August 20th in is a national holiday in Hungary as the Day of King Stephen, the founder of the Hungarian state. The Hungarian flag was raised on Kossuth Square in front of Parliament to the tune of the National Anthem by the ceremonial guard of the Hungarian Defense Forces this Thursday morning to start commemorations […]
Domestic sales continue to be the main drivers of the Hungarian car market; BMW was overtaken by a Renault. The seventh month did not come as a big surprise in the car market, as there is still a significant deficit in the marketing of new and used cars compared to last year's data, but domestic […]
The number of confirmed people infected with the coronavirus in Hungary now stands at 5,002. There are 7,806 people in compulsory home quarantine. The number of those recovered is 3,665, while that of those deceased is 609. The total number of active COVID-19 cases is 728. The results show that 34% of those infected, 60% […]
The Zugliget Libegő (Chairlift) was inaugurated on August 19, 1970, taking people from Zugliget (District XII) in the Buda Hills to János Hill. At the time of the epidemiological emergency, taking advantage of the forced downtime, the fifty-year-old means of transport was technically renewed earlier this year. As part of the reconstruction, the operation of […]
Hungary’s worse-than-expected economic performance in the second quarter of 2020 may force the government to rethink this year’s budget and financing plan. The weak data could also compel the central bank to alter the course of monetary policy. Hungary’s second-quarter gross domestic product dropped by 13.6%, according to raw data published by the Central Statistical […]
Hungarian-owned energy service and trading company ALTEO Plc. has concluded a stock purchase agreement for the acquisition of Pannon Wind Power Generator Ltd. for HUF 1,153,000,000 from EIH Ltd. The execution of the stock purchase agreement is the first step in the transaction. The ownership of the business interest in Pannon Ltd. will be transferred […]
Debrecen, eastern Hungary saw the opening of the 29th Farmer Expo fair this Tuesday. At the opening ceremony, the Minister for Agriculture, István Nagy said that the significance of the event was increased by the fact that for the first time since the outbreak of the coronavirus epidemic, Hungarian agricultural actors could share their experiences […]
The re-excavation and further scientific study of the mass grave No. 3 at the venue of the 1526 Mohács battle has begun with the help of anthropologists and archaeologists. The archaeologists of the Janus Pannonius Museum in Pécs are working in the area of the Mohács National Memorial, the site of the battle in 1526 […]
The sales revenue in the first half of 2020 of ANY Printing Company Plc. was HUF 13 billion. Exports reached HUF 5.7 billion, which represents a 44% ratio. In the first half of 2020, ANY’s sales revenue is HUF 13 billion, which is 19% lower than in the same period last year. Export sales is […]
In the context of the rolling revision of Takarék Group’s strategy in 2020 the priorities of the Group remain the deepening of synergies between the entities of the Integration, continued improvements in the cooperation between members and in the Group’s competitiveness in general, the bank says on the website of the Budapest Stock Exchange. At […]
Investor appetite remains strong for CEE but a cautious approach is still being applied while markets try to settle, Colliers International reveals in its latest 'H1 CEE Investment Scene' report. CEE Investment volumes for the first half of 2020 reached ca. € 6.26 billion. This figure was boosted by 2 large portfolios totalling in excess […]
The new coronavirus infection (COVID-19) was detected in 39 new Hungarian citizens, which increased the number of infected people in Hungary to 4,916. An elderly, chronic patient has died, bringing the number of deaths to 608, and 3,623 have already recovered. According to official figures on the pandemic-related government website, the number of active infections […]
The development of pet breeding will be helped by the new location of the pet exchange in Monor, which was handed over on Sunday, the Minister of Agriculture István Nagy said at the opening of the fair. The minister added that the European-level fairground created with the financial and professional support of the ministry will […]
This Sunday saw the rowing race between the southern and northern shores of Lake Balaton, a total distance of nine kilometers from Fonyód to Tihany and back. There was such a high interest in the event that the organizers only accepted entries made in advance. The crossing could be entered by human-powered water sports equipment, […]
The government would replace half of the existing bus fleet with electric ones. This will also play a role in making Hungary climate-neutral by 2050. The Hungarian Minister of Innovation and Technology, László Palkovics is of the view that over the next ten years, half of the city bus fleet can be replaced with low-carbon […]
