SeaCon Europe is investing HUF 244 million in a project to develop a digital product passport platform that would track the production and processing processes of food products. The project has received HUF 149 million of European Union and government funding, and will help producers gather scattered information to reduce losses and help find the […]
Hungary's national flag was raised with military honors on the Lajos Kossuth Square in front of Parliament this Sunday morning, on the national holiday marking the 1848-49 revolution and freedom fight. The day also saw major political rallies. The flag was raised and the national anthem performed in the presence of President Tamás Sulyok. March […]
The National Bank of Hungary (MNB) says it remains committed to actively participating in international cooperation initiatives that support the European integration of institutions in the Western Balkans in the long term. An MNB statement says the third phase of the European Union (EU) -funded technical assistance program, entitled 'Strengthening the Central Bank Capacities in […]
Hungary will cap retail prices of motor fuel at HUF 595/liter for petrol and HUF 615/liter for diesel from midnight on Monday, Prime Minister Viktor Orbán has announced. The price cap will apply to private individuals, farmers, hauliers and businesses with vehicles with Hungarian number plates and residency in Hungary, the PM said. He was […]
Denmark-based Xellia Pharmaceuticals is investing EUR 70.85 million in Szigetszentmiklós, south of Budapest, further strengthening Hungary's role in the European healthcare and antibiotic supply chain. The development aims to create a modern, automated pharmaceutical manufacturing plant and promises create 91 new high value-added jobs. Headquartered in Copenhagen, Xellia Pharmaceuticals is a specialty pharmaceutical company focused […]
Domestic sales volume of Hungary's biggest brewers fell 9.3% to 503 million liters in 2025, the Hungarian Brewers Association and the Small Brewers Association said in a joint statement on Wednesday. Volume of beer brewed by the companies slipped 4.8% to 473 million liters. Developments fit the trend in Europe, the associations said, noting that […]
The latest capacity-expanding investment of Astotec Automotive Hungary LP., a company specializing in automotive parts manufacturing, was officially inaugurated in Pápa, W Hungary. Astotec Automotive Hungary LP., a member of the Austrian-owned ASTOTEC Automotive Group, develops and produces automotive safety components. In their Pápa plant, a strategic, EUR 10 million capacity-expansion project has been completed. […]
In his welcome speech at the gala, held at the Museum of Fine Arts, Government Commissioner and CEO of the HIPA Hungarian Investment Promotion Agency, István Joó was of the view that Hungary remains one of Europe’s safest and most investor-friendly countries. Despite a challenging global economic environment, 2025 marked a record year in several […]
This Thursday evening, Magical Hungary (VM) held its 16th grand nature photography award gala and exhibition opening. For the second time, the prestigious event was hosted by the Biodome of the Budapest Zoo and Botanical Garden, which provided a fitting venue with its unique atmosphere for the closing of the 2025 competition season. According to […]
The General Assembly of the Business Council for Sustainable Development in Hungary (BCSDH) elected Péter Noszek, Managing Director of Nestlé Hungária Ltd., as a new member of its Board. After ten years of dedicated service, Zoltán Gazsi is stepping down from the BCSDH Board. The general assembly of the Hungarian Business Council for Sustainable Development […]
The Al Habtoor Research Center (AHRC) has announced plans to establish its European office in Budapest in 2026, marking a significant milestone in its global expansion and reinforcing its evolution into a cross-regional policy institution contributing to international policy discourse across Europe and the Middle East, according to statement released this Wednesday. The Budapest office […]
Hungary's National Laboratory for Autonomous Systems (NLAS) announced on Tuesday the completion of a four-year research and development program supported by HUF 6.2 billion in European Union funding. The program to investigate the safe and sustainable operation of autonomous vehicles, robots and drones, produced 13 domestic patents and trademarks, four international patents and three spin-offs. […]
Hungarian Nobel Laurate Katalin Karikó has been selected Forbes magazine as one of the top 250 innovators who "best embody the creative spirit." She is on place 169 on the list prepared to mark the 250th anniversary of the founding of the United States. According to Forbes, those on the list "aren't just inventors; they're […]
Appeninn Asset Management Holding Plc. has informed investrors on the website of the Budapest Stock Exchange that, pursuant to the real estate sale and purchase agreement signed this Friday, it has acquired – indirectly through its wholly owned subsidiary Appeninn Project-TRNW sp. z o.o. – the exclusive ownership of the Goodyear logistics center located in […]
The foundation stone of Ferenc Liszt International Airport’s new terminal has been laid in Budapest during a ceremony attended by Hungarian Prime Minister Viktor Orbán, Minister for National Economy Márton Nagy, the President of VINCI Concessions and VINCI Airports, Nicolas Notebaert and the CEO of Budapest Airport, François Berisot. According to a statetment by the […]
