(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
(IN BRIEF) The European Investment Fund (EIF) is investing €25 million in Radix Ventures, a deep tech venture capital fund based in Central and Eastern Europe. The investment aims to address the funding gap for deep tech founders in the … Read the full press release
Posted in Banks, Business, Financial, Hungary, Investment, Luxembourg, Poland, Romania, Technology
Tagged deep tech, deep tech venture capital fund, EIF, energy startup, InvestEU, Lerta Energy, Marjut Falkstedt, Michał Urbanowski, Noctiluca, Paweł Bochniarz, Photon Energy Group, Radix Ventures, technology entrepreneurs, The European Investment Fund, Valuetech Seed, Wojciech Ratymirski
(IN BRIEF) Rheinmetall Hungary Zrt., a joint venture between Rheinmetall and the Hungarian state, has renamed a street at its Zalaegerszeg plant to “Rheinmetall Út.” The plant is undergoing expansion to become a modern development, production, and testing center for … Read the full press release
(IN BRIEF) The European Investment Fund (EIF) has provided UniCredit Group with two guarantees worth €370 million to support investment by small and medium-sized businesses (SMEs) across seven EU countries. The transactions are backed by InvestEU, the European Union’s long-term … Read the full press release
Posted in Banks, Bulgaria, Business, Croatia, Czech Republic, European Union, Financial, Hungary, Investment, Romania, Slovakia, Slovenia, Technology
Tagged Andrea Orcel, EIB Group, EIF, European Union, Gelsomina Vigliotti, INNOVATION, InvestEU, job creation, Paolo Gentiloni, SMEs, sustainable investment, The European Investment Fund, UniCredit Group
(IN KÜRZE) Die Europäische Investitionsbank (EIB) und der Europäische Investitionsfonds (EIF) investierten im vergangenen Jahr 804 Millionen Euro in Ungarn und unterstützten vorrangige Investitionen in den Bereichen Energie, Verkehr, Innovation, kleine und mittlere Unternehmen (KMU) und Midcap-Unternehmen. Drei Viertel der … Read the full press release
Posted in Banks, Energy, Gas & Oil, European Union, Financial, Hungary, Luxembourg
Tagged Die Europäische Investitionsbank, EIB, EIF, energieeffiziente Modernisierungen, energieeffiziente Renovierungen, Energiesparinvestitionen, erneuerbare Energiesysteme, Europäischer Investitionsfonds, Eximbank, Finanzierung, grünes Darlehen, Hausrenovierungsprogramm, JASPERS, KMU, Ungarn, Wohngebäude
(IN BRIEF) The European Investment Bank (EIB) and the European Investment Fund (EIF) invested €804 million in Hungary last year, supporting priority investments in energy, transport, innovation, small and medium-sized enterprises (SMEs), and mid-caps. Three-quarters of the total financing signed … Read the full press release
Posted in Banks, Energy, Gas & Oil, European Union, Financial, Hungary, Luxembourg
Tagged EIB, EIF, energy saving investments, energy-efficient renovations, energy-efficient upgrades, European Investment Fund, Eximbank, financing, green loan, Home Renovation Programme, Hungary, JASPERS, renewable energy systems, residential buildings, SMEs, The European Investment Bank
(IN KÜRZE) Das Europäische Institut für Innovation & Technology (EIT) hat neue Zusagen von Abodoo, dem Computer Vision Center Barcelona, Generation, Intel Corporation, JA Europe, der Tampere University of Applied Sciences und der Technischen Universität Cluj-Napoca bekannt gegeben, sich der … Read the full press release
Posted in Belgium, Education, Financial, Hungary, Non Profit, Technology
Tagged Abodoo, Arbeitsbereitschaft, Bildungsprogramme, Biomedizintechnik, Computer Vision Center Barcelona, Das Europäische Institut für Innovation und Technologie, deep tech, Deep Tech Talent Initiative, die Technische Universität Cluj-Napoca, EIT, EIT Manufacturing, Energie, Finanzkompetenz, Geldgeber, Generation, Intel Corporation, JA Europe, KI, Mariya Gabriel, Nektarios Tavernarakis, Programme zur digitalen Bereitschaft, Salvatore Nigro, Schulungen, Tampere University of Applied Sciences, Unternehmertum
(IN BRIEF) The European Institute of Innovation & Technology (EIT) has announced new pledges from Abodoo, Computer Vision Center Barcelona, Generation, Intel Corporation, JA Europe, Tampere University of Applied Sciences, and the Technical University of Cluj-Napoca to join the Deep … Read the full press release
Posted in Belgium, Education, Financial, Hungary, Non Profit, Technology
Tagged Abodoo, AI, biomedical engineering, Computer Vision Center Barcelona, deep tech, Deep Tech Talent Initiative, Digital Readiness Programs, education programmes, EIT, EIT Manufacturing, ENERGY, Entrepreneurship, financial backers, financial literacy, Generation, Intel Corporation, JA Europe, Mariya Gabriel, Nektarios Tavernarakis, Salvatore Nigro, Tampere University of Applied Sciences, The European Institute of Innovation & Technology, the Technical University of Cluj-Napoca, Trainings, work readiness
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