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August 2022

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Roman Style Boat Passes through Budapest

D&T
Aug 15, 2022

A replica of a 4th-century guard boat cruises the Roman-heritage settlements along the River Danube. The special ship passed through Budapest in the morning and docked at the University of Technology and Economics. The aim of the project is to interpret the Danube as a route linking the former Roman Empire. This will include research […]

Busch-Hungária Increased its Production Volume in June

D&T
Aug 15, 2022

Busch-Hungária Ltd. used its full production capacity in June, producing 5,037 tons of castings during the month, the Győr-based company, which is part of the German BPW Group, told the Hungarian state news agency MTI. According to the information, this was the first time that production exceeded 5,000 tons in a month. The company expects […]

Hungary’s Current Account Deficit Grows to EUR 806 Mn

D&T
Aug 15, 2022

After a decline in May, the monthly current account deficit in Hungary widened to EUR 806 million in June, the same level as in previous months, according to preliminary data released by the National Bank of Hungary (MNB) on Monday. The current account deficit was EUR 370 million in May and EUR 780 million in […]

Construction Output Volume Down in Hungary

D&T
Aug 15, 2022

Construction output volume decreased by 8.1% in one year and by 5.2% compared to the previous month in Hungary. The volume of construction output in June 2022 fell short of the previous year’s level by 8.1%, according to raw data. Out of the main groups of construction, the output at construction of buildings decreased by […]

Investors Dominate the Summer Property Market

D&T
Aug 14, 2022

The real estate market continues to be summer-like: with extreme holiday season and the changing economic and social environment have resulted in a strong drop in the number of transactions last seen in the epidemic-hit May 2020, according to the executive summary of the latest Duna House barometer. In July 2022, the property agency Duna […]

BUX Index Rose in Falling Turnover This Week

D&T
Aug 14, 2022

The Budapest Stock Exchange (BSE) stock index rose in declining turnover this week, closing at 43,662.95 points on Friday, 194.67 points, 0.45% higher than a week ago, the state news agency MTI reported – along the usual weekly analysis – on Sunday morning. The weekly turnover on the stock market was HUF 43.869 billion, compared […]

Nearly 20,000 People Arrived from Ukraine on Saturday

D&T
Aug 14, 2022

8,867 people entered Hungary on the Ukrainian-Hungarian border on Saturday, while 11,344 of those crossing the Romanian-Hungarian border said they had come from Ukraine, the Hungarian National Police Headquarters (ORFK) told the state news agency MTI on Sunday. Of those who entered, police issued 470 people with temporary residence permits valid for 30 days. They […]

British Charity Gifts for Hungarian Children

D&T
Aug 13, 2022

A convoy of 60 special cars arrived in Budapest on Saturday. The ‘Rally for Heroes’ has been on the road since 2010, collecting donations of some GBP half a million since. This time, they stopped in the Hungarian capital and brought donations for Hungarian children. This Saturday afternoon, the special vehicles lined up at Heroes' […]

Medikémia Expands Manufacturing Capacity

D&T
Aug 13, 2022

Szeged-based Medikémia Plc., a manufacturer of car care products, household products and paint aerosols, is expanding its capacity with an investment of more than HUF 350 million with EU support, the company informed the state news agency MTI. According to the statement, HUF 247 million forints of the costs of the development, which will be […]

Another Large Battery Plant to Be Built in Hungary

D&T
Aug 13, 2022

Leading market player Contemporary Amperex Technology Co. Ltd. (CATL) will invest EUR 7.34 billion to build a 100 GWh battery plant in Debrecen, E Hungary, the Hungarian Investment Promotion Agency (HIPA) reports. The investment that is to create over 9,000 new jobs will become Hungary’s largest FDI project ever and is set to strengthen the […]

The Town of Bük Goes Dog-Friendly

D&T
Aug 12, 2022

The popular western Hungarian spa town of Bük will turn into a real dog paradise after Nestlé Hungária's PURINA division launches the program ‘Dog-friendly Bük’ in cooperation with the local authorities and local entrepreneurs. A statement by the company says that in Hungary and globally, pets are gaining ground in tourism. More and more people […]

Industrial Production Up by 1.5% in Hungary, 3.2% in EU

D&T
Aug 12, 2022

In June 2022, the volume of industrial production grew in Hungary by 1.5% year-on-year, the country’s Central Statistical Office reports. In the same month, also compared with a year earlier, industrial production grew by 2.4% in the euro zone and by 3.2% in the EU, according to data by Eurostat. In Hungary, decreases were recorded […]

A Cultural Bridge Between Turkey and Hungary

Sándor Laczkó
Aug 12, 2022

The Yunus Emre Institute is a world-wide non-profit organization created by the Turkish government in 2007. Named after the famous 13th-14th-century poet Yunus Emre, it aims to promote the Turkish language and the Turkish culture around the world. Its objectives include carrying out educational practices with certificate programs in fields such as Turkish language, history, […]

Hungarian Inflation Soars, Could Peak at Higher Level than Seen Earlier

D&T
Aug 12, 2022

Hungarian consumer prices rose the most since 1998 on the back of soaring food costs. Analysts believe that inflation may exceed 20% as energy subsidies fade the war in Ukraine continues unabated. Hungarian inflation accelerated at the fastest pace in almost a quarter century in July, taking a heavy toll on household’s purchasing power and […]

Hungary Free from Avian Influenza Again

D&T
Aug 11, 2022

Hungary is free of avian influenza once again, and there is no obligation to keep poultry indoors, the National Food Chain Safety Office (NÉBIH) said on its website on Thursday. According to the World Organization for Animal Health (WOAH), Hungary has regained its freedom from avian influenza, the statement is quoted by the state news […]

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