The two-thirds governing majority in Hungarian parliament voted for a further extension of the state of emergency and emergency regulations – with no opposition MPs backing the proposal. After the expiration of the state of emergency in early February, the government first extended it for fifteen days under its own authority, and then it was […]
METRANS Group is establishing a new rail/road logistics terminal in Zalaegerszeg. The investment of over EUR 44.3 million will grant the Hungarian city a key role in making the Adriatic Corridor become a priority trade route. The container terminal, which is planned to be handed over to use in a number of stages as of […]
Used frying oil (including coconut and palm fat) and frying fat are selectively collected in 240 liter containers in 420 Hungarian settlements. Behind the collection of used oil is BioTrans Ltd., which has so far reached 1.8 million people with its program mainly in smaller municipalities but the company hopes this number will grow significantly. […]
The Hungarian automotive firm Rába Plc. closed the 2020 business year with a consolidated, group-level sales revenue of HUF 38.7 billion, the company reports. The report highlights that thanks to the measures introduced in the spring, the management successfully handled the crisis and, exceeding the set goal, restored profitable operations on an annual basis, along […]
Hungarians are divided into two extremes by the issue of vaccine passports: almost as many support such a new card as many reject it. The vaccination document is least wanted by young people, who still have a long way to go to be vaccinated, while the elederly who are likely to have received or are […]
Qatar Airways says it will soon become the first global airline to offer passengers 100% Zero-Touch technology for its award-winning Oryx One in-flight entertainment system across the A350 fleet as part of the airline’s latest COVID-19 safety measures. The Zero-Touch technology, introduced in partnership with the Thales AVANT IFE system, will enable A350 passengers to […]
MOL Group has announced its financial results for 2020 that shows operating earnings without one-off special effects and adjusted by the current cost of supply decreasing but still a bit above USD two billion. Despite the much challenging pandemic and economic crisis, MOL Group generated USD 464 million Clean CCS EBITDA in the fourth quarter, […]
3,093 new infections (more than in any single day this year) were found and 110 people died in the past 24 hours in Hungary, according to official figures. The number of people recovered from the infection is currently 302,689, and that of active infections is 80,282. 4,024 patients with coronavirus are being hospitalized, 352 of […]
Defying all expectations, the Hungarian economy expanded in the fourth quarter of 2020. This gives a significant boost to the 2021 outlook. Expectations had not been particularly high for fourth-quarter economic activity in 2020. Nevertheless, Prime Minister Viktor Orbán suggested the economy probably contracted by 5.1% to 5.2% in 2020 as a whole, meaning borderline […]
In part, it was the outstanding performance of the pet food business that determined the global organic growth of the Nestlé group of companies in 2020. In addition, the 3.6% year-on-year growth was due to the U.S. markets and Nestlé’s health science business. The trading operating profit margin increased by 210 basis points year-on-year to […]
Untreated mine water spilled from the flooded shafts of a closed mine in Maramures, Romania caused metal contamination of the River Szamos flowing into NE Hungary. The Maramures County branch of the Szamos-Tisza Water Directorate said that streams and rivers in the area flooded due to the heavy rainfall on Wednesday. As a result, in […]
The new coronavirus infection (COVID-19) was detected in another 2,853 new Hungarian citizens in the apst 24 hours. There have not been so many new infections a day since January 7. This increased the number of infected people identified in Hungary to 394,023, koronavirus.gov.hu said Thursday morning. The number of deaths related to the new […]
Deloitte Hungary announced the Green Frog Award for the 20th time to recognize companies that excel in the field of non-financial reporting in Hungary. Following the autumn application period, a 13-member independent expert jury evaluated such reports received on the basis of a pre-defined system of criteria and points, and two companies, both of which […]
Vajda Papír has put into operation the modern production lines that will be used to make one million medical masks a day in Dunaföldvár, south of Budapest. The Hungarian government contributed HUF 1.1 billion (close to 80%) to the HUF 1.4 billion investment carried out within the framework of the Health Industry Support Program. The […]
Despite economic growth, the concentration of income of the Hungarian population has remained virtually unchanged over the past 10 years, according to the Central Statistical Office. In 2019 – as in 2010 –, the richest 10% had nearly a quarter (23%) of the total income of the population and the top 30% about half of […]
