The complete recycling of smokeless tobacco products such as Iqos devices will be made possible at a center opened by Phillip Morris International (PMI) on Monday near Gyál just SE of Budapest. Apart from Hungary, a similar center only exists in Japan. The US tobacco company chose Hungary because of its location, infrastructure, external relations […]
In the 2nd quarter of 2021 service exports calculated in EUR increased by 21%, while its imports decreased by 3.4% compared to the same quarter of the previous year. The surplus was EUR 1571 million, EUR 983 million more than in the 2nd quarter of 2020. As reported by Hungary's Central Statistical Office (KSH), the […]
Table tennis player Péter Pálos won the second gold medal for Hungary at the Tokyo Paralympic Games, while the country’s third gold at this competition came in the women’s 100-meter breaststroke event that was won by Fanni Illés. Péter Pálos defeated Samuel Philip von Einem of Australia 3 sets to 2 in the final. The […]
A technical base is being developed near Budapest’s Ferenc Liszt International Airport by Sixt, a member of the AutoWallis Group, in the interest of preparing the Group for serving car sharing and even fleet management providers in addition to developing its car rental services. Of the company’s HUF 565 million investment project, HUF 282 million […]
The Danish household goods retail JYSK chain has opened its first large-format, 900-square-meter store in the city center of Budapest. The company is expanding despite the coronavirus epidemic: it currently has 88 stores in Hungary, four of which opened this financial year and three more planned for the next. JYSK employs more than 800 people in […]
Continest Technologies has opened its factory producing foldable containers in Székesfehérvár. The Hungarian-owned company that uses innovative technology will be able to produce 1,200 foldable containers per year in its nearly 4,000-sqm plant. More than HUF 680 million has been spent on the mechanization of the production plant this year, and considerable improvements are planned […]
Production at the Mercedes-Benz plant in Kecskemét is halted due to a shortage of semiconductor circuit components, the state news agency MTI reports. It is not only the German manufacturer's Kecskemét plant, but also the one in RastattGermany will shut down next week, and this week production has already been halted at the Bremen plant […]
Federal Councillor Ignazio Cassis, head of the Federal Department of Foreign Affairs (FDFA), gave an address highlighting Switzerland's foreign policy strategy at the Hungarian Ambassadors' Conference in Budapest this Friday. During the visit, he also held working meetings with Minister of Foreign Affairs and Trade Péter Szijjártó and Minister of Justice Judit Varga of the […]
Opening on August 27, the Museum of Fine Arts – Hungarian National Gallery, Budapest is hosting an exhibition of works by the world-renowned contemporary German master Gerhard Richter, who turns ninety next year. Entitled Gerhard Richter. Truth in Semblance, the show is the artist’s first comprehensive exhibition in Hungary, featuring almost 80 works from Hungarian […]
Compared to July 2020, the number of live births decreased by 5.9% and that of deaths by 1.7%. 9,605 couples got married, which was 28% more than in the same period of the previous year, the Hungarian Central Statistical Office reports. In terms of the trends of vital events in the last twelve months, i.e. […]
The National Bank of Hungary delivered its third interest rate hike in as many months as monetary policy makers seek to slow the rate of price increases. Meanwhile central bank Governor György Matolcsy berated the government’s economic policy and called for a turnaround in competitiveness. The Monetary Policy Council of the National Bank of Hungary […]
Hungary's Amarilla Veres won the women's epée individual - Category A event in wheelchair fencing at the Tokyo Paralympics this Thursday. This is the first paralympic gold for Hungary in fencing since 1996. In the final bout, she faced Jing Rong of China who took a 4-1 lead but the competitor came back to level […]
AutoWallis has purchased an 18,000-square-meter plot of land near Kopaszi-gát, a dynamically developing, frequented part of Újbuda, where the company plans to build a multi-brand vehicle sales and service center encompassing several different brands. The investment project fits in well with the listed automotive company’s dynamic growth strategy. The enormous property suitable for the construction […]
Hungarian vehicle and automotive components manufacturer Rába Plc. closed the first six months of 2021 with a consolidated, group-level sales revenue of HUF 23.7 billion, which corresponds to a significant, 23.4% increase compared to the base period. A statement released by the company says the profitable operation, which was already restored by the end of […]
It is a great recognition that a member of the Hungarian Defense Forces will be the commander of a NATO mission for a year, Major General Ferenc Kajári, who will be the head of the Kosovo Force (KFOR) from the autumn, told the state news agency MTI this Wednesday. At the Hungarian Army Peace Support […]
