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 […]
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 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 […]
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 […]
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 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 […]
The Centrale multifunctional building complex will be built on one of the Hungarian capital's main intermodal hubs, the Puskás Ferenc Stadion underground station, at Budapest’s prime sports, entertainment, and culture district, and in the middle of the Hungária Boulevard office corridor. The 29,000-sqm GBA development, with its unique architectural and forward-thinking solutions, will offer commercial […]
"We stand on the threshold of 2024 full of expectation and hope, confident that we can face our tasks with renewed energy, vitality and momentum," the President of the Republic, Katalin Novák said in her New Year's greeting broadcast by public media after the singing of the National Anthem on Monday. "We trust in talent, […]
At the end of 2023 Q3, the credit institution sector consisted of ten banking groups, eight solo credit institutions, two financial enterprises subject to prudential regulation affecting credit institutions, as well as nine branches. The decrease in the number of institutions included in the publication was caused by the consolidation of a single domestic credit […]
CE Glass Plc., a manufacturer of insulating and safety glass, has upgraded its production capacity at its plant in Szatymaz, on the outskirts of Szeged, SE Hungary, with the help of EU funding and an investment of HUF half a billion, the company informed MTI. According to the press release, the investment, which was implemented […]
The implementation agreement of the Swiss-Hungarian Cooperation Program was officially signed in Budapest this Wednesday. The Ambassador of the Swiss Confederation to Hungary, Jean-Francios Paroz, emphasized at the signing ceremony that the main objective of the program is to promote career guidance and project-based learning in Hungarian vocational training. High-quality vocational training meets the needs […]
Experts say there is clear evidence that there is still demand for energy-efficient, modern buildings. The keyword is traceable energy use, says the financial portal portfolio.hu. The BRF (Budapest Real Estate Consultants Forum) has published its office market summary for the third quarter of 2023, which shows that the total modern office stock in Budapest […]
Korean-owned Hankook Tire invests nearly EUR 540 million to extend its plant in Rácalmás, located in Fejér County, the Hungarian Invesment Promotion Agency reports. According to MTI, the government is providing taxpayers' money for the project, the amount of which will be disclosed only after the European Commission's approval. Currently operating in over 160 countries, […]
The commissioning of around one hundred new autonomous cleaning robots developed in-house has begun as a result of the work of B+N Reference Plc.'s team of Hungarian engineers. Members of the previous series have been proving their worth for years at Budapest's Liszt Ferenc International Airport, in the capital's metro stations, among others, and are […]
In the run-up to the festive shopping season, Mastercard has launched a Green Friday campaign with its partners to raise awareness of conscious spending and environmentally conscious shopping. According to a statement sent by Mastercard to MTI on Monday, Magyar Cetelem Bank, Gránit Bank, OTP Bank, Magnet Bank, MBH Bank and Raiffeisen Bank joined the […]
