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May 2021

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Tourist Boat Tragedy Memorial Inaugurated

D&T
May 31, 2021

A memorial to victims of the deadly boat collision on the River Danube which took the lives of many South Korean tourists was inaugurated on Monday at Margaret Bridge, marking the second anniversary of the disaster. A memorial to victims of the deadly boat collision on the River Danube which took the lives of many […]

Tesco: Less Food Waste and Pollutant Emission

D&T
May 31, 2021

If we do not change our lifestyles, food will be responsible for the largest share of emissions by 2030. Every year, 931 million tons of food waste is generated by households, retailers and other food processes. It is therefore not surprising that 8% of global greenhouse gas emissions are caused by food ending up in […]

Number of Daily Fatalities Drops to Five in Hungary

D&T
May 31, 2021

Five patients died in Hungary in the past 24 hours, bringing the total official number of deaths to 29,733 in this country according to the relevant government website. The number of cured persons is steadily increasing and now stands at 700,236, while the number of active infected persons has decreased to 74,569. 156 new cases […]

Fragrance museum, Pannonhalma

Hungary's First Fragrance Museum Opens

D&T
May 30, 2021

The country's first fragrance museum was inaugurated in the Herb Garden of the Pannonhalma Abbey on Sunday, offering an insight into the thousand-year-old Benedictine monastic herbal culture. In the Herb Garden's building 'A', the exhibition spaces of the show manufactory were created and the new essential oil distillation equipment was installed. Building 'B' of the […]

Biogas from Willow Wood at the University of Szeged

D&T
May 30, 2021

A biotechnological process that has been known for a long time and used all over the world has been extended and made more economical and environmentally friendly by the collaborative research groups of the Department of Biotechnology and the Institute of Plant Biology of the University of Szeged. According to the new recipe, willow is […]

Profitable Start to the Year at Duna House Group

D&T
May 29, 2021

In the first quarter of 2021, the real estate business Duna House Group has significantly improved its profitability, while its EBITDA (earnings before interest, taxes, depreciation, and amortization) to sales ratio increased to 17%, while its clean core EBITDA reached HUF 471 million, which is 27% higher than in Q1 2020. A report on the […]

COVID-19: Indian Variant Identified in Hungary

D&T
May 29, 2021

The Covid-19 variant first identified in India has been detected in Hungary, chief medical officer Cecília Müller has announced. Of the two patients identified with the variant, one has already recovered and the other is treated in a hospital, but does not need a ventilator, she said. Cecília Müller said that one of the two […]

CEE Shines in Light of COVID-19

D&T
May 28, 2021

East Central Europe outperformed other EU countries in 2020 in terms of economics, hopefully returning to a strong income convergence to Western Europe in 2021, according to the report presented by Skanska and SpotData. The report presents 100 most important economic trends in Poland and the CEE region at the threshold of 2021 opportunities and […]

Budapest Airport: 2020, the Most Difficult Year Ever

D&T
May 28, 2021

After the best year ever in terms of passenger traffic, 2020 was the most difficult year ever financially for Budapest Airport. The company ended the financial year with a loss of 110 million euros. In spite of the unprecedented difficulties, however, the operation and financing of the company remain continuously stable and its continued liquidity […]

Hungary’s Central Bank Lays Groundwork for Monetary Tightening

D&T
May 28, 2021

Hungary’s central bank indicated this week it was planning to raise interest rates amid widespread market expectations for policy makers to affirm rate-hike plan. The interest rate hike, needed to stem soaring inflation, would be the first in the European Union since the outbreak of the pandemic. The National Bank of Hungary said this week […]

Over 140,000 Hungarians Seeking to Stay in Britain

D&T
May 27, 2021

So far, 140,460 Hungarian nationals have applied for permanent residency in the United Kingdom, according to figures published by the British Home Office on Thursday. Foreign nationals in Britain who had legally established residence in the country before the end of 2020 will be allowed to stay, but they are required to apply for resident […]

Courtyard of an apartment house in Budapest

Housing Market Prognosis by the National Bank

D&T
May 27, 2021

In 2020, the effects of the pandemic were reflected in a decline in the number of transactions, rather than in developments in house prices. The number of transactions fell by 15.5%. In Budapest, they declined even more sharply, by 25.1%. Although domestic house prices rose further on a national average, the annual nominal growth rate […]

AutoWallis: 142% Increase in Revenue

D&T
May 27, 2021

Despite the adverse impact of the third wave of the coronavirus pandemic, both the distribution and retail and services business units of the listed automotive company AutiWallis demonstrated significant growth in the first quarter of 2021. The company's management report says the growth surpassing the targets set in the strategy published in 2019 can be […]

Dachser: Profit Increase at Hungarian Subsidiary

D&T
May 26, 2021

German Dachser's Hungarian subsidiary achieved a nearly 50% higher profit after tax in 2020 compared to the previous year, the company's management said at an online press conference on Wednesday. Liegl & Dachser Transport and Logistics Ltd., which predominantly sells for export, employed nearly 280 people and achieved a net turnover of HUF 22.6 billion […]

Hungarian Cities Losing Population

D&T
May 26, 2021

The population of Budapest fell by almost 13,000 in 2020, and there were fewer people living in the county capitals in January 2021 than a year before. In the agglomerations of the cities concerned, however, many settlements grew. At the same time, as a sudy by the real estate site ingatlan.com suggests, many settlements in […]

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