The common European currency, the Euro crossed the HUF 409 mark on Tuesday afternoon, setting a new record. At the same time, the Euro also reached a new low against the US currency, which was at HUF 398 forints to the dollar at one point, the popular news site telex.hu reports. On June 13, the […]
The fully Hungarian-owned Jász-Plasztik Ltd. in Jászberény, E Hungary has carried out a HUF 10 billion capacity expansion development. Over a third of the invested amount is covered by Hungarian taxpayers through the government’s Large Enterprise Investment Support Program. Jász-Plasztik Ltd. employs around 6,000 people at home and abroad, with production in six factories in […]
In September, Budapest Airport will launch its largest residential noise insulation program, featuring many services and a budget of around HUF 1.2 billion over three years. The aim of the program, which has been running for more than ten years and will be expanded from fall 2022, is to reduce the noise burden for people […]
The share of solar power plants in total energy generation in Hungary was 11.1% last year, the highest in the 27 countries of the European Union, the Hungarian Energy and Public Utility Regulatory Authority (HEA) said in its electricity market report for 2021. The aggregate electricity consumption of the 27 member states increased by 4.3% […]
In the first half of this year, 68,965 imported used cars were registered in Hungary, which is an increase of 9.8% compared to the 62,836 registered in the same period last year, JóAutók.hu [‘Good cars’] reported. In a statement to the state news agency MTI, Bertalan Halász, CEO of JóAutók.hu, pointed out that used car […]
There are no signs of a crisis on the labor market for the time being, but the wage pressure is so great due to inflation that HR departments are now citing this as the most pressing issue to address, Zoltán Karácsony, a job market expert at HR Portal, told the business news portal Világgazdaság [‘World […]
Labor shortage in the hospitality sector has eased, but it has not gone away, and the wage increase at the beginning of the year has already been eaten up by inflation. To solve the sector's labor shortages in the long term, even better wages are needed. The President of the Hungarian Hotel & Restaurant Association, […]
The expectations of real estate companies for price increases have weakened slightly, with half of respondents in the capital and two-thirds in rural areas expecting price rises; the price of second-hand housing may rise by 6% in the next year, while the price of new housing by almost 10%, according to a joint survey by […]
The 19th FINA World Aquatics Championships completed in the Hungarian capital this Sunday after over two weeks of competition, in swimming, artistic swimming, open water swimming, diving and waterpolo. The medal table of the event was topped by the United States with Hungary finishing on the 10th place. 17 days of competition at the 19th […]
On Saturday, 6,724 people entered Hungary at the Ukrainian-Hungarian border, while 5,408 of those entering at the Romanian-Hungarian border said they had come from Ukraine, the National Police Headquarters (ORFK) told the state news agency MTI. Of those who entered, the police issued 313 people with temporary residence permits valid for 30 days. They will […]
The Budapest Stock Exchange (BSE) share index (BUX) fell on rising turnover this week, closing at 39,331.33 points on Friday, down 0.21% (81.41 points) on the previous week, the state news agency MTI reported Sunday morning. Turnover rose from HUF 38.25 billion the previous week to HUF 41.03 billion, with the leading shares weakening, with […]
The 176th main shipping season of the Balaton Shipping Company (Bahart) has begun this Saturday. The company awaits in 17 ports those who wish to sail and take excursions with renovated ships, renewed and extended timetable. According to a company statement sent to the state news agency MTI, the 58-day peak passenger season will see […]
Customer experience (CX) is one of the most important competitive advantages for companies today, but a significant number of Hungarian companies are still at a disadvantage in this area, the Hungarian Marketing Association told the state news agency MTI. According to a Hungarian survey of companies with more than 250 employees, customer experience is part […]
The CE Glass Group has expanded its plant in Szeged, SE Hungary by 5,400 square meters in two phases and almost doubled its capacity in the production of safety glass, the company informed the state news agency MTI. According to the statement, the glass company with centuries-old family roots, formerly known as Szilánk (‘Splinter’), moved […]
The MOME Mobility Design Lab, one of the most advanced vehicle design workshops in the region, was opened this Friday at the Moholy-Nagy University of Art and Design (MOME), in the presence of Mercedes-Benz Chief Designer Gorden Wagener. MOME aims to be the best and most exciting university in the Baltic to Balkan region, said […]
