Hungary's MOL Group announced its financial results for the first half and second quarter of 2020. In the first six months, the Group delivered USD 975 mn EBITDA while Q2 EBITDA significantly declined compared to last year, due to the pandemic and economic crisis. The 2020 capex guidance of up to USD 1.5 bn was […]
Skanska, one of the leading development and construction companies in Europe. invests about EUR 65 M in the first phase of the new office complex H2Offices located in the Hungarian capital. The project will offer a total leasable area of about 26 000 square meters. Designed to obtain WELL and LEED certifications, the project stands […]
Two elderly chronically ill people died in Hungary, bringing the number of deaths new coronavirus infection (COVID-19) in this country to 602. The new coronavirus infection (COVID-19) was detected in 24 more Hungarian citizens, which increased the number of infected people in Hungary to 4,621 with 3,464 already recovered. The number of active infections is […]
Vodafone Hungary has announced another development affecting the Lake Balaton region: the operator has turned on its 5G base stations in Siófok, allowing people with 5G-enabled devices to access the new generation network in the ‘capital city’ of the south coast. The Siófok stations are already using the 3500 MHz frequency range obtained at the […]
As the world is preoccupied with tackling the economic fallout caused by the coronavirus crisis, a new trend is emerging: a more pronounced drive toward sustainable consumption. Less meat and shorter travels, more local produce in the shopping cart, and a conscious departure from mass consumption are the key aspects of this new consumer behavior. […]
Budapest Airport has welcomed the 3500th flight of Cargolux at Liszt Ferenc International Airport. The Luxembourg-based airline has been ensuring connections between airports around the world, air freight operators, and Budapest Airport for 18 years now. 18 years, 3500 flights, more than 200 000 tons of air cargo of the electronics, automotive, and pharmaceutical industries, […]
Due to the technical condition of the 143-year-old Nyugati Railway Station and the preservation of its monumental value, as well as its prominent role in railway traffic, the reconstruction of the roof structure of the building complex as soon as possible became urgent. MÁV Hungarian Railways says that in order to carry out the work […]
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 […]
