Although the GKI economic sentiment index rose by a larger extent in June than in May, it eliminated only less than half of its April fall. The consumer confidence index rose to a greater extent in May and the business confidence one in June. According to the empirical survey conducted by the Hungarian Economic Research […]
Krisztián Kulcsár was elected President for another four years at the general assembly meeting of the Hungarian Olympic Committee this Saturday. The re-elected President, who has been in office since May 2017, was the only candidate. He received 103 supportive votes from the membership, and three delegates voted against him.Since the General Assembly unanimously amended […]
The National Bank of Hungary (MNB) issues a silver collector coin with a face value of HUF 10,000 and its non-ferrous metal version of HUF 2,000 to mark the 30th anniversary of the re-establishment of the Budapest Stock Exchange on June 21, 2020. As a successor of the first stock exchange in Hungary established over […]
As of June 18, EU and EEA citizens as well as Hungarians returning from these countries may enter Hungary without restrictions; UK citizens may only enter Hungary with separate permission. Based on the regulation ending the ‘state of danger’, from June 18, citizens of the European Union as well as those of Liechtenstein, Switzerland, Norway […]
The number of deaths related to the COVID-19 pandemic has not increased in the last 24 hours in Hungary. It remains at 568. The new coronavirus infection (COVID-19) was detected in only two more people in the country, thus increasing the number of infected people identified in Hungary to 4,081. The number of people who […]
UniCredit has entered into a COVID-19 support package offered by the European Investment Fund (EIF) allowing the bank to provide working capital loans to CEE SMEs and mid-caps guaranteed by the EIF at a rate of 80% (previously 50%) under simplified eligibility criteria. The new measures extend the application of the InnovFin guarantee also to […]
Given the COVID-19 situation, the Nordic embassies in the Hungarian capital chose to celebrate Midsummer Night differently - in the form of a webinar. Nordic light is unique. You find it in our design, in our art, in our music, in our values. This time of the year you also find it in our nature […]
Ten foreign publishers have already purchased the publishing rights for the book 'Our Cube' by Ernő Rubik, a Kossuth and Széchenyi Prize-winning game designer. It will be published in Hungary in September by Libri Publishing House. The volume will be published later this year in the United States, the United Kingdom, Germany, the Netherlands, and […]
The Hungarian government declared a state of disease control preparedness based on which the government can declare a health crisis whenever it deems necessary and rule by decree. It was on Tuesday this week that Hungarian Parliament unanimously lifted the 'special legal order' that had given basically unlimited power to the government since March 31 […]
Two legendary Hungarian water polo players, Dr. György Kárpáti and Tibor Benedek – both of them three times Olympic champions – passed away within 24 hours in Budapest. Athlete of the Nation György Kárpáti died in the 85th year of his life this Wednesday. He was born in 1935 in Budapest. At the age of […]
The number of payment cards and, in line with the outbreak of the coronavirus pandemic, as a result of the rapid growth in home delivery services and preference to contactless payments, the number of virtual merchant outlets accessed via internet increased significantly in Hungary in the first quarter of 2020. An information release by the […]
The foundation stone laying ceremony for BHS Trans Limited’s new logistics center took place this Wednesday in Debrecen, Eastern Hungary. 45% of the costs of the private investment is financed by Hungarian taxpayers. BHS Trans is building logistics centers in four Hungarian settlements this year with a total investment of HUF 7.6 billion (EUR 21.9 […]
GalCap Europe, the real estate asset and investment manager specializing in Austria and Central Europe, has acquired another asset in Budapest for a German pension fund’s portfolio: the Rumbach Center. Rumbach Center now expands the existing CEE portfolio within the investor's specialized fund structure, which is under the administration of 2IP Institutional Investment Partners. It […]
The leaders of the Újpest Torna Egylet (UTE), along with past and present athletes, solemnly remembered this Tuesday the founding of the purple-white club 135 years ago, on June 16, 1885. As exercise basically meant gymnastics in Hungary at that time, it was natural that the first gathering of athletes from Újpest (now District 4 […]
The German Thyssenkrupp is postponing the construction of its production plant in Pécs, southern Hungary by one and a half to two years, Forbes magazine has learned. According to the original plans, production would have started in mid-2020 in the plant where engine parts will be produced for hybrid and fully electric vehicles. This later […]
