A collection of 372 posts
Croatia’s Supreme Court sentenced MOL chairman-CEO Zsolt Hernadi and the country’s former prime minister Ivo Sanader to prison sentences for bribery on Monday. Hernadi paid Sanader EUR 10 million in bribes in 2008-09 to secure Hungarian energy firm MOL’s management rights in its Croatian peer INA, the
Daimler AG has begun production of a purely electric model, the Mercedes-Benz EQB, at its Mercedes plant in Kecskemét, Hungary. An investment of HUF 50 billion was made into the German carmaker’s facility toward the new product line, with Daimler putting up HUF 35.5 billion and the Hungarian
After years of circling Hungary’s main airport, Prime Minister Viktor Orban finally declared the state’s intention to purchase Budapest Liszt Ferenc International this week. “This could happen at any moment”, he said. “It is only right if our sole major international airport is in Hungarian ownership (and can
Hungary’s Ministry of Innovation and Technology and Hungary’s largest commercial bank OTP will collaborate to create Europe’s largest supercomputer, minister Laszlo Palkovics announced. The partnership will develop an AI-based Hungarian-language model for phone banking, he said. “We are not afraid of competing with technology companies,” OTP’s
Russian state-owned Gazprom and Hungarian energy group MVM signed a ten-year gas-supply agreement at the end of August. Under the deal, effective 1 October, Gazprom transits 4.5 billion cubic metres of natural gas to Hungary annually via two routes: 3.5bn through a new pipeline via Serbia and 1bn
Volkswagen will decide on the location of a new battery cell plant in Central and Eastern Europe in the first half of 2022, the German carmaker announced. Each of the V4 countries – Hungary, Poland, Slovakia and the Czech Republic – are in the running to host the facility. Volkswagen has announced
Peter Marki-Zay, the 49-year-old conservative mayor of Hodmezovasarhely, south Hungary, was announced as the winner of the Hungarian opposition primaries on Sunday night. He told cheering crowds in downtown Budapest that “our task now is to convince those who are undecided and even bring over disappointed Fidesz voters, in order
Slovakia’s capital city Bratislava is having difficulty getting EU funding after the rapid rise in its GDP per capita in recent years. As with many Central and Eastern European capitals, Bratislava’s wealth has climbed well above the EU average, meaning that the city no longer qualifies for EU
House prices have more than doubled in Estonia and Hungary over the last decade, according to a Eurostat survey that puts seven CEE countries in the top ten of the European Union member states. The average cost of a home in the EU-27 rose 34% from 2010 to the second
Hungary has decided against a plan to expand the country’s ownership of agricultural land in some of its neighbors like Slovakia, through a EUR 400 million fund. The government said the land purchases were designed to support the agricultural activities of ethnic Hungarian minorities in Hungary’s immediate neighbors.
Tamas Revesz has organised the World Press Photo (WPP) exhibition in Hungary - the homeland of Robert Capa and Joseph Pulitzer - every year since the fall of communism. “It's over 30 years - quite incredible,” the Hungarian photographer tells CET as he launches his 31st exhibition in
The government is currently discussing investments with 14 South Korean companies, Hungarian Foreign Minister Peter Szijjarto said after meeting his opposite number Chung Eui-yong and Trade Minister Yeo Han-koo in Paris on Wednesday. President Moon Jae-in will next month become the first South Korean head of state to visit Hungary
Vice President of the Hungarian Energy and Utilities Regulatory Authority, Pál Ságvári, expects high gas and energy prices to stay high over the next few months. He compared the situation to a “perfect storm,” given that in recent months there were temporary supply disruptions on both the Russian and Norwegian
MEP Klara Dobrev emerged as the frontrunner in Hungary’s first ever primary election to select a united-opposition candidate to stand against Prime Minister Viktor Orban, on Wednesday. Dobrev, an MEP for the left-leaning Democratic Coalition party that was founded by her husband, ex-premier Ferenc Gyurcsany, won around 34% of
How do you organise a major global exhibition in the Covid-era? Exhibitions manager and curator at World Press Photo, Sanne Schim van der Loeff, told CET how she and her colleagues have kept the show on the road, as it opened at the Hungarian National Museum in Budapest. World Press