Initiatives

Initiatives

Citigroup cuts Richter, Egis, Zentiva targets on Russian budget

Citigroup cut its share price targets for eastern European drugmakers Gedeon Richter, Egis and Zentiva after Hungary reduced medical spending...

Initiatives

Siemens says it didn’t break law in Iraq oil-for-food program

Siemens AG said it „believes” the company didn't break the law in connection with the so-called oil-for-food program in Iraq...

Initiatives

Putin cuts energy subsidies to Belarus, pressures Lukashenko

Russian President Vladimir Putin will cut energy subsidies to Belarus this year as the Kremlin increases pressure on the regime...

Initiatives

Elmű, Émász separate distribution activities

Electricity distributors Budapesti Elektromos Művek (Elmű) and Észak-Magyarországi Áramszolgáltató (Émász), both owned by German utilities company RWE-EnBW, have transferred their...

Initiatives

Lukashenko said Belarus „crisis” with Russia was over

Belarus's „crisis” with Russia over export duties on oil shipments has passed, Belarus President Alexander Lukashenko said in remarks broadcast...

Initiatives

OTP Bank buys treasury shares for incentive program

Hungary's OTP Bank Nyrt announced it purchased 100,000 OTP shares at an average price of Ft 8,056 on the Budapest...

Initiatives

Mol confirms resumption of oil deliveries

Hungary's leading oil and gas company Mol said on Thursday that Russian crude oil shipments through the Druzhba pipeline has...

Initiatives

Russian oil blockade of Belarus continues for a third day

Russia's main oil export pipeline to Europe remained closed for a third day as the world's second-largest producer of crude...

Initiatives

Russia may cut oil output after closing main pipeline

Russia, the world's second-biggest oil exporter, may cut crude output after shutting its main export pipeline to punish neighboring Belarus,...

Initiatives

GVH fines Hild Life Annuity Program owners for false claims

Hungary's Competition Office (GVH) on Thursday said it had fined Örökjáradék Property Investment Zrt Ft 500,000 and Hild Property Investment...

Initiatives

Belarus hits Russia with oil tax

Belarus has imposed big taxes on Russian oil pumped through its pipelines to customers in Europe....

Initiatives

Hungary pays out higher percentage of EU funding for 2004-2006, than most new member states

About half of the EU and state co-financing available under the National Development Plan I, Hungary's framework for disbursing EU...

Initiatives

EU calls for urgent talks on Belarus-Russia gas price dispute

A solution to a dispute between Belarus and Russia over the pricing of gas imports must be found urgently to...

Initiatives

Seventh Gripen fighter plane arrives at Hungary’s air base

The seventh Gripen jet fighter out of 14 that Hungary is leasing from Sweden, landed at the Kecskemét military airbase,...

Initiatives

Permira raises Borsodchem stake to 93% through buyout

Permira Advisers LLP, the buyout firm that's spending more than $1.1 billion to buy Hungarian chemicals company Borsodchem Nyrt, said...

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...