"Construction material prices have already increased by 15-25%, much more intensively than originally expected, due to the impact of the war, and construction is becoming even more expensive as manufacturers continue to announce increasingly drastic price hikes," the business daily Világgazdaság writes. Raimund Wiesinger, president of the Hungarian Building Materials Trade Association (ÉKE), told the […]
Over the past three days, 134 patients have died, bringing the official number of new coronavirus related deaths in this country to 45,095. The government website koronavirus.gov.hu also reports that 5,839 new cases have been confirmed in this period. This is 1,946 more per day than the last figure the previous weekend. Since the beginning […]
The Hungarian government has ordered the evacuation of the refugee reception stations at Budapest's Keleti and Nyugati railway stations, where NGOs have been helping refugees from Ukraine since the beginning of the Russian invasion. These stations will now be used only as information points, and refugees fleeing the war will be transferred by bus from […]
Makó-based Váll-Ker Ltd., a manufacturer of fireplaces, is increasing its production capacity by 75% with a HUF 3 billion investment, with the support of the European Union, the company informed the state news agency MTI. EU support will cover HUF 1.515 billion of the development under the ‘Hungarian multi’ program. The main activity of the […]
The Budapest Stock Exchange's (BSE) share index, the BUX, closed the three-day trading week at 43,935.56 points, up 2.40% or 1,030.01 points compared to last Friday, the state news agency MTI reported this Sunday morning. The turnover was HUF 110.943 billion, compared to HUF 190.623 billion the previous week. Leading stocks rose, with the exception […]
The Hungarian air traffic service HungaroControl is committed to helping those in need, so at the beginning of March it organised a collection among its employees to help those fleeing the war. The company doubled the donation of around HUF 4 million, giving a total of HUF 8 million to help refugees in Ukraine through […]
The awards for the world’s largest competition for food and drink culture publications, the Gourmand International Awards were presented in Paris at the recent World Cookbook Fair with a resounding Hungarian success. Gergely Ripka’s bilingual Tokaj Guide that earlier made it to the Top 4 in the European Wine Book category in February 2021 and […]
"OTP Group is supporting Ukraine using all means available to us. We are working under wartime conditions to keep the country's financial infrastructure, and thereby the economy as a whole, operational," the Group said in a statement this Friday. In addition to maintaining the operations of the Group's subsidiary in Ukraine, "we are contributing to […]
Delivery platform Wolt has made a substantial donation of EUR 1,500,000 to support aid organisations working in the war in Ukraine. Wolt Hungary has also made it possible for users to directly support UNICEF's work to help children trapped in Ukraine or displaced by the war. Wolt is deeply saddened by the war situation in […]
Following weeks of protests in the form of civil disobedience, teachers in Hungary called a nationwide strike demanding higher wages and a fairer workload. While acknowledging some of their demands, the government called on teachers to postpone their strike in view of the war in neighboring Ukraine. Following weeks of protests in the form of […]
KOMETA 99 Plc.’s EUR 94.9 million capacity expansion investment kicked off with foundation stone-laying in Kaposvár as a result of which the volume of processed meat can go up by over one-third, whereas the export to sales ratio is also to soar substantially. The project that is set to create 280 jobs will improve production […]
A Solaris hydrogen-powered bus is being tested in the capital by ArrivaBus Ltd., the operator of the Center for Budapest Transport (BKK). The vehicle, which will produce water instead of exhaust gas, will be available to the Budapest public on the No. 105 bus line between March 16 and 18. The bus can be test […]
Audi Hungaria closed the 2021 fiscal year with a stable result, despite challenges caused by the coronavirus pandemic and semiconductor shortages. The world’s largest engine manufacturing plant produced 1,620,767 engines while in vehicle production, 171,015 cars rolled off the production line – a record in the history of the company. Last year, the company generated […]
The number of tourism nights grew five-and-a-half-fold compared to January 2021 in Hungary but decreased by 38% compared to the same month of 2019, the Central Statistical Office reports. The number of nights spent by domestic guests at commercial accommodation establishments (hotels, boarding houses, camping sites, bungalow complexes and community hostels) increased – mainly due […]
From 8 am this Wednesday morning, the Teachers' Union and the Democratic Union of Teachers called a nationwide indefinite strike in Hungary. They are demanding a pay raise for teachers, a reduction in their compulsory teaching hours and an increase in the salaries of non-teaching staff working in schools. Teachers participated in the strike not […]
