The Hungarian pharmaceutical firm Gedeon Richter Plc. has announced an important change in the executive management of company on the website of the Budapest Stock Exchange. “The company hereby informs its honorable shareholders that with effect from November 15, 2022 Mr. Erik Bogsch resigns from his position regarding the direct supervision of Commercial, International and […]
Alteo Group, active in the energy sector, achieved consolidated revenues of HUF 62.7 billion in the first three quarters of this year, up 116 % compared to the same period last year, while its profit after tax increased by 128 % to HUF 11.2 billion in the same period, the energy services and trading company […]
The Minister of Technology and Industry, László Palkovics is to leave his post, and a new energy ministry is to be established, the head of the Prime Minister's Office, Gergely Gulyás announced at an extraordinary press conference on Monday. According to Minister Gulyás, the restructuring is justified by the war in the neighboring country and […]
With subdued demand, the housing market ended October as the weakest month this year in Hungary. The 8,326 sales estimated by the nationwide real estate network Duna House were down 9% on the previous month and 28% down compared to October 2021. Rising lending rates and concerns about the energy crisis have made more and […]
A EUR 200 million investment to set up JYSK’s distribution center in Ecser marks the beginning of a new chapter of the regional presence of the Danish store chain. Hungary’s largest single space logistics hub that can host over 200,000 palettes is set to serve markets of Croatia, Slovakia and Slovenia, and as a result, […]
Pilulka, the Czech Republic's largest online pharmacy, has launched operations in Hungary and will soon continue its expansion in Austria, the company has told the Hungarian state news agency MTI. Pilulka.hu aims to become Hungary's number one online drugstore, also accessible from mobile apps. According to the statement, the Czech online drug retail and mail […]
Hungary is among the top EU countries in terms of gross household savings, according to Eurostat, the European Union's Statistical Office. The gross saving rate of European households is the share of gross disposable income that people do not spend. In this respect, Hungary ranks high in the EU, the financial portal portfolio.hu reports, citing […]
The Budapest Stock Exchange (BSE) share index rose in the week, closing at 43,698.34 points on Friday, up 2.51% on the week to 1,068.66 points, the state news agency MTI reported this Sunday morning along with a brief analysis. The weekly turnover on the stock market was HUF 63.58 billion%, compared to HUF 30.63 billion% […]
Twenty-four trucks, each weighing 20 tons, tested the load-bearing capacity of the Chain Bridge in the Hungarian capital on Saturday; based on the primary data, the crossing passed the test well, and its renovation is still on schedule and within budget, Budapest Transport Center (BKK) has announced. According to the statement, the static and dynamic […]
A ceremony was held at the Madách Theater this Friday night in Budapest after the 900th performance of The Phantom of the Opera. The theatre premiered the musical, directed by Tamás Szirtes, on 30 May 2003. According to a statement by Madách Theater, their team and director Tamás Szirtes had the honor of presenting the […]
Agricultural producer prices were on average 61.0% higher in September than a year earlier, with the rate of increase jumping by 8.1 percentage points after 2.2 percentage points in August, according to the latest data released by the Hungarian Central Statistical Office (KSH) . The purchase price of live animals was 69.2% higher than in […]
A painting by Béla Kondor and one by Ilona Keserü sold for over a HUF one hundred million each at the first contemporary auction at the Kieselbach Gallery in Budapest. According to the gallery's statement, the auction, which was attended by a large number of visitors on Friday evening, set unprecedented records in Hungary. Béla […]
The VOLT Festival in Sopron will be cancelled in 2023. In a statement sent to the state news agency MTI on Friday, the organizers justified the decision with the uncertain economic environment. Tamás Kádár, the head of Sziget Organizing Office organizing major festivals such as Sziget, Balaton Sound and Telekom VOLT, stressed in the statement […]
Gross electricity consumption in Hungary decreased by 2.3% in September compared to the same period of the previous year, according to a September report published by the Hungarian Energy and Public Utility Regulatory Authority (MEKH) this Friday. Maximum system load was also 3.8% lower than in September last year. The development of domestic production was […]
Hungary opened a new front in its ongoing standoff with the European Union when it said it would not support the bloc’s plan for a support package for war-torn Ukraine. Hungary’s move comes as the government of Prime Minister Viktor Orbán is running a popular campaign against EU sanctions on Russia. The European Union this […]
