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July 2021

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Exhibition on the 120 Years of Hungarian Cinema

D&T
Jul 31, 2021

An exhibition celebrating the 120th anniversary of Hungarian cinema and showing relics of various eras has opened in Budapest's Ludwig Museum, hirado.hu reports. “The exhibition presents a wonderful golden age with wonderful films, Hungarian artists and those born in Hungary making an international career, it showcases the Hungarian cinema universe,” Csaba Káel, the government commissioner […]

Another Hungarian Medal at the Tokyo Olympics

D&T
Jul 31, 2021

Hungary’s Kristóf Milák won the silver medal in the men’s 100m butterfly at the Tokyo Olympics on Saturday with a European record. Milák, the winner of 200m butterfly event this Wednesday, swam in the final with the next to 100m freestyle winner Caeleb Dressel of the United States, the favorite in the 100m butterfly. The […]

Fuel Prices at Historic High in Hungary

D&T
Jul 30, 2021

This Friday the price of fuel increased in Hungary, the financial news site portfolio.hu reports based on information from the fuel price website holtankoljak.hu. The average price of gasoline per liter rose by HUF 5 to a historic high of HUF 454, while the average price of diesel per liter increased by HUF 6 to […]

Budapest Airport Purchases Green Energy

Sándor Laczkó
Jul 30, 2021

Budapest Airport purchased 840 Mwh of green energy, taking another step towards its sustainability objectives. The purchased electricity equals the monthly electricity consumption of 3,500 households of a family of four people. The electricity company ELMŰ-ÉMÁSZ issued a green certificate to the airport operator for this environmentally friendly decision. This document is provided to those […]

National Bank Raises Prime Interest Rate Again

D&T
Jul 30, 2021

At its meeting on July 27, 2021, the Monetary Council of the National Bank of Hungary (Magyar Nemzeti Bank – MNB) reviewed the latest economic and financial developments and decided to increase the central bank base rate by 30 basis points to 1.20% in effect from the next day. The goal of the measure is […]

Vaccination Mandatory for Hungarian Healthcare Workers

D&T
Jul 29, 2021

In order to contain further waves of the coronavirus epidemic and protect patients, vaccination is now mandatory for healthcare workers in Hungary, according to a government decree soon to be published in the official Hungarian Gazette. In Hungary, the vaccination program started with the vaccination of health workers at the end of December last year, […]

Tesco-WWF Partnership for Healthy Food Consumption

D&T
Jul 29, 2021

This year's World Overeating Day falls on July 29 and serves as a wake-up call for the consumerist lifestyles. WWF and Tesco have therefore today launched a unique collaboration to promote affordable and sustainable food consumption in the Czech Republic, Hungary and Slovakia in the long term. World Overeating Day falling on this day means […]

Favorable Credit Rating for ALTEO Confirmed

D&T
Jul 29, 2021

Scope Ratings GmbH has confirmed the BB+/Stable issuer credit rating on the the Hungarian energy services provider company ALTEO Plc. along with its BBB- long-term senior unsecured debt rating and S-3 short-term debt rating which is four grade higher than the minimum level expected by the National Bank of Hungary (MNB). As it has been […]

Close to 4.7 million People Employed in Hungary

D&T
Jul 28, 2021

In June 2021, the average monthly number of employed persons aged 15–74 in Hungary was 4,692,000, 98,000 more than in the same period of the previous year and 85,000 more than in the previous month. According to data published by the Central Statistical Office, in April–June 2021, the average number of employed persons was 4, […]

Milák Wins Second Hungarian Gold at the Tokyo Olympics

D&T
Jul 28, 2021

World champion and world record holder Kristóf Milák won the gold medal in the 200m butterfly with an Olympic record on Wednesday at the Tokyo Games. The other Hungarian competitor in the event, Tamás Kenderesi, finished fourth. The 21-year-old world-class swimmer was already in the lead in the first 50 meters, despite the usual strong […]

Astra Filmland to Offer 21st Century Technology

D&T
Jul 27, 2021

Astra Film Studios near Budapest is expanding its facility with several studios to serve large-scale international productions with cutting-edge technology in Hungary, the company said on Tuesday. Astra Filmland at Mogyoród, east of the Hungarian capital, will offer several stages and large spaces suitable for a variety of productions with support services including set design […]

Hungarian PM Prohibits Air Traffic Controllers' Strike

D&T
Jul 27, 2021

According to a government decree published in the official Hungarian Gazette Monday night, "there is no room for a strike (…) at the organization responsible for air traffic control services", and the decree will remain in force until the end of the emergency. Signed by Prime Minister Viktor Orbán, the decree came out after a […]

Knapp Buys Old MTD Facility in Nemesvámos

D&T
Jul 27, 2021

The real estate property development firm Colliers has sold a 30,000 sq m industrial complex as part of a nine-hectare site in Nemesvámos, near Veszprém, W Hungary to the Austrian automation company Knapp. The seller MTD Hungary, a lawnmower producer, closed the factory in 2020 as they decided to centralize the production somewhere else and […]

State Gambling Company Expands SAP-Based HR System

D&T
Jul 26, 2021

Five modules of SAP SuccessFactors, a cloud-based system developed specifically for labor management, were implemented in 2019 by the Hungarian state gambling services provider Szerencsejáték Plc. The new HR system will be updated in 2021 to reflect the new HR system of the National Lottery. Szerencsejáték Plc. started 30 years ago with just a few […]

Three-week Production Break at Mercedes in Kecskemét

D&T
Jul 26, 2021

There have been reports that production at the Mercedes factory in Kecskemét will be halted for several weeks. The local news site hirös.hu contacted the company last week, and today, Mercedes-Benz Manufacturing Hungary Ltd. replied to the enquiry. As they write, “we are currently experiencing supplier difficulties in the supply of certain semiconductor components worldwide, […]

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