The French electronics company is to expand its factory in Dunavecse in central Hungary with an investment of more than HUF 15 billion, creating 270 new jobs, with a HUF 1.5 billion subsidy from the Hungarian government. The investment will increase the floor area of the Duna Smart Power Systems (DSPS) smart factory in Dunavecse […]
We are pursuing a consistent and disciplined monetary policy, strengthening credibility and confidence. That is according to former finance minister Mihály Varga Mihály who officially took up his post as Governor of the National Bank of Hungary (MNB) after receiving his letter of appointment from President Tamás Sulyok on Monday. He was quoted in an […]
The oil and gas company Mol Plc. and the University of Miskolc (ME) in NE Hungary signed a new partnership agreement in the field of research, development and innovation on Tuesday. At a press conference in Miskolc, József Molnár, CEO of the Mol Group, said that the cooperation between the company and the university would […]
Budapest-based pharmaceutical giant Gedeon Richter Plc. announced its Q4/FY 2024 financial results at the website of the Budapest Stock Exchange by stating that 2024 was an active year with business development across all segments, aimed at providing access to health by bringing solutions to unmet needs and by offering affordable medicines to a wide range […]
The Sziget (or ‘Island’) Festival in Budapest has been awarded the "Recommended" rating by Greener Festival 2024. The recognition reflects the festival's commitment to sustainability, from reducing waste and using renewable energy sources to promoting inclusivity and responsible dining. Sziget also took home the Greener Innovation Award at the recent ‘A Greener Future’ (AGF) international […]
Provident Financial Services says it has been working for many years to reduce the number of people for whom there are no financial solutions available for temporary or permanent financial problems. An important aspect of the issue of widespread access to home loans is the conscious financial education of those affected. Provident has programs to […]
The Business Council for Sustainable Development in Hungary (BCSDH) elected its leadership for another three-year term at its renewal General Assembly. Attila Chikán Jr., the CEO of ALTEO Energy Services Plc., has led the four-member Board for nine years, during which time nearly 90 new companies joined the organization, BCSDH has announced. Today, BCSDH represents […]
A self-operating organ for Kaohsiung in southern Taiwan has been manufactured by a manufactory based Pécs, southern Hungary, the Hungarian edition of euronews reports. The instrument, designed for the port city's railway station, is unique in the world: in addition to being earthquake-proof, the organ is programmed with spectacular lighting and various sound effects to […]
Based on the opinions of 252 Hungarian CEOs, PwC Hungary has presented the 'Most Inspiring Leader of the Year Award'. Established in 2022, the award recognises a Hungarian CEO who is seen as a role model by other top executives in Hungary. This time, the award has been given to Gábor Orbán, CEO of the […]
After a 10% drop in sales in 2023, reminiscent of the new coronavirus epidemic, the domestic sales of the five largest Hungarian beer producers increased by 2.8% to 5.55 million hectoliters in 2024, Sándor Kántor, director of the Association of Hungarian Beer Producers, told MTI. This brings the pace of expansion back to around 3% […]
Hungary’s 4iG Space and Defence Ltd. (4iG S&D) has signed a non-binding Memorandum of Understanding with Houston-based Axiom Space, Inc. to explore and develop joint space industry cooperation opportunities, including in the area of orbital data center (ODC) services, 4iG told MTI on Monday. According to the information, the parties will set up a joint […]
A record number of more than 2,400 samples competed at the 15th anniversary E Hungary, and Spirits Competition in Debrecen, the organizers told MTI on Sunday. A total of 2,402 samples were entered from 151 settlements in Hungary, Romania, Slovakia and Serbia. This is an absolute record in the history of domestic and international pálinka […]
The majority of people believe that it is now essential to be able to pay by credit card in shops, markets and at service providers such as plumbers or hairdressers, OTP Mobil said on Tuesday, based on a representative survey conducted by MTI. The survey, representative of the Hungarian population aged 18 and over, was […]
Efforts to promote responsible alcohol consumption are paying off: recent findings from international research by HEINEKEN and the University of Oxford show a radical change in the way consumers – especially young people – approach non-alcoholic beverages. The role of group norms and traditions is increasingly being replaced by an embrace of personal values, leading […]
Consumer prices were 5.5% higher on average in Hungary in January 2025 than a year earlier. Over one month, consumer prices rose by 1.5% on average, within which motor fuels became 2.7% more expensive, the Central Statistical Office (KSH) reports. In 12 months, compared to January 2024:A price increase of 6.0% was recorded for food, […]
