In the second quarter of this year, the Hungarian pharmaceutical company Gedeon Richter's sales and profit exceeded analysts' expectations: sales increased by 23.7% to HUF 192.9 billion and profit after tax more than doubled to HUF 77.1 billion in April-June compared to the same period last year, the company said on the website of the […]
From this Tuesday until August 14, the public can watch free movies sitting on the lawn of the Margaret Island Athletic Center in Budapest. This year's Cinema Island will screen comedies and dramas from Spain, Austria, Poland, Estonia, the Czech Republic, France and Finland. EUNIC Hungary, the Hungarian network of European cultural institutes, will screen […]
Hungarian workers' optimism has declined after the negative economic consequences of the Russian-Ukrainian conflict and the epidemic measures, and the uncertainty caused by these measures are already having an impact on the labor market, BNP Paribas Cardif Insurance, a credit insurance company, said on Tuesday, based on a joint survey with Medián Institute for Public […]
The University of Szeged (SZTE) is a founding member of the European University Alliance for Global Health (EUGLOH) that received the green light to continue its mission and expand its impact for another four years. A statement by SZTE says that during its next phase – EUGLOH 2.0 – the Alliance will gain four new […]
CIB Bank, the Hungarian subsidiary of the several-centuries-old Italian international banking group Intesa Sanpaolo, offers tailor-made solutions and a state-of-the-art digital service portfolio to its clients all over Hungary. As the Chairman and CEO at CIB Bank, Pál Simák notes to Diplomacy&Trade, “centuries of successful operations are only achievable if you stick to universal values […]
The Ambassador of Switzerland to Hungary, Jean-François Paroz and his wife, Dr. Yulia Gusynina Paroz welcomed hundreds of guests to the garden of the Embassy of Switzerland in Budapest this Monday evening to celebrate Swiss National Day. The August 1 national day celebrates a treaty of alliance from 1291 between the cantons of Uri, Schwyz […]
The number of sales and the amount of mortgage loans for housing fell significantly in July, with the number of transactions down to 8,978 and the amount of contracts amounting to HUF 110 billion, the real estate brokerage Duna House said in an estimate posted on the Budapest Stock Exchange (BSE) website on Monday. The […]
‘Plum Naughty Prince’, the work of pastry chef Orsolya Karikó won the title of Hungary's cake this year, while László Gyuris' cake, Grandma's Favorite, won the title of Hungary's sugar-free cake, according to announcements on Monday in Hungarian Parliament. László Selmeczi, co-chairman of the National Association of Hungarian Confectioners, said the winner of the 16th […]
In May 2022, the volume of exports was 12% and that of imports 6.4% higher than in the same period of the previous year. The deficit was EUR 95 million, the balance deteriorating by EUR 166 million compared to a year earlier, Hungary's Central Statistical Office reports. Compared to April, the seasonally and working-day adjusted […]
Red Bull's Max Verstappen of the Netherlands won the 37th Hungarian Grand Prix at the Hungaroring on Sunday, extending the 24-year-old defending world champion's lead in the standings. Verstappen started from tenth position on the grid and won without his rivals having a chance to make things difficult for him. The Dutchman claimed his 28th […]
Pirelli, the multinational tire manufacturer focused on consumer production of tires for cars, motorcycles and bicycles, celebrates an important anniversary this year: the company was founded by Giovanni Battista Pirelli in 1872 – that is, 150 years ago – in Milan, Italy where it still has its headquarters. After its foundation in Milan, the expansion […]
BUX, the stock index of the Budapest Stock Exchange (BSE) fell on a downward trend this week, closing at 41,805.28 points on Friday, 522.39 points or 1.23% lower than a week ago, the state news agency MTI reported Sunday morning. The weekly turnover on the stock market was HUF 36.141 billion, compared to HUF 63.918 […]
George Russell, the British driver of Mercedes, won Saturday's qualifying session of the 37th Hungarian Grand Prix at the Hungaroring, east of Budapest and will start Sunday's race from the front grid position. For the 24-year-old, it is the first pole position of his career. Next to Russell on the starting grid will be Ferrari's […]
The Hungarian government has decided to introduce another tax relief, Finance Minister Varga Mihály has announced. Companies can now pay tax in euros or US dollars. For companies whose income is received partly or entirely in foreign currency, the new rule could bring simplification. The option to pay is available to all companies. Administration will […]
Gergely Gulyás, Minister of the Prime Minister's Office, announced the decision a few minutes after 11:00 o’clock on Saturday morning at the government briefing, and shortly afterwards it was published in the Hungarian Gazette: from 12:00 o’clock on Saturday only private individuals, taxis and agricultural machinery are allowed to receive at the government-capped price of […]
