Klaudia Pataki, the mayor of Kecskemét, southeast of Budapest, presented Markus Schäfer, a member of the board of Mercedes-Benz AG, with the Key to the City award at a ceremony in the Ministry of Foreign Affairs and Trade in Budapest on Tuesday. Speaking at the ceremony, Minister of Foreign Affairs and Trade Péter Szijjártó called […]
In June 2025, in time for the jubilee 40th Hungarian Grand Prix, the renewed 25,000 m² paddock building and the new 10,000-seat grandstand of the Hungaroring were inaugurated in Mogyoród, based on the designs of DVM Group Ltd. and SAMO Architects Ltd. Together with the pit building completed in an earlier phase of the development, […]
The number of patent applications filed in Hungary climbed 17% in 2024, well over the 4.9% global increase, the Hungarian Intellectual Property Office (HIPO) said on Monday, citing the latest World Intellectual Property Indicators report. The global leaders in patent applications were China, the United States, Japan and South Korea, according to the report. According […]
The real estate development company WING has won this year’s Art is Business Award in the 'Corporate Art Project' category for the creation of Modernism in Pieces, an architectural history exhibition. The pop-up exhibition, held in November 2024, presented the historical, architectural, and art historical significance of the renovated Liget Center in a unique way. […]
Hungarian writer László Krasznahorkai was presented with the Nobel Prize in Literature by Swedish King Carl Gustaf XVI at the Nobel Prize Award Ceremony in the Stockholm Concert Hall on Wednesday. In her opening address, Astrid Soderbergh Widding, chair of the Board of the Nobel Foundation, stated that "the prize in literature is awarded to […]
The multiple award-winning Liget Center development by WING has been honored with the Construction Industry Excellence Award, recognizing the project’s outstanding architectural, heritage preservation and technical achievements. The prestigious accolade was presented on December 10 by ÉVOSZ, the National Association of Building Contractors, Hungary’s leading professional organisation in the construction sector. Among the applicants for […]
Hungarian Nobel laureate writer László Krasznahorkai talked about rebellion, human dignity, angels and hope in his Nobel Prize lecture at the Swedish Academy in Stockholm on Sunday. "The angels of old are no more, there are only the new ones … and, having lost their wings … they walk among us in simple street clothes," […]
Retail sales in Hungary rose 3.1% year-on-year in October, data released by the Central Statistics Office (KSH) on Thursday show. Retail sales also rose 3.1% when adjusted for calendar year effects. Adjusted food sales increased 1.2%, non-food sales climbed 5.2% and vehicle fuel sales edged up 0.6%. Online and mail-order sales volume, which accounted for […]
The University of Szeged (SE Hungary) signed a cooperation agreement with Chinese car manufacturer BYD Auto Hungary on Wednesday. The agreement extends to instruction and research and development. University of Szeged rector László Rovó said the school had made an intensive effort to built up its network of Chinese contacts over the past decade, opening […]
The minister of national economy has decided to limit the number of residency permits issued for guest workers to 35,000 in 2026, level with the number in 2025, the ministry announced on Tuesday. "Hungarian labour remains the priority for the government which is why it will make every effort to put Hungarians in unfilled positions," […]
E.ON Drive Infrastructure (EDRI), Voltix and GreenWay can begin building one of Europe's largest megawatt charging networks with EUR 70.3 million in EU funding. By 2028, the system will serve road freight transport across the continent with a total of 330 charging points at 55 strategic locations, including Hungary, EDRI told MTI on Wednesday. Chargers […]
Listed real estate broker DH Group on Tuesday announced its entry into the Spanish market through the gradual acquisition of local peer Don Piso Group and the establishment of a joint venture to introduce its Credipass financial services in Spain. Under an agreement, DH Group acquired an initial 22.08% stake in Don Piso Group through […]
WING, one of the leading real estate development and investment groups in the Central European property market, has received significant professional recognition. The Hungarian Chapter of the International Real Estate Federation (FIABCI) announced the 27th Hungarian Real Estate Development Excellence Awards Competition this year, where WING’s Liget Center project earned multiple awards. FIABCI, headquartered in […]
Artificial intelligence (AI) is not a promise for the future, but already a competitive factor for Hungarian companies, according to a recent SAP survey of 387 Hungarian middle and senior managers. According to the results, the business benefits of AI are tangible: the vast majority of companies using the technology experience faster decision-making, more efficient […]
Marking World Children’s Day, UNICEF Hungary on Thursday said it is partnering with the national police headquarters ORFK to promote child safety and the protection of children’s rights. "On November 20, the world lights up in blue as a reminder that every child has a right to safety, love and dignity," UNICEF Hungary said in […]
