Sales of the AutoWallis Group set new records in all divisions and areas in 2022, continuing down the path of dynamic growth with the aim of becoming a major vehicle trading company and mobility service provider in the Central and Eastern European region by the end of the decade, the Group said on the website […]
According to raw data, the volume of construction output in Hungary in November 2022 surpassed the previous year’s level by 7.0%, the Central Statistical Office reports. Out of the main groups of construction the output of construction of buildings increased by 18.6%, that of civil engineering decreased by 6.9%. Based on seasonally and working day […]
Three municipalities in Bács-Kiskun County have won almost HUF one billion forints for three tourism developments from the European Union's Operational Program for Regional and Local Development (TOP) Plus. HUF 659 millions will be used to renovate the section of the cycle path between Deák Ferenc Street and the local spa in Kiskunmajsa. On the […]
Hungarian citizens and companies have started to save a lot of energy. In December 2022, for example, Hungary consumed almost 24% less natural gas than a year earlier. And the weather is also helping. Around a quarter less gas was used in Hungary in December than a year earlier, according to the Ministry of Energy. […]
The Budapest Stock Exchange (BSE) stock index rose on an upward trend this week, closing at 46,097.83 points on Friday, up 1.49% or 678.05 points from a week earlier, MTI reported this Sunday along with a brief analysis. The weekly turnover on the stock market was HUF 57.595 billion, up from HUF 35.223 billion the […]
The first national park in Hungary was established in 1973 to preserve and protect the unique natural and ethnographic values of the Hortobágy area in the northeastern part of the Great Hungarian Plain. The creation of the Hortobágy National Park was helped by a Pro Natura Memorandum submitted to the government and signed by 21 […]
Hungarian construction firms may face a challenge in finding customers in the coming period, as investors have become much more cautious due to rising prices of raw materials, raw materials and energy on the one hand, and capacity constraints on the other. Market Építő Plc. [Construction Plc.] expects construction output to slow in 2023 compared […]
The most powerful supercomputer in the country has been inaugurated in Debrecen, E Hungary: the ‘Komondor’ was put into operation at the supercomputer center of the Governmental Information Technology Development Agency (KIFÜ) on the Kassai út campus of the University of Debrecen (DE). KIFÜ President Endre Spaller said at the handover ceremony that the supercomputer […]
Property purchases for investment purposes increased both in the Hungarian capital and in rural areas last December, according to Duna House's own data. In Budapest, investor motivation generated 53% of transactions in December 2022, and 33% in the countryside, an increase of 7 and 4%age points, respectively, compared to the same period in 2021. Investors […]
Following the HUF 50 billion investment announced two years ago and the HUF 35 billion investment launched last year, Nestlé Hungária is again embarking on a large-scale development of its pet food production base in Bük, NW Hungary, according to a company press release. The new investment of nearly HUF 140 billion announced this Friday […]
A statue of Hungarian physician and scientist Ignác Semmelweis has been inaugurated at the Queen Mary University of London Faculty of Medicine and Dentistry. At the ceremony, jointly organized by the university and the Hungarian Embassy in London, Márta Korbonits, Professor of Endocrinology at Queen Mary and Professor Emeritus, Professor of Medicine at Semmelweis University […]
Influenza-like illnesses have reached epidemic levels in Hungary, and an outbreak of respiratory giant cell virus (RSV) is also underway, the national public health officer has announced. Presenting the epidemiological data, Cecília Müller said that in the first week of the year (between January 2 and 8) almost 162,000 people went to the doctor with […]
Hungary's government is ready to sue the European Commission over the latter’s decision to cut off some Hungarian universities from EU funding. The move is part of a larger EU action package aimed at forcing Hungary to remedy measures related to judiciary independence, academic freedoms, LGBT rights and the asylum system. The EU announced this […]
Toyota had its best year ever in the combined passenger car and light commercial vehicle market in Hungary in 2022, with its dealerships selling 15,102 vehicles, giving the brand an 11.7% share of an otherwise shrinking market, the country director of Toyota Central Europe Ltd., Richárd László said at a press conference in Budapest. Toyota […]
By the end of last year, the recipients of Hankook's 2022 Tire Donation Program were able to collect their donated tires at the Rácalmás site of Hankook Tire Hungary Ltd., the company has announced. In addition to the small non-profit organizations, the National Ambulance Service, the Igazgyöngy [‘True Pearl’] Foundation and the National Directorate General […]
