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Power Distribution Provided by Siemens in Dürer Park

D&T
May 29, 2024

The company has been commissioned to supply more than 150 low-voltage power distribution units for new offices in the residential and office building development Dürer Park located next to the City Park in Budapest. As part of the Dürer Park project, a 3.7-hectare area adjacent to Ajtósi Dürer Avenue in District XIV is being completely […]

Hungaroring: First Phase of the Renovation Completed

D&T
May 29, 2024

The first phase of the renovation work on the Hungaroring race track east of Budapest has been completed, with a spectacular transformation of the paddock and the spectator area behind the main stand. According to the website of the facility hosting the Hungarian Formula One Grand Prix, the last five months have seen the focus […]

January-April: Some 10 Mn Tourism Nights in Hungary

D&T
May 29, 2024

While visitors spent some ten million tourism nights in Hungary in the first four months of the year, the number of tourism nights in April decreased by 4.7% and that of tourist arrivals in the same month was down by 1.3% compared to a year earlier, the country's Central Statistical Office reports. In April 2024, […]

New Schneider Electric Factory in Dunavecse Inaugurated

D&T
May 28, 2024

The new climate-neutral plant will be the French company's fifth factory in Hungary, where it will produce medium-voltage devices for electrical distribution equipment. The investment, worth a total of HUF 31 billion and supported by Hungarian taxpayers through a government decision to the tune of HUF 4 billion, is expected to create five hundred new […]

MNB: Hungarian Banking System Remains Stable

D&T
May 28, 2024

The Hungarian banking system remains stable and its resilience to shocks is strong, but after last year's outstanding profitability, its profits will decline in 2024, Bálint Dancsik, head of the National Bank of Hungary's (MNB) Financial Stability Report, said on Tuesday. Last year's outperformance in profitability was mainly due to the high interest rate environment […]

Eco-First and Mol sign a service contract

D&T
May 27, 2024

Eco-First Ltd, a wholly-owned subsidiary of Alteo, and Mol Plc. have signed a long-term service contract for the utilisation of high inert natural gas, Alteo Energy Services Plc. announced on the website of the Budapest Stock Exchange (BSE) on Monday. Under the 10-year contract, Eco-First will be responsible for preparing the high-inert gas extracted by […]

Budapest Airport Runway Run Again This August

D&T
May 27, 2024

On August 31, Budapest Airport, the operator of the Hungarian capital’s Ferenc Liszt International Airport, will launch its 12th charity run, which has been open to civilians, besides aviation employees, since last year, the company says in a statement. Athletes taking part in the Runway Run can run their chosen distance on runway I at […]

Manager of the Year Awards Presented

D&T
May 27, 2024

The Hungarian Association of Executives has held the Manager of the Year Awards for the 29th time and the Manager of the Year Award 2023 has been awarded to Radovan Jelasity, CEO of Erste Bank. The Hungarian Association of Executives awards the prize to an outstanding top manager on the basis of his or her […]

BUX Index Rose This Week on Rising Turnover

D&T
May 26, 2024

The Budapest Stock Exchange (BSE) share index, the BUX, closed the week at 68,846.13 points, up 757.89 points or 1.11% on the previous Friday, MTI reported Sunday morning with a brief analysis of the week’s trading. Although only four trading days were held during the week due to the Pentecost holiday, the total turnover of […]

BMW Group Hungary: 20th Anniversary

D&T
May 25, 2024

The factory-owned subsidiary, which represents the BMW and MINI brands in Hungary, was founded in spring 2004, the company says in a press release. Over the past twenty years, the company, now operating under the name BMW Group Hungary, has enjoyed almost uninterrupted growth in sales and after-sales service, building a nationwide dealer and service […]

Capacity Expansion Investment at Hell Energy

D&T
May 24, 2024

Hell Energy's HUF 80 billion capacity expansion investment in Szikszó, NE Hungary, has been inaugurated, creating 240 new jobs and strengthening the soft drink company's leading position in several countries around the world, according to a statement by the Ministry of Foreign Affairs and Trade. At the handover ceremony of the HUF 80 billion joint […]

CallComm Strengthens Presence with New Office

D&T
May 24, 2024

CallComm Plc. has inaugurated its new office in Nyíregyháza (NE Hungary), located within the local university building. This EUR 2.7 million investment has created 100 new jobs and launched professional and foreign language training programs for 150 employees, paving the way for the company's future international expansion, the Hungarian Investment Promotion Agency (HIPA) reports. Founded […]

Hungarian Joins Board of European Festivals Association

D&T
May 24, 2024

Natália Oszkó-Jakab, co-chair of the Hungarian Tourism Program Foundation and head of the Valley of Arts Festival, has been elected to the Board of the European Festivals Association, alongside the directors of the Ravenna and Edinburgh Festivals. This will enable the representation of the interests not only of Hungary, but also of the Central and […]

Hungary's Monetary Maneuvering: A Narrowing Path Ahead

D&T
May 24, 2024

In a move mirroring April's decision, the National Bank of Hungary once again trimmed key interest rates by 50 basis points this week. However, the monetary policy outlook beyond June remains clouded in uncertainty, with the central bank's cautious and patient approach suggesting a narrowing margin for further easing maneuvers. One more rate cut is […]

UNITED - Passion, Show & Party

D&T
May 23, 2024

The 'UNITED - Passion, Show & Party' is an exclusive evening that promises to capture the essence of passion, entertainment, and style. Set against the stunning backdrop of Budapest, this event offers a perfect blend of business and pleasure, fashion and festivity, according to the organizer ITL Group. Themed 'United by passion for enterprise', the […]

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