Vitesco Technologies, which was formed by the transformation of the Powertrain division of Continental, established a 7,000 sqm automotive-electronics manufacturing plant in Debrecen, E Hungary with a greenfield investment. With the implementation of the project of more than EUR 116.6 million creating 450 new jobs and applying Industry 4.0 solutions, a new and unique production […]
The world's largest Bosch power tool plant, located in Miskolc, NE Hungary, and at the same time the company's European battery manufacturing competence center, is expanding with a new production hall. In the 20,000 sqm hall now inaugurated this week, wireless power tools and associated batteries for DIY and gardening enthusiasts are manufactured, and this […]
The stock index of the Budapest Stock Exchange (BSE) rose on a downward trend this week, closing at 48,461.47 points on Friday, 343.75 points, 0.71% higher than the previous week's close, the state news agency MTI reported this Sunday. Turnover on the stock market was HUF 45.75 billion, compared to HUF 67.14 billion last week. […]
Around 15,000 people took part in Saturday's I Bike Budapest cycling parade, which was held again after a year and a half of forced suspension, the organizing Hungarian Cycling Club told the state news agency MTI. the number of participants is based on estimates by the Club and police. The Hungarian Cyclists' Club is sending […]
The event entitled The Global 'Entangoment' of Central Europe is organized by the Institute of Advanced Studies Kőszeg (iASK) and the Institute for Social and European Studies (ISES), in cooperation with the University of Pannonia, the UNESCO Chair in Cultural Heritage and Sustainability in Kőszeg under the patronage of the Hungarian National Commission for UNESCO. […]
The Hungarian Dance Academy have joined forces with DVM group, the company responsible for the reconstruction of Dreschler Palace, to evoke the atmosphere of the former Ballet Institute and to pay homage to a building whose name is still eponymous with ballet within the framework of a unique cultural project. The open-air installation entitled ‘The […]
A large-scale series of developments spanning several years and including the maintenance of the airport taxiway system is under way. This year, as part of the work phase lasting until the fall, taxiways P1-P3, L, R and Q will be refurbished, thus facilitating the safe, efficient and long term handling of the increasing traffic. As […]
The National Bank of Hungary hiked interest rates this week, becoming the first monetary authority in the European Union to start monetary tightening as it seeks to tame inflation in the aftermath of the COVID pandemic. The bank indicated it would continue to raise borrowing costs due to inflation risks. The Monetary Council of the […]
According to Skanska’s survey, nowadays, nearly half of office workers in CEE countries go to the office every day, and now they have specific preferences regarding their workplace. These include a quiet space and high office standards (e.g. safety, relaxation, working in open air) which are most frequently indicated key factors in the region that […]
The amount of claims paid out due to Covid exceeded HUF 700 million in Aegon Insurance's life and accident insurance portfolio. As a result of the coronavirus, the terms and conditions of the insurance policies have been significantly modified in some areas for the benefit of the customers. A press release by the company says […]
In its latest publication, the National Bank of Hungary (MNB) presented and summarized its responses with which was able to successfully handle the crisis caused by the coronavirus pandemic. Governments and central banks have responded with historical scale crisis management measures to the pandemic broke out in early 2020. The former launched a number of […]
Hungarian biochemist Katalin Karikó and her fellow researchers Drew Weissman, Philip Felgner, Uğur Şahin, Özlem Türeci, Derrick Rossi and Sarah Gilbert are to receive this year's Princess of Asturias Award for Technical and Scientific Research for their achievements in developing a vaccine against the SARS-CoV-2 coronavirus, the cause of the COVID-19 pandemic. According to a […]
Domestic electricity consumption has soared to record levels in the heatwave, and in the coming days the summer peak load on the Hungarian electricity system could be broken again, the financial website portfolio.hu reports. Looking at the summer of 2021, it was for the first time this Monday at noon that the national system load […]
After an unprecedented rise in April, the GKI economic sentiment index continued to as-cend in May and June, but most recently only within the statistical margin of error. This brings the index back to its level at the beginning of last year preceding the pandemic. According to a survey conducted by GKI Economic Reserarch Institute […]
On the occasion of the Victory Day of the Republic of Estonia, the country's ambassador to Hungary, Kristi Karelsohn hosted a garden partyin the garden of the Embassy in the Buda Hills this Tuesday. Attended by dozens of fellow ambassadors and other guests, the event was the first major diplomatic reception in Hungary after the […]
