Slightly more than half of Hungarians are currently optimistic and will not change their travel plans for the summer of next year, according to a survey conducted by Pulzus for the business news site napi.hu. Although the coronavirus epidemic is seasonal and there are typically fewer people infected in the summer, many people cancelled trips […]
Supported by the macro-economic environment, the doubling petrochemicals margins compared to last year and the internal performance of the company, Clean CCS EBITDA strongly rebounded and came in at USD 1,025 mn in Q3 2021. According to a press relase by the company, this result brought Q1-Q3 2021 EBITDA to USD 2,583 mn that allows […]
The Hungarian economy is likely to recover from the shock of the coronavirus epidemic at a much faster pace than previously expected, according to a biannual report by the European Bank for Reconstruction and Development (EBRD). The organization raised its forecast for Hungary’s GDP growth this year to nearly 8%, which is in line with […]
Soft Flow, a biotechnological company in Danish ownership, has inaugurated a new center of excellence in Pécs, southern Hungary, comprising most modern analytical, chemical, molecular biology, hardware and software operated laboratories, among others. As the Hungarian Investment Promotion Agency reports, the facility opens up the opportunity for a staff of 120 people in the long […]
In week 43, the SARS-CoV-2 concentration in wastewater is still clearly increasing, but at a slower rate than in recent weeks, the National Center for Public Health reports. An upward trend was observed in samples from Békéscsaba, Debrecen, Eger, Miskolc, Szekszárd and Szombathely. Only Nyíregyháza, in the northeast of the country, showed a decrease in […]
The protected geographical indication ‘Fertőd vidéki sárgarépa’ is a carrot produced by growing the species Daucus carota L. The varieties used are Fertődi vörös, as well as the Nantes-type Napa and Napoli carrot, the European Commission has announced. The European Commission describes the vegetable as follows: When placed on the market, ‘Fertőd vidéki sárgarépa’ is cylindrical/conical in […]
According to data by the National Bank of Hungary (MNB), the number and value of mobile payment transactions more than doubled between the second quarter of 2020 and the second quarter of 2021. The growing popularity of smartwatch payments could further boost the uptake of innovative solutions in Hungary. "We are always very happy to […]
The President of the Republic of Korea, Moon Jae-in, who arrived in Hungary on Tuesday for an official visit, paid a tribute to the victims of the Hableány (Mermaid) cruise ship disaster at the Budapest memorial of the 2019 tragedy. The South Korean head of state was received by Hungarian Finance Minister Mihály Varga at […]
Industrial producer prices were 14.0% higher on average in September 2021 than a year earlier. The rate of increase of prices was influenced principally by the price rise of raw and base materials as well as motor fuels, the Central Statistical Office reports. Domestic output prices rose by 20.1% and non-domestic output prices by 10.9%. Compared […]
In the framework of a brownfield investment of EUR 110 million, Pick Szeged implements the modernization of their headquarters in Szeged, as well as the automation and expansion of traditional mouldy salami production capacity of conventional maturing. The investment - more than a quarter of which is covered by Hungarian taxpayers though a government decison […]
Hungary has produced the first ever musical about diabetes in the world. Based on a light-hearted story with twists and turns, this play presents a fun way to learn about diabetes. With excellent music and songs, it provides information about the disease, how to recognize it, how to treat it and how people with diabetes […]
On the morning of November 1, the government's coronavirus portal published the weekend's aggregate figures. A total of 11,211 new infections were confirmed in the last three days, bringing the total number of identified infections to 874,630 since the beginning of the outbreak. 152 deaths, mostly of elderly, chronic patients, brought the official total number […]
