Magyar Telekom has published its financial results for the second quarter and first half of 2020 on the website of the Budapest Stock Exchange. Among the financial highlights, the company says revenues declined by HUF 3.6 billion, or 2.2% year-on-year, to HUF 157.2 billion in Q2 2020, driven by lower contribution from the SI/IT business […]
About 8,000 objects were discovered during the excavations on the route of the would-be tram-train between Hódmezővásárhely and Szeged, the oldest finds are from the Bronze Age. Experts from the János Tornyai Museum of Hódmezővásárhely carried out small archaeological excavations at eight sites along the route, and their experiences are preserved in tens of thousands […]
Erste Bank Hungary set aside HUF 17 billion in risk costs in the first half of the year, reducing the bank's profit to almost zero. But they say: the situation is already improving. “We have conceded one goal, maybe there will be another, but we will win this match,” Jelasity Radován, President and CEO of […]
In June 2020, retail stores were already open without epidemiological restrictions throughout the country, so their sales volume increased by 0.8% according to raw data and remained essentially unchanged according to calendar-adjusted data compared to the same period last year. The Central Statistical Office says the volume of sales, adjusted for calendar effects, decreased by […]
A recent survey shows that half of the population in Hungary could afford to purchase less fruit this year than in the first half of 2019. There are several reasons: tis year was unfavorable for Hungarian fruit production in all respects, while the crisis situation caused by the coronavirus epidemic put the Hungarians in a […]
By implementing its Green Program, the National Bank of Hungary (MNB) wishes to contribute to reducing risks related to climate change and other environmental issues and to raising the volume of green market financing in Hungary. Following the measures already taken in the banking sector, the Bank says it will start introducing green finances in […]
In July, the number of used cars imported from abroad exceeded 12,000. Mostly older cars come from the west. In July this year, according to DataHouse, 12,196 imported passenger cars were put on the domestic market, an increase of 13% compared to the previous month and 61% compared to the low in April. With this, […]
The field of the 8th PET Cup started out on Monday. The crew of the boats made of recycled materials participating in the competition are expected to free the section of the Tisza between Záhony and Tokaj from several tons of river waste in the next week. Attila Dávid Molnár, the president of the Természetfilm.hu […]
The Millennium and Z generations are determined and want to build a better future in the face of unprecedented health and economic problems caused by the COVID-19 pandemic, according to Deloitte's latest research. The results of the 2020 global survey suggest that these resilient generations may play a key role in creating ‘better normality’. In […]
For the first time in history, an original molecule invented by a CEE headquartered pharmaceutical company (Gedeon Richter's Vraylar), reached blockbuster status in the USA in the first half of 2020. "Thanks to the outstanding performance of our trusted partner Abbvie, Vraylar’s turnover exceeded USD 1 billion in Q2, which triggered the receipt of a […]
In May 2020, the volume of exports was down by 26% and that of imports by 19% compared to the same period of the previous year. The surplus was EUR 102 million. The surplus figure of EUR 102 million means the balance deteriorated by EUR 545 million compared to May 2019. According to calendar-adjusted data by the Central Statistical Office, the […]
The highly successful event of recent years returns to the northern shore of Lake Balaton. The 1960s and ’70s are also evoked by several locomotives and carriages of the color of the era, which can only be found on this line. As a novelty this year, a steam locomotive will also be present, and in […]
According to the latest house price index data by the National Bank of Hungary (MNB), house prices grew by 8.3% in Budapest in the period between 2019 Q1 and 2020 Q1. House prices were unchanged in Budapest quarter on quarter. As a result, this was the second consecutive quarter when house prices did not rise […]
From this Saturday, the Zugliget Libegő (Chairlift) will run again every day, according to the normal opening hours in the Buda Hills. The chairlift was restarted as early as the end of May, but with reduced opening hours. However, from August 1, with the exception of maintenance days on Mondays of even-numbered weeks, it will […]
The winner of the five-kilometer open water swimming event at the 2019 World Aquatics Championships, Hungary's Kristóf Rasovszky won the men's race this year's cross-Balaton swim with compatriot Olympic swimmer Anna Olasz taking gold in the women's field. The 23-year-old world champion completed the classic 5,200-meter distance between Révfülöp and Balatonboglár in about 57 minutes, […]
