As a result of the coronavirus epidemic, consumer habits have changed and the composition of the consumer basket has also changed, according to a new survey. A research conducted by Mónika Garai-Fodor, Dean of the Károly Keleti Faculty of Economics at the University of Óbuda and Ágnes Csiszárik-Kocsir, Deputy Dean for Research shows that the […]
Hungary’s largest telecommunications service provider Magyar Telekom reported its consolidated financial results for the fourth quarter and full year of 2020, in accordance with International Financial Reporting Standards (IFRS) as endorsed by the EU. Total revenues increased by 3.6% year-on-year to HUF 188.9 billion in Q4 2020 thanks to increases in telecommunication service revenues in […]
Although the January rent index by the Central Statistical Office and the Hungarian real estate website ingatlan.com fell by over 10% on an annual basis, rents in Hungary have hardly changed on a monthly basis, suggesting that they may have reached a low point. In a statement sent to the state news agency MTI this […]
With 4,948 new confirmed cases of COVID-19 in Hungary in the past 24 hours, the number of total cases now stands at 424,130. By Saturday, 107 more Hungarians succumbed to the virus, increasing the official number of new coronavirus fatalities in this country to 14,902. The number of those who have recovered grew to 319,691 while […]
Both the national and the Budapest heat record was broken this Friday. According to the National Meteorological Service, it was really warm, almost corresponding to the end of May and the beginning of June. Beforehand, the capital's heat record of February 26 was 18.9 degrees Celsius recorded in 2008. This time, it was now more […]
In its 2020 report to the Budapest Stock Exchange, the Hungarian pharmaceutical company Gedeon Richter Plc. states that the company managed to service its customers on time and in full also into the last quarter of the reported year despite a sharp increase in COVID-19 case numbers in its countries of operation. Additional protective measures […]
Hungary and the EU are locked in a number of legal disputes over several laws passed by the government of Prime Minister Viktor Orbán. Brussels is resorting to various measures as it seeks to pressure Hungary to abide by the rulings of the European Court of Justice and the stipulations of EU law. Hungary and […]
The annual natural decrease of the Hungarian population (that is, the difference between the number of births and deaths) has never been as high as last year since the start of measuring it. This has been found by hvg.hu after the publication of data by the country's Central Statistical Office this Thursday. Official figures suggest […]
Hungarian integrated architecture and building services provider DVM group started the construction works of Drechsler Palace in January 2021 at 25 Andrássy Avenue, Budapest. The building is planned to be unveiled as a hotel in 2022. The monument building also known as the one once housing the Pension Fund of the Hungarian State Railways and […]
Following last year's regional consultation, the General Assembly of the Business Council for Sustainable Development in Hungary (BCSDH) held its annual meeting this week and hosted as guest speaker the President-CEO of the World Business Council for Sustainable Development (WBCSD) Peter Bakker who gave a presentation on 'Making stakeholder capitalism real and rewarding' to nearly […]
The Board of Directors of the Hungarian oil and gas trust MOL reviewed and approved 'MOL Group 2030+', an update of the company’s long-term strategy – which was originally announced in October 2016 –, fully integrated with a new sustainability strategy and complemented with a longer-term vision and ambitions beyond 2030. A statement by the […]
Tamási Hús Ltd., Hungary's top bacon producer, is expanding its production capacity in Tamási, W Hungary, and improving its service infrastructure through a cumulative investment of EUR 42.6 million. The project entails the building of a new plant and warehouse, in addition to the installation of a set of new bacon slicers and roasters, a […]
After a two-day break, the number of new deaths a day rose again to over a hundred, after 103 patients died in Hungary, bringing the official number of new coronavirus related deaths to 14,450. In the past 24 hours, 1,628 new cases of the new coronavirus infection (COVID-19) was detected, thus increasing the official number […]
The two-thirds governing majority in Hungarian parliament voted for a further extension of the state of emergency and emergency regulations – with no opposition MPs backing the proposal. After the expiration of the state of emergency in early February, the government first extended it for fifteen days under its own authority, and then it was […]
METRANS Group is establishing a new rail/road logistics terminal in Zalaegerszeg. The investment of over EUR 44.3 million will grant the Hungarian city a key role in making the Adriatic Corridor become a priority trade route. The container terminal, which is planned to be handed over to use in a number of stages as of […]
