Consumer prices were 8.3% higher on average in Hungary in February 2022 than a year earlier, the country's Central Statistical Office reports. The last time inflation was as high in Hungary was in August 2007. The highest price rises over the last 12 months were measured for motor fuels as well as food. In one month, consumer prices […]

Although the Suzuki Vitara has been the market leader among new cars in Hungary since its launch in 2015, the Opel Astra, another model with Hungarian roots, is the favorite in the used car market. Not only did it top the list of domestic changes of ownership and second-hand imports in 2021, it also registered […]

A large number of Japan’s most prominent landmarks and an impressive number of high-rise buildings both in Japan and around the world have been created by Takenaka Corporation. It is the biggest Design & Build general construction company in Japan providing services in architecture, engineering, and construction. Takenaka has a long and storied history that […]

Colliers stands with the people of Ukraine, an independent country, and strongly condemns the invasion by the Russian military. These actions are indefensible and in complete contrast to the principles of democracy and freedom, according to a press statement by the professional services and investment management company that is active in Hungary as well. The statement […]

The Hungarian currency, the forint (HUF) weakened steadily on Monday, with the euro at HUF 388.19 at dawn and crossing HUF 390 by the morning. The weakening did not stop thereafter, with negative records being broken one after the other, reaching the HUF 399 mark a few minutes before 10 am. This is how the […]

The foundation stone of leading powertrain system developer AVL Hungary’s new vehicle test hall was laid in Érd, just SE of Budapest, where the company is building out its new center and automotive test base. The current phase of the investment announced back in 2018 is completed for EUR 20.1 million, and it creates 250 […]

150 patients have died in the past three days, bringing the official number of deaths linked to the new coronavirus infection to 44,436, according to the government's related website. As of Sunday, 5,852 new cases of coronavirus infection had been confirmed in Hungary, bringing the total number of identified infected people to 1,805,898 since the […]

The Association of Hungarian Communication Agencies (MAKSZ), one of the most important Hungarian organizations of the marketing profession, held its first annual general meeting since the outbreak of the epidemic. The assembled agency leaders unanimously re-elected former president Nikolett Blaskó, under whose chairmanship the association has gained new momentum. The statutes of the MAKSZ did […]

The government has announced that it will lift the remaining restrictions as the fifth wave of the epidemic recedes. From Monday, masks will no longer have to be worn in the previously required confined spaces, so restrictions will be lifted on public transport and in shops, educational and healthcare institutions, according to a government decree […]

“Serving society with superior quality” is the mission that has defined the operation of Bridgestone Tatabánya as an integral part of the company group for 15 years. Like the parent company, the regional factory unit shapes its operations and global business policy according to the principles of its founder, Shojiro Ishibashi. Developments at the Tatabánya […]

The Budapest Stock Exchange's (BSE) share index fell in heavy trading this week, with the BUX closing at 40,246.70 points on Friday, down 12.07% on a week ago to 5,522.46 points, the state news agency MTI reported this Sunday. Turnover on the stock market almost doubled to HUF 322.227 billion from HUF 176.57 billion last […]

The new hall will create almost 200 new jobs and significantly increase the company's capacity, Aeroplex's Managing Director, Árpád Demény said at the opening event. It is just as important that the development would enable them to offer airlines exceptional services at a European level, he added. According to Aeroplex, the construction of the 8,000-square-meter […]

Mathematician and former president of the Hungarian Academy of Sciences (MTA), László Lovász, has appointed by the European Commission as of three new members, for a term of four years, to the Scientific Council, the governing body of the European Research Council (ERC), Europe's main scientific organization. The other new members are astrophysicist Chryssa Kouveliotou, […]

3,064 new infections have been identified in Hungary over the last 24 hours, bringing the total number of identified infections in this country since the beginning of the epidemic to 1,800,046. 75, mostly elderly, chronic patients died, bringing the official total number of deaths related to the new coronavirus epidemic to 44,286. The number of […]

Russia’s invasion of Ukraine sent markets in the region into a whirlwind and pushed the Hungarian forint to a record low against the euro this week. The National Bank of Hungary said it would take the necessary measures to contain the impact of the Ukrainian conflict on financial markets. International market sentiment sank this week […]