The European Investment Bank (EIB), the bank of the European Union, and the National Bank of Hungary (Magyar Nemzeti Bank - MNB), the Hungarian central bank, have signed an agreement to enable the EIB to support the Hungarian economy with more long-term green loans. The operation creates a new source of more affordable financing for […]
The number of nights spent by domestic guests at commercial accommodation establishments (hotels, boarding houses, camping sites, bungalow complexes and community hostels) increased – mainly due to the low base caused by the pandemic restrictions – more than four-and-a-half-fold in March 2022 compared to the same month of 2021, the Central Statistical Office reports. However, […]
World-renowned Israeli chemist Avram Hershko has been awarded the University of Debrecen Science Impact Award (uDEsia) at the University of Debrecen. The Nobel Prize-winning researcher received the institution's most prestigious scientific award from Vice-Rector for Science László Csernoch. The uDEsia Award, established by the Senate of the University of Debrecen, is awarded to a Nobel […]
Erste Bank Hungary posted a negative result after tax in the first quarter. One of the main reasons for this is that the National Deposit Insurance Fund ordered an extra payment of HUF 7.9 billion due to the liquidation of Sberbank. Erste closed the first quarter with a minus of HUF 908 million, the bank's […]
In March 2022, the volume of retail trade in both raw and calendar-adjusted data was 16.2% higher in Hungary than in the same month of the previous year, the country's Central Statistical Office reports. In March, calendar-adjusted sales volumes were essentially unchanged in specialized and non-specialized food shops and rose by 29.7% in non-food retailing […]
Another Hungarian police unit will be deployed to North Macedonia for border protection purposes, the communications service of the National Police Headquarters said on Tuesday on police.hu. According to the statement, the Hungarian police officers serving in the 29-member contingent in North Macedonia will carry out their duties with their own equipment, and will exercise […]
Close to 60% of Hungarians are almost certain to spend a few days in a domestic holiday destination this year, while 47% will definitely not cross the border in the summer months, according to a representative survey by the insurance firm Generali that sent the results to the state news agency MTI on Tuesday. The […]
More than ten thousand people arrived in Hungary from Ukraine on Monday, the National Police Headquarters (ORFK) told the state news agency MTI on Tuesday morning. 4,664 people entered Hungary on the Ukrainian-Hungarian border, while 5,510 of those entering through the Romanian-Hungarian border said they had arrived from Ukraine. Of those who entered, police issued […]
Following similar moves by several other countries, the Hungarian Embassy to Ukraine, which had temporarily been moved to the western Ukrainian city of Lviv, is now operating again in the Ukranian capital, the Hungarian Ministry of Foreign Affairs and Trade has announced. Security conditions are considered to be adequate, and "it makes sense for the […]
Industrial producer prices were 25.9% higher on average in Hungary in March 2022 than a year earlier. Domestic output prices were up by 39.4% and non-domestic output prices by 19.0%, the country's Central Statistical Office reports. The rate of increase of prices was influenced principally by rises in base material and energy prices as well […]
Hungary’s new parliament held its opening session this Monday following the April 3 general elections. Shortly after 11 a.m., President János Áder opened the inaugural session of Hungary’s ninth freely elected National Assembly. Based on the results of the April 3 general elections, the Fidesz-KDNP alliance won 135 out of 199 seats in the Hungarian […]
65 patients have died in the past three days in Hungary, bringing the total official number of deaths related to the new coronavirus infection in this country to 46,266, according to the related government information website. Since Friday, 2,183 new cases of coronavirus infection have been confirmed, which means the total number of identified infections […]
Trade unions need to renew themselves, because in the times ahead, they need strong, organized employee interest groups in partnership with political parties, the Hungarian Trade Union Confederation (MASZSZ) said at its traditional Labor Day workers’ gathering (May Day picnic) in Budapest on Sunday. Speaking at the event in Városliget (City Park), recently elected MASZSZ […]
Two years after the start of the new coronavirus epidemic, the situation in Hungary in terms people working from home is similar to international trends. According to a survey by HR magazine Behaviour, employers also stick to hybrid working: 56.7% of respondents are likely to stay in this arrangement in the long term, the business […]
The stock index of the Budapest Stock Exchange (BSE) rose this week, closing at 43,469.84 points on Friday, 293.20 points, 0.68% higher than a week ago. Turnover was HUF 71.2 billion, up from HUF 55.71 billion the previous week, with the leading shares, with the exception of Richter, weakening, the state news agency MTI reported […]
