Duna House Group reported its strongest quarter ever in Q2 2022. The Italian acquisition has delivered the expectations, while giving stability via the euro exposure, it contributed more than 50% of revenue and more than 60% of EBITDA. The Group faces a period of challenges and opportunities in the current market environment. Following tripling the […]
Industrial producer prices were up by 37.9% on average in July 2022 compared to pandemic figures one year earlier. Domestic output prices were 52.7% and non-domestic output prices 30.4% higher, the Central Statistical Office reports. The higher rate of increase in domestic output prices was owing to the larger proportion of the energy industry, where […]
In the first half of 2022, PannErgy's consolidated sales revenues grew by 7% to HUF 3,686 million year on year, representing an increment of HUF 242 million. HUF 3,093 of the total sales revenue of HUF 3,686 million originates from the sale of heat, up 5% year-on-year. According to the executive summary of the H1 […]
The number of fatalities related to the new coronavirus infection in Hungary last week was 100, over 12 times the previous week’s figure (8 deaths), according to the government website koronavirus.gov.hu. Last week's outbreak data from the official information site also states that the number of new infections was 12,157 (compared to the previous week: […]
‘Balloon’, a painting by renowned Hungarian artist Pál Szinyei Merse has been reproduced on a 500m² firewall in the courtyard of the Budapest high school named after the painter. “It is unique not only in Budapest, but also in Hungary, to put an authentic reproduction of a famous painting on a firewall. In nearly 20 […]
At its meeting on August 30, 2022, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided on raising the central bank base rate by 100 basis points to 11.75% - the highest in 18 years - with effect from August 31, 2022. This means that […]
The overwhelming majority of Hungarian society rejects the government's plan to tackle the energy emergency by easing logging. This is according to a representative opinion poll commissioned by Greenpeace Hungary and conducted by Policy Solutions and ZRI Závecz Research. “The government's scandalous firewood decree of August 4 was cosmeticized by a subsequent ministerial order, but, […]
Most Central and Eastern Europe (CEE) economies have seen faster recoveries post COVID than Western EU economies, with Poland, Hungary, Romania and the Baltics being especially strong performers. However the global inflationary pressures, higher interest rates and supply chain issues, together with the possible recession in China, might impact CEE economies in the second half […]
More than 1,800 university students, doctoral students and over 700 young researchers have received funding for their research from the HUF 1.807 billion non-reimbursable EFOP co-funded by the European Union (EU), Hungary and the European Social Fund. Thanks to the successful applications, the winners were able to conduct research, publish papers and case studies in […]
In July, 114,448 Hungarian citizens were working in Austria, 980 more than a month earlier, the financial news site privatbankar.hu reported. This is a new historical record and a record in the sense that it was the second highest increase among the countries. Unsurprisingly, Ukraine leads the way with 1,147 new jobs, but that is […]
August marks the fourth month of steady deterioration in business and consumer expectations. According to the empirical survey conducted by GKI Economics Research Co. with the support of the EU, business expectations fell by around 13 points since April this year, while consumer expectations dropped by nearly 30 points, and the latter also fell most […]
In July 2022, 8,113 children were born and 10,320 people died in Hungary according to preliminary data. In the last twelve months, i.e. between August 2021 and July 2022, the number of births diminished by 1.2%, that of deaths by 8.8% and the number of marriages by 7.9% compared to the period one year earlier, […]
The presence of foreign nationals in the Hungarian real estate market has strengthened again, with 23% more foreigners investing in Hungarian property in 2021, according to Duna House data, which show that 2,716 applications for property purchase were submitted by non-EU nationals last year. An important factor is the deterioration of the value of the […]
The German family-owned Balluff Group has opened a new development office in Budapest, the third location in Hungary, following Veszprém and Csetény (both southwest of Budapest), where 10 highly skilled jobs will be created, the company told the state news agency MTI. According to the information, Balluff's management decided a year ago to expand its […]
The stock index of the Budapest Stock Exchange (BSE) rose on the week, closing at 43,343.38 points on Friday, up 352.91 points or 0.82% on the previous week, the state news agency MTI reported this Sunday morning along with a brief analysis. The weekly turnover of the stock market was HUF 34.48 billion, compared to […]
