In line with its strategic plans, AutoWallis sales set new records in all areas in 2021. The Group is present in 14 countries in the region and tripled its figures from the previous year, selling more than 25,000 vehicles last year. Within this figure, the sales of the Retail & Services Business Unit more than […]
Hotel operator Accent Hotels expects that in 2022, average annual occupancy in some of its hotels will reach – and revenue will far exceed – the record year of 2019, while significantly rising operating costs will eat into the expected additional revenue of the hotels. One of Hungary's largest hotel operators told the state news […]
We must not give in to the temptation to forget, as "common remembrance is the future of all of us," András Heisler, the President of the Federation of Jewish Communities in Hungary (Mazsihisz), said at a commemoration ceremony on Monday to mark the 77th anniversary of the liberation of the Budapest ghetto and the disappearance […]
The Air France Group has recently announced that it commits to setting science-based greenhouse gas emission reduction targets with the Science-Based Targets Initiative (SBTi). The use of sustainable fuel and fleet modernization are two of the elements used to achieve the targets. The Air France-KLM Group has signed a letter of commitment with the independent […]
In the past three days, 21,219 new infections and 270 deaths have been confirmed in Hungary, according to the government website koronavirus.gov.hu. This means that the total number of identified infections since the beginning of the outbreak in this country is 1,348,233, while the 270 fatalities, most of them elderly, chronic patients, bring the total […]
The atmospheric pressure change caused by the submarine volcanic eruption near Tonga was also felt in Hungary, the National Meteorological Service said this Sunday. It was in the late afternoon local time (early morning Hungarian time) on Saturday that a volcanic eruption occurred in the area of the Tonga Islands in the western Pacific Ocean, […]
The stock index of the Budapest Stock Exchange (BSE) rose on rising turnover this week, closing at 52,675.9 points on Friday, 719.16 points or 1.38% higher than a week ago. Turnover on the stock market was HUF 77.70 billion, up from 52.44 billion last week, with the leading shares, with the exception of Richter, gaining. […]
It was announced this late November that Ceva Phylaxia will set up a new vaccine factory along with the associated infrastructure by developing a new site under a greenfield investment in Hungary. As the General Manager of the company, Dr. Zsolt Németh tells Diplomacy&Trade, Ceva Phylaxia is growing and planning to grow. “Investments related to […]
The FAIRway Danube project, which was implemented by six Danube countries with a EUR 19 million grant from the European Network Facility (CEF), has been concluded. Hungary’s National Waterways Directorate (OVF) explained in a press release sent to the state news agency MTI that the project, which ran from 2015 to 2021, aimed to harmonize […]
PannErgy Plc. sold a record 599,490 gigajoules of heat in the fourth quarter of 2021, 5.6% more than a year earlier, the company told the state news agency MTI this Friday. The production report noted, however, that fourth-quarter heat sales were about 3.4% below the quarterly target, mainly due to the Miskolc outage that occurred […]
HCL Technologies (HCL), a leading global technology company, signed a definitive agreement for the acquisition of Starschema, a leading provider of data engineering services, based in Budapest, Hungary. The strategic acquisition will bolster HCL’s capability in digital engineering – driven by data engineering – and increase its presence in Central and Eastern Europe. Starschema provides […]
Hungarian businesses and individuals are not spared by the global rise in cybercrime. In a worrying development, artificial intelligence has now appeared in the arsenal of cyber criminals. Experts warn that vigilance and a highly professional IT system are indispensable if companies are to have a standing chance in this battle. The rise in cyber […]
Kunsági Mill Ltd. in Törökszentmiklós, E Hungary, has improved its milling technology, and a HUF 600 million investment has increased the company's wheat storage capacity by 10,000 tons, the company said in a statement sent to the state news agency MTI on Thursday. According to the information, the company won a non-refundable grant of almost […]
The number of nights spent by domestic guests at commercial accommodation establishments (hotels, boarding houses, camping sites, bungalow complexes and community hostels) in Hungary increased – mainly due to the low base caused by the introduction of pandemic restrictions – more than two-and-a-half-fold in November 2021 compared to the same month of 2020. However, it was 36% […]
The ESSCA School of Management, was founded in 1909 in Angers, in France. Besides the biggest French towns (Angers, Aix-en-Provence, Bordeaux, Lyon, Paris and Strasbourg), the School also has two campuses abroad: one in Shanghai, China and the other one in the Hungarian capital. The Budapest Campus offers professional business education and humanistic values in […]
