98 Hungarians died as a result the new coronavirus infection in the past 24 hours, bringing the total official number of deaths realted to the COVID-19 desease to 28,602. The last time the daily death toll was below 100 was on February 28. A total of 1,145 new infections were registered in the past day, […]
In the WittyLeaks series, Diplomac&Trade regularly publishes the personal accounts of ambassadors and other diplomatic mission leaders accredited to Budapest. This time, the Ambasador of Thailand describes his pursuing of photography both in his native country and Hungary. “Life is like a camera, just focus on what is important and capture the good times.” This […]
Budapest's first permanent circus opened on May 7, 1891 in the City Park. The popular establishment has undergone major changes over the years, with a succession of owners, several tenants and two complete renovations. The plan to open a circus was already in the minds of the decision-makers of the capital in 1888, but the […]
An R&D purpose vertical farm unique in Central Europe was presented in the Újpest headquarters of Tungsram. The installation, which is based on technology evoking sci-fi movies, is one of the key factors for the food security of the future. The farm was established with the funding of the Hungarian Ministry for Innovation and Technology […]
According to Colliers, a leading diversified professional services and investment management firm, Western European capital, particularly German and UK funds, was most active and responsible for ca. 50% of all volumes in Q1 2021 across the CEE region. According to Kevin Turpin, Regional Director of Research, CEE, “as the pandemic continues to impact on capital […]
The Hungarian government argues that next year’s budget bill, submitted earlier this week, is aimed at relaunching the economy. However, the bill has come under heavy fire from the Fiscal Council, the National Bank of Hungary and opposition parties for being an election-year budget designed to support key voting groups. Hungary’s 2022 budget targets economic […]
Due to the uncertainties caused by the epidemic situation, Sziget will not take place this year as it did last year. The organisers have announced that one of Europe's biggest festivals, which is Hungary's most important tourism event, is planning a big comeback in 2022. As the festival's website puts it, "Due to the global […]
In March 2021, the volume of industrial production exceeded the previous year’s low base level by 16.5%. Based on working-day adjusted data production rose by 16.2%. According to seasonally and working-day adjusted data industrial output was 0.4% higher than in February 2021. As the Central Statistical Office reports, all manufacturing subsections contributed to the growth. […]
Erste Bank Hungary closed the first quarter of this year with a profit after tax of HUF 15.1 billion. Operating income was 24.1% higher than in the same period of the previous year, while expenses increased by a much lower 6.3 %. Lending growth in both the retail and corporate segments slowed compared to last […]
The Affidea Gastroenterology Center in downtown Budapest awaits patients with the continent’s most modern diagnostic equipment, the excellence of the national gastroenterology profession – trained experts with many years of experience – and a pleasant environment. The number of newly discovered cancers dropped significantly in 2020 since the start of the pandemic, presumably due to […]
Following an increase in the previous quarter, house prices fell by 1.4% in Budapest in the fourth quarter of 2020. Prices were 0.7% lower in the capital compared with the same period a year earlier. Down 0.4%, house prices also fell in rural cities in 2020 Q4. The annual increase in prices slowed from 8.7% […]
In week 17, the results of wastewater samples for coronavirus show strong fluctuations, with the decline of previous weeks halted. Sewage from most of the cities surveyed shows a stagnating trend, according to the National Center for Public Health. While in the northern and southern wastewater treatment areas of Budapest, Debrecen and Szolnok (the latter […]
German carmaker Audi is starting a new investment in its tool factory in Győr, NW Hungary. In the framework of the project of more than EUR 10 million, the current production hall will be extended by 3,800 square meters for exclusive series production, and the logistics hall will increase by 2,500 square meters. While retaining […]
Last year, the Hungarian government ordered the scrapping of parking fees in public areas, a measure they claimed would help avoid the spread of the new coronavirus infection. A new survey suggests the step did not really count for the population. The Hungarian government may soon end one of its most controversial pandemic measures, free […]
The European Parliament and the European Council accepted the application of 'Nagykunsági szilvapálinka’ (a plum brandy from the region of Nagykunság, E Hungary) in a resolution for the definition, description, presentation, labelling and the protection of geographical indications of spirit drinks. Regarding the chemical and physical properties, the ddescrition in the resolution says‘Nagykunsági szilvapálinka’ has […]
