The European Institute of Innovation and Technology (EIT) has opened a community hub for innovation in Budapest, the organisation told MTI on Monday.
The EIT Community Regional Innovation Scheme (RIS) Hub is part of a European network that extends to nearly 20 countries. EIT said its hubs serve as a one-stop shop for local stakeholders in the countries in which they are established. Their main mission is to ease access to knowledge and innovation support and identify synergies between the EIT Community and local actors. They strengthen local entrepreneurship and build bridges between local and EU innovation networks.
EIT was established in 2008. It is a part of Horizon Europe, the EU’s Framework Programme for Research and Innovation. They said that as an EU body, they are powering Europe’s entrepreneurs and innovators to develop cutting-edge solutions to pressing global challenges, turning the best ideas into products, services, and jobs for Europe.
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Semmelweis University’s timeless buildings are about to get a high-tech makeover – PICTURES!
The iconic project of Hello Wood takes a step forward with its third-generation design, setting a new benchmark in the world of tiny-homes. Building on their expertise in timber construction, CLT house design, and the development of the Kabinka series, they’ve introduced Kabinka 3.0—first brought to life as a holiday home in Balatonakarattya. This new model goes beyond being a one-room luxury glamping pod or a cosy lakeside retreat. It’s a year-round home designed to meet the needs of a family of up to four.
Kabinka 3.0. Photo: Hello Wood
The exterior of the first Kabinka 3.0 reflects the traditional charm of the Balaton region while embracing sleek, modern design elements. The blend of white and light wood creates an elegant and timeless look. The house is strategically placed on the plot to preserve a large, uninterrupted green area for outdoor activities. Panoramic windows at both ends allow natural light to flood the interior, creating a bright and airy living space. The attached terrace is an ideal spot for chilling, chatting with friends, or enjoying a glass of Balaton’s finest wine on a warm summer evening.
A side entrance leads into a small entrance hall, connecting to the spacious living-dining area, the bedroom, and the bathroom. Compared to earlier versions, Kabinka 3.0 offers a larger, more comfortable bedroom, while the open-plan living-dining space serves as the heart of the home for family activities. The fully equipped kitchen makes this cabin perfectly suited not only for vacations but also for everyday living. The upper gallery provides a cosy nook, perfect for reading, relaxing, or as a play area for children.
“We wanted a vacation home for our Balaton property as quickly as possible, so we looked for an efficient solution. We chose Kabinka 3.0 because it was the largest model with fully customizable design options. The house we received, beautifully furnished and equipped right down to the smallest decorative detail, went beyond all our expectations.” — Dr Veronika Vér & Dr Gábor Ősze, Clients
Kabinka 3.0 isn’t just about good looks and comfort—it also features sustainable and energy-efficient solutions. It’s a forward-thinking design that captures the essence of rural charm while catering to the needs of modern living. More than just a holiday home, this cabin is an excellent choice for long-term living, effortlessly combining functionality, sustainability, and outstanding aesthetics.
Semmelweis University is set to undergo a transformative journey, combining the preservation of its historic city-centre buildings with state-of-the-art infrastructure to support education, research and healthcare. This ambitious project respects the architectural heritage of iconic sites while integrating cutting-edge facilities, ensuring that tradition becomes the foundation for future innovation.
Semmelweis University: modernisation strategy
According to Magyar Építők, the development of the two iconic city centre blocks of Semmelweis University will serve education, research and healthcare. The project aims to preserve the urban significance of the Semmelweis University buildings while providing modern infrastructure and the designers have paid particular attention to preserving the historic facades and restoring their original appearance, including the restoration of their colour scheme. The development is part of the Hőgyes-Schöpf-Merei Medical Research Centre, which has now received planning permission and is part of Semmelweis University’s overall modernisation strategy.
Source: Facebook / TSPC Group
New possibilities and reconstruction
The renovations are not just about improving the condition of the buildings, but also bringing new functions to life. The increased capacity of the Faculty of Pharmacy will enable the University to meet its own infusion needs and thus contribute more directly to health services. For both blocks, the investment will improve the conditions for teaching and research activities, as well as expanding pharmaceutical manufacturing processes.
Due to the densely built-up inner-city environment, the project required particularly careful preparation. The WHB Group’s design team emphasised that the focus of the refurbishment was mainly on the reconstruction of existing buildings. Neglected properties of lesser value will be demolished and replaced by new, modern buildings. The conversion will increase the total floor area of the site to 20,679 square metres and the gross floor area to 26,745 square metres.
One of the priority sites is the block on Endre Hőgyes Street, which is already a training centre for pharmacists. Two additional storeys will be added to the building, allowing the designers to create a uniform cornice height on the street frontage. The interior of the building will also be renovated to provide modern teaching facilities and research laboratories.
The second site is the historic palace and courtyard building located near Bakats Square. The property has served many health and social functions throughout its long history, but is currently in a state of neglect. It will be completely renovated and returned to the health sector. In addition to the restoration of the original façade elements and decorations, the building will also feature a reconstruction of the clock tower in the rear wing, which will be restored to its original tower and form.
The exterior of the new parts of the building will have a brick red textured render to match the historic buildings. The facades will be enhanced by plastic plaster ornamentation and modern glazing, while unique shading elements will provide contemporary functionality. The facades of the original buildings will retain their patina and be restored to their original colours, paying homage to the past.
The Semmelweis development: tradition meets innovation
The project will be carried out in several phases. The first phase will involve the renovation of the Bakats Square block, followed by the reconstruction of other buildings and the integration of the whole area. The aim is to provide a world-class infrastructure for the full spectrum of Semmelweis University’s teaching, research and pharmaceutical manufacturing activities, while opening up future opportunities for innovation.
The development of Semmelweis University is an exemplary project that combines the preservation of historical values with the creation of modern functions. The modernisation of the city centre blocks will not only contribute to the development of university education and research but will also enrich the urban landscape. This type of investment shows how respect for the values of the past can become the basis for innovation in the future.
UNCHAIN Fintech Festival, the most prominent banking tech conference in Central and Eastern Europe, proudly announces its 4th edition, set to take place on June 19–20, 2025, in the well-established Fintech Fortress of Oradea (Nagyvárad), Romania. The event will continue to seamlessly merge business impact with an unmatched summer festival experience, delivering cutting-edge content and invaluable connections.
Building on three years of success, UNCHAINenters a new growth phase with strengthened international partnerships. The strategic partnerships with LOT Airlines, Oradea Municipality, and Visa will boost the festival’s direct flight connections across the CEE, enhancing its accessibility and impact, and making it a significant milestone for both UNCHAIN and the region.
“Strategic partnerships drive growth and are the cornerstone of innovation in fintech. Through trusted collaborations, we aim to cultivate an industry revolution over time. Our alliance with LOT Airlines, for example, simplifies travel for participants, offering direct flights connecting all CEE capitals via Warsaw, along with exclusive perks like business lounge access. Similarly, Visa’s continuous partnership with UNCHAINunderscores their trust in the event, providing their international experts with a premier platform for learning, discovery, and innovation and turning them into genuine fintech ambassadors. Such initiatives embody our commitment to growing UNCHAIN into a truly transformative event, a vision made possible by a reinforced team focused on achieving even greater impact in the years ahead,” said Alexandra Pollack, Founder & CEO of UNCHAIN.
Photo: FB/Unchain
A Thriving Network at the Core
The strength of UNCHAIN lies in the network it creates and fosters. To enhance this, the UNCHAIN team consolidates by welcoming David Pollack, an expert in international projects development & financial markets, as a permanent member and growth driver. This renewed team will focus on expanding the community of business and industry advisors, ensuring a comprehensive representation of the region’s diverse fintech landscape. Their mission remains steadfast: to unite the CEE fintech ecosystem, amplify its collective voice, and encourage business growth.
David Pollack, Head of Growth & International Development at UNCHAIN, remarked: “Next year marks a strategic leap for UNCHAIN. We’re cementing the event’s foundation with robust partnerships but also with an elite advisory network that spans all major CEE markets. I am excited about the influx of financial institutions, regulators, innovators, and startups who will enrich the event through their knowledge, ideas, and collaboration.”
UNCHAIN’s Role in Regional Fintech
As the benchmark for fintech and financial services events in the CEE, UNCHAIN is dedicated to driving regional innovation through cooperation, resource access, and elite networking.
Alexandru Chira, Director General at Visit Oradea, stated: “The success of the UNCHAIN Fintech Festival highlights not only the remarkable potential of Central and Eastern Europe’s fintech ecosystem but also the importance of public sector involvement in driving innovation and collaboration. Events like this provide the economy with access to essential networking opportunities and relevant industry insights, fostering growth and development. Oradea is proud to play a pivotal role in creating the infrastructure necessary to support and nurture initiatives like UNCHAIN. Visit Oradea will continue working alongside the festival’s extraordinary project team to bring together regional leaders from fintech, regulators, banks, startups, and academia. We remain committed to contribute to their vision of fostering a collaborative spirit that will resonate across Europe.”
Photo: FB/UNCHAIN
2025 Agenda Highlights
The upcoming edition boasts an expanded agenda, with more enhanced targeting of content. The main stage will transform into a general assembly focused on policy and public sector topics, while the sub-stages will further deliver exceptional quality content.
Digital Banking, with focus on the rise of neobanking and how AI implementations shape the financial ecosystem;
Payments, with focus on Cross-Border and P2P (Peer-to-Peer) models;
Regulation & Compliance, Security being the main topic of discussion in nowadays’s changing digital landscape.
All this will be matched by a lively expo & networking area, enhancing visibility and improving connectivity for the partners
The organizers expect over 120 global speakers from 40 countries, with insights on emerging trends, plus participation from 700+ delegates and 350+ companies. With 70% representation from the financial sector, UNCHAIN is the definitive platform for impactful fintech dialogue.
Bankers, fintech creators and enthusiasts that want to meet global leaders, discover innovative solutions, and expand their network should seize the opportunity to join the most dynamic fintech event in the CEE. Immediate registrations will benefit from the Super Early Bird Offer — 750 EUR, meaning an exclusive 40% discount until January 31st.
See you all at this summer’s UNCHAIN Fintech Festival on June 19-20, 2025, for unforgettable moments.
Hungarian aviation company Fly-coop Légi Szolgáltató Ltd and the University of Pécs are partnering on a project to develop a device that can pinpoint the location of culprits who shine lasers at aircraft, the company told MTI.
The partners have won HUF 597m in support from the National R+D+I Office for the project.
Fly-coop and the universityaim to produce a device, by the summer of 2026, that can be attached to aircraft, pinpoints the source of lasers and sends the location to local authorities within seconds.
Fly-coop had revenue of HUF 5.4bn in 2023, public records show.
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Hungary is participating as a guest of honour at the China International Fair for Investment and Trade (CIFIT) in Xiamen, China, Levente Magyar, a state secretary of the foreign ministry, said in his opening remark at the event.
China International Fair for Investment and Trade
“This is a great opportunity and a great honour for us,” as many companies can present themselves with products, services and innovative solutions, he said. Mr Magyarnoted that Xiamen is located in Fujian province, the source of most Chinese FDI, therefore they have held talks with the governor and the city administration on how to further expand relations.
China International Fair for Investment and Trade (CIFIT) in Xiamen, China. Photo: MTI/KKM (Külgazdasági és Külügyminisztérium)
The state secretary noted that next year Xiamen will become the eight city in China that will have a direct flight to it from Budapest. They also discussed cultural ties, he added. The CIFIT events is being organised for the 24th time.
Hungary is being represented at the event by the Hungarian Export Promotion Agency (HEPA), the Hungarian Tourism Agency, national investment promotion agency HIPA, Agrarmarketing Centrum (AMC), the Hungarian Wine Marketing Agency, the National Industrial Park Management and Development Company (NIPUF) and the Hungarian Innovation Agency.
China International Fair for Investment and Trade (CIFIT) in Xiamen, China. Photo: MTI/KKM (Külgazdasági és Külügyminisztérium)
China International Fair for Investment and Trade (CIFIT) in Xiamen, China. Photo: MTI/KKM (Külgazdasági és Külügyminisztérium)
The Pujiang Innovation Forum in Shanghai opened on Saturday with Hungary participating as a guest of honour at the four-day event.
“Our goal is to strengthen our research, scientific and innovation relations with our Chinese partners, because if we look around the world, we can see that China is ahead not only of Europe, but also of the United States in innovation and science,” deputy state secretary for innovation László Bódis said at the event.
In the fields of science, research and innovation Hungary also wants to be at the forefront of the world, so it is essential to establish close cooperation with Chinese companies and universities, Mr Bódis said.
Hungary is represented at the event with around forty experts, company and university leaders, who will showcase at the forum in which areas Hungarian innovation provides world-class performance. The Pujiang Innovation Forum is being held for the 17th time since its inaugural event in 2008.
In recent years, Hungary has witnessed a remarkable surge in eco-friendly startups, each contributing uniquely to the global push for sustainability. These innovative ventures are not only addressing local environmental issues but are also making significant strides on the international stage. From renewable energy solutions to waste management technologies, Hungarian startups are paving the way for a greener future.
A New Wave of Sustainability
The increasing awareness of environmental issues among consumers and businesses alike has fueled the growth of eco-friendly startups in Hungary. These startups are leveraging cutting-edge technologies and creative approaches to tackle some of the most pressing environmental challenges. Their efforts are not only helping to reduce carbon footprints but are also fostering economic growth and creating jobs.
One standout example is GreenGo, Hungary’s first all-electric car-sharing service. By providing a convenient and sustainable alternative to traditional car ownership, GreenGo is reducing the number of vehicles on the road, thereby cutting down on emissions and traffic congestion. This innovative solution is a testament to how eco-friendly startups can transform urban mobility.
Innovating
Hungarian eco-friendly startups are diverse in their focus areas, ranging from renewable energy and sustainable agriculture to waste management and eco-tourism. Platio Solar Pavers, for instance, has developed a groundbreaking solution for generating clean energy. Their solar pavement system, which can be installed on sidewalks, parking lots, and other surfaces, harnesses solar power to generate electricity. This not only reduces reliance on fossil fuels but also makes use of previously untapped urban spaces.
In the realm of sustainable agriculture, Edutus Smart Garden offers urban gardening solutions that enable city dwellers to grow their own food in a compact, efficient manner. Utilizing advanced hydroponic systems, Edutus Smart Garden promotes local food production, reducing the carbon footprint associated with transporting food over long distances.
Challenges
Despite their innovative solutions, eco-friendly startups in Hungary face several challenges. Access to funding remains a significant hurdle, as investors are often hesitant to take risks on relatively new and unproven technologies. Additionally, regulatory barriers can slow down the implementation of sustainable solutions.
However, the Hungarian government is beginning to recognize the importance of supporting these startups. Initiatives such as the Hungarian Development Bank’s Green Economy Financing Program are providing much-needed financial support to eco-friendly ventures. This program aims to stimulate investments in renewable energy, energy efficiency, and other green technologies.
Building a Future
As more consumers and businesses embrace sustainability, the demand for eco-friendly solutions will continue to grow. Hungarian startups are well-positioned to meet this demand with their innovative products and services. Collaboration between the private sector, government, and academic institutions will be crucial in fostering an ecosystem that supports the growth and scalability of these ventures.
Moreover, understanding the financial aspects of launching a sustainable startup is critical. For instance, many aspiring entrepreneurs often wonder, how much does it cost to make a website for their new venture? The cost can vary widely depending on the complexity and functionality required. However, affordable and scalable options are available, enabling startups to establish an online presence without breaking the bank.
Utilizing Web Application Development
Many Hungarian eco-friendly startups are enhancing their user engagement and operational efficiency by integrating web application development into their operations. By developing custom applications, these startups can provide more interactive and user-friendly platforms for their customers. This technological integration not only differentiates their services but also opens up new revenue streams and market opportunities.
Global Impact
Hungarian eco-friendly startups are not only making waves locally but are also gaining recognition on the global stage. Their innovative solutions are being adopted in various countries, showcasing Hungary’s potential as a leader in sustainable innovation. By addressing environmental challenges through creativity and technology, these startups are contributing to the global effort to combat climate change and promote sustainability.
Conclusion
The rise of eco-friendly startups in Hungary is a testament to the country’s innovative spirit and commitment to sustainability. These startups are driving significant environmental and economic benefits, positioning Hungary as a key player in the global green economy. As they continue to grow and scale, their impact will only increase, inspiring other nations to follow suit in the quest for a sustainable future.
Disclaimer: the author(s) of the sponsored article(s) are solely responsible for any opinions expressed or offers made. These opinions do not necessarily reflect the official position of Daily News Hungary, and the editorial staff cannot be held responsible for their veracity.
The first fully Hungarian developed VR space cabin fitted with VR technology was presented in Budapest on Thursday.
The cabin dubbed SpaceBuzz-HU enabling virtual space travel will be provided free-of-charge to Hungarian schools to be used as part of an educational scheme presenting the vulnerability of the planet.
Orsolya Ferencz, the ministerial commissioner in charge of space research at the foreign ministry, told the event that SpaceBuzz would give students the opportunity to experience the operation of the International Space Station. The aim of the educational scheme is to attract the attention of students to nature and environmental protection, natural sciences, technology, engineering and mathematics, she said.
Photo: MTI
The ministry has supported the project with 9 million forints (EUR 23,000).
The first VR space cabin with a capacity to host 12 people will be built by the first half of 2025 when the Hungarian astronaut Tibor Kapu is set to travel to space, István Zentai, board chairman of the SpaceBuzz Hungary foundation, said.
Photo: FB/Neumann Technológiai Platform – NTP
Photo: FB/SpaceBuzzH
Photo: FB/SpaceBuzzH
Photo: FB/SpaceBuzzH
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After 44 years, Hungarian astronauts will conquer the space!
Over the past six months, more than 90 Hungarian SMEs have had the opportunity to showcase their healthcare innovations on the international stage. The innovation competition, organised by EIT Health and iLex powered by Budapest Chamber of Commerce and Industry, has opened doors for these companies to find European partners to validate and market their projects. Among numerous outstanding projects, nine were awarded first place in six categories by an international jury. These projects range from a smart pen for post-stroke rehabilitation to a needle-free medication delivery system.
The competition concluded in early June with an awards ceremony at the Budapest Chamber of Commerce and Industry (BKIK) headquarters. EIT Health InnoStars, part of the European Institute of Innovation and Technology (EIT), a body of the European Union and the iLex Group, a legal-innovation development and AI research start-up group, invited applications from innovative SMEs whose projects promise significant impacts in the healthcare industry.
Participating teams showcased their innovations to a European audience through EIT Health’s extensive network, gaining insights and feedback from international experts, and learning about European best practices in health innovation. The entries were judged by a nine-member jury of Hungarian and international experts, chaired by Hans Hofstraat, former Vice President of Innovation at Philips Research. Other notable jury members included Dr. Ferenc Dietz, President of Dennis Gabor University; Bertalan Jászkuti, CEO of Syreon Research Institute; Ákos Csókay, Secretary General of BKIK; and Dr. Tamás Bábel, a biotechnology expert.
Distinguished guests at the award ceremony included László Bódis, Deputy State Secretary of the Ministry of Culture and Innovation, who spoke about SME innovation activities and state programmes aimed at strengthening SMEs. Ádám Rottenbacher, Chief Operating Officer of the European Institute of Innovation and Technology (EIT) was also a key speaker of the event, highlighting the contribution the EIT makes to support innovative SMEs. Honoured guests at the ceremony included László Korányi, Deputy Director General of the National Innovation Agency; and Ákos Karsay, Head of Department at the National Health Insurance Fund Management.
The EIT emphasizes collaboration between education, research, and industry, the so-called knowledge triangle. To underline this commitment, representatives from several higher education institutions attended the ceremony, including the University of Óbuda, University of Debrecen, Hungarian University of Physical Education and Sport Sciences, and Dennis Gabor University. Investors and accelerators, such as the White Unicorn incubator and venture capitalists from Óbuda University, including Imre Hild from Széchenyi Capital Fund and Ákos Dervalics from GreenBrother, were also present.
“No one can innovate alone; collaboration and networking are essential—and this competition has significantly facilitated that. We are proud to provide a platform where talented entrepreneurs can showcase and validate their developments, finding new partners to enter the European market. Hungarian entrepreneurs can collaborate with organizations like SYNLAB Italia, one of Europe’s largest diagnostics groups. Networking proves effective, as recently demonstrated by a French research institute developing and marketing a test for diagnosing bipolar disorder with SYNLAB Italia. We hope to soon assist Hungarian innovators in finding the partners they need to advance,” said Dr. Ferenc Pongrácz, Deputy CEO of EIT Health InnoStars and one of the jury members.
“The power of innovation lies in our ability to transform bold ideas into reality and make a tangible difference in the world. For iLex Group, it is crucial to support companies that aim to enhance healthcare with their solutions. This competition provided an excellent opportunity to showcase the significant results that Hungarian SMEs can achieve. We are proud to have been part of this journey and are excited to see how these innovative ideas will shape the future,” said Dr. Marianna Ritter, CEO of iLex Group and one of the jury members.
“The words ‘innovation’ and ‘inventor’ carry positive connotations, but in Hungary, the word ‘entrepreneur’ often does not. I am delighted that we encountered so many brave and talented entrepreneurs at the competition and awards ceremony. As the largest regional chamber in the country, our aim is to provide meaningful and effective support to our thousands of voluntary members and the 300,000 registered businesses in Budapest. Budapest is full of talented entrepreneurs who demonstrate their creativity and perseverance every day. I believe that with the right support and, most importantly, partnerships, we can help them reach the next level. I congratulate all the participants and wish for Hungarian innovations to continue gaining worldwide recognition,” said Dr. Ádám Balog, Vice President of BKIK.
The winners – Hungarian innovations for a healthier Europe
The jury awarded 9 companies 1st prize in 6 categories.
Healthcare Software: Fitpuli Ltd. and Kreativo Ltd. for the Fitpuli Surgery mobile application, aiding in elective surgery preparation and rehabilitation.
Medical Device: Krisztina Katalin Puskás and her team for GraphoPen, a tool for stroke patient rehabilitation through neural stimulation and measurement.
HealthcareService Innovation: Pálvölgyi-Digital Ltd. for developing needle-free treatment centres for painless, safe, and environmentally friendly drug administration.
EnvironmentalSustainability: LenoPack Ltd. for a recycling project to reduce plastic use in healthcare institutions.
Healthy Food: Hello Good Food Ltd. for developing allergen-free, low-carbohydrate, high-fibre pizza and bread.
Facilities Management Solutions for Healthcare Institutions (joint 1st place for three teams):
GWR NANO Ltd. for the durable, energy-efficient and fast-applying nanoceramic thermal insulation material of the same name,
OrthoGraph Ltd. for its RFID-based solution for hospital cleanliness monitoring and management of hospital beds through 3D building information services,
and NanoCleanWorld for developing two cost-effective and environmentally friendly (hydrogel and GB Universal) water purification technologies.
In addition to the winners in each category and special prizes, certificates of completion of the Syreon Research Institute eHTA training were awarded at the ceremony. Early Health Technology Assessment (EHTA) is a methodology for assessing early-stage health technologies.
A lifetime achievement award was presented to Prof. Dr. Károly Bretz, a 93-year-old honoris causa professor of kinesiology at the Hungarian University of Physical Education and Sports Sciences, who continues to innovate with numerous patents during his career and is still active today (his project for the instrumental examination and rehabilitation of patients with osteoporosis won 2nd place in the medical device category).
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New Hungarian AI software may transform the global hospitality industry, details HERE
At an exclusive event in Budapest, the latest innovation in AI, Everguest Intelligence, a new AI software, was unveiled to the Hungarian professional audience. This groundbreaking software is poised to revolutionise the tourism and hospitality sectors by leveraging artificial intelligence to enhance operations and guest experiences. With over 250 properties already on the waitlist before its official launch, Everguest Intelligence has garnered significant attention. The software has also been showcased across Europe, at conferences in places such as Barcelona, Amsterdam, and Vienna, receiving enthusiastic acclaim everywhere.
Everguest Intelligence is not just another application
AI is already an integral part of our lives today, yet it continues to raise questions and concerns. Many people worry about AI potentially threatening their jobs as it can perform numerous tasks independently. However, Everguest has demonstrated that AI can be a powerful ally in tourism, especially when its benefits are combined with human expertise, creating a synergy that hotels can capitalise on.
Kitti Gondos, Head of Reputation at Everguest, shared her personal experience with the rise of AI and the initial challenges that turned into advantages over time. “AI fundamentally changed my work, and at first, it was frightening because it seemed to replace the processes my colleagues and I performed. It was a difficult feeling to process, as if all our efforts were becoming obsolete. But then I realised that while we can’t change the circumstances, we can change how we respond to them. By focusing on what we can achieve with these new tools, we created Everguest Intelligence, which has amplified the value we provide to our clients.” – emphasised Kitti.
Indeed, Everguest Intelligence is not just another application; it is a comprehensive solution that transforms business processes and significantly improves user and guest experiences.
Unprecedented insights into guest preferences and behaviours
Miklos Belan, Founder & CEO of Everguest, highlighted, “The advent and rise of AI present enormous opportunities. The AI revolution is not just another element of the fourth industrial revolution but the most defining technological revolution in human history.”
The core of Everguest Intelligence is its robust AI architecture designed for high accuracy and efficiency in text creation and analytics. The integration of learning and predictive analytics allows hotels to gain unprecedented insights into guest preferences and behaviours. Moreover, the system is user-friendly, eliminating the need for lengthy and complicated training sessions.
Kristof Szegedi, Project Leader of Everguest Intelligence, stated that significant emphasis was placed on making the software easy to use, thereby simplifying, streamlining, and enhancing daily workflows. “In recent years, we have strived to be the best in the tourism sector. We are continuously working to add new user-friendly and useful innovative features to the application,” highlighted Kristóf.
Vienna, Barcelona, and Amsterdam
The event in Budapest marked the conclusion of the Hungarian launch phase, during which more than 250 interested parties signed up for the Everguest Intelligence waitlist, in addition to several dozen international operators and chains.
The Budapest event crowned weeks and months of success, as Vienna, Barcelona, and most recently Amsterdam have experienced the software’s positive attributes and incredible current and anticipated developments. Nearly 150 participants attended the event, where they listened to exciting presentations about AI, the advantages of the software, and the results of a comprehensive public opinion survey conducted by TÁRKI on behalf of Everguest. The survey revealed insights into how Hungarian travellers perceive guest reviews, how these reviews influence their travel decisions, and their attitudes towards AI.
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The Auróra Hotel in Miskolctapolca, Northeast Hungary, is the first hotel in the country to accept Bitcoin as a payment method. According to the management, they have long-term plans for the Bitcoin they receive as payment.
The first Hungarian Bitcoin hotel
One might assume that the first hotel in Hungary to allow guests to settle their bills with Bitcoin would be located in Budapest. However, it is situated in the popular bathing town of Miskolctapolca, a suburb of Miskolc in Northeast Hungary. Wondering what to see there?
The 150-metre-long Cave Bath is one of the most spectacular baths in Hungary. It features indoor and open-air pools, some of which are located in a large natural cave. The bath is open all year round. In front of it, there is a large park with a boating lake. We detailed the wonders and beauties of Miskolctapolca in THIS article, complete with photos.
Photo: FB/Hotel Auróra
Ferenc Kovács, the owner of the local Aurora Hotel, told turizmus.com that they began allowing guests to pay in Bitcoin on 25 May. Mr Kovács explained that they decided to accept Bitcoin due to the management’s innovative attitude and forward-thinking strategy.
The owner’s plans for Bitcoin Income
Visitors choosing to settle their bills with the digital currency can use the Bitcoin Lightning Network, ensuring the transaction remains safe, immediate and low-cost. The hotel does not issue bills in Bitcoin. Instead, guests receive a traditional HUF bill, with the final sum converted to Bitcoin based on the current Bitcoin-forint exchange rate, if needed. According to the hotel, they comply with all relevant regulations regarding the new payment method.
Photo: FB/Hotel Auróra
Photo: FB/Hotel Auróra
The hotel owner stated that they aim to be pioneers in introducing new technological developments. They believe that independent digital payment methods have a positive impact on society and their guests. Based on their calculations, 0.5% of their revenues will come from Bitcoin transactions, although Kovács acknowledged that this was difficult to predict.
The restaurant of the hotel. Photo: FB/Hotel Auróra
He has long-term plans for the collected Bitcoin, intending to invest it in the hotel’s renovation, modernisation and other innovations over the next 8-10 years.
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New Hungarian hotel opens in a beautiful forest setting – PHOTOS and details in THISarticle
The Hungarian Fintech Association has signed a letter of intent on cooperation with the Dubai-based MENA Fintech Association with the aim of boosting cooperation and promoting innovation.
In a statement, the associations said they were in agreement that competitive national economies could not function without a digitalised financial system and digital financial solutions.
The memorandum was signed by the heads of the associations at the Dubai Fintech Summit. The event was attended by representatives of Hungarian fintech start-ups, MBH Bank and MBH Fintechlab, among others.
Established in 2018, the MENA Fintech Association is one of the world’s four most active fintech associations with a strong presence in the Middle East and Africa. It is a leader in promoting innovation and building cooperation in the fintech industry. Its members include fintech start-ups, SMEs, financial institutions, tech firms, scientific circles, investors, accelerators, regulators and decision-makers.
The Hungarian Fintech Association was established in 2020 and has 56 members. Its main function is to assist policymakers, regulators and financial institutions in improving the regulatory environment for the fintech sector. The association also assists its Hungarian members in entering foreign markets and its international members in entering the Hungarian market.
Something unprecedented is happening in Hungary: new shops are opening in the country that will not have any sales staff and can operate non-stop, seven days a week.
The first remote-managed shops will be launched in Hungary as early as this summer, according to a statement published on Thursday and reported by Világgazdaság.
They will operate in conventional mode during the day and in automatic mode at night, i.e. without staff. The technology allows these new shops to serve customers non-stop, seven days a week.
It is the Czech example that has shown that remote management can make it economically viable to run a shop in locations where it is impossible to operate a business profitably under the traditional model. This new solution could also offer the possibility for people living in smaller, rural communities to have access to basic food and other products locally at any time.
A good way to address a social problem
According to Világgazdaság, the new model was adapted to the Hungarian conditions by Laurel Ltd. The company will present the concept in detail in mid-May; however, it is already known that its introduction is under preparation in several store chains.
At Laurel, they see the innovation not only as a step forward for consumers and retailers but also as a way to address a growing social problem:
“It’s clear that even the biggest global players in retail are looking at how to implement automated stores in the most efficient and economical way. […] Our solution is fully automated, even for container-sized stores, but our analysis shows that the so-called hybrid model is currently in greater demand in the domestic market,” said István Bessenyei, owner of Laurel Ltd.
How will these new shops operate?
Illustration: Pixabay
In practice, it is envisaged that existing shops will continue to operate as before during the busiest hours. Meanwhile, outside normal opening hours (nights, holidays) they will be fully automated, with so-called remote monitoring. Shoppers can then enter the store and pay using technologies that are already reliably in operation in a number of locations.
According to Laurel, it is reasonable to assume that the system will be a success in Hungary. They believe that customers will find it easy to use and will be happy to come into the new shops at any time. At the same time, retailers will gain significant additional revenue while optimising their operating costs.
According to turizmus.com, these new shops will be able to attract tourists in places where shops might close as early as 6 PM.
The first Hungarian mass-produced satellite could be launched by 2027-28: there may soon come the day when the country enters the space age. The momentous news was announced by Márton Nagy, Minister of National Economy, at the groundbreaking ceremony of the first Hungarian space manufacturing centre.
The government-affiliated 4iG Group together with REMRED Plc. laid the foundation stone of the first Hungarian aerospace manufacturing centre in Martonvásár, in Fejér county, where the Minister of National Economy Márton Nagy spoke of the future of Hungarian space strategy, index.hu reports.
The new REMTECH factory will span a total area of 4,000 square metres with a special 1,500 square metre laboratory. Using modular technology unique in Europe, the production, assembly, and testing of low-orbit satellites weighing up to 400 kilograms will be carried out here.
The greenfield investment will be equipped with innovative and modern technologies fully up to aerospace industry standards, including a stand-alone solar farm to power the factory once it is completed.
Mass-produced satellites to be important parts of the Hungarian space strategy
Márton Nagy recalled that when the government adopted the first Hungarian Space Strategy back in 2021, many people scoffed at the plans. This new project is proof of the strategy’s success: 85 new jobs with high-added value are to be created, with the manufacturing centre also serving as the base for future innovation. In addition to international collaborations, the domestic knowledge industry and education will be linked to future projects.
As the space industry is one of the fastest growing and, according to international surveys, crisis-resistant industries in the world, the future of the sector seems to be secure in the long term. Moreover, its value is estimated to reach USD 1,800 billion by 2035, up from USD 630 billion in 2023.
The 4iG Group’s joint investment with REMRED in the mass-produced satellite industry will give Hungary a unique technological advantage in the Central and Eastern European region. The deal will strengthen Hungary’s capacity for innovative technologies, which will improve competitiveness, something that is crucial to creating a stable economic environment for the future, Nagy said.
The space industry plays a role in security policy, too
Hungary’s satellite manufacturing capability is not only important for the economy and security but it is also an issue of sovereignty, Márton Nagy and István Sárhegyi, CEO of the space and technology holding company of the 4iG Group, stressed.
They both highlighted that, in addition to the key role that the high-tech manufacturing centre would play in the Hungarian and international space industry from 2026, its technological capabilities can be a strategic element of national sovereignty and security policy.
“Our current civilization would not be sustainable without satellites,”
raketa.hu quotes an earlier statement by Sárhegyi. The CEO said that the infrastructure and knowledge the mass-produced satellite project, and on the whole, the space industry can provide to Hungary is of paramount importance. Satellite data and the critical infrastructure based on it, such as the provision of accurate and instant communication globally, are essential in the 21st century. This has been proven, for example, by the Russian-Ukrainian war.
Sárhegyi also said that in recent years, the cost of launching satellites has fallen significantly, allowing new players to enter the space industry. Indeed, smaller countries are playing an increasingly important role in the development of mass-produced satellites alongside major powers: something that provides ample opportunity for investment in Hungary.
According to Márton Nagy, the aim is to have the first satellite ready at the new centre by 2027 or 2028.
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Tenders under the 340 billion forint (EUR 866.3m) János Neumann Programme are helping to boost Hungary’s competitiveness, Balázs Hankó, the innovation and education state secretary, told commercial broadcaster Tv2 on Monday, declaring that Hungary should be among the top 10 most innovative countries in Europe by 2030.
The country which is 96th in the world in terms of demographics, 49th regarding its economy, 33rd its innovation, and 11th when it comes to the number of Nobel laureates per capita, was placed on the list of European innovator countries last year, the culture and innovation ministry official for innovation, higher education, vocational training and adult training noted.
Strong ties between businesses and universities increase competitiveness, and the purpose of the tenders is to connect universities, companies, innovators, and vocational trainers with a view to maximising the number of new Hungarian patents.
Of the total budget, 147 billion forints this year are government strategic resources, 60 billion more than the previous year, while 193 billion are EU funds advanced by the government.
Another goal of the János Neumann scheme is for one of the world’s top 100 universities to be Hungarian by 2030, and 3 to be among the European top 100, he said.
Foodora started drone food delivery in Sweden in cooperation with Tele2 and Aerit. This is the first time a company has initiated such a service on the globe. Will that result in sending away all the delivery riders in Hungary because machines will take their place?
According to infostart.hu, the service will be available in Sweden every day, and they will expand the number of partner businesses in the next few months. The service will launch near Stockholm in the Värmdö region, where islands dominate. Foodora aims to provide home delivery even in places which are hard to access.
Drone delivery in Sweden
The logistics director of the Swedish Foodora, Daniel Gustafsson Raba, said accessibility is a question of democracy for them. Péter Garay, the operative director of the Hungarian Foodora, added true innovations were born from need.
Garay added that there are no places in Hungary which are extremely difficult to access. Therefore, their delivery partners will always be indispensable. Technology will always be a helping hand, he highlighted. Garay said it would be great if they automated delivery in large campuses or office buildings. But they will always need people to deliver the products to those campuses and office buildings.
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Experts from Hungary and South Korea discussed opportunities for technology and knowledge transfers at an event in Budapest organised in the framework of the Economic Innovation Partnership Programme (EIPP) on Tuesday, the national economy ministry said.
The focus of the EIPP, which paves the way for the involvement of Hungarian researchers in projects, is e-mobility and the development of carbon-neutral transportation, the ministry said.
Addressing the event, deputy state secretary for technology Szabolcs Szolnoki noted that South Korea had been the biggest foreign investor in Hungary in 2021.
Featured image: illustration
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