A joint survey by UniCredit Bank and SteiGen revealed how aware people in Hungary are of the concept of ESG and what sustainability means to them. The research also showed that 16% of the respondents attributed sustainability to the donation of consumer goods. People are keen to help others, but what factors influence their decisions […]

The Hungarian government declared an “energy emergency,” citing the war in Ukraine and sanctions on Russia by the European Union as the primary reasons. Under the new system, there will be a ban on the export of fossil fuels and the system of government-imposed cap on household utility prices will be revamped. The government of […]

A jubilee event was held on Thursday in Kács, Borsod-Abaúj-Zemplén County, NE Hungary on the occasion of the 45th anniversary of the founding of the Bükk National Park. Tthe law establishing the Bükk National Park came into force on 1 January 1977. The national park was the third in the country to be established, and […]

45% of Hungarians are already having to give up some of their basic foodstuffs and household items because of price rises. Women, pensioners and people with primary education feel the effects of inflation the most, according to a survey conducted by Pulzus Research for the business news site Napi.hu. Inflation stood at 11.7% in June […]

The field of the 54th Kékszalag (‘Blue Ribbon’) Raiffeisen Grand Prix took off Thursday morning from Balatonfüred. According to the organizers, 516 boats have entered this year's race with more than 2,500 sailors on board. As the website of the race notes, 28 boat classes have delegated teams to the Blue Ribbon, with 16 catamarans […]

With the support from the European Union and the Hungarian government, Femtonics Ltd. has invested HUF 914.75 million to develop its COVID-19-specific ventilator and diagnostic manufacturing capacity in Kővágószőlős near Pécs, southern Hungary. In a statement to the state news agency MTI, the company says it received a conditional reimbursable grant of HUF 731.80 million […]

The Hungarian government has declared an energy emergency and adopted a seven-point action plan, as part of which it will ensure gas and electricity prices limited by the cuts in the electricity and gas bills will only be applied only up to the average household consumption from August 1, this year, Gergely Gulyás, Minister of […]

In May 2022, the volume of industrial production grew by 9.4% year-on-year. Based on working-day adjusted data production rose by 3.4%, the Hungarian Central Statistical Office reports. Compared to crude data, the significant difference is due to the fact that there were two more working days in May 2022 than in the same month of […]

Financing difficulties in the construction sector are compounded by late payments from long chains of subcontractors, especially to the micro and SME sector. In addition, only a fraction of these companies are creditworthy, which is why it is particularly important for them to obtain advances from customers, the National Federation of Hungarian Building Contractors (ÉVOSZ) […]

A total of 8,036 new cases of coronavirus infections have been confirmed nationwide in the past week, according to the latest information published on Wednesday by the related government portal. During the same week, 35 new coronavirus-related deaths were recorded. This means that the key figures have almost doubled in a week, with only 4,663 […]

Hungary's inflation would have been much worse than now, the highest in the EU, without state intervention, the Hungarian economic research company GKI reported. In May, Hungarian inflation was the ninth highest in the EU at 10.8%, and while all EU countries have yet to release their June figures, it is already known that Hungarian […]

The government majority of Hungarian Parliament passed the modification of the KATA (Lump sum tax of small enterprises) tax law, which means that from September, workers paying tax according to this tax regulation, will only be allowed to work for private individuals – except for taxi drivers who are indicated as exemptions in the modified […]

Unlike Hungarians, citizens of most other EU countries consider public TV channels and radio stations to be the most credible source of news. Their main source of information is television, while in Hungary, it is social media besides TV and radio, according to a Eurobarometer survey of Europeans' media consumption habits published on Tuesday. According […]

The number of members and assets under management of the National Association of Voluntary Funds (ÖPOSZ) increased in the first quarter of this year compared to the previous year, the association said in a statement on Tuesday. Almost 31,000 people have joined the voluntary funds since March 2021. Of these, 24,000 joined health funds, bringing […]

The total stock of SBU (Small Business Units) / LML (Last Mile Logistics) space in the CEE-15 countries accounts for over 3 million sqm, but the development of this market is not evenly spread in the region. The largest amount of space is located in Poland (cca 2 million sqm), according to a new report […]