As the economic malaise brought about by the pandemic is expected to stay with us in the first half of 2021, the property market will continue to be affected but a slow recovery may be in the cards. Analyses published recently by the Central Statistical Office, Takarékbank and real estate experts at Duna House project […]
Olympic, three-time world and six-time European champion gymnast Krisztián Berki announced his retirement at an online press conference of the Hungarian Gymnastics Federation (MATSZ). At the age of 35, Krisztián Berki decided not to compete anymore. He is Olympic gold medalist (2012, London), three-time world champion (2010, 2011, 2014), two-time World Cup silver medalist (2007, […]
As of February 1, XIXO’s carbonated soft drinks are packaged by HELL ENERGY Magyarország Kft. solely in 100% recyclable aluminum cans, which can be recycled an infinite number of times. The manufacturer says it will permanently stop using plastic bottles across this entire product line, another step that demonstrates the company’s commitment to the environment […]
18.1 degrees Celcius was measured this Thursday in Letenye, a town on the Croatian border in southwestern Hungary - a new Hungarian record measured on February 4. The National Meteorological Service said that this Thursday looked like a typical day in early February , but the temperatures were much more similar to the values recorded […]
The pandemic has created a reality that will strengthen the trends which have existed in the industry for years. In 2021, however, developers will prepare a new offer for their customers. It will aim at responding to the hybrid working model that has emerged during the coronavirus pandemic. According to Arkadiusz Rudzki, Executive Vice President […]
By Thursday, another 1,652 Hungarian citizens contracted the new coronavirus infection (COVID-19), increasing the number of infected people in Hungary to 371,988. 93, mostly old and chronic patients died in the past 24 hours, thus, the number of deaths rose to 12,832. The number of recovered people is also constantly increasing, stnading currently at 274,308, […]
Thousands of pizza boxes a day will feature photos of animals looking for a master as part of a new campaign to encourage adoption in Hungary. As the popular news site telex.hu quotes an announcement by the Pizza Dog campaign that "In Hungary, there are a lot of stray animals on the streets and many […]
Almost three-quarters of the population spends less than HUF 50,000 a month on food, a new poll suggests. A survey by Pulzus Research for the business news site napi.hu also suggests that only three of 100 Hungarians have a monthly budget exceeding HUF 100,000. As napi.hu writes, it is a natural reaction on the part […]
The Hungarian residential property market started the new year with the strongest January figures of the past five years. The 11,185 transactions estimated by Duna House property agency tells the story of a 13% stronger turnover than in January 2020. The increase in demand had made itself felt in the data recorded by the property […]
With a new investment, Hilti Szerszám Kft. (Hilti Tool Ltd.) will engage in new activities at its site in Kecskemét, SE of Budapest, including the production of manual power tools and the establishment of a logistical system. The investment value amounts to HUF 7.2 billion (over EUR 20.1 million), of which the Hungarian government subsidy […]
New car sales in Hungary started to decline somewhat in 2021: 12% fewer new cars were sold in the first month of this year than in January 2020, which was still epidemic-free. In January this year, 8,867 new passenger cars were sold, including 154 electric and 245 plug-in hybrid models, according to data by the […]
Industrial producer prices as a whole were 6.8% higher in December 2020 than a year earlier. The rate of increase of prices was influenced primarily by the weakening of the forint against the Euro. According to a report by the Central Statistical Office published this Tuesday, domestic output prices were up by 2.6% and non-domestic output […]
The concentration of coronavirus in wastewater is rising again in two eastern Hungarian cities, Debrecen and Nyíregyháza. After declining in previous weeks, in week four of the year, the concentration of the new coronavirus hereditary in the wastewater samples rises again on a national average, the government coronavirus website states. The performed studies show that […]
Plywood producer Falco Co. Ltd. invests EUR 25 million to develop numerous production areas at their premise in Szombathely, W Hungary. The development project will conclude in 2024 and it helps in retaining 302 jobs. HUF 1.2 billion of the HUF 8.2 billion investment costs will be covered by the Hungarian government. The company was […]
Surplus on Hungary's external trade in goods amounted to EUR 836 million in November, exports grew by 0.4% and imports by 1.1% compared to October, the Central Statistical Office reported this Monday. In November 2020, the volume of exports increased by 12% and that of imports by 7.7% compared to the same period of the previous year. […]
