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2022

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Hungary Proposes Pension Reform to EU as System Faces Long-Term Challenges

D&T
Dec 2, 2022

The Hungarian government has pledged to implement reforms aimed at improving the medium- and long-term budgetary sustainability and adequacy of the pension system. The move comes as part of a series of measures that Budapest is undertaking in exchange for development funds being released by the EU. The European Commission released this week its assessment […]

Poland's Orlen Enters Hungarian Gas Station Market

D&T
Dec 1, 2022

Following the finalization of their contract with the Hungarian oil and gas company Mol, the Polish Orlen Group has entered the Hungarian fuel market and will operate a total of 143 domestic service stations, the company said in a statement. 79 of the stations are already owned by Orlen, but for the time being they […]

Budapest's Main Airport: 10 Mn Passengers in 10 months

D&T
Dec 1, 2022

With the summer season over, passenger traffic at Ferenc Liszt International Airport is slowly decreasing, according to the latest bulletin published this Thursday by the airport's management company Budapest Airport. Although the monthly passenger number remained above one million in October, traffic compared to 2019 fell from 80-82% in the summer months to 79%. In […]

Increasing Deficit of the External Trade in Goods

D&T
Dec 1, 2022

In September 2022, the volume of export was 14% and that of import was 10% higher than in the same period of the previous year. The deficit was EUR 745 million, the balance deteriorating by EUR 663 million year-on-year, the Hungarian Central Statistical Office reports. In September 2022, the value of export amounted to EUR […]

The 2022 Santa Claus Factory Opens in Budapest

D&T
Nov 30, 2022

This year, the Santa Claus Factory has opened its doors again. This year, pre-Christmas donations are welcome at the Városháza ['City Hall'] Park in the center of Budapest. Collection points will be opened not only in the capital, but also in several cities across the country. The donations will be distributed to disadvantaged families by […]

Veolia Invests HUF 10 billion in Oroszlány Power Plant

D&T
Nov 30, 2022

Veolia Group member CHP-Invest Kft. and Újpalotai Energia Ltd. have signed a HUF 10 billion contract with Finnish company Valmet to renovate the boilers of the Vértes Power Plant, in Oroszlány, W Hungary, the company developing the power plant, Veolia, told the state news agency MTI. According to the company, the modernization of the boilers […]

Industrial Producer Prices Increase by 41.7%

D&T
Nov 30, 2022

Industrial producer prices rose by 41.7% on average in October 2022 compared to one year earlier. Domestic output prices were 67.7% and non-domestic output prices 28.4% higher, the Central Statistical Office reports. The faster growth in domestic output prices was due to the fact that the share of the energy industry, which has seen significant […]

COVID-19 Past Week: Less Deaths, More Newly Infected

D&T
Nov 30, 2022

With the exception of the number of new infections, all indicators of the new coronavirus epidemic have improved in Hungary in the past week, according to the related government website koronavirus.gov.hu. 42 victims of the coronavirus have been reported in the past week, bringing the official total number of Hungarians who have died in the […]

Increased Revenues at Duna House Group

D&T
Nov 29, 2022

Duna House Group closed the third quarter (Q3) 2022 with 120% year-on-year growth in revenues to HUF 8.4 billion and 60% increase in EBITDA to HUF 904 million, the Group has announced on the website of the Budapest Stock Exchange. Following the strong results of Q2 2022, the Group`s core profit lines have declined from […]

Gas, Oil Production Remains Mol's Main Activity in Algyő

D&T
Nov 29, 2022

Traditional oil and gas production will remain Mol's main profile in Algyő, SE Hungary, for a long time to come, but the company is exploring the possibility of installing renewable energy sources, László Kardos, head of the company's Algyő production region, told reporters on site. A ten-year forecast has been prepared. It is reviewed every […]

JYSK's Turnover Up by almost 20% in Hungary

D&T
Nov 29, 2022

JYSK's sales revenue in Hungary increased by 19% to HUF 67.6 billion in the financial year from September 2021 to August 2022, while its EBIT for the whole company amounted to HUF 12.49 billion, an increase of 0.4%, the home furnishing chain informed the state news agency MTI on Tuesday. The turnover of the trading […]

Agreement to Develop Electronic Communications

D&T
Nov 29, 2022

The National Media and Infocommunications Authority (NMHH) and the Hungarian Communications Association (MKSZ) have signed a cooperation agreement for the development of the electronic communications profession and for raising consumer awareness in this country. According to a statement sent to MTI on Tuesday by the NMHH Communications Directorate, the joint work will focus on conducting […]

MAHART Container Center at Budapest's Main Airport

D&T
Nov 28, 2022

Mahart Container Center (MCC), one of Hungary’s leading container terminal operators, has leased a new, 30,000 sqm operational area at the Hungarian capital's Ferenc Liszt International Airport from September, which the tenant is using for storing shipping containers, according to a statement by the airport management company Budapest Airport. The major advantage of the site […]

Natural Decrease of Hungarian Population Continues

D&T
Nov 28, 2022

In October 2022, 7,361 children were born and 10,808 people died according to preliminary data published by the Central Statistical Office this Monday. In the last twelve months, i.e. between November 2021 and October 2022, the number of births diminished by 3.9%, that of deaths by 8.3% and the number of marriages by 6.4% compared […]

Country's Christmas Tree Lit with Ornamental Lights

D&T
Nov 27, 2022

A silver fir tree, about 18 meters tall, had its ornamental lights switched on at Kossuth Square in front of the Parliament on the first Sunday of advent. The pine tree is adorned with a 130-centimeter-high, 103-centimeter-wide, 36-centimeter-deep, three-dimensional-effect, 25-kilogram, eight-pointed star-shaped top ornament, lit by warm white light and energy-saving LED lights. The country's […]

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