Hungary has reached an agreement with Ukraine to supply natural gas to its northeastern neighbor with guaranteed capacity from January 1 next year, Serhiy Makokhon, CEO of the Ukrainian Gas Transmission System (HTS) has announced. The Ukrainian side signed a cooperation agreement with the Hungarian gas transport company FGSZ on the guaranteed supply capacity. Under […]
The commercial part of Horizon Development’s LEED Platinum certified premium mixed-use Budapest downtown property; Szervita Square Building was purchased by Union Investment for one of its institutional real estate funds. The parties agreed not to disclose details of the purchase price. Ádám Irányi, Head of Investment Management Office, Europe, reflected on the benchmark deal by […]
In October 2021, the volume of exports was 10% and that of imports 5.6% smaller than in the same period of the previous year. Compared to October 2019, the volume of external trade declined by 6.1% in exports and by 5.0% in imports. The deficit was EUR 302 million, the balance deteriorating by EUR 1.2 billion compared to a year earlier. […]
Shell's goal in Hungary is to deliver more and cleaner and cleaner energy solutions together with its customers and society. To expand its domestic fuel portfolio, Shell Hungary Plc. has acquired an LNG filling station along the M0 motorway. This is planned to be the first such station in its national network of filling stations […]
Funding from the European Investment Advisory Hub (EIAH) will enable Magyar Fejlesztési Bank (MFB) to support the preparation of investment projects in key sectors, such as information and communication technologies (ICT), the environment and resource efficiency. The European Investment Bank (EIB) — the bank of the European Union — and Magyar Fejlesztési Bank ('Hungarian Development […]
By Tuesday, the new coronavirus had been detected in 1,985 people, bringing the total number of people infected with the virus in Hungary to 1,230,385, according to official figures. 132 coronavirus patients have died and thus, the death toll of the epidemic has risen to 38.028. Tuesday is typically a lower day of the week […]
Indian-owned automotive supplier Motherson Group has invested around EUR 16 million to develop its Hungarian sites in Győr, Mosonmagyaróvár, Mosonszolnok and Túrkeve, and has expanded its Kecskemét plant with a new hall. More than a third of the investment will be covered by Hungarian taxpayers due to a government decision. The new hall, which was […]
Surpassing all previous Hungarian auction records, Tivadar Csontváry Kosztka's painting ‘Mysterious Island’ sold for HUF 460 million at the Judit Virág Gallery's auction in Budapest. The Mysterious Island, painted in 1903, is one of Csontváry's most mysterious works, the meaning of the title has still not been deciphered by art historians. The painting reached a […]
The data published Monday morning are a little better than a week ago, but they are only a sign that the fourth wave is slowly coming to an end. In the past three days, nearly 40,000 people have received their third vaccine in Hungary, and there were almost 18,000 more who have just had their […]
A HUF 996 million EU-funded research program on autoimmune diseases has been completed at the Biological Research Center of Szeged and the University of Szeged, the Center informed the state news agency MTI. The five-year project aimed to increase knowledge about autoimmune diseases using state-of-the-art technologies. The research investigated the mechanisms underlying the development or […]
The stock index of the Budapest Stock Exchange (BSE) fell this week, closing at 50,887.3 points on Friday, 189.31 points or 0.37% lower than a week ago, the state news agency MTI reports. Turnover on the stock market was HUF 60.85 billion, up from HUF 42.87 billion last week, with leading shares performing mixed. In […]
Budapest Airport Plc. has concluded its first ESG-based financing agreement, i.e. one that is responsible from an environmental, social and corporate governance perspective, which is unique among airports not only in the region, but also in Europe, a company press release says. The operator of Budapest Airport is fully committed to ensuring sustainable operations, and […]
Dutch-owned logistics service provider Raben Trans European Hungary Ltd. has opened two new warehouses with a total area of about 40,000 square meters in Pécs and Dunaharaszti, the company informed the Hungarian state news agency MTI. The Dunaharaszti-based company, which with the new developments now has a warehouse capacity of 70,000 square metres at five […]
MetMax Europe Plc., a metalworking company, has founded a new site in Töltéstava, NW Hungary. With a total investment of EUR 14.5 million retaining 132 jobs and creating 50 new ones, production equipment was purchased for the new plant and storage facilities of nearly 10,000 square meters. Anout one third of the investment costs are […]
As a result of the Kingdom of Saudi Arabia's successful cooperation with 15 Arab countries under the auspices of the Arab League Educational, Cultural and Scientific Organization (ALECSO), 'Arabic Calligraphy: knowledge, skills and practices' has today been officially inscribed on the UNESCO Representative List of the Intangible Cultural Heritage of Humanity, according to a press […]
