Despite the significantly deteriorating environment due to the COVID-19 epidemic, new vehicle sales at AutoWallis performed above market average in the first half: while in Hungary there was a 25% average decrease in domestic sales, this was only 5.6% for AutoWallis. At the same time, international sales of the automotive company listed at the Hungarian […]
Shortly after the resumption of the Budapest-Seoul flight, LOT announced this Friday that from the end of August, it will connect Budapest with a new destination, the city of Wroclaw. The new flight is part of the Polish airline's building a base in Hungary, and in addition to offering a direct flight to a pleasant […]
The state of healthcare, financial/political corruption and poverty – these are the three biggest worries of Hungarians according to a new international poll by Ipsos. 56% Hungarians worry about health problems (this being the highest value globally), but corruption (54%, also the highest value in the world) and poverty (49%, third highest value after Russia […]
The economic crisis triggered by the coronavirus pandemic has wreaked havoc in nearly all sectors of the Hungarian economy and the real estate market was no exception. The latest data show that the number of construction permits plummeted in the wake of the crisis and experts warn that the disappearance of foreign property buyers could […]
Two-time Olympic champion epée fencer Tímea Nagy has been elected as president by the Association of Immortal Hungarian Athletes. The convening of the General Assembly was necessary due to the death of the previous president, György Kárpáti, a three-time Olympic champion water polo player in June. The sole candidate, Tímea Nagy, was unanimously elected president […]
After a shock-like fall in the outlook for domestic economic agents in April, there was a significant positive correction in May and June, according to GKI’s economic sentiment index. The economic sentiment index, prepared by the economic research institute GKI, rose only slightly in July, by two points, as a combined result of improving expectations […]
Horizon Development’s Promenade Gardens office building was acknowledged with a World Silver Award at the FIABCI (the International Real Estate Federation) Prix d’Excellence Awards also known as The Oscars of the real estate industry. During the first 21 years of Hungary’s involvement in the FIABCI Prix d’Excellence Awards Horizon Development picked up five Silver and […]
A series of investments of more than HUF 20 billion will be launched at the southern Hungarian sand dune region, Homokhátság, where irrigation and infrastructure development will also take place. As the Minister of Agriculture announced at the Szeged wholesale market, irrigation will be developed on 1,500 hectares in an environmentally friendly way, it will […]
Over the period of April-June 2020, the average number of people employed in Hungary was 4,408,000 – 103,000 fewer than a year before, the Central Statistical Office (KSH) reports. According to KSH, the economic consequences of the coronavirus epidemic affected the study period in its entirety, so their effects are reflected in the reported employment […]
South Korea-based Samyang Biopharm, specializing in medical devices, has selected Hungary for its first production unit in Europe. The HUF 8.6 billion (EUR 26.2 million) unit, will produce synthetic suture materials and create 55 new jobs in Gödöllő. The Hungarian government contributes about 15% of that amount (HUF 1.3 billion) in non-refundable support. The South […]
The Board of Directors of the Hungarian liquor producer Zwack Unicum, acting under the authority of the General Meeting, approved the previously submitted proposal, according to which the company will pay a dividend of HUF 610.5 million. According to a statement by Zwack Unicum published on the website of the Budapest Stock Exchange, the Board […]
The leadership of the Hungarian capital will launch a city diplomacy academy this fall, Mayor Gergely Karácsony has announced. The mayor says the academy will provide a supply of city diplomats by introducing university students and recent graduates to international and city diplomacy, the Hungarian news agency MTI reports. The head of the academy will […]
The Federation of Hungarian Jewish Communities (Mazsihisz) and the Budapest Jewish Community (BZSH) have closed down the synagogues in Budapest for two weeks and impose a ban on visiting Mazsihisz's Budapest hospital and BZSH nursing home. The Mazsihisz website writes that the leadership of Mazsihisz learned on Sunday that a relative of one of the […]
The wish a little boy requested from the Magic Lamp Foundation was fulfilled at the Professional Fire Brigade in Pápa, W Hungary: he wanted to be be one of them. Firefighters from the Veszprém County Disaster Management Directorate and the Pápa Professional Fire Brigade were happy to comply with the request, as they know this […]
In the first half of this year, 25.3% fewer new cars were sold in Hungary than in the same period last year. This figure is the most favorable in the Central and Eastern European region, with the decline in the surrounding countries typically being above 30%. In addition to Hungary, it was only the Czech […]
