Initiatives

Initiatives

MTA: Hungarian shale gas reserves may stay underground

Although unconventional natural gas reserves are six times larger than conventional gas reserves, geological circumstances would make their exploitation costly...

Initiatives

TakarékBank total assets rise by two-thirds in 2014

Magyar Takarékszövetkezeti Bank (TakarékBank) yesterday said its total assets rose 66% to HUF 800 bln last year. TakarékBank said its...

Initiatives

Employment in Hungaryʼs banking sector falls 2%

The headcount in Hungary’s banking sector declined by 2% last year, down to 37,816, Hungarian economic daily Világgazdaság said today,...

Initiatives

Liget Project welcomes two top finishers

The plans of two separate designers Snøhetta and Sanaa (Sejima and Nishizawa and Associates), both Pritzker prize awarded firms, were...

Initiatives

Reach for the Stars: Favela Children to Control NASA Mars Mission

The following article was written by Wladimir Lyra is a Research Associate at NASAʼs Jet Propulsion Laboratory....

Initiatives

Government revamps education system to accommodate labor market

Hungaryʼs state secretary for workforce training yesterday announced the revisions the government will make to the education system in order...

Initiatives

Government signs agreement with Japanese auto industry supplier

The Hungarian government yesterday signed a strategic cooperation agreement with Japanese-owned manufacturer of diesel particulate filters, Ibiden Hungary, according to...

Initiatives

Economy ministry, German-Hungarian chamber sign agreement on vocational training

Sándor Czomba, state secretary of the National Economy Ministry (NGM), and Dale A. Martin, president of the German-Hungarian Chamber of...

Initiatives

Women’s employment rate growth highest in EU

The employment rate among women grew by 3.3% in Hungary in 2014, the highest growth rate in the EU, according...

Initiatives

Varga terms Kazakhstan visit ʼextraordinarily successfulʼ

Hungary’s National Economy Minister Mihaly Varga said in a press release Friday that the visit of Prime Minister Viktor Orbán...

Initiatives

Takarékbank, FHB acquire JNT Security stakes

Hungary’s Takarébank and FHB Mortgage banks on March 31 purchased 40% and 10%, respectively, of JNT Security stakes, which used...

Initiatives

GDP forecast expected to be raised

The Hungarian government could raise its 2.5% GDP growth projection for this year by the end of the month, when...

Initiatives

Invitel extends InnoMax deadline

Hungarian tele- and info-communications company, Invitel is extending the deadline of its CSR program InnoMax grant scheme to April 26...

Initiatives

Expect Nagykörút traffic and transit delays

Due to construction, delays can be expected in traffic and transit between Oktogon and Széll Kálmán tér, especially on the...

Initiatives

More than 30% of senior positions cut at MKB Bank

The restructuring of MKB Bank by the National Bank of Hungary (MNB) will continue with the elimination of 35 senior...

Environment, Business, Initiatives

BCSDH Breakfast Links Sustainability Award to Promoting Scalable Business Change

The Business Council for Sustainable Development in Hungary used its Sustainable Future Inspiration Breakfast on May 6 to shift the...

Initiatives

Gov’t Calls Tender to Support Creation of Wetland Habitats

The gov't is calling a HUF 12.8 billion tender to support the development of natural wetland habitats, contributing to long-term...

Initiatives

E.ON Hungária Announces New Edition of ‘Champions of the Earth’ Competition

The E.ON Hungária Group is once again inviting schools and kindergartens to submit sustainability-focused projects for its "Champions of the...

Initiatives

Áder Slams COP as Ineffective, Proposes G20 as Basis for Future Climate Policy Discussions

Using words such as “circus” and “hypocrisy,” Hungary’s former President János Áder lambasted the annual United Nations Climate Conferences (COPs),...

Initiatives

Áder: Hungarian Researchers Propose ‘Sustainability Turnaround’

Hungarian researchers have worked out a methodology for replacing GDP with a "sustainability turnaround" indicator showing the negative effects of...

Initiatives

European Greentech Firms Eye Japanese Market Through Eco Campaign

Hungarian consultancy firm Sudy & Co. has launched a new campaign aimed at helping European greentech companies break into the...

Initiatives

Hungary Posts Impact Study of Nat’l Energy and Climate Plan

The Energy Affairs Ministry has issued an impact study of Hungary's National Energy and Climate Plan for public debate....

Initiatives

Meijer&Co Organizing 24-hr Walk in Városliget, Raising Funds to Regreen the Planet 

What began as an unconventional idea in 2021, with four friends attempting to walk non-stop for 24 hours in Amsterdam...

Initiatives

Afforestation Program Planting 56,000 Trees by Year-end

By the end of the year, the number of trees planted in the Settlement Afforestation Program will reach 56,000, said...

Initiatives

EC Acknowledges Pécs for Steps to Achieve Climate Neutrality

The European Commission acknowledged Pécs for its plans to achieve climate neutrality with the award of the EU Mission Label...

Initiatives

Hungary Establishes Nat’l ESG Council

The National Economy Ministry on Wednesday announced the establishment of the National ESG Council which will play an important role...

Initiatives

Bábolna Establishing Hungary’s 1st Energy Community

Hungary's first energy community, capable of operation and officially registered, is being set up in the town of Bábolna (90...

Initiatives

GVH Recommends Anti-Greenwashing Measures

Hungary's Competition Office (GVH) has recommended lawmakers establish a uniform system for gauging the environmental impact of products to help...

Initiatives

Hungary Restarting ‘Golden Visa’ Program

Hungary will offer a residency permit for those who purchase expensive property in the European Union nation six years after...

Budapest Proposes Tiered Water‑fee System to Cut Waste

Budapest is calling for a reform of Hungary’s water-pricing system, proposing free basic household consumption and progressively higher rates for...

BCSDH Breakfast Links Sustainability Award to Promoting Scalable Business Change

The Business Council for Sustainable Development in Hungary used its Sustainable Future Inspiration Breakfast on May 6 to shift the...

Gov’t Calls Tender to Support Creation of Wetland Habitats

The gov't is calling a HUF 12.8 billion tender to support the development of natural wetland habitats, contributing to long-term...

E.ON Hungária Announces New Edition of ‘Champions of the Earth’ Competition

The E.ON Hungária Group is once again inviting schools and kindergartens to submit sustainability-focused projects for its "Champions of the...

Áder Slams COP as Ineffective, Proposes G20 as Basis for Future Climate Policy Discussions

Using words such as “circus” and “hypocrisy,” Hungary’s former President János Áder lambasted the annual United Nations Climate Conferences (COPs),...

Áder: Hungarian Researchers Propose ‘Sustainability Turnaround’

Hungarian researchers have worked out a methodology for replacing GDP with a "sustainability turnaround" indicator showing the negative effects of...

European Greentech Firms Eye Japanese Market Through Eco Campaign

Hungarian consultancy firm Sudy & Co. has launched a new campaign aimed at helping European greentech companies break into the...

Hungary Posts Impact Study of Nat’l Energy and Climate Plan

The Energy Affairs Ministry has issued an impact study of Hungary's National Energy and Climate Plan for public debate....

Meijer&Co Organizing 24-hr Walk in Városliget, Raising Funds to Regreen the Planet 

What began as an unconventional idea in 2021, with four friends attempting to walk non-stop for 24 hours in Amsterdam...

Afforestation Program Planting 56,000 Trees by Year-end

By the end of the year, the number of trees planted in the Settlement Afforestation Program will reach 56,000, said...

EC Acknowledges Pécs for Steps to Achieve Climate Neutrality

The European Commission acknowledged Pécs for its plans to achieve climate neutrality with the award of the EU Mission Label...

Hungary Establishes Nat’l ESG Council

The National Economy Ministry on Wednesday announced the establishment of the National ESG Council which will play an important role...

Bábolna Establishing Hungary’s 1st Energy Community

Hungary's first energy community, capable of operation and officially registered, is being set up in the town of Bábolna (90...

GVH Recommends Anti-Greenwashing Measures

Hungary's Competition Office (GVH) has recommended lawmakers establish a uniform system for gauging the environmental impact of products to help...

Hungary Restarting ‘Golden Visa’ Program

Hungary will offer a residency permit for those who purchase expensive property in the European Union nation six years after...