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Budapest Wins EU's European Mobility Week Award

Mar 15, 2024

Budapest has won the European Commission's award for the programs and developments implemented in the framework of last year's European Mobility Week, the Mayor's Office of the Municipality of the City of Budapest announced on Friday. The annual Mobility Week, organized by the European Commission, aims to promote sustainable transport and make it more accessible. […]

EC Approves Commercialisation of Richter Preparation

Nov 2, 2023

The Hungarian pharmaceutical company Gedeon Richter Plc. - together with Sumitomo Pharma America, Inc. and Sumitomo Pharma Switzerland, GmbH - has announced on the website of the Budapest Stock Exchange that the European Commission has granted approval of a Type II Variation application for RYEQO® (relugolix 40 mg, estradiol 1.0 mg, and norethisterone acetate 0.5 […]

Hungarian pálinka: PGI in the EU and Japan

Sep 27, 2023

Under the Economic Partnership Agreement between the European Union and Japan, 42 more EU and Japanese products have been added to the list of protected geographical indications (PGIs) in both regions, including Hungarian pálinka, the European Commission said on Wednesday. According to the Brussels statement, this is the third time that the list of geographical […]

New Scheme to Accelerate Green Transition

Aug 11, 2023

With the adoption of the Temporary Crisis and Transition Framework (TCTF), the aim of the European Commission is to ensure that the objectives of the European Green Deal will be achieved, the Hungarian Investment Promotion Agency reports. In response to this challenge, a new subsidy scheme is introduced in Hungary under Government Decree No. 210/2014 […]

EU Approves Hungarian ‘Green Deal’ State Aid

Jul 28, 2023

The European Commission says it has approved a EUR 2.36 billion (approximately HUF 880 billion) Hungarian scheme for accelerated investments in strategic sectors to foster the transition towards a net-zero economy, in line with the Green Deal Industrial Plan. The scheme was approved under the State aid Temporary Crisis and Transition Framework, adopted by the […]

Mol Group Authorized to Acquire OMV Slovenija

May 18, 2023

The European Commission has given its final approval for the acquisition of OMV Slovenija by the Hungarian oil and gas company Mol, putting the Mol Group on track to become the second largest player in the segment in Slovenia. The Mol Group has fulfilled all the conditions for closing the transaction to acquire a 92.25% […]

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