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Green Bond Issued by MFB

D&T
Mar 18, 2024

The first green bond issue by the Hungarian Development Bank (MFB) was met with keen interest: the auction on the Budapest Stock Exchange raised almost HUF 11 billion in funds, which will help finance green investment by businesses, the bank told MTI on Monday. They said that MFB raised a total of HUF 10.8 billion […]

Budapest Wins EU's European Mobility Week Award

D&T
Mar 15, 2024

Budapest has won the European Commission's award for the programs and developments implemented in the framework of last year's European Mobility Week, the Mayor's Office of the Municipality of the City of Budapest announced on Friday. The annual Mobility Week, organized by the European Commission, aims to promote sustainable transport and make it more accessible. […]

'Cancer & Work: Acting Together' at Sanofi

D&T
Mar 13, 2024

The pharmaceutical company Sanofi launched its international program "Cancer & Work: Acting Together" in February. It provides support to employees affected by cancer. The company says in a statement that it is providing social, mental and financial support, with up to twelve months of supplementary pay through a health fund, regardless of job title or […]

Spar Challenges Hungarian Government Tax Move

D&T
Mar 11, 2024

The supermarket chain Spar is to complain to the European Union about a special tax in Hungary, a Financial Times (FT) report is quoted by the Hungarian financial portal portfolio.hu. Spar has accused the Hungarian government of breaking EU law and called on Brussels to intervene to mitigate the "devastating" effects on its operations. The […]

Supporting Diversity in Decision-Making Bodies

D&T
Mar 7, 2024

The Budapest Stock Exchange (BÉT), the Hungarian Business Leaders Forum (HBLF) and the Institute of Directors (IoD) have signed the Memorandum of Understanding (MoU), with which they support diversity in the decision-making bodies of domestic companies. Several organizations expressed their support for the initiative and joined as signatories: the British Chamber of Commerce in Hungary, […]

New Hungarian President in Office

D&T
Mar 5, 2024

As of 00.00 hours this Tuesday, Tamás Sulyok is the new President of the Republic in Hungary. He was elected President by the governing majority of Hungarian Parliament on February 26. He is the seventh President of the Republic since the change of regime in 1990. As his first activity as the new head of […]

Wizz Air to Take Hungarian Olympic Team to Paris

D&T
Feb 28, 2024

Wizz Air will be the official carrier of the Hungarian team to the Paris 2024 Olympic Games, according to a cooperation agreement signed on Wednesday between the Hungarian Olympic Committee (MOB) and the airline. At the press conference held on the occasion of the ceremony, the agreement was signed by Wizz Air CEO József Váradi […]

Hungarian Approval for Sweden's Accession to NATO

D&T
Feb 26, 2024

Hungarian Parliament has voted this Monday to give its assent to Sweden's accession to the North Atlantic Treaty Organization (NATO). Members of parliament approved the law on the proclamation of the accession protocol by 188 votes to 6, with no abstentions. The previously neutral northern European state, together with Finland, applied to join the military […]

First BYD Passenger Cars Purchased in Hungary

D&T
Feb 23, 2024

The first BYD passenger cars sold in Hungary were handed over to their owners in a ceremony attended by BYD's top managers who are in Hungary for the first time. At the ceremony, Michael Shu, Managing Director of BYD Europe, recalled that the company entered Hungary 19 years ago as a bus manufacturer and started […]

Hungarian-Turkish Joint Trade and Economic Committee

D&T
Feb 15, 2024

Trade turnover between Hungary and Turkey reached a record high last year, and the two sides have taken important steps to further strengthen economic relations, Minister of Foreign Affairs and Trade Péter Szijjártó said in a statement issued by the Ministry of Foreign Affairs on Thursday after the inaugural meeting of the Hungarian-Turkish Joint Trade […]

Magyar Posta Greets Chinese New Year with Stamp

D&T
Feb 2, 2024

For the eleventh time, Magyar Posta, the Hungarian Post Office, is issuing a stamp design with motifs of the Chinese horoscope, this time to greet the upcoming period between February 10, 2024 and January 28, 2025, the Year of the Dragon. According to Dr. Barnabás Balczó, Chairman and CEO of Magyar Posta Plc., "just as […]

Provident CEO Joins Sports Foundation Board

D&T
Jan 31, 2024

Provident Financial Ltd., as one of the leading players in the Hungarian financial sector, has previously announced its cooperation with the BOM Foundation for Hungarian Sport. Now, the CEO of Provident, Botond Szirmák has joined the Board of Trustees of the Foundation and pledges his continued support for Hungarian sports. In a statement released this […]

GKI Economic Sentiment Index at 18-Month High

D&T
Jan 22, 2024

According to a survey conducted by GKI Economic Research Co. with the support of the EU, in the first month of the year household expectations improved significantly, while the outlook for the business sector deteriorated within the statistical margin of error compared to December. GKI’s economic sentiment index thus reached an 18-month high. Companies’ employment […]

Beer Consumption in Hungary Declined Last Year

D&T
Jan 22, 2024

Last year, Hungarian beer consumption fell by 10%, from 6.006 million hectoliters in 2022 to 5.4 million hectoliters, with a significant drop in imports and an increase in the share of domestic products, Sándor Kántor, director of the Association of Hungarian Beer Producers, told MTI. Based on the combined data of the five most important […]

Hankook Hungary Continues Successful CSR Program

D&T
Jan 12, 2024

Hankook Tire Hungary Ltd., which has been operating in Hungary since 2007, is one of the country's largest foreign investors, which stands out not only for its economic performance but also for its social responsibility. According to the company's statement, it is important to contribute to improving the quality of life of the people living […]

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