European Union member states on Monday endorsed a European Commission proposal to mobilize EUR 10.8 million from the agricultural reserve to support farmers in Hungary hit by heat stress in the summer of 2025. The exceptional support may be complemented by up to 200% of national funds. The EC also allocated EUR 7.4 million in […]
Hungarian biotechnology and AI company Turbine Network Analysis Research Development Ltd. has been awarded HUF 250 million of EU and government funding to create a virtual lab, the company told MTI. The digital lab is a software platform used to create and run simulated experimental protocols and analyse large amounts of biological data. Founded in […]
Feed supplier Neocons and IT company CodeYard have been awarded HUF 248 million in European Union and state grant money for the development of an AI-powered business and production support software, Neocons told MTI. The aim of the development is to create an innovation-based, artificial intelligence-supported business planning and production support system that provides a […]
Vidanet has been awarded the right to draw down HUF 6.4 billion in European Union funding for gigabit infrastructure upgrades, the company said in a statement. According to the company's announcement on Wednesday, the aim of the developments is to make high-capacity wired internet access available to residential, business and public institution users in the […]
CRU Hungary has won HUF 557 million in European Union and state grant money to support the development of a multimodal diagnostic platform in Encs, NE Hungary, the clinical research company told MTI. According to the announcement, the development is based on the coordinated processing of blood-based biomarker analyses and digital health data collected using […]
According to a survey by GKI Economic Research Co., conducted with EU support, consumer outlooks in January remained unchanged compared with December, while those of companies deteriorated slightly. The summary indicator of expectations, the GKI Business Climate Index, fell by almost three points. Firms’ willingness to hire remained unchanged, and their overall expectations for the […]
E.ON Drive Infrastructure (EDRI), Voltix and GreenWay can begin building one of Europe's largest megawatt charging networks with EUR 70.3 million in EU funding. By 2028, the system will serve road freight transport across the continent with a total of 330 charging points at 55 strategic locations, including Hungary, EDRI told MTI on Wednesday. Chargers […]
4iG Plc. has informed capital market participants on the website of the Budapest Stock Exchange that its indirect subsidiary, 2Connect Telecommunications Infrastructure & Network Services Ltd., through its legal predecessor D-Infrastruktúra Telecommunications Ltd., has successfully applied for the first phase of the Digital Hungary Operative Program Plus, the Gigabit Hungary Program tender: the company has […]
Around HUF 300 million of tourism investments are starting in Makó (SE Hungary) involving funds from the European Union, the local municipality told MTI. According to the announcement, part of the project involves renovating the dilapidated outdoor stage and auditorium of the Hagymaház ('onion house') spa in order to revive the Makó Summer program series. […]
The European Commission on Friday adopted a proposal to pay EUR 10.8 million in support to Hungarian farmers hit by spring frost. All grape and fruit growers who have suffered a verified loss of more than 30% of their yield will be eligible for this aid, in addition to the damage mitigation allowance. The EC […]
Infrastructure at an industrial park in Encs (NE Hungary) is being upgraded with HUF 800m in European Union and state support, the town told MTI. They added that the fundamental objective of the project is to develop an industrial park with basic infrastructure that meets investor requirements, good transport links and clear ownership structures, which […]
A scheme supported by the European Union aimed at detecting, documenting and preventing cybercrime, identifying the perpetrators, and recovering the assets affected has been launched by the national police headquarters ORFK and the national protective service NVSZ, police said on Tuesday. The aim of the program is to increase the effectiveness of action against serious […]
The E.ON Hungária Group is building more than 120 kilometers of high-voltage transmission lines in the Transdanubian region as part of its Danube InGrid program, the company, which operates the electricity grids of the Danube region, Pest county and Budapest, told MTI on Monday. They stressed that the total value of the investment is HUF […]
The building construction general contractor Belotti Ltd. has built a factory hall and installed a new production line for the serial production of innovative products, mainly for the production of industrial floors in Szekszárd, south-central Hungary, the company told MTI. The HUF 320 million investment was implemented with 50% support from the Economic Development and […]
The electricity company E.ON Hungária is installing more than 165,000 new smart meters in its service area. The HUF 10.1 billion investment is being carried out under the EU's Recovery and Resilience Instrument (RRF) program, with the Hungarian government providing upfront funding. State Secretary in charge of the project, Attila Steiner stressed that the government […]
