According to a recent survey by Deloitte, almost nine out of ten respondents expect real estate market activity to decline in 2020. Between January and April this year, the perception of the players in the sector changed radically. Although more than half of the respondents expect only a short-term economic impact, 90% expressed a pessimistic […]

After a drastic decline in recent months, the number of searches for used cars in Hungary in June already exceed last year's results: the sudden increase in demand mainly affects second-hand cars cheaper than HUF 500,000. That is according to the statistics of the market leader Használtautó.hu (‘used car’). Reasons not only include the higher […]

Routes between Hungary and Transylvania are served again from June 26, thus, it will be possible to travel by long-distance bus from Budapest to more than 15 settlements in the western part of Romania. At first, there will be a direct night bus between Kolozsvár (Cluj-Napoca), Marosvásárhely (Târgu Mureş), Nagyvárad (Oradea), Csíkszereda (Miercurea Ciuc), Székelyudvarhely […]

In July, Magyar Telekom will make available for the first time, with 15 base stations in six waterfront cities – Siófok, Tihany, Balatonalmádi, Fonyód, Balatonföldvár and Balatonszabadi-Sóstó – a 5G service, which enables even higher bandwidth and the simultaneous connection of many more devices. According to the plans, the number of Telekom's stations providing 5G […]

As a result of the COVID-19 epidemic, society expects even greater sustainability measures on the part of large corporations. At the same time, the European Union is moving towards climate neutrality, as part of which it would introduce a special carbon border tariff and extend non-financial reporting obligations to smaller firms. As Ákos Lukács, head […]

The construction of the the new pier 1 has been completed by the planned deadline, to the day, at Liszt Ferenc International Airport. The airport authority is only waiting to receive the usage permit. A statement by Budapest Airport says that once it is issued, passengers will be able to wait for their flights in […]

At its meeting on June 23, 2020, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and lowered the central bank prime interest rate by 15 basis points to 0.75% with effect from June 24, 2020. In a press release, MNB says that its mandate in the […]

Michael Ignatieff has announced his intention to step down as Rector and President of Central European University (CEU) in July 2021, when his five-year term comes to a close, a communiqué by CEU says. The communiqué also states that Michael Ignatieff will continue to contribute to CEU as a university professor, in a chair newly […]

Hungary's electricity consumption has been growing steadily over the last ten years, reaching 45.7 terawatt hours last year after 45.4 terawatt hours the previous year, mainly due to the rapid spread of electricity-powered household and industrial technologies and digitization. The Hungarian Independent Transmission Operator Company Ltd. (MAVIR) also reports that last year, winter peak loads […]

The organizers of the Veszprém-Balaton European Capital of Culture project will be making film picnics, light and classical music programs, contemporary dance and literary events from mid-August, the program commissioner, Tibor Navracsics announced in Veszprém on Monday. Tibor Navracsics added that many events had been planned in preparation for this year's tourist season, but due […]

Upon successfully closing the transaction of taking over the only BMW dealership in the Slovenian capital, the Hungarian automotive group AutoWallis enters the country’s automotive retail market, thus strengthening its presence in the Central and Eastern European region. The Ljubljana BMW dealership, which is also the largest one in Slovenia, opened in 2006, and besides […]

The Embassy of India in Hungary celebrated the 6th International Day Of Yoga (June 21) this past Sunday. This year, the theme for the International Day of Yoga is ‘Yoga from Home’. Keeping the theme in mind, Embassy of India organized a series of events that will not just follow ‘social distancing’ but would also […]

Possibly the most popular figure in Hungary, widely respected and loved horticulturist György Bálint passed away this Sunday evening, just over a month before his 101st birthday. A gardening expert and former TV host, best known for Hungarians as 'Bálint gazda' (Master Bálint) did even in the last days of his life what he had […]

Following the change of regime, the Budapest Stock Exchange (BÉT) reopened its doors on June 21, 1990 with 41 founding members and a single listed share, that of the travel agency IBUSZ. The Hungarian stock exchange started operating on January 18, 1864 in Pest, at the headquarters of the Pest Lloyd Company on the bank […]

The country's first bicycle museum opened this Saturday in Balassagyarmat, northeast of Budapest. In the collection, visitors can follow the development history of bicycles, from the oldest foot-operated treadmills to modern racing bikes. Founder Miklós Olexa, president of the Ipoly Tour Association, which runs the museum, told the Hungarian news agency MTI that among the […]