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2023

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Zwack's Sales Increased by 13% Over Nine Months

Sándor Laczkó
Feb 7, 2023

The gross sales revenue of the Budapest-based liquor company Zwack Unicum Plc. was HUF 29.8 billion in the first three-quarter financial period from the beginning of April to the end of December, which is 13% or HUF 3.5 billion more than the previous data for the same period of the business year. As the spirits […]

Another Hungarian Police Unit to North Macedonia

D&T
Feb 7, 2023

Another Hungarian police unit is going to North Macedonia for the purpose of border protection – the communication service of the National Police Headquarters (ORFK) announced on its police.hu website on Tuesday. According to the announcement, Hungarian police is committed to preventing illegal immigrants from entering Hungary and the European Union. Therefore, in addition to […]

Industrial Production in Hungary Up by 2%

D&T
Feb 7, 2023

The volume of industrial production grew in December 2022 by 2.0% year-on-year in Hungary, the country’s Central Statistical Office reports. Based on working-day adjusted data, production rose by 5.7%. Compared to crude data, the significant difference is due to the fact that there were two less working-days in December 2022 than in December 2021, the […]

Richter Acquires Company in Ireland

D&T
Feb 7, 2023

The Hungarian pharmaceutical company Gedeon Richter Plc. has announced on the website of the Budapest Stock Exchange that it has acquired from shareholders of Consilient Health 100% control of OC Distributors Ltd., an Ireland based company holding the marketing and distribution rights of a number of women’s healthcare products. The transaction value is GBP 32.5 […]

Hungarian Rescue Team Sent to Turkey

D&T
Feb 6, 2023

A 55-strong team from the Hungarian rescue organization ‘Hunor’ left Budapest on Monday for Turkey to help the victims of the earthquake. The HUNOR Rescue Service team consists of professional firefighters, military doctors and ambulance staff. They are also taking two search dogs with them. The team is able to work 24 hours a day […]

BSE: Graphisoft Shares to be Traded in Euros

D&T
Feb 6, 2023

The Budapest Stock Exchange Ltd. (BSE) suspended exchange trading in the ordinary shares of the issuer Graphisoft Park SE Real Estate Development European Company Limited by Shares from the beginning of Pre-Trading phase on February 13, 2023 until the end of the Post-Trading phase on February 14, 2023, a statement on the website of the […]

State Support for Another Battery Parts Firm in Hungary

D&T
Feb 6, 2023

A new stakeholder joins the Hungarian electric vehicle manufacturing landscape thanks to Nippon Paper’s investment in Vácrátót, north of Budapest to produce high-performance environmentally friendly cellulose-based additives for batteries, according to the Hungarian Investment Promotion Agency (HIPA). The company plans to set up an 8,000-square-meter plant in Hungary that is expected to be up and […]

Hungarians Spend Less and Less on Food Items

D&T
Feb 6, 2023

In December 2022, the volume of sales in retail trade decreased by 4.8% according to raw data and by 3.9% when adjusted for calendar effects compared to the same period of the previous year. In December, calendar-adjusted sales volumes decreased by 8.3% in specialised and non-specialised food shops and by 0.4% in non-food retailing and […]

Workforce Retention Has Become a Key Issue

D&T
Feb 5, 2023

Companies will put much more focus on retaining their workforce than in the past. With labor shortages still persisting in Hungary, larger employers are typically attracting labor away from each other, an expert told the business news site napi.hu. This trend is particularly noticeable at the beginning of the year, as there is a greater […]

Beer Production Still Under Pre-Pandemic Levels

D&T
Feb 5, 2023

Sales of Hungarian beer companies increased last year compared to the previous year, but still lagged behind 2019, with domestic production in 2022 close to 2021 levels. Continuing the trend of previous years, the share of premium, super-premium and non-alcoholic beers among the products continued to rise The combined sales of the five largest beer […]

BUX Index Fell on Rising Turnover This Week

D&T
Feb 5, 2023

The Budapest Stock Exchange (BSE) share index fell in the week, closing at 45,396.33 points on Friday, down 2.68% or 1,249.08 points from a week earlier. The weekly turnover of the stock market was HUF 55.39 billion, up from HUF 38.95 billion the previous week, with the leading stocks ending the week lower, except for […]

Hungarian Population: Almost Everyone Forced to Save

D&T
Feb 4, 2023

Food was a clear winner in a recent poll conducted for the news site Napi.hu by the public research company Pulzus: 59% of the Hungarian population cut back on food spending in the last six months. The same proportion of the spending cut was measured for entertainment. The survey also shows that since August, at […]

Avidin Ltd. Develops Diagnostic Technology in Szeged

D&T
Feb 4, 2023

Avidin Ltd., based in Szeged, SE Hungary, has expanded its diagnostic range with high-sensitivity solutions based on fluorescence technology with an investment of over HUF 305 million, half of which is funding from the European Union. Founded in 2002, Avidin Ltd.'s main goal is to identify new small molecules that can be the starting points […]

Outstanding Hotel Turnover in December

D&T
Feb 4, 2023

The performance of Hungarian hotels in December was again better than expected, despite the rising inflation and the Russian-Ukrainian war, the Association of Hungarian Hotels and Restaurants (MSZÉSZ) has announced. They recalled that in 2022, with the lifting of the epidemic restrictions, both domestic and international tourism started to grow dynamically, and this was reflected […]

Budapest’s Main Airport had a Challenging Year in 2022

D&T
Feb 3, 2023

2022 was an extremely challenging, yet very successful year for the Hungarian capital’s Ferenc Liszt International Airport, the operator company Budapest Airport reports. The airport recovered 75% of its pre-COVID passenger traffic, added brand new destinations to its schedule and became a regional leader in quality, while air cargo volumes hit unprecedented records. A number […]

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