122 destinations and 112 cities are directly accessible from Budapest’s Ferenc Liszt International Airport in the 2022 summer season, with flights operated by 35 airlines. According to a press release by Budapest Airport about the summer schedule, Izmir, Turkey, has become a new destination accessible directly from the Hungarian capital. Turkey’s third largest city is […]
The construction, operation, financing, development and acquisition of commercial property in 2022 and beyond will continue to be impacted by the price of fuel, energy and construction materials. This will be combined with challenges in the supply chain, the nearshoring of operations and rapidly rising inflation, culminating in a direct effect on sale prices and […]
Electronic product manufacturer RAFI Hungaria Ltd. is to carry out storage expansion related investments in value of EUR 6.5 million in Mezőtúr, eastern Hungary. Over a quarter of the investment amount is covered by Hungarian taxpayers through a government decision. The project should be completed by the end of the year. Founded in Germany over […]
According to the sale and purchase agreement, the sale price for all shares representing the stake is HUF 90 million. The name of the buyer was not disclosed. TT-Geotermia, 100% owned by PannErgy Plc., owns some, mostly rather obsolete, equipment and facilities that provide conventional utility distribution to PannErgy’s properties held for utilization and sale […]
In February 2022, the volume of retail trade in both raw and calendar-adjusted data in Hungary was 9.8% higher than in the same month of the previous year, the country's Central Statistical Office reports. In February, calendar-adjusted sales volumes rose by 3.4% in specialised and non-specialised food shops, by 14.6% in non-food retailing and by […]
The Ambassador of Spain in Budapest, Anunciada Fernández de Córdova has presented the Cross of Officer of the Order of Isabella the Catholic that King Felipe VI of Spain has granted to Péter Tóth, Director of the Spanish-Hungarian company ‘Olmos and Tóth’. At the proposal of Anunciada Fernández de Córdova, Ambassador of Spain in Hungary, […]
The European Commission has sent a formal notification to the Hungarian government to launch the so-called conditionality mechanism, which links the disbursement of EU funds to the rule of law, European Commission President Ursula von der Leyen announced in Strasbourg on Tuesday at the European Parliament (EP) plenary session. As the Hungarian state news agency […]
101 patients have died, according to data from the official government site koronavirus.gov.hu website for the past four days, published on Tuesday morning. This brings the official number of deaths in Hungary to 45,611 since the start of the pandemic. During this period, 5,961 new infections have been confirmed, bringing the total number of identified […]
In February 2022, the volume of industrial production grew by 4.5% year-on-year in Hungary, the country’s Central Statistical Office reports. The working day adjusted index is equal to the non-adjusted one. According to seasonally and working-day adjusted data industrial output was 1.6% higher than in January 2022. The majority of the manufacturing subsections contributed to […]
Hungary’s parliamentary elections offered voters distinct alternatives and were well run, but while competitive, the process was marred by the pervasive overlapping of government and ruling coalition’s messaging that blurred the line between state and party, as well as by media bias and opaque campaign funding, international observers said in a statement this Monday. The […]
The Russian-Ukrainian war is also putting the construction industry in Hungary in a difficult situation, raising prices for domestic construction materials and making it impossible to import products, and slowing down construction work, according to the results of a recent sectoral economic survey. The President of the National Association of Construction Contractors (ÉVOSZ), László Koji, […]
The ruling Fidesz party won the Hungarian parliamentary elections this Sunday and is likely to retain a two-thirds majority in parliament with 53% of the votes. Among those congratulating PM Viktor Orbán were Russian President Vladimir Putin and Italian right-wing Liga party leader, Matteo Salvini. With over 98% of the votes counted in the single […]
The last two years have seen a surge in the popularity of online shopping. In a representative survey, eMAG, the online retailer, has found out who, what and why they buy on online marketplaces: 89% of the respondents spend at least a few times a year on marketplaces, and more than a third shop on […]
In Hungary, the car is still the most important means of mobility, two thirds of Hungarians cannot imagine their lives without it, a representative survey commissioned by Robert Bosch and conducted by Medián shows. As the financial news suite portfolio.hu reports, the just published survey that examined car ownership habits and attitudes towards electromobility shows […]
The stock index of the Budapest Stock Exchange (BSE) rose this week, closing at 45,034.79 points on Friday, up 1,051.41 points or 2.39% from a week ago. Turnover was 121.08 billion forints, up from HUF 92.09 billion the previous week, with the leading shares, with the exception of Richter, gaining, the state news agency MTI […]
