From April 2025, the Ecser distribution center of global home furnishings retailer JYSK will become the seventh country to supply 91 stores in Austria, and from June, online orders will be processed in the neighboring country. More than 11,000 products are stored at the Ecser center (just south of Budapest), and the utilization of the […]
According to PwC's latest research, AI (artificial intelligence) could add one percentage point per year to the economy's growth rate over the next decade, comparable to the growth rate of the world's industrialization in the 19th century. Cross-sector transformations and leveraging the business value of AI are the focus of Value in Motion, which also […]
The PLMA World of Private Label International Trade Show has opened in the Dutch city of Amsterdam – an event becoming increasingly popular among retailers and manufacturers looking for new business opportunities and partners in the private label market. Twenty Hungarian food companies are presenting themselves to an international audience at the trade fair in […]
MBH Bank closed the first quarter with a stable high profitability: its total assets grew by almost 8.8% year-on-year to more than HUF 12,824 billion, the adjusted pre-tax profit of the banking group amounted to HUF 67.9 billion, and its adjusted return on equity reached 20.5%, the company told MTI on Wednesday. They added that […]
12 hotels across Hungary have joined the Munch food-saving platform: ten hotels in Budapest and two in the countryside are currently participating in the anti-waste initiative. The hotels in the capital have saved a total of 6,000 kg of food. According to a 2018 study, hotels produce 79,000 tons of food waste every year, accounting […]
Hungarian budget airline Wizz Air has announced in a press release the delivery of its first-ever Airbus A321XLR, marking a historic milestone for the airline as the world’s first Ultra Low-Cost Carrier (ULCC) to offer extended range intercontinental flying with the new aircraft. According to the statement, this cutting-edge aircraft, the latest evolution in Airbus’ […]
Salgótarján, northern Hungary, hosted this week the latest venue of the Pensioners' Academy organized by Provident Financial Ltd. in cooperation with Semmelweis University. This was the first event in a series of two-day programs aimed at providing seniors with useful information on healthy lifestyles and financial awareness. The second event will take place on May […]
PowerPak Ltd., a company engaged in the mixing and packaging of cosmetic, care and chemical household products, has built a new plant and warehouse in Göd, just north of Budapest, with HUF 5 billion, the company told MTI. According to the statement, the development will enable the company to serve the growing needs of its […]
The number of job opportunities offering some form of home-based work has increased by 7% since May last year compared to the previous year, according to the latest analysis by Profession.hu. According to a summary sent to MTI on Tuesday, looking at the jobs advertised over the past year, the most common atypical form of […]
Danubius Hotels Plc. places great emphasis on the continuous renewal of its properties, having spent approximately HUF 35 billion on renovations and modernization over the past five years. This year, the transformation of Danubius Hotel Helia in Budapest has been completed, while refurbishments continue across several other hotels in the chain, according to a press […]
Despite a volatile macroeconomic environment, AutoWallis Group increased its revenue by more than 20% to reach HUF 107 billion in the first quarter while the company’s EBITDA dropped to HUF 3.3 billion, primarily because of the unfavorable operating environment. This record revenue was primarily driven by recent acquisitions and business development initiatives, the company says […]
More than half of adults feel overwhelmed by being on social media platforms, according to a recent survey by HEINEKEN. A new advertising campaign from the globally popular beer brand is calling attention to the fact that ever-increasing screen time is draining social batteries, and online communication is slowly taking the place of real-life encounters. […]
Hungarian movie director István Szabó was awarded the Lifetime Achievement Tribute by the International Federation of Film Critics (FIPRESCI) on Friday evening at the 78th Cannes International Film Festival, before the screening of the restored version of his film 'Sunshine'. The 4K resolution digital version of the Hungarian film classic, shot 25 years ago and […]
Since the start of Audi Q3 production in Győr in 2018, one million units of this successful model have been produced, Audi Hungaria said in a news release. Since its foundation in 1993, Audi Hungaria has produced more than 45 million engines and more than two million vehicles in Győr, NW Hungary. Production of the […]
Geopolitical risks, economic sanctions and exchange rate volatility – it's not an easy situation for treasury experts today. 96% of them see cash and liquidity management as their top priority, and 80% see effective management of financial risks, according to a survey of more than 100 Hungarian treasury professionals conducted by PwC Hungary in 2024. […]
