The Hungarian government has declared an energy emergency and adopted a seven-point action plan, as part of which it will ensure gas and electricity prices limited by the cuts in the electricity and gas bills will only be applied only up to the average household consumption from August 1, this year, Gergely Gulyás, Minister of […]

In May 2022, the volume of industrial production grew by 9.4% year-on-year. Based on working-day adjusted data production rose by 3.4%, the Hungarian Central Statistical Office reports. Compared to crude data, the significant difference is due to the fact that there were two more working days in May 2022 than in the same month of […]

Financing difficulties in the construction sector are compounded by late payments from long chains of subcontractors, especially to the micro and SME sector. In addition, only a fraction of these companies are creditworthy, which is why it is particularly important for them to obtain advances from customers, the National Federation of Hungarian Building Contractors (ÉVOSZ) […]

A total of 8,036 new cases of coronavirus infections have been confirmed nationwide in the past week, according to the latest information published on Wednesday by the related government portal. During the same week, 35 new coronavirus-related deaths were recorded. This means that the key figures have almost doubled in a week, with only 4,663 […]

Hungary's inflation would have been much worse than now, the highest in the EU, without state intervention, the Hungarian economic research company GKI reported. In May, Hungarian inflation was the ninth highest in the EU at 10.8%, and while all EU countries have yet to release their June figures, it is already known that Hungarian […]

The government majority of Hungarian Parliament passed the modification of the KATA (Lump sum tax of small enterprises) tax law, which means that from September, workers paying tax according to this tax regulation, will only be allowed to work for private individuals – except for taxi drivers who are indicated as exemptions in the modified […]

Unlike Hungarians, citizens of most other EU countries consider public TV channels and radio stations to be the most credible source of news. Their main source of information is television, while in Hungary, it is social media besides TV and radio, according to a Eurobarometer survey of Europeans' media consumption habits published on Tuesday. According […]

The number of members and assets under management of the National Association of Voluntary Funds (ÖPOSZ) increased in the first quarter of this year compared to the previous year, the association said in a statement on Tuesday. Almost 31,000 people have joined the voluntary funds since March 2021. Of these, 24,000 joined health funds, bringing […]

The total stock of SBU (Small Business Units) / LML (Last Mile Logistics) space in the CEE-15 countries accounts for over 3 million sqm, but the development of this market is not evenly spread in the region. The largest amount of space is located in Poland (cca 2 million sqm), according to a new report […]

This Monday saw the first main draw matches played at the USD 250,000 WTA Hungarian Grand Prix women's tennis tournament at the Római Tennis Academy in Budapest. In singles, both Hungarians competing today lost but local fans could see a Hungarian victory in doubles. Both Hungarian players participating in the singles main draw on Monday, […]

Alstom has expanded its activities in Hungary: it is producing a bogie frame for its hydrogen-powered passenger train at its factory in Mátranovák, NE Hungary, and plans to hire 100 new employees, the company told the state news agency MTI on Monday. The first bogie was recently completed in Mátranovák, where an investment of more […]

To coincide with World Population Day, the Hungarian Central Statistical Office (KSH) has launched the website of this year's census, which will take place between October 1 and November 28, the Office has announced. On the new online platform, the largest census of the entire Hungarian population, which surveys the most important characteristics of Hungarian […]

After 18 years, Hungary’s national medical football team won the world championship title again as they won the World Medical and Health Games (Medigames) tournament in Monte Gordo, Portugal. The Hungarian national team, made up of doctors, medical students and pharmacy students, won all their games, marching through to the final with a flawless performance. […]

6,768 people entered Hungary at the Ukrainian-Hungarian border on Saturday, while 6,380 of those entering the Romanian-Hungarian border said they had arrived from Ukraine, the National Police Headquarters (ORFK) told the state news agency MTI on Sunday. Of those who entered, the police issued 372 people with temporary residence permits valid for 30 days. They […]

The Budapest Stock Exchange (BSE) stock index rose on rising turnover this week, with the BUX closing at 39,846.64 points on Friday, up 1.31% or 515.31 points from the previous week's close, the state news agency MTI. Turnover rose to HUF 46.99 billion, up from HUF 41.02 billion the previous week, with leading shares rising. […]