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November 2021

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Duna House: Significant Rise in Third Quarter Profits

D&T
Nov 30, 2021

Duna House Group continued its march in the third quarter of 2021: its quarterly revenue jumped to HUF 3.8 billion (+72% y/y) and its clean core EBITDA jumped to HUF 667 m (+47% y/y). The Group’s clean core proft after tax (PAT) rose by 54% to HUF 494 mn. With an outstanding performance in the […]

A New Retail Hub in Downtown Budapest

D&T
Nov 30, 2021

Horizon Development’s most recently completed crown jewel, Szervita Square Building transformed downtown Budapest’s urban fabric architecturally and contributed to the revitalization of retail in the area. It completed the Deák Square – Fashion Street – Váci Street triangle, and established Szervita Square as a new retail destination for both tourists and locals, according to a […]

WHC Group Expands in Veszprém

D&T
Nov 30, 2021

Almost 50 investments are carried out right now in Veszprém county, all of which were decided by the companies involved during the pandemic. Their total value reaches HUF 50 billion, and they contribute to the protection of a total of 12,000 jobs. Thus, there is a constant need for labour force in many areas in […]

Planet Budapest 2021 Sustainability Expo

D&T
Nov 29, 2021

Responsibility for a common future is the main reason for the creation of the Planet Budapest 2021 Sustainability Expo and World Summit, Hungarian President János Áder said on Monday at the opening of the event. The Planet Budapest 2021 Sustainability Expo and World Summit, which takes place from November 29 to December 5, will feature […]

COVID-19: 460 Fatalities Over the Week-End in Hungary

D&T
Nov 29, 2021

From Friday to Sunday, 460 new deaths have been claimed by the coronavirus epidemic in Hungary. So far, official figures show that 34,326 people have died from complications of the new coronavirus infection. In the past three days, 27,830 people have been diagnosed with the new coronavirus, bringing the total number of confirmed infections in […]

Omicron Variant: Restrictions Introduced by Hungary

D&T
Nov 28, 2021

Due to the emergence of the more contagious omicron variant, Hungary is also introducing restrictions on travellers from the Southern African region, details of which have been published in the Hungarian Gazette. According to the state news agency MTI, the regulations, which come into force this Monday, will apply to seven countries: the Republic of […]

Extra EU Funding for Hungary to Ease the Pandemic

D&T
Nov 27, 2021

The European Commission has approved €654 million to Spain and Hungary under REACT-EU following the modification of two European Social Fund (ESF) Operational Programs (OP). According to an announcement by the European Commission, in Hungary, the national OP 'Human Resource Development' will receive an additional EUR250 million for purchasing 13 million doses of COVID-19 vaccines […]

EY to Open New Global Service Center in Budapest

D&T
Nov 27, 2021

EY Global Delivery Services (EY GDS) is establishing a new global service center in Budapest, where services related to tax consultancy will be in focus. The Budapest center of EY GDS will primarily support EY companies operating in EMEIA countries. By the end of 2024, the company, which has been present in Hungary since 1993, […]

Record weak forint puts Hungarian central bank in tight spot

D&T
Nov 26, 2021

Record weak forint puts Hungarian central bank in tight spotThe Hungarian forint weakened to a record level against the euro this week and Hungarian government bond yields jumped amid a souring of international market sentiment and a surge in COVID-19 cases. The central bank raised the interest rate on its one-week deposit facility in an […]

Over 6.900 COVID-19 Patients Hospitalized in Hungary

D&T
Nov 26, 2021

By Friday morning, the death toll from the epidemic in Hungary had risen by 162 to 33,866. 6,913 patients with coronavirus are hospitalized. Of these, 695 need mechanical ventilation. By Friday, another 11,871 people had been diagnosed with the new coronavirus, bringing the total number of confirmed cases to 1,068,888 in Hungary, according to official […]

Linde: New R&D Center in Budapest

D&T
Nov 26, 2021

Industrial gas supplier Linde opens its new research and development center 'Linde Advanced Operations Services' (LAOS) in Budapest, the Hungarian Investment Promotion Agency reports. The digital center aims to provide services and solutions using Industrial IoT, cloud services and artificial intelligence, which make processing plants sustainable and profitable. The volume of the R&D project to […]

Circular Economy Summit Organized by BCSDH

D&T
Nov 25, 2021

Implementing the strategies for achieving a circular economy would reduce global greenhouse gas emissions by 39%. How to achieve climate goals through the circular transition? – this burning issue was at the heart of the fourth Circular Economic Summit, which was held with the participation of almost 150 people this Thursday. The world as a […]

Hungarian Population Decreases by 3,000 People

D&T
Nov 25, 2021

In October 2021, 8,289 children were born and 11,252 people died according to preliminary data published this Thursday by the Central Statistical Office. Compared to October 2020, the number of live births was up by 3.1% and that of deaths decreased by 10%. 5,293 couples got married, which was 19% less than in the same month of […]

Ceramic Products Plant Established in Székesfehérvár

D&T
Nov 25, 2021

Swiss Metoxit AG and Saphirwerk AG manufacturing special ceramic products launches an investment of more than CHF 7 million (EUR 6.6 million) in Székesfehérvár, southwest of Budapest. In the first phase of the project, 40 new jobs will be created, which can increase to 80 people two years later. Ceramic components will be produced in […]

Together for Tourism

Sándor Laczkó
Nov 24, 2021

The tourism sector has been one of the hardest hit areas by pandemic restrictions all over the world – and Hungary is no exception. Therefore, the main aim this year of the organizers of the annual informal event of this profession, T-DAY (to be held at the Marriott Budapest Hotel early December), is striking an […]

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