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November 2022

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The 2022 Santa Claus Factory Opens in Budapest

D&T
Nov 30, 2022

This year, the Santa Claus Factory has opened its doors again. This year, pre-Christmas donations are welcome at the Városháza ['City Hall'] Park in the center of Budapest. Collection points will be opened not only in the capital, but also in several cities across the country. The donations will be distributed to disadvantaged families by […]

Veolia Invests HUF 10 billion in Oroszlány Power Plant

D&T
Nov 30, 2022

Veolia Group member CHP-Invest Kft. and Újpalotai Energia Ltd. have signed a HUF 10 billion contract with Finnish company Valmet to renovate the boilers of the Vértes Power Plant, in Oroszlány, W Hungary, the company developing the power plant, Veolia, told the state news agency MTI. According to the company, the modernization of the boilers […]

Industrial Producer Prices Increase by 41.7%

D&T
Nov 30, 2022

Industrial producer prices rose by 41.7% on average in October 2022 compared to one year earlier. Domestic output prices were 67.7% and non-domestic output prices 28.4% higher, the Central Statistical Office reports. The faster growth in domestic output prices was due to the fact that the share of the energy industry, which has seen significant […]

COVID-19 Past Week: Less Deaths, More Newly Infected

D&T
Nov 30, 2022

With the exception of the number of new infections, all indicators of the new coronavirus epidemic have improved in Hungary in the past week, according to the related government website koronavirus.gov.hu. 42 victims of the coronavirus have been reported in the past week, bringing the official total number of Hungarians who have died in the […]

Increased Revenues at Duna House Group

D&T
Nov 29, 2022

Duna House Group closed the third quarter (Q3) 2022 with 120% year-on-year growth in revenues to HUF 8.4 billion and 60% increase in EBITDA to HUF 904 million, the Group has announced on the website of the Budapest Stock Exchange. Following the strong results of Q2 2022, the Group`s core profit lines have declined from […]

Gas, Oil Production Remains Mol's Main Activity in Algyő

D&T
Nov 29, 2022

Traditional oil and gas production will remain Mol's main profile in Algyő, SE Hungary, for a long time to come, but the company is exploring the possibility of installing renewable energy sources, László Kardos, head of the company's Algyő production region, told reporters on site. A ten-year forecast has been prepared. It is reviewed every […]

JYSK's Turnover Up by almost 20% in Hungary

D&T
Nov 29, 2022

JYSK's sales revenue in Hungary increased by 19% to HUF 67.6 billion in the financial year from September 2021 to August 2022, while its EBIT for the whole company amounted to HUF 12.49 billion, an increase of 0.4%, the home furnishing chain informed the state news agency MTI on Tuesday. The turnover of the trading […]

Agreement to Develop Electronic Communications

D&T
Nov 29, 2022

The National Media and Infocommunications Authority (NMHH) and the Hungarian Communications Association (MKSZ) have signed a cooperation agreement for the development of the electronic communications profession and for raising consumer awareness in this country. According to a statement sent to MTI on Tuesday by the NMHH Communications Directorate, the joint work will focus on conducting […]

MAHART Container Center at Budapest's Main Airport

D&T
Nov 28, 2022

Mahart Container Center (MCC), one of Hungary’s leading container terminal operators, has leased a new, 30,000 sqm operational area at the Hungarian capital's Ferenc Liszt International Airport from September, which the tenant is using for storing shipping containers, according to a statement by the airport management company Budapest Airport. The major advantage of the site […]

Even MOL Petrol stations Suffer Shortages

D&T
Nov 28, 2022

20% of petrol stations operated by the Hungarian oil and gas company MOL, basically the only supplier of petrol in the country due to the capped price situation, have been reported to experience partial stock shortages in recent days. Stations in the capital and in the countryside were found to be out of 95-grade petrol […]

Natural Decrease of Hungarian Population Continues

D&T
Nov 28, 2022

In October 2022, 7,361 children were born and 10,808 people died according to preliminary data published by the Central Statistical Office this Monday. In the last twelve months, i.e. between November 2021 and October 2022, the number of births diminished by 3.9%, that of deaths by 8.3% and the number of marriages by 6.4% compared […]

Water Polo: Olympic Champion Gábor Csapó Passes Away

D&T
Nov 28, 2022

Olympic, world and European water polo champion Gábor Csapó has died at the age of seventy-two. He was hospitalized in early November for respiratory failure and was kept under deep anesthesia on a ventilator. "We have lost another legend, who was not only an outstanding player in the teams he played for, but who also […]

Country's Christmas Tree Lit with Ornamental Lights

D&T
Nov 27, 2022

A silver fir tree, about 18 meters tall, had its ornamental lights switched on at Kossuth Square in front of the Parliament on the first Sunday of advent. The pine tree is adorned with a 130-centimeter-high, 103-centimeter-wide, 36-centimeter-deep, three-dimensional-effect, 25-kilogram, eight-pointed star-shaped top ornament, lit by warm white light and energy-saving LED lights. The country's […]

BUX Index Rose This Week Amid Falling Turnover

D&T
Nov 27, 2022

The Budapest Stock Exchange (BSE) share index, the BUX, closed Friday at 45,715.33 points, up 2.74% or 1,220.23 points compared to last week, the Hungarian state news agency MTI reported this Sunday morning along with a brief analysis of the week. Share turnover fell from HUF 53.825 billion the previous week to HUF 51.203 billion, […]

Over 10,000 People Arrived from Ukraine on Saturday

D&T
Nov 27, 2022

On Saturday, 5,857 people entered Hungary crossing the Ukrainian-Hungarian border, while 4,253 of those entering at the Romanian-Hungarian border crossing declared that they had arrived from Ukraine, the National Police Headquarters (ORFK) informed the state news agency MTI on Sunday. Of those who entered, police issued 244 people with temporary residence permits valid for 30 […]

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