Entitled 'Let it be over!', a civil solidarity demonstration was held in Budapest on Saturday for a free and independent Ukraine and against the "swing policy" of the Hungarian government. The demonstration, organized by the NGO 'One Million for a Free Ukraine', was held at the Pest end of the Elizabeth Bridge, on Szabad sajtó […]
Hungarians go to the polls this Sunday to elect a new parliament and decide whether to keep the government of Viktor Orbán in power or favor the united opposition headed by prime ministerial candidate Péter Márky-Zay. Most opinion polls forecast a close result. According to the Basic Law of Hungary, which went into force on […]
Rosenberger Group’s two Hungarian subsidiaries, Rosenberger Magyarország Elektronikai (‘Electronics’) Ltd. and Rosenberger Cabling Automotive Ltd., expand manufacturing capacity of automotive electronics and data transfer connectors with an over EUR 44 million investment in Hungary. The development to be carried out in three countryside locations, namely in Jászárokszállás, Jászberény and Nyírbátor, all in the eastern part […]
Hungary-based ultra-low-cost carrier Wizz Air has announced that due to the current situation and airspace closure in Ukraine and Moldova, all Wizz Air flights to/from Ukraine as well as to/from Russia are temporarily suspended until further notice. Wizz Air says they are continuously monitoring the situation and their team is actively working on providing travelers […]
The production unit of SK-Precíziós (‘Precision’) Ltd., formerly known as Schüssler Hungária Ltd., will be built with an investment of some EUR 6 million in Sárospatak to manufacture state-of-the-art CNC tooling systems. As a result, 29 new jobs are expected to be created. The German owners thus set up their first manufacturing plant outside Germany […]
According to preliminary data the deficit of the general government sector in 2021 was HUF 3,736 billion, 6.8% of GDP. The balance improved year-on-year by HUF 25 billion, or by 1.0 percentage points as a proportion of GDP. Hungary's Central Statistical Office reported the data to Eurostat, the Statistical Office of the EU, in compliance […]
The Hungarian central bank’s tightening cycle, the most aggressive in the European Union, has led to an increase in loan repayment obligations last seen in the 2008 financial crisis. Once the government’s interest rate stop on retail loans runs out at the end of June, hundreds of thousands of Hungarian families will experience a jump […]
