The Budapest Stock Exchange's (BSE) share index, the BUX, closed Friday at 37,838.30 points, 819.11 points or 2.12% lower than the previous week, the state news agency MTI reported this Sunday morning along with a brief analysis. Weekly turnover on the stock market was HUF 47.5 billion, down from HUF 47.9 billion the previous week, […]
This year sees a major milestone in the history of Kempinski Hotels as the company celebrates its 125th birthday, while Kempinski Hotel Corvinus Budapest marks its 30th year in September. This anniversary represents an important jubilee for the hotel, following three decades of precious moments, memories and experiences in the art of hospitality, according to […]
Industrial producer prices were up by 43.4% on average in August 2022 compared to one year earlier. Domestic output prices were 66.6% and non-domestic output prices 31.6% higher, the Central Statistical Office KSH) reports. The faster rate of increase in domestic output prices was owing to the larger proportion of the energy industry, where a […]
Nestlé Hungária's profit fell to HUF 1.483 billion in the first half of the year from HUF 1.975 billion last year, according to a report published on the website of the Budapest Stock Exchange (BSE). The food company's half-year sales increased from HUF 82.9 billion to HUF 103.9 billion, including foreign sales from HUF 17.2 […]
Proceeds of the Runway Run, the running race at the Hungarian capital's Ferenc Liszt International Airport, amounted to close to HUF 14 million this year. The airport's management company Budapest Airport handed over a part of the donation, 6.6 million HUF, to the SUHANJ! Foundation, while the remainder will be donated to Anthony Nolan, a […]
Shocking, fascinating and you wonder how it's possible. These were the words visitors used to describe their experience at the opening ceremony of ‘The Art of The Brick’ exhibition in Budapest, according to a LEGO press release. The exhibition features sculptures and creations made exclusively from LEGO® building blocks by New York artist Nathan Sawaya. […]
According to preliminary data, the deficit of the general government sector in the 1st half of 2022 was HUF 893 billion, 2.8% of GDP. The balance improved by HUF 627 billion, or by 2.9 percentage points as a proportion of GDP compared to the same period of the previous year. In the 1st half of […]
At its meeting this week, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided to raise the central bank base rate with 125 basis points to 13.00% with effect from September 28, 2022. Experts recall that the last time the base rate was this high […]
This year, 130 exhibitors, more than 40 foreign authors and 150 programs await the public at the Festival from this Thursday until October 2 at the National Dance Theater and the Europa Pont, next to the Millenáris event center. After a two-year hiatus, the Budapest International Book Festival will reopen, said poet and writer Krisztina […]
The National Bank of Hungary (MNB) will issue a collector coin of HUF 2,000 called ‘Király kis Miklós’ (King Little Cause) on writer Elek Benedek’s birthday, on the day of Hungarian folk tales. This collector coin is the second piece of the seven-piece non-ferrous metal collector coin series, launched last year, whose dedicated objective is […]
'Brave Warrior 2022', a large-scale multinational exercise, involving thousands of allied troops in the execution of joint tasks, takes place in the second half of September in Hungary. This Thursday, the participating troops were visited by the Hungarian and Croatian ministers of defense. It is a multinational (Hungarian, Croatian, Slovakian, Italian and American) complex combat […]
Innovariant Ltd. has expanded the capacity of its printing plant in Algyő, SE Hungary, with HUF 448 million, most of which is EU support, the company informed the state news agency MTI. According to the statement, Innovariant Ltd. was founded in 1996 in nearby Szeged and moved its headquarters to Algyő in 2011. Its main […]
The Hungarian electricity company MVM Plc. closed the first half of this year with a loss of HUF 81.1 billion, compared to a profit after tax of HUF 28.3 billion in the same period last year, according to a consolidated report about the first six months of the year published on the website of the […]
Mixing plants operating in Hungary produced 3.956 million tons of livestock feed mix in 2021, 3.4% more than in 2020, according to a summary published on the website of the Hungarian Institute of Agricultural Economics (AKI). The majority of all feed, almost two million tons, was poultry feed, with only turkey feed down on 2020. […]
Both the number of Hungarians infected with the new coronavirus and that of those dying as a result of this infection decreased in the past seven days, according to a weekly summary published by the related government website koronavirus.gov.hu. In the past week, 46 people died (two fewer than in the previous week), mostly elderly […]
