In an unprecedented move, Hungary’s President Katalin Novak announced her resignation this Saturday, sparking a significant political event in the country’s history. This decision comes in the wake of severe public criticism and protests in Budapest, stemming from her contentious decision to pardon an individual involved in a sex abuse case at a children’s home. […]
Hold the front page! Neeraj Chopra, India’s shining star in athletics, has done it again! With a mind-blowing javelin throw of 88.17m in Budapest, Hungary, Neeraj Chopra has become the first-ever Indian athlete to win a gold medal in this event at the World Athletics Championship. Let’s not forget that Pakistan’s Arshad Nadeem bagged the […]
HCL Technologies has agreed to acquire Starschema, a Hungarian provider of data engineering services, for $42.5 million in cash. Based in Budapest, Starschema offers consulting, technology, and managed services in data engineering to major companies in the US and Europe. Tamas Foldi — Founder and CEO of Starschema said: “Joining HCL will enable us to […]
Gazprom Export, a subsidiary of Gazprom, has signed a couple of long-term contracts with Hungarian natural gas trader MVM CEEnergy in Budapest for enabling supplies of Russian gas to Hungary. The two 15-year contracts envisage total supplies of up to 4.5 billion cubic meters of gas per annum. They were inked by the parties in […]
Hotel acquisition news : US-based global private investment company Starwood Capital Group has agreed to acquire Sofitel Budapest Chain Bridge Hotel, a luxury hotel in Budapest, Hungary from hotel operator Orbis Hotel Group for €75 million. The Sofitel Budapest Chain Bridge Hotel is an eight-storied five star hotel located near the River Danube, Hungarian Parliament […]