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 […]
Two months after the inauguration of the automotive electronics manufacturing plant in Debrecen, Vitesco Technologies, which was formed by the transformation of the Powertrain division of Continental, decided on yet another large-volume greenfield investment. With its investment of more than EUR 120 million, creating 450 new jobs, the company will double its manufacturing area. Through […]
The production stoppage due to a shortage of spare parts stretched over three weeks. From Monday this week, the Mercedes-Benz factory in Kecskemét, E Hungary, has resumed production, the business daily Világgazdaság reports. The newspaper reminds that the automotive company announced at the end of July that it would take a three-week break in production […]
The first Integrated Geodynamic Station of Hungary and Eastern Europe was inaugurated in Badacsonytördemic, at Lake Balaton in midwestern Hungary this Monday as reported by the website of the Eötvös Loránd Research Network (ELKH). The Budapest-based ELKH Research Institute of Geophysics and Space Science (FI), the Institute's MTA FI Lendület (‘Impetus’) Pannon LitH2Oscope Research Group […]
96 Afghan citizens who were threatened with reprisals following the Taliban takeover of Afghanistan and who had previously cooperated with Hungary and its allies and were evacuated from Afghanistan have arrived at a facility run by the National Directorate-General for Aliens Policing in Röszke, SE Hungary, the Interior Ministry told the Hungarian state news agency MTI […]
