Extreme climate and weather events are becoming more frequent and severe. The cost of the resulting damage and losses is USD 16 million per hour globally. A significant part of this stems from our lack of understanding of nature’s interconnections. Our current systems and infrastructures are no longer sufficient to handle these challenges – we […]
The BMW brand increased its sales in the Hungarian new car market by 18.8% in the first half of this year compared to the same period last year, with 3,286 models sold, the Bavarian brand continues to maintain its first place in the premium segment - BMW Group Hungary informed MTI in a statement. The […]
The Budapest Stock Exchange (BÉT) leading stock index, the BUX, exceeded the 100,000-point closing value for the first time, reaching a new historic milestone for the domestic stock exchange. The index, which started at 1,000 points in 1991 and has since grown a hundredfold, tracks changes in the prices of domestic stocks with the largest […]
Most of the companies desire and plan technological developments, viewing digitalization as crucial for increasing competitiveness, but the prevalence of automation and Industry 4.0 solutions remains low. that is according to a recent study, commissioned by Siemens Hungary Plc., that surveyed decision-makers of Hungarian small and medium-sized manufacturing enterprises (SMEs) about their development plans. Almost […]
The Hungarian government will provide up to $443 million (150 billion forints) annually in interest subsidies to first-time homebuyers as part of a new housing support programme, Prime Minister Viktor Orbán’s administration announced this week. The measure, which comes less than a year before a high-stakes general election, is aimed at easing access to home […]
CBRE, the world's largest real estate consulting firm, has opened an office in the SE Hungarian city of Szeged, CBRE Hungary Managing Director Lóránt Kibédi-Varga announced on Thursday in the city. The Managing Director stated that Szeged is a dynamically developing city with many Hungarian and international companies present. CBRE's position is that it can […]
China’s BYD, the world’s largest electric vehicle manufacturer is set to further expand its presence in Hungary by yet another major investment aiming at the production of electric trucks, the Hungarian Investment Promotion Agency (HIPA) reports. The EUR 75.7 million investment will add a 29,000-square-meter facility to BYD’s electric bus factory in Komárom – 90 […]
On André Kertész's 131st birthday, the Capa Center launched a new digital platform for its permanent exhibition dedicated to André Kertész. The website features curatorial texts, photographs of artworks and interiors, audio recordings, and a complete list of the Szigetbecse collection, helping visitors and those interested in the artist to delve deeper into his oeuvre. […]
Zwack Unicum Plc. informed its shareholders on the website of the Budapest Stock Exchange this Wednesday that the personnel changes in the Management of the Company that were projected in the company's announcement of January 21, 2025 –including a change in the position of CEO – have taken place. Chief Executive Officer Frank Odzuck and Deputy Chief […]
In its WittyLeaks series, Diplomacy and Trade regularly publishes the personal accounts of ambassadors and other mission leaders accredited in the Hungarian capital on their experiences on 'excursions' into Hungarian culture, art, gastronomy, customs, scenery, etc. This time, the Irish ambassador explains how baking binds Budapest and Dublin. Arriving on post, a new diplomat can expect to […]
The Hungarian subsidiary of German biotech company Verbio, XiMo is set to build its first industrial-scale facility in the country, leveraging its co-founder’s Nobel Prize-winning research in sustainable chemistry, the Hungarian Investment Promotion Agency (HIPA) reports.. The EUR 27.7 million investment launched in Gödöllő – 30 kilometers from the capital Budapest – will further strengthen […]
Logistics service provider HGL signed a lease agreement for another 10,000 sqm in the HelloParks industrial real estate developer’s Maglód megapark, just SE of Budapest. A statement released this Tuesday says the dynamically-growing logistics service provider started operations last year on 5,000 sqm in the MG1 warehouse of the industrial and logistics park located near […]
Thyssenkrupp Steering and L&T Technology Services have entered into a strategic partnership and will jointly establish a global software development center in India, the two companies announced on Monday in Budapest. In a joint statement sent to MTI, the two companies said that the partnership is a milestone for them in the implementation of modern […]
Kärcher has opened a state-of-the-art service and logistics center in Biatorbágy, just southwest of Budapest. The center was officially inaugurated this Monday. Anna Éber, managing director of Kärcher Hungary, which sells and services various cleaning systems, said at the event that the center, which was built with a HUF 50 million investment, represents a new […]
The National Bank of Hungary (MNB) is issuing collector coins named ‘Szent László király’ (Ladislaus I of Hungary) with a face value of HUF 500,000, in one ounce of fine gold; HUF 20,000 in one ounce of fine silver and a non-ferrous metal version with a face value of HUF 3,000 as part of the […]
