The Hungarian company Masterplast turns from a classic construction firm into a company that is increasingly focused on the insulation industry and has strategic positions in the healthcare industry as well, CEO Róbert Nádasi told the business daily Világgazdaság. With the acquisition of a German plant in Aschersleben, near Leipzig, last year, Masterplast also took […]
15-year-old Zsófia Strasszer of the Károly Keleti Vocational Secondary School in Budapest won the financial literacy competition 'European Money Quiz' hosted by the European Banking Federation (EBF). According a report by EBF, 13-15-year-old students from secondary schools across Europe have had their financial literacy challenged in the online contest European Money Quiz’s Final. The European […]
Turnover data at Vivre, an online retailer for home and lifestyle in Central and Eastern Europe, show important changes in consumer behavior in the year after the pandemic outbreak (March 2020 - March 2021) compared to the same period last year. This change was observed of Vivre customers in all nine countries where the company […]
In Diplomacy & Trade’s Witty Leaks series, diplomats give their personal account of the experiences of their “excursions” to Hungarian culture, art, gastronomy and landscape. This time, it is about similarities between Hungarians and Kazakhs in the past and in the present. In October 2019, arriving as my country's Ambassador Extraordinary and Plenipotentiary in Budapest […]
1,936 new infections have been reported in the past 24 hours, bringing the total number of identified infections to 771,454 since the beginning of the outbreak, according to the government website koronavirus.gov.hu. 176 patients have died, bringing the total official number of deaths to 26,801. The last time the number of patients who died within […]
The Academy for Women Entrepreneurs (AWE) program has arrived in Hungary to help 30 rural women with business ideas and start-ups to launch their own companies. Participants will receive a 10-month business training course, during which they will learn the skills and knowledge of entrepreneurship and even create a business model for their own company. […]
The Mercedes-Benz plant in Kecskemét, East Central Hungary has modified its production program until the 17th calendar week due to supplier difficulties, the company told the business daily Világgazdaság. The calendar week referred to is the one from 26 April to 2 May, however, the local news website reported that the car manufacturing plant was […]
The National Bank of Hungary (MNB) has published its new supervisory recommendation for credit institutions on climate-related and environmental risks. The aim of the recommendation is to raise awareness among Hungarian banks and to improve their preparedness for climate-related and environmental risks as well as for the related new regulatory challenges. The document, applicable from […]
The oldest person in Hungary, Veronika Zsilinszki, died this week at the age of 113, the national news site telex.hu reports quoting the website of the southern Hungarian town of Baja. Veronika Zsilinszki was born on 4 February 1908 in Kevevara, Vojvodina (then Austria-Hungary, now Serbia), from where she moved to the town of Baja […]
The Japanese firm Nissin Foods, which makes instant pasta dishes, is expanding its capacity in the east-central Hungarian city of Kecskemét. During the project, new machinery and equipment will be installed in the plant and the storage area will be expanded. The project of EUR 12 million to be realized by 2024 creates 20 new […]
In the current situation dominated by the coronavirus pandemic, the simple observer – at first glance - may think that the economic downturn (or in some cases, freefall) caused by COVID has taken its toll on the world of startups and on venture capital markets as well. Despite the troublesome circumstances, the truth is that […]
The pandemic caused the deepest economic disruption worldwide since World War II, triggering severe disruptions in both supply and demand. The way ahead is extremely uncertain but there are signs that the stars may align for the global economy after the COVID-19 crisis. Despite unprecedented pressure and high levels of uncertainty, the global corporate community […]
Hungarian writer László Krasznahorkai was awarded the Austrian State Prize for European Literature this year. Krasznahorkai's "novels and short stories, written in a unique style, with an impressive visual expressiveness, uninhibited in their search for real and surreal scenes, with cool irony and a keen mind, are well thought out, perfectly written and clearly composed", […]
Antal Dreher’s legacy over the past 166 years shows the spirit of a company that is always renewable and mindful of sustainability. The family company, the brand, the factory survived the crises of the 20th century. The large-scale brewery in Kőbánya (Budapest’s District 10) is one of the largest and best-known companies in Hungary today, […]
The number of daily deaths of Hungarian patiens infected with the new coronavirus is has again been over 200 in the past two days. By Thursday morning, another 214 Hungarians died, increasing the official number of COVID-19 related fatalities to 26,001 in this country. In the past 24 hours, 3,607 new infections have been registered […]
