More than a third of Hungarian adults have only enough savings for one month, according to research by K&H Bank. According to the survey, Hungarian adults aged between 30 and 59 have an average of seven months' worth of savings, but there is a wide variation. 36% of respondents said they could only cover one […]
The share index of the Budapest Stock Exchange (BSE) fell in rising turnover this week, closing at 41,941.27 points on Friday, down 3.23% on the previous week, or 1,402.11 points, the state news agency MTI reported Sunday morning, along with a short analysis. The weekly turnover of the stock market was HUF 58.03 billion%, down […]
For all major livestock species, the number of animals sent to slaughter fell in the first half of the year in Hungary, while exports and trade in general also decreased. In the first half of the year, 48,500 cattle were slaughtered, 5.5% fewer than in the same period last year. The decrease was 6.8% in […]
On Friday, 6,948 people entered Hungary at the Ukrainian-Hungarian border, while 11,493 of those entering at the Romanian-Hungarian border said they had come from Ukraine, the National Police Headquarters (ORFK) said. Of those who entered, police issued 218 people with temporary residence permits valid for 30 days. They will have to go to the office […]
In recent weeks, several swimming pools and spas have announced that they will suspend certain services and close their pools due to increased energy costs. The decision is a difficult one, as operators have to weigh up whether the loss of revenue from a fall in guest numbers is greater than the increase in overheads. […]
David Pressman, the diplomat nominated to head the U.S. Embassy in Budapest, arrived in the Hungarian capital Friday morning. “These are complicated times, and in complicated times, it is more important than ever for friends to pull each other closer. The United States is a friend of Hungary and of the Hungarian people,” he told […]
An investment of EUR 49 million at its site in the village of Bugyi, located near Budapest, is set to boost the growth of electric installation manufacturer OBO Bettermann. The German company that celebrates 110 years of operation will build a new surface treatment plant, expand its logistics capacity, and create 100 new jobs as […]
The National Bank of Hungary raised borrowing costs to an 18-year high this week, taking the European Union’s highest interest rate to 11.75%. Policy makers vowed to tighten monetary conditions further, in contrast with other central banks in the region. The Monetary Policy Council of the National Bank of Hungary delivered yet another massive interest […]
Erste Bank has received regulatory approval to acquire the Hungarian subsidiary of Commerzbank. Migration preparations are already underway and the transaction is expected to be completed in the second half of 2022 with the integration of Commerzbank's Hungarian subsidiary, which will allow Erste to further expand its corporate business. According to a statement by Erste […]
The second cycle of the Program for the International Assessment of Adult Competencies (PIAAC), the most comprehensive international survey of adult skills, will start in Hungary on September 1, the Hungarian Central Statistical Office (KSH) has announced. The survey will examine the basic competences used in everyday life and work – reading comprehension, elementary reading, […]
The National Public Health Center (NNK) has confirmed monkeypox infection in six more people. Including them, it is 70 people who have been diagnosed with the disease in Hungary, the NNK told the state news agency MTI on Thursday. The Center said the cases confirmed last week were men aged between 29 and 43 living […]
The work of researchers in Szeged, SE Hungary, may in future allow specialists to diagnose early cancer with nano-gold injected into the body, the state news agency MTI learned from the Hungarian Academy of Sciences (MTA) this Thursday. According to the release, Edit Csapó Juhász, a researcher at the University of Szeged (SZTE) and her […]
Consumption growth was the most significant factor in the second quarter GDP growth figure of 6.5%, which exceeded expectations, with the tourism and logistics sectors leading the expansion. For the third quarter, analysts expect a significant contraction, the business news site napi.hu reports. In the first half of 2022, economic output was 7.3% higher than […]
Duna House Group reported its strongest quarter ever in Q2 2022. The Italian acquisition has delivered the expectations, while giving stability via the euro exposure, it contributed more than 50% of revenue and more than 60% of EBITDA. The Group faces a period of challenges and opportunities in the current market environment. Following tripling the […]
Industrial producer prices were up by 37.9% on average in July 2022 compared to pandemic figures one year earlier. Domestic output prices were 52.7% and non-domestic output prices 30.4% higher, the Central Statistical Office reports. The higher rate of increase in domestic output prices was owing to the larger proportion of the energy industry, where […]
