According to data from MAVIR, Hungary's energy management company, the total installed capacity of renewable energy producers in Hungary exceeded 9,000 megawatts by the beginning of September, the Ministry of Energy announced on its official Facebook page on Monday. Solar systems lead the way with 8,116.5 megawatts, followed by biomass-biogas (444.5), wind (325.1), water (62.49), […]
The Budapest Stock Exchange (BÉT) share index declined amid rising turnover this week, with the BUX closing at 100,198.56 points on Friday, down 1,001.28 points, or 0.99%, from a week earlier. Weekly turnover was HUF 101.33 billion, following HUF 81.41 billion the previous week, with leading shares weakening, except for OTP. On Monday, investors began […]
This Saturday, athletes took over runway I of Ferenc Liszt International Airport once again: the airport operator Budapest Airport, part of the VINCI Airports network, organized the Runway Run, the traditional charity race of the aviation community for the thirteenth time. As in previous years, one hundred percent of the entry fees is donated to […]
Masterplast Plc. has informed investors on the website of the Budapest Stock Exchange that its subsidiary, Masterplast Hungária Ltd. concluded a contract on September 19 with the energy trade firm MVM Next Energiakereskedelmi Plc. with a term of more than 10 years on "the transfer of certified energy savings under a framework agreement”. Under the […]
In H1 2025, the PannErgy Group focused mainly on the successful commissioning of the third production well of the Miskolc Geothermal Project. Primarily due to this successful integration, PannErgy achieved record heat input in Q1 2025, exceeding both base quarter heat sales and the target for the period, the company has reported on the website […]
Singapore-based advanced materials manufacturer Vulcan Shield Global (VSG) is set to start a series of high-tech investments in the southeastern Hungarian city of Békéscsaba, according to a statement by the Hungarian Investment Promotion Agency (HIPA). The specialist of extreme heat-resistant advanced alumina fibre products will implement three large-scale investments in the capital of Békés County, […]
The British International School of Budapest are delighted and proud of the outstanding results achieved by their graduating class of 2025. Our entire school community – students, teachers, parents and Leadership – are truly proud of the impressive outcomes achieved in the IB Diploma programme. Our average score of 34.4 points significantly exceeds the global […]
The United States has restored full access for Hungarian citizens to its visa-waiver program, rolling back limits introduced under the Biden administration. From September 30, Hungarians will once again be able to apply for Electronic System for Travel Authorization (ESTA) visas valid for two years and multiple entries, US Homeland Security Secretary Kristi Noem announced […]
AutoWallis' wholesale division has expanded with the addition of Xpeng vehicles, and the Chinese manufacturer also held its regional launch in Budapest, AutoWallis announced in a statement sent to MTI on Thursday. Xpeng is launching its models simultaneously in three markets: Hungary, Croatia and Slovenia. AutoWallis and Salvador Caetano's joint venture will handle import duties […]
More than 80% of domestic consumers care whether they buy Hungarian or foreign products, with 38% considering it particularly important, according to a new survey. One-third of consumers look for Hungarian brands and prefer them over foreign brands, one-third of shoppers look for Hungarian brands and prefer them over foreign brands, according to a nationally […]
Debrecen-based Sz. Variáns Ltd., which has been manufacturing high added-value, premium boxes, printed products and paper-based packaging materials since 1994, has multiplied its turnover and increased its profitability by more than 60% over the past decade, the company announced in a press release. The dynamically developing Hungarian family business, which now employs 75 people and […]
The Hungarian economy may accelerate next year, with GDP growing by 2.8% according to the latest analysis presented by Equilor Investment Ltd. at a press conference on Thursday. Senior analyst Zoltán Varga said that the Hungarian outlook is most affected by the weakness of the German economy and the global uncertainty caused by the trade […]
Budapest-based real estate investment and asset management company Indotek Group announced today that it has purchased a EUR 43.5 million portfolio of 524 residential and commercial properties in Spain. The deal was structured as a transaction involving both non-performing loans (NPLs) and real estate. The acquisition is a strategic milestone in Indotek's expansion in Iberia […]
Sweet yet bitter, a deep red classic cocktail topped with an orange slice – the Negroni. It is one of the most popular drinks worldwide. The International Negroni Week will once again be celebrated and Spago Budapest is joining the initiative in the second half of September. For one week, guests can enjoy a special […]
The Chinese car brand BYD's share of the Hungarian electric vehicle market is approaching 14% this year, BYD Hungary told MTI. The brand, which launched in Hungary in 2023, sold 1,180 passenger cars and light commercial vehicles in the first eight months of this year. The brand, which entered the Hungarian market in 2023, sold […]
