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December 2022

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Almost 550,000 Visitors at Nyíregyháza Zoo This Year

D&T
Dec 28, 2022

The usual interest in the Nyíregyháza Zoo has almost completely returned to the level before the coronavirus epidemic, as about 550,000 people visited the park this year in NE Hungary, almost 200,000 of whom were foreigners. The zoo's director, László Gajdos said in an interview with the state news agency MTI that the park's visitors […]

Over 2,000 Retail Outlets Closed in Hungary in 6 Months

D&T
Dec 27, 2022

Many have warned that retail closures could intensify this year, most of which have been put off until the second half of the year due to worsening problems. However, the first half of the year has already seen some very negative numbers, with more than 2,000 retail outlets closing down, the financial website portfolio.hu writes. […]

8-10,000 New Pension Insurance Contracts

D&T
Dec 27, 2022

In order to take advantage of the tax relief of up to HUF 130,000 for this year, 8-10,000 people have taken out new pension insurance policies in recent weeks, according to estimates by the Hungarian Association of Independent Insurance Brokers (FBAMSZ). The organization reminds that the tax credit can only be claimed if the amount […]

HUF 28 Bn Special Tax by Gedeon Richter in 2022

D&T
Dec 27, 2022

The Hungarian pharmaceutical giant Gedeon Richter Plc. has published an extraordinary announcement on the website of the Budapest Stock Exchange that under a new government decree on the extra profit taxes, the magnitude of supplementary pharmaceutical tax payable by the company for the year 2022 is expected to be approximately HUF 28 billion. “On June […]

Hungary Produces 200,000 Hl Sparkling Wine Anually

D&T
Dec 27, 2022

Hungary is the 10th-11th largest producer of sparkling wine in the world, according to the National Chamber of Agriculture (NAK) as around 200,000 hectoliters of sparkling wine are produced in the country every year. According to a statement sent to the state news agency MTI, 75-80% of the sparkling wine produced in Hungary is sold […]

Some 40,000 Visitors at the 2022 Santa Claus Factory

D&T
Dec 26, 2022

Around 40,000 visitors, including tourists, and 2,000 kindergarten and schoolchildren visited the eighteenth Santa Claus Factory, acharity event collecting for needy children, between December 1 and 22, the organizer of the event told the state news agency MTI on Monday. Endre Zsolnai said that most of the nearly 2,000 helpers were employees of multinational companies […]

World Economic League Table: Hungary Ranked No. 58

D&T
Dec 26, 2022

Hungary is currently ranked 58th in the World Economic League Table (WELT), a ranking of economies by GDP and is expected to remain so in 15 years' time, according to a recent forecast by the Centre for Economics and Business Research (CEBR). At the end of each year, CEBR, one of London's most respected economic […]

Sygnus Ltd. Expands Its Port Capacity

D&T
Dec 26, 2022

Sygnus Kereskedelmi Kft. [Trade Ltd.], a grain trading company, is expanding its loading capacity at its Paks port on the Danube with a HUF 300 million development, the company told the state news agency MTI. The HUF 343 million technological development will be implemented with the HUF 240 million support of the Economic Development and […]

Price Rises May Also Be at the Expense of Food Quality

D&T
Dec 25, 2022

A significant rise in food prices in Hungary could shift demand towards lower quality products. The supply of quality meat products may fall and lower quality products may appear in shops, Hungarian meat industry players say. Average inflation in Hungary was 23.1% year-on-year in November, according to Eurostat's Harmonized Index of Consumer Prices (HICP). Food […]

New Daily Temperature Record Broken in Budapest

D&T
Dec 25, 2022

The December 24 heat record of the Hungarian capital was broken this Saturday: 13.1 degrees Celsius were recorded at the Lágymányos station in southern Budapest, the National Meteorological Service notified the public on one of its social media pages on Sunday. The statement said this was several tenths of a degree Celsius higher than the […]

BUX Index Fell on Falling Turnover This Week

D&T
Dec 25, 2022

The Budapest Stock Exchange (BSE) share index fell on a downward trend this week, with the BUX closing at 45,007.80 points on Friday, 0.14% lower than a week earlier. Weekly turnover on the stock market was HUF 29.3 billion, up from HUF 46.3 billion the previous week, with leading stocks performing mixed. In its weekly […]

Digital Developments Begin at the Liszt Academy

D&T
Dec 24, 2022

The Liszt Academy of Music will launch a comprehensive IT development with the support of the EU Restoration Fund, with more than HUF 1.2 billion, the Liszt Academy of Music told the state news agency MTI. The Ferenc Liszt Academy of Music (Liszt Ferenc Zeneakadémia) has successfully applied for the call for proposals entitled "Infrastructure […]

Veterinary University Will Treat Guide Dogs for Free

D&T
Dec 24, 2022

The University of Veterinary Medicine will in future provide for guide dogs free of charge, the institution told the state news agency MTI on Saturday. According to the statement, guide dogs will be able to be treated at the best-equipped small animal clinic in the region. The University of Veterinary Medicine's donation worth several million […]

New Special Taxes Levied on Pharma, Insurance Sectors

D&T
Dec 24, 2022

On the night of December 23, the Hungarian Gazette was published, full of new laws and regulations. One of them is a government decree amending the extra profit tax decree to impose a special tax on pharmaceutical manufacturers in proportion to their turnover. Another regulation increases the tax on insurance companies. The latest extra tax […]

Successful Women Entrepreneurs Honored

D&T
Dec 23, 2022

The most successful female leader, female entrepreneur and the most inspiring female success story of 2022 awards have been handed over, the SEED Foundation and the PWA - Association of Successful Women, which launched the competition for the awards in Hungary, informed the state news agency MTI on Friday. The most successful female leader was […]

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