The real estate group Duna House says its international strategy has brought diversification benefits to the Group. Some of its markets are affected to varying degrees by interest rate increases and market expectations of such increases, thus dampening their combined impact. Activity is down in all of the Group's markets, with a sharp decline in […]
Large companies pay more attention to sustainability than smaller ones, but there are also differences in environmental awareness based on activity, GKI Economic Research Co. told the state news agency MTI on Thursday. According to the research institute's survey, the vast majority of companies strive to reduce their environmental impact, 56% of them do so […]
In May this year, the volume of industrial production in Hungary grew by 9.4% year-on-year, according to data published by the country’s Central Statistical Office. Based on working-day adjusted data, production rose by 3.4%. As for the significant difference, the Office points out that it is due to the fact that there were two more […]
A weaker Forint means that foreigners can shop cheaper in Hungarian shops. The Hungarian currency (HUF) is sinking to new lows, with the euro crossing the 410 forint level on Wednesday and the dollar above HUF 400. The weakening forint could make shopping in Hungary cheaper for consumers from neighbouring eurozone countries, such as Slovakia. […]
Leading full-service global clinical research organization PSI CRO will set up its new office on the 5th floor of Park Atrium Office Building from January 2023, a statement by Horizon Development says. The privately owned company that supports clinical trials of various pharmaceutical companies across multiple therapeutic areas and continents signed a long-term lease contract […]
The number of people hospitalized with the coronavirus has doubled in the past week. The number of infections also increased last week, with 1,600 more (4,663) infections than the previous week and more than double the number two weeks ago. In the past week, 14 patients have died. This compares to 21 in the previous […]
The common European currency, the Euro crossed the HUF 409 mark on Tuesday afternoon, setting a new record. At the same time, the Euro also reached a new low against the US currency, which was at HUF 398 forints to the dollar at one point, the popular news site telex.hu reports. On June 13, the […]
The fully Hungarian-owned Jász-Plasztik Ltd. in Jászberény, E Hungary has carried out a HUF 10 billion capacity expansion development. Over a third of the invested amount is covered by Hungarian taxpayers through the government’s Large Enterprise Investment Support Program. Jász-Plasztik Ltd. employs around 6,000 people at home and abroad, with production in six factories in […]
In September, Budapest Airport will launch its largest residential noise insulation program, featuring many services and a budget of around HUF 1.2 billion over three years. The aim of the program, which has been running for more than ten years and will be expanded from fall 2022, is to reduce the noise burden for people […]
The share of solar power plants in total energy generation in Hungary was 11.1% last year, the highest in the 27 countries of the European Union, the Hungarian Energy and Public Utility Regulatory Authority (HEA) said in its electricity market report for 2021. The aggregate electricity consumption of the 27 member states increased by 4.3% […]
In the first half of this year, 68,965 imported used cars were registered in Hungary, which is an increase of 9.8% compared to the 62,836 registered in the same period last year, JóAutók.hu [‘Good cars’] reported. In a statement to the state news agency MTI, Bertalan Halász, CEO of JóAutók.hu, pointed out that used car […]
There are no signs of a crisis on the labor market for the time being, but the wage pressure is so great due to inflation that HR departments are now citing this as the most pressing issue to address, Zoltán Karácsony, a job market expert at HR Portal, told the business news portal Világgazdaság [‘World […]
Labor shortage in the hospitality sector has eased, but it has not gone away, and the wage increase at the beginning of the year has already been eaten up by inflation. To solve the sector's labor shortages in the long term, even better wages are needed. The President of the Hungarian Hotel & Restaurant Association, […]
The expectations of real estate companies for price increases have weakened slightly, with half of respondents in the capital and two-thirds in rural areas expecting price rises; the price of second-hand housing may rise by 6% in the next year, while the price of new housing by almost 10%, according to a joint survey by […]
The 19th FINA World Aquatics Championships completed in the Hungarian capital this Sunday after over two weeks of competition, in swimming, artistic swimming, open water swimming, diving and waterpolo. The medal table of the event was topped by the United States with Hungary finishing on the 10th place. 17 days of competition at the 19th […]
