This year, the Furmint February event was organized for the third time, at which 39 Hungarian wines were presented in an online master course jointly organized by the Hungarian Agricultural Marketing Center (AMC) and the Wines of Hungary UK communication agency. The aim of the event, which served as a wine tasting, business development meeting […]
Although, economic performance in Hungary grew by 1.1% compared to previous quarter but it decreased by 3.7% compared to a year earlier. The gross domestic product of Hungary went down by 3.7% according to raw data and by 4.3% according to seasonally and calendar adjusted and reconciled data in the 4th quarter of 2020 compared to […]
The new coronavirus infection (COVID-19) was detected in another 823 Hungarian citizens in the past 24 hours, thus increasing the number of infected people identified in Hungary to 389,622. 85 patients died, bringing the official number of deaths to 13,837. The number of recovered people is constantly increasing, currently 298,773 people, the number of active […]
Roche expands its Budapest business solutions center portfolio with strategic HR services. The company opens 150 new positions in March, further growth of around 100 roles expected for later in the year. By bringing complex People & Culture (formerly known as Human Resources) positions to Hungary, Roche expands its services & solutions center in Budapest […]
The Music Hungary Association, the Hungarian Festival Association and the Hungarian Association of Event Organizers and Service Providers have compiled a package of expert proposals to help the Hungarian tourism and hospitality sectors. The proposal also calls for the introduction of a cultural VAT. So far, more than 370 people have signed up to the […]
Construction output volume in December 2020 in Hungary decreased by 0.3% in one year, and by 3.1% compared to the previous month. The volume of construction output in December 2020, based on raw data published by the Central statistical Office this Monday, was 0.3% lower compared to the previous year. Output of the two main […]
The sales of hybrid and electric vehicles fell sharply in Hungary in January, the business news site hvg.hu writes. While in December 2020, the number of environmentally friendly new cars increased by 1,443 vehicles, in January the green license plate granted to such vehicles was installed on 'only' 819 cars in Hungary, the news site […]
The biggest office developer in Europe sold four buildings for over EUR 265 million, leased over 135,000 sqm, and completed seven buildings in Poland, the Czech Republic, Romania and Hungary. A statement by the company says Skanska retains its strong position on the Central Eastern European real estate market and confirms its business efficiency despite […]
Compared to the last few days, the number of new infections and deaths has both decreased, according to the latest data published on the government website on the coronavirus situation. Providing detailed information, the government website points out that the new coronavirus infection was detected in 1707 new Hungarian citizens; of the 70 deceased in […]
BSS Hungary cooperation, which has been awarded the ‘HOA-CSR Award’ for its social responsibility activities during the Christmas period, received the distinction at the online event held for the 15th anniversary of the Hungarian Service and Outsourcing Association (HOA) earlier this month. The BSS Hungary project was launched in February 2019 by 20 business services […]
In December 2020 the volume of industrial production in Hungary grew by 5.8% year-on-year. Based on working-day adjusted data, this figure was 1.1%. As for the whole of 2020, industrial production declined by 6.1% compared to the previous year. In December 2020: The volume of industrial production increased by 5.8% compared to the same period […]
With a development cost of EUR 21 million, Nolato Hungary Ltd. that manufactures hygienic and medical products, is to increase its production and storage area in this country by more than 150%. The Hungarian government is to cover about one fifth of the costs of development. While retaining existing jobs, the complex project that also […]
Hungary's electricity consumption record has been broken due to the sharp cooling of the weather that began on Thursday, the Hungarian Independent Transmission Operator Company Ltd. (Mavir) informed the state news agency MTI on Friday. According to verified data, the national system load reached 7,119 megawatts on Thursday between 5:45 p.m. and 6 p.m., a […]
Attila Kovács, founding owner and managing partner of DVM Group and Horizon Development real estate firms, has passed away at the age of 51. Attila Kovács graduated from the Faculty of Architecture of the Budapest University of Technology in 1994, followed by an internship in international architecture and project management in the United States, Sweden, […]
Last year, the Hungarian economy probably contracted by as much as 5.5% due to the coronavirus crisis, but GDP growth in 2021 may approach 6%, according to a recently published assessment by the National Bank of Hungary. The central bank identified the areas where the Hungarian economy performed well during the crisis and highlighted 8 […]
