Preparatory processes related to the construction of the BMW Group's future plant in Debrecen, E Hungary have reached another important milestone: after the successful land preparation works commissioned by the city of Debrecen, the BMW Group will officially take over the area by the end of May, according to a press release by BMW Hungary. […]
Life is slowly returning to airports from May; aviation has restarted in several European countries, amidst heightened safety measures. From May 1, traffic has resumed at Budapest Airport as well, albeit only gradually, as more and more airlines announce the relaunch of flights to Budapest. According to the latest Airport bulletin, the coronavirus pandemic had […]
Total revenues at the Magyar Telekom Group in the first quarter of 2020 amounted to HUF 159.333 billion, which is 0.2% higher compared to the corresponding period in 2019, according to the Group’s latest financial report. The operating profit in the first three months of the year was HUF 12.723, 1.1% more than a year […]
Hungary produced the largest increase in new passenger car registrations in the first quarter of 2020 among the member countries of the EU and EFTA in the alternatively powered vehicles (APV) category that includes all vehicles not running on petrol or diesel (that is, electric chargeable, hybrid and other alternative powered ones. According to the […]
Hungary's OTP Bank Plc. has announced that the summary of its first quarter 2020 results has been prepared on the basis of its non-audited separate and consolidated IFRS financial statements for March 31, 2020 or derived from that. Q1 2020 results were shaped mainly by the surging risk costs due to the assumed negative impact […]
There is ample scope for a ‘green’ recovery of the Hungarian economy. That is the conclusion drawn by the National Bank of Hungary (MNB), which, at the end of March, initiated a call for consultations with environmental experts, non-governmental organizations and institutes on the environmentally sustainable restart of the economy following the epidemic caused by […]
Developed by the Hungarian company ID&Trust, the solution 'GoodID COVID-19 Green', which is being tested for the first time at the Róbert Private Hospital in Budapest, is making its debut these days. Thanks to this, one can get a free digital certificate about the result of the coronavirus test performed by the healthcare institution. The […]
Sales and profit grew well above analysts' expectations in the first quarter of this year for the Hungarian pharmaceutical company Richter Gedeon Plc. The firm achieved a consolidated after tax profit of HUF 29.1 billion, which is 34.6% higher than in the same period of the previous year, and its sales revenue increased by 16.3% […]
Qatar Airways has announced that it will begin a phased approach to expanding its network in line with passenger demand evolution and the expected relaxation of entry restrictions around the world. It is going to operate again from June 2020 between Budapest and Doha three times a week. A press release by Qatar Airways says […]
"In light of the current situation, we will be delaying a number of projects, like the plant in Hungary. Other projects will be carefully reconsidered. Now, more than ever, our investments need to be targeted and based on sound judgement," Nicolas Peter, Member of the Board of Management of BMW AG has announced. A press […]
Unilever Hungary will be expanding its household chemical goods production facility in Nyírbátor, NE Hungary with an investment of EUR 42 million (now cca HUF 15 billion), adding 30 new jobs to the existing 300. One of the most modern European plants of the British-Dutch parent company expands the floor area of its home care […]
Flisom, a developer and manufacturer of photovoltaic (PV) thin film solar cells, located near Zurich, Switzerland, has chosen Kecskemét, southeast of Budapest for the location of its first plant of industrial capacity. The Swiss technology company is going to produce ultra-thin, light and flexible solar cells using the most modern technology available. The 50 MW […]
The European Commission has issued a practical guide to facilitate the free movement of priority workers and frontier workers between EU member states. The Commission thus supports governments in creating the conditions under which cross-border commuters can cross borders, where appropriate, without circumventing controls, with proportionate health measures. It is a positive development in this […]
Wizz Air CEO and co-founder József Váradi donates over GBP one million for scholarship programs at the University of London where he completed his LLM postgraduate academic degree in 2014, specializing in International Business Law. "The Váradi Scholarships, open to all University of London flexible and distance learning programs, will offer up to 100 scholarships […]
Ferenc Liszt International Airport has lost more than 99% of its passenger traffic in April, on account of the crisis caused by the coronavirus pandemic and thus, headcount reduction among the employees has become inevitable, according to a statement by the facility's management company Budapest Airport. The document says that since the beginning of the […]
