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December 2021

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Most Popular Holiday Season Destinations in Hungary

D&T
Dec 25, 2021

According to data from the accommodation site Szallas.hu, it is the cities Budapest, Eger, Pécs and the spa towns of Hajdúszoboszló and Hévíz that attract the most tourists during the holidays, the state news agency MTI reports. The virus situation has confirmed that families prefer to spend Christmas at home. A third of the almost […]

Dangerous or Unhealthy Air in Several Hungarian Towns

D&T
Dec 24, 2021

According to data released by the National Center for Public Health (NNK) on Friday, air quality has been classified as hazardous not only in Putnok and Sajószentpéter, but also in Kazincbarcika - all in NE Hungary. Miskolc (in the northeast), Salgótarján (in the north), Várpalota (in the west) and Tököl (just west of Budapest) have […]

Hungarians Divided Over Compulsory Vaccination

D&T
Dec 24, 2021

Half of the people surveyed in Hungary are in favor of compulsory vaccination, while the other half are against it, and one in ten unvaccinated people would take the vaccine if they could choose between the types, according to a Publicus Institute survey commissioned by the daily Népszava. As the research shows, 72% of the […]

Hungary’s Prime Minister Vows to Defy EU Court Decision on Migration

D&T
Dec 24, 2021

Hungary will not change its immigration laws, defying a ruling by the European Union’s top court. Prime Minister Viktor Orbán vowed to maintain the country’s existing laws on immigration despite a decision by the EU court that would require changes to these regulations. “We will maintain the existing regime, even if the European court ordered […]

Banking Association Does Not Support Interest Rate Stop

D&T
Dec 23, 2021

The Hungarian Banking Association says was surprised to learn of the government decision about freezing retail mortgage interest rates for a six-month period from January announced this Wednesday.  The Association issued a statement this Thursday stressing that the key role of the banking sector is to provide long-term, predictable and sustainable financing for the economy, […]

Direct Budapest - New York Flight Re-Launch Announced

D&T
Dec 23, 2021

LOT Polish Airlines has announced that it will re-launch direct flights between Budapest and New York from June 2022. The route, which was temporarily suspended due to the pandemic, had been very popular with passengers. From next summer, New York will be accessible again without changing, thanks to Boeing 787 Dreamliners, which will operate three […]

COVID-19: Fewer Active Infected, 140 More Fatalities

D&T
Dec 23, 2021

In the past 24 hours, 3,586 new infections have been confirmed in Hungary, bringing the total number of identified infections since the start of the outbreak to 1,237,330, according to the government coronavirus information page. A total of 140 mostly elderly, chronic patients have died, bringing the total number of deaths to 38,307. According to […]

Ukraine to Import Gas from the EU through Hungary

D&T
Dec 22, 2021

Hungary has reached an agreement with Ukraine to supply natural gas to its northeastern neighbor with guaranteed capacity from January 1 next year, Serhiy Makokhon, CEO of the Ukrainian Gas Transmission System (HTS) has announced. The Ukrainian side signed a cooperation agreement with the Hungarian gas transport company FGSZ on the guaranteed supply capacity. Under […]

Union Investment Purchases Szervita Square Building

D&T
Dec 22, 2021

The commercial part of Horizon Development’s LEED Platinum certified premium mixed-use Budapest downtown property; Szervita Square Building was purchased by Union Investment for one of its institutional real estate funds. The parties agreed not to disclose details of the purchase price. Ádám Irányi, Head of Investment Management Office, Europe, reflected on the benchmark deal by […]

Deteriorating Balance of External Trade for Hungary

D&T
Dec 22, 2021

In October 2021, the volume of exports was 10% and that of imports 5.6% smaller than in the same period of the previous year. Compared to October 2019, the volume of external trade declined by 6.1% in exports and by 5.0% in imports. The deficit was EUR 302 million, the balance deteriorating by EUR 1.2 billion compared to a year earlier. […]

Shell Acquires LNG Filling Station in Hungary

D&T
Dec 21, 2021

Shell's goal in Hungary is to deliver more and cleaner and cleaner energy solutions together with its customers and society. To expand its domestic fuel portfolio, Shell Hungary Plc. has acquired an LNG filling station along the M0 motorway. This is planned to be the first such station in its national network of filling stations […]

Sustainable Financing for the Hungarian Economy

D&T
Dec 21, 2021

Funding from the European Investment Advisory Hub (EIAH) will enable Magyar Fejlesztési Bank (MFB) to support the preparation of investment projects in key sectors, such as information and communication technologies (ICT), the environment and resource efficiency. The European Investment Bank (EIB) — the bank of the European Union — and Magyar Fejlesztési Bank ('Hungarian Development […]

Number of COVID-19 Fatalities Exceeds 38,000 in Hungary

D&T
Dec 21, 2021

By Tuesday, the new coronavirus had been detected in 1,985 people, bringing the total number of people infected with the virus in Hungary to 1,230,385, according to official figures. 132 coronavirus patients have died and thus, the death toll of the epidemic has risen to 38.028. Tuesday is typically a lower day of the week […]

New Production Hall by Motherson in Kecskemét

D&T
Dec 20, 2021

Indian-owned automotive supplier Motherson Group has invested around EUR 16 million to develop its Hungarian sites in Győr, Mosonmagyaróvár, Mosonszolnok and Túrkeve, and has expanded its Kecskemét plant with a new hall. More than a third of the investment will be covered by Hungarian taxpayers due to a government decision. The new hall, which was […]

New Hungarian Art Auction Record

D&T
Dec 20, 2021

Surpassing all previous Hungarian auction records, Tivadar Csontváry Kosztka's painting ‘Mysterious Island’ sold for HUF 460 million at the Judit Virág Gallery's auction in Budapest. The Mysterious Island, painted in 1903, is one of Csontváry's most mysterious works, the meaning of the title has still not been deciphered by art historians. The painting reached a […]

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