Last year, garages were 18% more expensive than a year before according to sales data, with their average price exceeding HUF 5 million, the real estate agency Otthon Centrum told the state news agency MTI on Monday, based on its network data. The statement quoted Gábor Soóki-Tóth, Otthon Centrum's head of analysis, who said that […]
The European Commission has concluded that Hungary's decision to veto the acquisition of the Hungarian subsidiaries of the AEGON Group by Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) breached Article 21 of the EU Merger Regulation (EUMR), which confers upon the Commission exclusive competence for concentrations having Union dimension. According to the European Commission, […]
13,261 new infections have been confirmed in the past three days, bringing the total number of identified cases in the country to 1,759,685 since the beginning of the epidemic. The number of active infected persons has decreased to 189,560. According to the government website koronavirus.gov.hu, 233 mostly elderly, chronic patients died from Friday to Sunday, […]
MOL Group has announced its financial results for Q4 and full year 2021. In a very volatile external environment, MOL Group generated USD 947mn Clean CCS EBITDA in Q4, bringing full-year clean CCS EBITDA to an all-time high USD 3.531 bn, above the updated guidance. Simplified free cash flow tripled since last year and amounted […]
The Budapest Stock Exchange (BSE) share index (BUX) fell on rising turnover this week, while the BUX 50 closed at 237.20 points on Friday, down 3.65% on a week ago at 1,904.38 points, the state news agency MTI reported this Sunday. Turnover on the stock market was HUF 66.5 billion, down from HUF 54.1 billion […]
The Hungarian version of Wikipedia, the best-known free encyclopedia, has reached half a million entries this week after 19 years of work and nearly 25 million edits. The crossing of this milestone (with an article about diplomat Károly Szarka) was announced by the Wikimedia Hungary Association in a statement sent to the state news agency […]
The Nagykanizsa chess club Aquaprofit from SE Hungary, the defending champion in the Chess Superleague team championship, has taken a major step towards another major milestone by signing a three-year naming sponsorship contract with the Finland-based software giant TUXERA, an IT storage and networking company. At the signing of the contract, the parties stressed their […]
German engineering giant Bosch will strengthen its electromobility R&D and production activities in Hungary. “Our goal is to make Budapest a center in central and eastern Europe for the development of electric and hybrid drivetrains as well other technical solutions,” the top Bosch official in Hungary, István Szászi points out. As reported by the Hungarian […]
Another 100 patients have died in the past 24 hours due to the new coronavirus infection, bringing the official total number of deaths in this country to 43,066 since the beginning of the epidemic, the government information portal reports. 7,480 new infections have been confirmed and thus, the total number of identified infections to 1,746,424 […]
The European Court of Justice delivered a historic ruling this week that ties EU fund payments to the rule of law. The decision allows Brussels to withhold funds from Hungary and Poland, two countries that Brussels has accused of failing to uphold democratic standards. Hungary has long been at loggerheads with the European Union over […]
Following a visit to Moscow, Brazilian President Jair Bolsonaro was in the Hungarian capital this Thursday and held talks with Hungarian officials such as Presdient János Áder and Prime Minister Viktor Orbán. Hungary has a vested interest in close cooperation with Brazil. That is according to Hungarian PM Viktor Orbán who spoke after talks with […]
PEX Automotive Systems Ltd. expands capacity with an investment of EUR 15 million as a result of which, apart from the manufacturing of traditional products of the company such as brake wear signals and cables, e-mobility and intelligent automotive related production can also launch. Up to 35 new jobs will be created as part of […]
A diplomatic career appears interesting and even exciting to some, but in reality, it is filled with various routines and ceremonies, which are monotonous at times. At the same time, diplomacy requires dealing with a series of tense, if not conflicting, situations in which one must often find carefully measured compromises and solutions, when it […]
Developments at Ferenc Liszt International Airport are proceeding at a dynamic pace; in 2019, 2020 and 2021, Budapest Airport spent more than HUF 70 billion on capacity expansion, infrastructure and sustainability developments, as well as other background developments enhancing the passenger experience and digitalization. The results of these investments are also clearly reflected in passenger […]
With measures for the protection of the Union budget in mind, the Court of Justice, sitting as a full Court, dismissed the actions brought by the Hungarian and Polish governments against the conditionality mechanism which makes the receipt of financing from the Union budget subject to the respect by the Member States for the principles […]
