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2022

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Coronavirus Concentration in Wastewater Keeps falling

D&T
May 24, 2022

In six cities the decrease is significant, in the other municipalities the concentration is stagnating and nowhere is it increasing, the business news site hvg.hu reports. The national average concentration of the coronavirus hereditary agent in wastewater continues to decline in the 20th week, the National Center for Public Health (NNK) said on Tuesday. Significant […]

Pandemic: Second Loss-Making Year for Budapest Airport

D&T
May 23, 2022

EUR 25 million more in revenues and 22 million EUR less in losses – this is a concise summary of Budapest Airport’s financial year 2021. Despite a 20% increase in passenger traffic last year and a 36% increase in air cargo volume compared to 2020, the company operating Ferenc Liszt International Airport ended the second […]

Business and Consumer Expectations Down Significantly

D&T
May 23, 2022

After improving by eight points in April, the GKI economic sentiment index fell by five points in May. This is a very significant fluctuation, but the May figure is about the same as a year earlier. According to the empirical survey conducted by GKI Economic Research Co. with the support of the EU, business expectations […]

Strengthening Bonds Through Cooperation

D&T
May 23, 2022

“Trade relations between Hungary and Belgium have been soaring recently,” the Ambassador of the Kingdom of Belgium to Hungary, Siegfried Peinen tells Diplomacy&Trade in the leading article of the Belgian Focus celebrating the 100th anniversary of diplomatic relations between Hungary and Belgium. Looking back at the history of this century, Ambassador Peinen notes that at […]

Love Concert for Peace, for Ukraine, for Transcarpathia

D&T
May 23, 2022

Eight aid organizations invited the most renowned artists of the Hungarian music scene to perform a joint charity concert to promote peace and love. At Sunday evening's concert at the Papp László Budapest Sport Arena, the performers were accompanied by the Danubia Orchestra and young Russian and Ukrainian musicians studying in Hungary. People in Hungary […]

New Museum of Ethnography Inaugurated

D&T
May 22, 2022

The new building of the Museum of Ethnography, which was built in the framework of the Liget Budapest project at the gateway to the City Park, was inaugurated on Sunday afternoon. It opens to visitors on Monday with temporary and permanent exhibitions. The project's Ministerial Commissioner, László Baán was of the view that the Liget […]

BUX Rose This Week Amid Falling Turnover

D&T
May 22, 2022

The Budapest Stock Exchange's (BSE) share index, the BUX, rose to 41,779.48 points on Friday, up 523.78 points or 1.27% on the previous week, the state news agency MTI reported this Sunday morning. Weekly turnover fell from HUF 70.882 billion to HUF 68.313 billion, with leading shares performing mixed.  The BUX saw significant fluctuations during […]

Korea Day in Budapest

D&T
May 21, 2022

The Korean Cultural Center in Budapest celebrated its 10th anniversary with a free all-day cultural festival at the Millenáris Events Center this Saturday. The organizers welcomed everyone who would like to learn more about Korean culture. The event offered cultural activities for all ages. On the main stage, the organizers prepared traditional as well as […]

Győr-Sopron-Ebenfurt Railways Celebrates 150 Years

D&T
May 21, 2022

The Győr-Sopron-Ebenfurt railway company (GYSEV) is celebrating 150 years of its foundation this year, and to mark the occasion, the commemorative engine GYSEV150 has officially been inaugurated: the Siemens Taurus is covered with a sticker. The graphic features the number 150, the year 1872, the year of foundation, and the GYSEV150 logo, created by GYSEV […]

Collector Coins Commemorate the Golden Bull of 1222

D&T
May 20, 2022

Named “II. András Aranybullája” (The Golden Bull of Andrew II of Hungary), the Magyar Nemzeti Bank is issuing a small-sized gold coin at a face value of HUF 10,000 and a non-ferrous metal coin at a face value of HUF 5,000, which is the same size as the seal on the Aranybulla, in Esztergom to […]

Semmelweis University and Roche: Cooperation Agreement

D&T
May 20, 2022

A strategic cooperation agreement between Semmelweis University and Roche Hungary, a healthcare company at the forefront of biotechnology and diagnostics, will bring significant advances in R&D activities, particularly in the fields of oncology, haematology, immunology, neurology and ophthalmology. The research projects can greatly contribute to the treatment of rare and serious diseases, as well as […]

Hungary seeks domestic ownership in key sectors, may levy special taxes

D&T
May 20, 2022

Hungary’s incoming government faces some of the biggest economic challenges of the last decade as rampant energy prices may force it to abandon state-imposed price caps, while global disruptions are denting prospects for growth. The new Orbán government may again deploy unorthodox economic measures to guard fiscal stability and prop up the economic outlook. Prime […]

The Largest Beer Producers' Turnover Below 2019 Levels

D&T
May 20, 2022

In the first four months of this year, the production of the five largest Hungarian beer producers was 1.6 million hectoliters and their domestic sales 1.7 million hectoliters, the former 8 % and the latter 4 % lower than in the same period of 2019, the director of the 30-year-old Association of Hungarian Brewers, Sándor […]

Interest in Electric Cars Growing in Hungary

D&T
May 19, 2022

One in three Hungarian drivers is considering buying an electric car because of its lower maintenance costs and lower emissions. That is according to a representative survey conducted by the international consultancy firm Ernst & Young (EY). Results of the survey sent to the state news agency MTI suggest that 80% of Hungarians have never […]

Euronics Opens Robotized Warehouse in Üllő

D&T
May 19, 2022

The Euronics technical goods chain has opened a robotized warehouse in Üllő, just outside Budapest where the HUF 1.6 billion investment has doubled the warehouse space and, thanks to automation, the dispatch of goods is about 30% faster. A statement sent by the company to the state news agency MTI stresses that the artificial intelligence-controlled […]

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