The bike rental system, which is shared by five Slovak and four Hungarian municipalities, is in many ways a real breakthrough, with 85% of the costs paid for by the European Regional Development Fund. The bicycle rental system called KOMBIbike has been inaugurated in Tata, west of Budapest. In 2020, the National Bringapark Program saw […]
The Hungarian real estate development firm CORDIA INTERNATIONAL Plc., member of the Futureal Group, has published its Management Report for 2020, a year when the company managed to expand further. 2020 proved to be a challenging year and Cordia International ZRt’s business model was put to the test. On one hand, the VAT increase on […]
This year marks the 175th anniversary of boating on Lake Balaton shipping and the Balaton Shipping Company (BAHART) celebrates it with a year-long series of events. The series spans the whole year, with the slogan 'Tradition and Modernisation', expressing the commitment to preserving the values of the past and to achieving future goals. From 1 […]
Although it was awarded to her last December, it was only this week that Hungarian biochemist Katalin Karikó was able to receive the Public Media Person of the Year Award in person. The Board of Trustees of the Public Media (MTVA) awarded the recognition to the Szolnok-born research biologist and biochemist as the most modern […]
The National Bank of Hungary (Magyar Nemzeti Bank - MNB) has issued a non-ferrous metal collector coin of HUF 2,000 to honor the Hungarian Presidency of the Council of Europe. It is the second time Hungary has tended to the tasks of the presidency in the international organisation representing the protection of human rights, democracy […]
The Hungarian currency, the forint continued to strengthen on Tuesday, with the euro falling below HUF 350 on international currency markets. However, this position is still about 33% weaker than in the spring of 2010 when the Orbán government took power. The strengthening continued after the statement by Barnabás Virág, Vice Governor of the National […]
Kometa 99 Plc., one of Hungary's largest and most up-to-date pork processing companies, established a by-product processing plant in Kaposvár. Thanks to the project, the processing of slaughterhouse by-products generated during the company's core business will be ensured. The system with an investment of almost HUF 1.4 billion allows processing of up to 15,000 tons […]
The price subsidy tender for environmentally friendly electric cars has been launched again this year, and large family buyers choosing seven-seater models can get a discount of up to HUF 5 million on the purchase price. All this is likely to further stimulate the growing interest in electric cars, according to search statistics at the […]
Budapest Transport Center (BKK) has reached an agreement with the manufacturer of the CAF trams, so thanks to the contract amendment, it can use its option to call for another year. The transport operator will be able to modernize the capital's fleet with 51 trams and 48 trolleybuses under an earlier agreement with Solaris-Škoda. If […]
In the Management’s opinion, Q1 2021 results have massively confirmed ALTEO’s strategy along with the successful investment projects of the recent period. As results for 2020 also showed, the COVID pandemic still has only moderate impact on ALTEO’s profitability compared to other, more pro-cyclical sectors, thanks in part to the protective measures put in place […]
Huba Szeremley, one of Hungary's most successful winemakers, has died at the age of 81. Szeremley was once one of the richest Hungarians but in recent years he had to part with some of his fortune and became embroiled in a serious police case, various news sources report. Szeremley was a successful entrepreneur from the […]
Low-cost airline Wizz Air has announced this week its 43th base in Rome together with the biggest number of routes ever announced ny the airline at the same time. Wizz Air will base four Airbus A321neo aircraft at Rome Fiumicino airport in July 2021. The 32 new services to 19 countries announced this week will […]
The traditional sail launching ceremony opened the sailing season in Balatonfüred on Saturday, and this day also saw the start of the 878 Co. Grand Prix. The President of the Hungarian Sailing Federation, Zoltán Gerendy, said at the ceremony, which was held in a smaller circle than usual due to the coronavirus epidemic, that 164 […]
The National Bank of Hungary (Magyar Nemzeti Bank - MNB) will issue a HUF 10,000 silver collector coin and its non-ferrous metal version of HUF 2,000 named ‘XVI. UEFA Labdarúgó-Európa-bajnokság’ (16th UEFA Football European Championship) one month before the first game of the tournament to be held in Budapest. The collector coins were designed by […]
As expected, the volume of passenger traffic Ferenc Liszt International Airport is still just a fraction of what it used to be before the pandemic restrictions but it is growing - as is the number of airlines returning to the Hungarian capital, according to the latest Airport Bulletin. 64,861 passengers in AprilBudapest Airport handled 64 […]
