By the end of April, 83% of the full-year deficit of HUF 3,152.7 billion planned for the public finances had been reached in Hungary. The value of Hungarian exports was 8.7% and that of Hungarian imports 23% larger in EUR terms in March 2022 than in the same period of the previous year. According to […]
It is eighteen years since Hungary joined the European Union. Thousands of people celebrated the anniversary on Sunday, May 8 with the Europe Day festival on Szabadság (‘Liberty’) Square, which included free family and children's activities, exciting concerts and an 18-kilometer obstacle-free running race. The festival kicked off with the “18 years - 18 kms […]
Mobile phone manufacturers come out with new handsets every year, but it's as if the developer momentum ran out with no major new features coming with these updates. Older handsets serve the needs of the majority of people so well that even the two-year replacement cycle favored by operators is not widely adhered to. Hungarians […]
The Budapest Stock Exchange's (BSE) share index, the BUX, closed at 42,108.63 points on Friday, down 3.13% on the previous week's close, or 1,361.21 points, the state news agency MTI reported this Sunday morning. Turnover fell from HUF 71.247 billion the previous week to HUF 64.233 billion, with the leading shares, with the exception of […]
Lithuania beat Romania at the 2022 IIHF Ice Hockey World Championship Division I Group A held in Slovenia. The result secures second place for Hungary and promotion to the top-level Worlds for 2023 alongside tournament winner Slovenia. This year the Hungarian national team had a better chance than ever before to be among the top […]
The Hungarian oil and gas company Mol is showing solidarity with the war-affected Ukrainian energy sector, and is providing equipment to support the continued and safe operation of the energy network, the group said in a statement on Saturday. Mol Group has also joined the initiative of the International Oil and Gas Producers' Association (IOGP) […]
According to the responses to the Lending Survey conducted by the National Bank of Hungary (MNB), credit conditions and credit demand were broadly unchanged in the corporate credit market in the first quarter of 2022. Looking ahead, around a quarter of the banks plan to tighten lending conditions due to the economic prospects that are […]
The 105th Giro d'Italia cycling race set off from Heroes' Square in Budapest on Friday at noon. This is the first time that Hungary has become one of the foreign venues. The Giro d'Italia, first held in 1909, is one of the greatest cycling races in the world. This is the 13th time that the […]
In March 2022, the volume of industrial production grew by 3.6% year-on-year. Based on working-day adjusted data production rose by 4.2%. However, according to seasonally and working-day adjusted data industrial output was 0.1% lower than in February 2022. According to a report published by the Central Statistical Office this Friday, the majority of the manufacturing […]
The war in Ukraine has brought to the forefront one of Europe’s most pressing vulnerabilities: its reliance on Russian energy. Although European leaders have shown great resolve in their initial response to the war in Ukraine, the solution of weaning the continent off Russian energy dependence is not immediately clear or painless. A similarly pressing […]
The Foreign Affairs and Security Policy Section of the National Association of Hungarian Journalists (MÚOSZ) has recognized the Ukrainian Ambassador to Hungary, Ljubov Nepop with the ‘For Our Europe’ award. In his laudation at the award ceremony this Thursday, Hungary’s former EU commissioner (2004) and foreign minister (2009-10) Professor Péter Balázs highlighted that Ambassador Ljubov […]
The European Investment Bank (EIB), the bank of the European Union, and the National Bank of Hungary (Magyar Nemzeti Bank - MNB), the Hungarian central bank, have signed an agreement to enable the EIB to support the Hungarian economy with more long-term green loans. The operation creates a new source of more affordable financing for […]
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 to the low base caused by the pandemic restrictions – more than four-and-a-half-fold in March 2022 compared to the same month of 2021, the Central Statistical Office reports. However, […]
World-renowned Israeli chemist Avram Hershko has been awarded the University of Debrecen Science Impact Award (uDEsia) at the University of Debrecen. The Nobel Prize-winning researcher received the institution's most prestigious scientific award from Vice-Rector for Science László Csernoch. The uDEsia Award, established by the Senate of the University of Debrecen, is awarded to a Nobel […]
Erste Bank Hungary posted a negative result after tax in the first quarter. One of the main reasons for this is that the National Deposit Insurance Fund ordered an extra payment of HUF 7.9 billion due to the liquidation of Sberbank. Erste closed the first quarter with a minus of HUF 908 million, the bank's […]
