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January 2023

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Hungary's Population Continues to Decrease

D&T
Jan 27, 2023

7,366 children were born and 11,940 people lost their lives in December, which means a natural decrease of 4,574 compared to the previous month and 45,300 in the year 2022, the Central Statistical Office reports. In 2022, the number of births diminished by 5.0%, that of deaths by 13% and the number of marriages by […]

Hungary Faces Steep Economic Challenge in 2023

D&T
Jan 27, 2023

Hungary’s ruling Fidesz party faces probably the toughest year of its 13-year reign at the helm of the country. The economic picture is bleak and the silver lining very slim. The energy crisis engulfing Europe and Hungary, the ongoing stand-off with the EU and consequent freezing of funds, and the impact of the war in […]

Science and Innovation Park with EU Funding in Pécs

D&T
Jan 27, 2023

The establishment of a science and innovation park has begun at the University of Pécs (PTE) as part of a development project funded by the European Union with nearly HUF 4.5 billion, which will be completed this autumn, it was announced at a press conference in the Baranya County seat on Thursday. As one of […]

Logistics Real Estate Increased by Nearly 120,000 sqm

D&T
Jan 27, 2023

In the last three months of the year, 60,900 square meters of new logistics real estate was delivered in the Budapest agglomeration, while in the countryside almost 48.300 square meters were delivered, according to the Budapest Real Estate Consultants' Forum (BIEF). Last year, a total of 333,210 square meters of new space was added to […]

E.ON Hungária: HUF 74 Billion Network Development

D&T
Jan 26, 2023

The E.ON Hungária Group is launching a HUF 74 billion network development project, half of which will be financed from its own resources and the other half from the EU's Recovery and Resilience Facility (RRF) program, pre-financed by the Hungarian government, the Group announced at a press conference in Budapest on Thursday. The Group's Deputy […]

IKEA Hungary's Turnover Was Up by Almost 20% Last Year

D&T
Jan 26, 2023

IKEA Hungary achieved a turnover of HUF 130 billion in the financial year 2022, an increase of almost 20% compared to the previous year, while online sales grew at an even higher rate of 34%, the home furnishing chain told MTI on Thursday. The stores welcomed 3.5 million shoppers, while the share of online shopping […]

Almost 24,000 People Diagnosed with Flu-Like Illnesses

D&T
Jan 26, 2023

Close to 24,000 people visited the doctor with flu-like symptoms last week, according to reports from doctors participating in the surveillance service, the National Public Health Center (NNK) said in its weekly report on Thursday. It said that in the third week of the year, 185,400 people went to the doctor with symptoms of acute […]

International Tenant to Move to H2Offices

D&T
Jan 26, 2023

Orbico Hungary has decided to move to the first phase of H2Offices complex in Budapest. The new tenant will occupy 1,253-sqm office space in the building, the building's developer, Skanska has announced. According to the press release, the international distribution and logistics provider, Orbico Hungary has signed a long-term lease agreement for 1,253-sqm office space […]

Nobody Can Do It Alone

D&T
Jan 25, 2023

The world faces three critical challenges: the climate emergency, the loss of natural diversity, and growing social inequalities. Systemic changes are needed instead of isolated measures, which require profound and comprehensive cooperation across sectors and between economic actors. Building on these thoughts, the Business Council for Sustainable Development in Hungary (BCSDH), recognizing the opportunities inherent […]

COVID-19: Pandemic Numbers Improving in Hungary

D&T
Jan 25, 2023

29, mostly elderly, chronic patients died last week (down from 51 in the previous week), bringing the official total number of deaths in this country to 48,658. The number of recovered cases is slightly down (2,137,305) while the number of active infected has fallen to 5,864. There are currently 472 patients with the new coronavirus […]

Metal Furniture Factory in Mórahalom with EU Funding

D&T
Jan 25, 2023

KAP Processing Ltd. is to set up a modern metal furniture factory in Mórahalom, SE Hungary, with the support of the European Union, the company informed MTI. According to the statement, the investment, which will be completed by August, will cost HUF 257 million, of which about HUF 180 million forints will be covered by […]

Solar FM Implements Green Technology Development

D&T
Jan 25, 2023

Solar FM Ltd. will produce a rotating support structure for solar panels. The company has won a HUF 1.5 billion grant for the almost HUF 3 billion investment in Komló, S Hungary, under the Economic Development and Innovation Operational Program (Ginop) Plus, which uses EU funding. According to the information provided to MTI by the […]

Budapest 150 Series of Events Gets Underway

D&T
Jan 24, 2023

The Budapest 150 program series celebrating the 150th anniversary of the unification of the Hungarian capital has begun with the announcement of the Budapest Nyitány (Budapest Overture) composition competition and the awards ceremony of the Budapest Drama Competition. Mayor Gergely Karácsony said at the event on Tuesday at the Örkény Theater that Budapest was not […]

FruitVeB: Abundant Rainfall Good for Apple Orchards

D&T
Jan 24, 2023

Although it is impossible to estimate this year's crop prospects, the abundant autumn-winter rainfall has certainly been good for apple orchards, the Hungarian Interbranch Fruit and Vegetable Organization and Product Council FruitVeB told MTI on Tuesday. Although neither the mild winter nor the unpredictable spring favors apple production, the rain-saturated soil helps fruit trees to […]

ELTE: HUF 2.8 Bn EU Grant to Develop Training Schools

D&T
Jan 24, 2023

Budapest-based Eötvös Loránd University is using HUF 2.8 billion of EU funding to develop, modernize and renovate five of its training schools in Budapest and one in Szombathely, the university's rector, László Borhy announced at the opening ceremony of the project held on Tuesday in the hall of the ELTE Bólyai János Practice Primary School […]

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