The Hungarian subsidiary of US-based innovative drug developer AbbVie and the Hungarian National Institute of Oncology have signed a strategic cooperation agreement, the parties announced to MTI on Thursday. According to the announcement, the long-term partnership agreement aims to support oncology research and improve domestic oncology care by expanding access to innovative therapies. Cancer is […]
Founded in 1906, Nilfisk is a global leader in the field of professional cleaning equipment and full cleaning systems in the industrial, commercial and consumer markets. The company is headquartered in the Danish capital, Copenhagen with sales entities in 45 countries and dealers in more than 100 countries – one of which is Hungary where […]
The Energy Ministry on Thursday announced the launch of a HUF 38.7 billion interest-free credit scheme to support energy efficiency improvements at microbusinesses and small and medium-size enterprises. Businesses may apply for between HUF 10 million and HUF 500 million of the credit for investments that cut utilities bills by at least 30%. Investments in […]
Hungarian writer László Krasznahorkai was presented with the Nobel Prize in Literature by Swedish King Carl Gustaf XVI at the Nobel Prize Award Ceremony in the Stockholm Concert Hall on Wednesday. In her opening address, Astrid Soderbergh Widding, chair of the Board of the Nobel Foundation, stated that "the prize in literature is awarded to […]
Construction sector orders are level with last year and show no sign of any marked expansion, although home construction could provide a boost, the head of industry association EVOSZ said at a general meeting on Wednesday. László Koji said that an EVOSZ survey showed that the revenue of 60% of construction companies declined in 2025, […]
The multiple award-winning Liget Center development by WING has been honored with the Construction Industry Excellence Award, recognizing the project’s outstanding architectural, heritage preservation and technical achievements. The prestigious accolade was presented on December 10 by ÉVOSZ, the National Association of Building Contractors, Hungary’s leading professional organisation in the construction sector. Among the applicants for […]
Digitalization does not stop during the Advent season: just as in everyday life, electronic payment solutions are replacing cash in fundraising. Mastercard and the Hungarian Interchurch Aid are entering into a strategic partnership to create and promote the technological background for conscious, fast, and secure fundraising. It is no coincidence that the announcement of the […]
Hungarian painter József Rippl-Rónai's portrait of Lajos Kunffy sold for HUF 65 million, while among his contemporaries, Ilona Keserü's painting Landscape fetched the highest price, HUF 40 million, at the Virág Judit Gallery winter auction. According to the gallery's announcement on Tuesday, nearly 200 items went under the hammer at Monday evening's auction, including masterpieces […]
The net profit of the Budapest Stock Exchange (BSE) for the first three quarters of 2025, which includes the BSE's share of the KELER Group's results, is HUF 3.89 billion. The EBITDA value for the the first three quarters of 2025 was HUF 1,252 million, which is 25% higher than the value achieved in the […]
The University of Szeged (SZTE) will be the first in the world to install GE HealthCare's new compact cyclotron, the MINItrace Magnit, which will serve education, research, and patient care, while also strengthening relationships with industrial partners, Rector László Rovó emphasized on Tuesday. At a press conference on the development, the professor of medicine said […]
Around 29% of Hungarian employers plan new hires in the first quarter of next year, a fresh survey by staffing company Manpower Hungary shows. About 20% of companies plan to reduce headcount. Manpower used a representative sample of 525 employers for the survey. Executive manager Péter Varga said the cautiously optimistic expectations of companies predict […]
Hungary's annualized consumer price index stood at 3.8% in November, down from 4.3% in October, according to data released by the Central Statistics Office (KSH) on Tuesday show. Food prices rose 3.2%, but increased just 0.6% excluding the price of eating out. The price of eggs jumped 11.2% and cooking oil prices climbed 10.1%, but […]
For the third year running, Hungary's OTP Bank has made the first place on The Banker magazine’s 'Top 100 CEE Banks' ranking, the Hungarian lender told MTI on Monday. OTP noted that it also made the top place on the national list in Hungary, and its subsidiary DSK Bank took the first place in Bulgaria. […]
Hungary's general government deficit reached HUF 4,070.4 billion at the end of November, 80.5% of the full-year target, the Ministry of National Economy said in a preliminary release of data on Monday. The central budget gap reached HUF 3,904.0 billion and the social insurance funds were HUF 240.3 billion in the red, but separate state […]
The eastern Hungarian city of Debrecen once again demonstrated the exemplary cooperation that characterizes the joint efforts of the city's companies, civil organizations, church communities, and institutions. This social responsibility and cooperation has proven to be outstanding on a national level and has a long-term impact. The Master Good group of companies, founded by László […]
