Investors have returned to the capital's real estate market, with investment buyers accounting for 41% of transactions in September after the second quarter low, the property agency Duna House reported on Wednesday, according to MTI. The most popular locations were Erzsébetváros (District 7), Józsefváros (District 9), Angyalföld (District 13) and Terézváros (District 6). According to […]
The Hungarian Forbes magazine has again compiled this year a list of the 100 most valuable Hungarian-owned companies, with MPF Holding, Docler Holding and Bonafarm Group ranked in the top three. MPF Holding, which is mainly known for its machine parts, industrial components, grinding tools and cooling and heating equipment, was valued at HUF 408.3 […]
World Heritage Sites in Hungary have been added to the Google Arts & Culture platform, where users can discover new places, attractions and works of art, as well as learn more about the world's most important historical events, Google's press office told MTI. They recalled that the Google Arts & Culture initiative was launched to […]
At the gala evening in the US capital, the Hungarian Nobel laureate was joined by fellow researcher Drew Weismann in receiving one of the most prestigious awards of the US innovation and patent profession, the Hall of Fame. In addition to them, some 10 other scientists and inventors have been recognized. The US-based Hungarian biochemist, […]
BÁV Plc. (a major player in Hungarian pawnbroking and art trade) celebrates its 250th birthday with an anniversary exhibition entitled ‘250 Years of BÁV’ at the BÁV Art Auction House and Gallery in Budapest. The unusual exhibition is on display until November 12. The exhibition features 250 exceptional works of art, paintings, jewelry and furniture, […]
The National Bank of Hungary (MNB) pledged nearly EUR 14 million to the IMF’s Poverty Reduction and Growth Trust (PRGT) through a targeted investment instrument. The pledge has officially been announced by Barnabás Virág, Deputy Governor of the MNB on the margins of the Annual Meetings of the World Bank Group (WBG) and the International […]
Coca-Cola HBC Hungary is joining the Hungarian Agricultural and Life Sciences University (MATE) to develop coffee grounds collection solutions to recycle the valuable waste generated by its catering partners, the company told MTI on Wednesday. Ideas are invited from the 27 student teams that applied to the Zaccmentő ['coffee grounds rescue'] competition, which closed on […]
Life-saving diving equipment essential for underwater operations has been provided to the Életjel Rescue Team thanks to the support of Provident Pénzügyi Plc. In May, the financial service provider gave the organization a grant of HUF 1 million, which was used to purchase a piece of equipment for underwater communication and four so-called Wings, which […]
Pension funds continue to offer one of the most competitive schemes compared to other self-care offers, according to a recent summary by the National Bank of Hungary (MNB). The central bank said on Tuesday that the classical premium burden index, which retrospectively expresses the costs of voluntary pension funds, was 0.72% in 2022, up from […]
In 2023, the Atlas World Community continues to shine a spotlight on those who exemplify the ESC values, ensuring that the legacy of ethical, sustainable, and creative entrepreneurship thrives and evolves, leaving an enduring imprint on Hungary and beyond. The ITL Group and its founder, Alessandro Farina are organizing the third edition of the Atlas […]
László Sólyom, former President of the Republic, first President of the Constitutional Court, academic and university professor, has died at the age of 81, the Secretariat of the former President of the Republic told MTI on Sunday. László Sólyom passed away after a long illness "with great strength, activity and serenity," the statement said. Between […]
Online retailing achieved a gross turnover of HUF 631 billion in the first half of this year, 8.8% more than in the same period last year, according to the digital retailing survey by market research company GKID and Mastercard. The summary, says web sales grew 7.7% in the first quarter and 9.8% in the second […]
Waberer's International is to acquire a 55% stake in Serbian distributor MD International and an option to buy the remaining 45%, the company announced on the Budapest Stock Exchange (BSE) website on Friday. The purchase price of the transaction was not disclosed. According to the statement, MDI is a major player in the Serbian FMCG […]
Hungarian-born biochemist Katalin Karikó overcame numerous professional setbacks before shooting to stardom as one of the inventors of the mRNA technology used in two COVID-19 vaccines. The scientist talked to Diplomacy&Trade back in 2021 about her love for science, the outcome of the pandemic and the curing power of her invention. The name Katalin Karikó […]
German-owned Meleghy Automotive implements a EUR 22.9 million investment in Miskolc with the aim of establishing production capacities in Hungary. Some 12% of the costs are borne by Hungarian taxpayers through a government decision. The project of the premium automotive supplier is said to create 55 new jobs. Meleghy & Cie Automotive GmbH can pride […]
