• 18 Jun 2024

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30 result(s) for budapest 2023 in Business

Venture Capital Investments Drying Up in Hungary

Venture Capital Investments Drying Up in Hungary

The number of Hungarian companies receiving venture and private equity financing fell by 38% in 2023 compared to 2022, as the total value of investments dropped by 58%, according to a report prepared by the Hungarian Venture Capital and Private Equity Association in collaboration with Ernst & Young.
Sale Announced of Foxpost Box Delivery Chain in Hungary

Sale Announced of Foxpost Box Delivery Chain in Hungary

Wallis and Trueway – the former Finext – have sold box delivery chain Foxpost to a consortium of CVC Capital Partners and the Emma Capital Group, it was announced.
Value of Hungary’s Startup Ecosystem Exceeds USD 2 Billion

Value of Hungary’s Startup Ecosystem Exceeds USD 2 Billion

Hungary’s startup ecosystem was valued at $2.4 billion between July 1, 2021 and December 31, 2023, some 41% higher than in the previous two-year period, according to a joint study by the National Innovation Agency and Startup Genome, an organisation that focuses on helping startup communities globally.
Going Green: New Indian Owner Shuts Down Coke Ovens at Former Troubled Steel Mill in Hungary

Going Green: New Indian Owner Shuts Down Coke Ovens at Former Troubled Steel Mill in Hungary

Hungarian steel maker Liberty Dunaújváros has started shutting down its two coke ovens, Indian owner Liberty Steel said.
Influx of Filipino Workers Rising Rapidly - Vietnamese and Kyrgyz Numbers Up Too

Influx of Filipino Workers Rising Rapidly - Vietnamese and Kyrgyz Numbers Up Too

The number of Filipino guest workers in Hungary grew from 1,100 in 2022 to 6,300 in 2023, an unprecedented increase of more than 5,200, Portfolio reports.
EC Investigation Starts After Spar Claims Special Retail Tax in Hungary Discriminates Against Foreign Companies

EC Investigation Starts After Spar Claims Special Retail Tax in Hungary Discriminates Against Foreign Companies

The European Commission is conducting an investigation into the Hungarian retail tax after the Austrian government and retail chain Spar filed a complaint against it, the EU authority told Reuters.
E-Scooter Sharing Company Blinkee Leaves Budapest

E-Scooter Sharing Company Blinkee Leaves Budapest

Blinkee is discontinuing its electric scooter-sharing service in Budapest, the mobile phone app-based company announced on Facebook.
BUX Among Global Leaders Last Year, Hungarian Blue-Chip Stocks 'Crisis Resilient'

BUX Among Global Leaders Last Year, Hungarian Blue-Chip Stocks 'Crisis Resilient'

The BUX, the benchmark index of the Budapest Stock Exchange, rose by 38% last year and 49% in dollar terms, the second-best performance globally, exchange CEO Richárd Végh told the bourse’s annual awards ceremony.
New Immigration Law Could Pose Work Challenges for Expats in Hungary

New Immigration Law Could Pose Work Challenges for Expats in Hungary

Many companies here are facing the issue that their foreign colleagues in leading and senior positions are treated in the same way as foreign guest workers under Hungary's new immigration law, because they lack a 'documented qualification', which could put them at several legal disadvantages.
Venture Capital Investments Drying Up in Hungary

Venture Capital Investments Drying Up in Hungary

The number of Hungarian companies receiving venture and private equity financing fell by 38% in 2023 compared to 2022, as the total value of investments dropped by 58%, according to a report prepared by the Hungarian Venture Capital and Private Equity Association in collaboration with Ernst & Young.
Sale Announced of Foxpost Box Delivery Chain in Hungary

Sale Announced of Foxpost Box Delivery Chain in Hungary

Wallis and Trueway – the former Finext – have sold box delivery chain Foxpost to a consortium of CVC Capital Partners and the Emma Capital Group, it was announced.
Value of Hungary’s Startup Ecosystem Exceeds USD 2 Billion

Value of Hungary’s Startup Ecosystem Exceeds USD 2 Billion

Hungary’s startup ecosystem was valued at $2.4 billion between July 1, 2021 and December 31, 2023, some 41% higher than in the previous two-year period, according to a joint study by the National Innovation Agency and Startup Genome, an organisation that focuses on helping startup communities globally.
Going Green: New Indian Owner Shuts Down Coke Ovens at Former Troubled Steel Mill in Hungary

Going Green: New Indian Owner Shuts Down Coke Ovens at Former Troubled Steel Mill in Hungary

Hungarian steel maker Liberty Dunaújváros has started shutting down its two coke ovens, Indian owner Liberty Steel said.
Influx of Filipino Workers Rising Rapidly - Vietnamese and Kyrgyz Numbers Up Too

Influx of Filipino Workers Rising Rapidly - Vietnamese and Kyrgyz Numbers Up Too

The number of Filipino guest workers in Hungary grew from 1,100 in 2022 to 6,300 in 2023, an unprecedented increase of more than 5,200, Portfolio reports.
EC Investigation Starts After Spar Claims Special Retail Tax in Hungary Discriminates Against Foreign Companies

EC Investigation Starts After Spar Claims Special Retail Tax in Hungary Discriminates Against Foreign Companies

The European Commission is conducting an investigation into the Hungarian retail tax after the Austrian government and retail chain Spar filed a complaint against it, the EU authority told Reuters.
E-Scooter Sharing Company Blinkee Leaves Budapest

E-Scooter Sharing Company Blinkee Leaves Budapest

Blinkee is discontinuing its electric scooter-sharing service in Budapest, the mobile phone app-based company announced on Facebook.
BUX Among Global Leaders Last Year, Hungarian Blue-Chip Stocks 'Crisis Resilient'

BUX Among Global Leaders Last Year, Hungarian Blue-Chip Stocks 'Crisis Resilient'

The BUX, the benchmark index of the Budapest Stock Exchange, rose by 38% last year and 49% in dollar terms, the second-best performance globally, exchange CEO Richárd Végh told the bourse’s annual awards ceremony.
New Immigration Law Could Pose Work Challenges for Expats in Hungary

New Immigration Law Could Pose Work Challenges for Expats in Hungary

Many companies here are facing the issue that their foreign colleagues in leading and senior positions are treated in the same way as foreign guest workers under Hungary's new immigration law, because they lack a 'documented qualification', which could put them at several legal disadvantages.