(IN BRIEF) AFRY has been awarded a significant design contract by MVM NUKA for the reconstruction of control circuits at Hungary’s MVM Paks Nuclear Power Plant as part of its lifetime extension programme. The project involves the design of nearly … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Hungary, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology
Tagged AFRY, asset lifetime extension, carbon emissions, clean energy, control circuits, electrical systems, energy infrastructure, Energy Reliability, energy transition, Hungarian Atomic Energy Authority, Hungary, instrumentation and control, International Atomic Energy Agency, lifetime extension, modernization, MVM NUKA, MVM Paks Nuclear Power Plant, nuclear energy, Paks NPP, partnership, power plant design, reactor, sustainability, turbine islands
(IN BRIEF) On December 9th, HungaroControl became a member of Thales’ Alliance One, a collaborative group shaping the future of air traffic control (ATC) through the upgraded TopSky – ATC system. This system, designed to meet growing air traffic demands, … Read the full press release
(IN BRIEF) Mercedes-Benz Vans Central and Eastern Europe (CEE) has partnered with E.ON to launch a comprehensive B2B Charging Infrastructure initiative across Romania, Czech Republic, Slovakia, and Hungary. The collaboration aims to support businesses transitioning to electric mobility by providing … Read the full press release
Posted in Automotive, Business, Czech Republic, Environment, Financial, Germany, Government, Hungary, Industrial, Infrastructure & Utilities, Investment, Management, News, Romania, Slovakia, Technology, Transportation & Logistics
Tagged Alexandru Rugina, Andrea Kramer, Central and Eastern Europe (CEE), Czech Republic, Davide Villa, E.ON, EV charging infrastructure, Hungary, Mercedes-Benz Vans, partnership, Romania, Slovakia, Stephan Kunze, sustainability
(IN BRIEF) The 12th European Small and Mid-Cap Awards, held during the SME Assembly in Budapest, celebrated exceptional SMEs that accessed capital markets through IPOs over the past two years. Organized by FESE, EuropeanIssuers, and the European Commission, the awards … Read the full press release
Posted in Awards, Belgium, Business, Economy, Financial, Hungary, Industrial, Investment, Management, News, Small Business
Tagged Awards, Bonifacio García-Porras, Budapest, European Small and Mid-Cap Awards, EuropeanIssuers, FESE, leadership, Luc Vansteenkiste, Petr Koblic, SMEs
(IN BRIEF) The MFB Hungarian Development Bank has pledged €20 million to the 3SI Innovation Fund, which is led by the European Investment Fund (EIF). The fund, targeting growth-stage businesses in Central and Eastern Europe, aims to raise €180 million … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Hungary, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged EIF, Hungary, Innovation Fund, Marjut Falkstedt, MFB Hungarian Development Bank (MFB), partnership, sustainability
(IN BRIEF) Deutsche Telekom has launched a new Christmas campaign, “Connections Begin When Barriers Break,” across ten European countries, emphasizing unity and tolerance. Through a heartwarming story of two young girls separated by a glass barrier, the campaign highlights the … Read the full press release
Posted in Austria, Business, Croatia, Financial, Germany, Government, Hungary, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, Media, Montenegro, News, Poland, Romania, Slovakia, Technology, Telecom
Tagged Austria, Christmas campaign, Connection, CROATIA, Deutsche Telekom, Europe, Germany, holidays, Hungary, Montenegro, NORTH MACEDONIA, Poland, Romania, Slovakia, The Czech Republic, Ulrich Klenke, Unity
(IN BRIEF) European energy ministers recently visited MOL Group’s green hydrogen plant in Százhalombatta, Hungary, Central Europe’s largest facility of its kind, during the Central and South-Eastern Europe Energy Connectivity (CESEC) meeting. The 10-megawatt plant produces 1,600 tonnes of green … Read the full press release
(IN BRIEF) Arriva has been awarded two pioneering 12-year contracts by the Budapest Transport Centre (BKK), making it the first operator of an electric bus fleet in Hungary’s capital. Set to launch by the end of 2025, the fleet will … Read the full press release
(IN BRIEF) MOL Group has updated its long-term strategy, “SHAPE TOMORROW,” aiming for carbon neutrality by 2050. The plan includes over $4 billion in green investments by 2030, focusing on renewable energy, efficiency improvements, and waste management. The company also … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Hungary, Industrial, Investment, Management, News
Tagged MOL Group, sustainability, Zsolt Hernádi
(IN BRIEF) Vodafone Foundation’s NG-SOS app has reached a milestone of over 4 million downloads and has facilitated 200,000 emergency calls across Europe. The app, available in the Czech Republic, Hungary, Slovakia, and Austria, connects users directly to emergency services, … Read the full press release
Posted in Artificial Intelligence (AI), Austria, Business, Czech Republic, Environment, Financial, Germany, Government, Healthcare, Hungary, Investment, Management, News, Science, Slovakia, Technology, Telecom
Tagged Austria, Czech Republic, emergency response, Europe, Hungary, NG-SOS App, partnership, Slovakia, sustainability, vodafone
(IN BRIEF) MOL Group reported strong financial results for the first half of 2024, with a 19% year-on-year increase in profit before tax, driven by robust demand in Downstream, strong Upstream production, and retail expansion. Despite industry challenges, the company … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Hungary, Industrial, Investment, Management, News
Tagged economy, Financial, investment, MOL Group, Zsolt Hernádi
(IN BRIEF) Under the Hungarian EU Presidency, the Competitiveness Council gathered at MOL Group’s headquarters to discuss Europe’s industrial competitiveness amidst the green energy transition. Key stakeholders emphasized the need for collaborative policymaking and a supportive regulatory environment. Zoltán Áldott … Read the full press release
(IN BRIEF) Czech award-winning composer Tatiana Mikova will present her String Quartet “In Modo Lidico” at Carnegie Hall on 1st July 2024, following its successful world premiere in New York in 2021. Mikova seamlessly blends Moravian folk influences with classical … Read the full press release
Posted in Art & Culture, Awards, Czech Republic, Education, Hungary, Media
Tagged award-winning, Carnegie Hall, Chamber music, chamber music concerts, classical music, classical music composer, concert, CZECH, Czech Nonet, film music composer, film scoring, Lehner String Quartet, London College of Music, Lydian mode, Moravia, Moravian folklore, music, New York, Performance Today, Progressive Musicians Laureate Gala, recitals, String quartet, String Quartet “In Modo Lidico”, Tatiana Mikova, University of West London, USA, Weill Recital Hall, Well Recital Hall, Women composers, “In Modo Lidico, “Sinfonietta for Orchestra”, ”
(IN BRIEF) The European Investment Bank (EIB) Board of Directors approved €4.3 billion in financing for projects spanning Austria, Czech Republic, France, Germany, Hungary, Italy, Lithuania, and Slovakia. The funding will support sustainable transport, renewable energy, water and waste treatment, … Read the full press release
Posted in Austria, Banks, Business, Czech Republic, Economy, Environment, Financial, France, Germany, Government, Hungary, Industrial, Investment, Italy, Lithuania, Luxembourg, Management, News, Slovakia
Tagged Austria, Czech Republic, EIB, Europe, France, Germany, Hungary, investment, Italy, Lithuania, Nadia Calviño, partnership, Slovakia, sustainability, sustainable development
(IN BRIEF) MOL Group has initiated the application process for its renowned fresh graduate program, Growww, offering over 90 positions across 8 countries to young professionals eager to contribute to the energy transition. The program, which has attracted thousands of … Read the full press release
Posted in Business, Energy, Gas & Oil, Hungary, Industrial, Management, Media, News
Tagged energy transition, Growww Program, Lana Faust Križan, MOL Group, recruitment, young professionals
(IN BRIEF) Hamburg-based LogTech company driveMybox has officially announced its strategic partnership with I.C.E. Transport Hungary, a prominent freight forwarder in Eastern Europe. This collaboration marks driveMybox’s expansion into Hungary, its third international cooperation partner alongside Germany and Italy. The … Read the full press release
Posted in Business, Germany, Hungary, Industrial, Internet & Online, Management, Technology, Transportation & Logistics
Tagged AI, Balász Hangel, container transport, container trucking, digital container lorry transport, digital container trucking, digital platform, driveMybox, freight forwarder, Hungary, I.C.E. Transport Hungary, Lisa Hierzegger, logistics, LogTech, lorry container transport, Patrick Jandt, shipping, software, technology, truck container transport, trucking
(IN BRIEF) Saab has secured a contract with the Swedish Defence Materiel Administration (FMV) to deliver four additional Gripen C fighter aircraft to Hungary. This follows an amendment to an existing agreement dating back to 2001. With this order, Hungary’s … Read the full press release
(IN BRIEF) ORLEN, an energy company, has experienced rapid expansion with acquisitions in Austria, Germany, Slovakia, and Hungary, increasing its foreign station count by nearly a third in the past year. They are finalizing the purchase of over 60 service … Read the full press release
Posted in Austria, Czech Republic, Energy, Gas & Oil, Germany, Hungary, Industrial, Investment, Lithuania, Poland, Slovakia
Tagged acquisitions, Austrocard, Daniel Obajtek, EV charging points, fuel stations, Hydrogen Refuelling Stations, MOL, OMV, ORLEN, Star Connect, Stop Cafe, Turmöl, Turmstrom
(IN BRIEF) Swedish engineering and consulting company AFRY has made a strategic move to acquire Hungarian nuclear safety consulting firms SOM System Kft. and TTSA Mérnökiroda Kft., collectively known as SOM. The acquisition enhances AFRY’s capabilities in the nuclear sector, … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Hungary, Industrial, Infrastructure & Utilities, Investment, Management, News, Security & Safety, Sweden
Tagged acquisition, AFRY, Hungary SOM System Kft., József Dénes, Miklós Ördögh, nuclear safety, partnership, sustainability, TTSA Mérnökiroda Kft.
(IN BRIEF) MOL Group has announced its financial results for Q3 2023, reporting a clean CCS EBITDA of USD 976 million, a 33% decrease compared to the same period last year. Windfall taxes in the CEE region significantly impacted results, … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Hungary, Industrial, Investment, Management, News
Tagged 2023 Financial Results, Financial, investment, MOL Group, Zsolt Hernádi
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