architect Miklós Ybl, has chosen Károly Bosznai as its new Sales Director. Originally a pump house, the establishment has grown into a full-fledged contemporary art space with a focus on high quality gastronomy, bar culture, quality ingredients […]
The European Investment Bank Group, consisting of the European Investment Bank (EIB) and the European Investment Fund (EIF), increased its investments in Hungary in 2021 and provided EUR 891 million to the local economy, a record volume of investment in the past five years. The EIB increased the volume of its operations in Hungary for […]
Hungarian set designer Zsuzsanna Sipos has been awarded an Academy Award for production design together with Canadian production designer Patrice Vermette for the movie 'Dune', at the 94th ceremony held in Los Angeles this Sunday. Dune, based on the Frank Herbert classic and directed by Denis Villeneuve, was partly made in Hungary and won six […]
In the past three days, 5,223 new cases of coronavirus infection have been confirmed (some 700 per day less than the number published last Friday), while the number of fatalities related to the new coronavirus epidemic was 84 over the week-end (ten per day less than the number published last Friday), according to official figures […]
A HUF 26 billion investment by the Hungarian subsidiary of Japanese electronics giant TDK will create 250 new jobs in Szombathely. The Hungarian government is providing HUF 6.6 billion (around a quarter of the total investment costs) to develop a business unit to manufacture sensors for electric cars. TDK, one of the world's leading electronics […]
