69% of young people under 30 who have a job expect a pay rise next year in Hungary, while only 6% fear a decrease, K&H Bank said on Friday, referring to its November survey. Despite the optimistic feedback, the K&H data shows that young people are also feeling the difficulties. In the previous quarterly survey, […]

The bomb disposal of the 500-kilogram US aerial bomb found on Tuesday in the Petróleum Bay in Csepel, in the south of Budapest has been successfully completed, and the police have lifted the temporary restrictions imposed on the affected area, the 1st Home Guard Bomb Disposal and Warfare Regiment of the Hungarian Army informed the […]

7,997 people entered Hungary crossing the Ukrainian-Hungarian border, while 4,806 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 Friday. Of those who entered, police issued 220 people with temporary residence permits valid for 30 days. They […]

The majority of large companies' managers expect the Hungarian currency, the forint to weaken further until the summer, with almost all of them adversely affected by the exchange rate change, K&H Bank told the state news agency MTI on Thursday. According to their survey, 65% of respondents expect a weaker forint in the next six […]

NEO Property Services, a subsidiary of AKKO Invest Ltd., has announced on the website of the Budapest Stock Exchange that it reached yet another milestone by entering the general contracting market in large residential projects. NEO’s first large general contracting work is the first phase of the 164-apartment Le Jardin housing complex, which may be […]

The deficit of the external trade in goods was EUR 923 million in October, the adjusted volume of export and import decreased by same extent by 2.3% compared to September, the Central Statistical Office reports. In October 2022, the volume of export was 11% and that of import was 7.6% higher than in the same […]

Celebrating its 75th business anniversary, Canada-based CAE Inc. has announced to add substantial R&D capacities to his Hungarian operation. The company that develops simulation systems in defense, civil aviation and healthcare will create dozens of new jobs under a nearly HUF 3.5 billion project. Founded 75 years ago, one of Canada’s largest aviation firms, CAE […]

The high-tech holographic device purchased by the Biomechanics Laboratory of the University of Debrecen (DE) from the donation of Katalin Karikó enables more precise surgical interventions, the institution informed the state news agency MTI. According to the press release, the research biologist, the patentee of the synthetic mRNA-based vaccine technology, donated part of the money […]

In its second year of operation, the European Union Modernization Fund has disbursed a total of EUR 4.11 billion in support of 61 projects in eight beneficiary countries, including Hungary. Funded by revenues from the auction of emission allowances from the EU's Emissions Trading System, the Modernization Fund aims to support ten EU countries with […]

Business and consumer expectations improved modestly in December. According to a survey conducted by GKI Economic Research Co. with the support of the EU, the rise in the business confidence index was solely due to a significant improvement in industrial expectations, as other sectors became more pessimistic to a greater or lesser extent. The consumer […]

In the past week, a total of 5,170 new infections were confirmed (about the same as last week when 5,193 were reported), bringing the total number of identified infected people in Hungary since the beginning of the epidemic to 2,181,419, according to the government information portal. 59 people were reported to have died over the […]

Following the previous resolutions of the Academy's College of Leaders, the Presidential Committee on Public Education and the Department of Philosophy and History, the Hungarian Academy of Sciences' Bureau adopted a resolution on the state of public education and the need for its development at its last meeting this year. The Presidium of the Hungarian […]

In November, the slowdown in traffic at Budapest's Ferenc Liszt International Airport, which started in October, continued; after 80-81% in the summer, the airport’s passenger traffic reached only 76% of the 2019 level in the eleventh month of the year, which means that 969,888 passengers used the airport in November, the airport's management company Budapest […]

Average annual inflation is likely to be in the range of 15-19.5% next year, while economic growth could be in the range of 0.5-1.5%, according to Barnabás Virág, Deputy Governor of the National Bank of Hungary (MNB). He explained the main forecasts of the Bank's latest Inflation Report at a press conference on the Monetary […]

The Kempinski Hotel Corvinus Budapest has appointed Ádám Lévay, a professional with extensive international experience, as the hotel's new Executive Chef. According to the hotel, “mastering his profession, stewardship and management at several iconic hotels around the world, Ádám brings a powerful combination of craft and insight to Kempinski Corvinus.” Ádám Lévay started his career […]