As of this Monday afternoon, underground trains again run between the two terminals on the Hungarian capital’s M3 metro line as the renovation of all but two stations have been completed. Over three quarters of the renovation costs have been covered by EU funding. Some 3,500 people have worked for the past five and half […]
Mensa HungarIQa Association, the group of the most intelligent 2% of Hungarians, celebrates its 30th birthday this Monday. To mark the anniversary, the organization will promote intelligence and the importance of problem-solving thinking with a series of national events, IQ days and a range of test-taking opportunities. Over the past 30 years, Mensa HungarIQa has […]
Hungarian business leaders say they do not want a strong or weak exchange rate, but stability, according to an analysis by the financial news site portfolio.hu. The exchange rate of the Hungarian currency, the forint (HUF) against major currencies like the euro or the US dollar has been helped by high interest rates, but business […]
Gábor Rakonczay and Viktoria Brown won the six-day world ultramarathon running championships organized by the Global Organization of Multi-Day Ultramarathoners (GOMU) in Policoro, Italy. Rakonczay, a Guinness World Record holder in cross-Atlantic canoeing, took the lead at the 123rd hour of the race and crossed the 800-kilometer mark on Saturday morning, giving him almost eight […]
The stock index of the Budapest Stock Exchange (BSE), the BUX, closed the week 5.35% lower at 40,771.24 points, down by 2,306.45 points compared to the previous Friday, MTI reported this Sunday morning along with a brief analysis. Total turnover on the stock market rose from HUF 47.274 billion to HUF 61.245, even though the […]
The flow of refugees from war-torn Ukraine continues. On Saturday, 5,672 people entered Hungary at the Ukrainian-Hungarian border, while 4,998 of those entering at the Romanian-Hungarian border said they had come from Ukraine, the National Police Headquarters (ORFK) said. As MTI reported Sunday morning, of those who entered, police issued 82 people with temporary residence […]
The impact of the new coronavirus epidemic is also reflected in life expectancy at birth: while in 2020, it was 75.7 years in Hungary, according to Eurostat data, it fell to 74.3 years in 2021. Such a decline is unprecedented in Hungary since 1960. According to pension expert András Farkas, the pandemic has hit life […]
Óbuda University in Budapest has signed a partnership agreement with mobile operator Yettel Hungary to build a mobile communications network at the university using 5G technology. In the framework of the strategic cooperation, the mobile company will cooperate with the higher education institution in the field of recruitment, in addition to supporting education, the university. […]
Family-owned Civita Group Plc. has inaugurated a plant for the production of gluten-free pasta, edible plates and cups, owned by its subsidiary, Agri-Corn Ltd., in Monostorpályi, NE Hungary. The company is one of Europe's largest manufacturers of maize products, processing 40,000 tons of GMO-free maize per year and providing 200 families with stable employment for […]
The Hungarian energy company ALTEO has acquired shares embodying 100% of the share capital of the energetics company Energikum. Energikum holds the stake embodying 99% of the issued capital of Energigas Ltd., which owns a biogas plant in Nagykőrös, SE of Budapest. ALTEO is currently the 1% minority shareholder of Energigas. ALTEO also operates the […]
The groundbreaking ceremony this Friday marked the latest phase of Schneider Electric’s EUR 40 million investment in Dunavecse, central Hungary, as a result of which a smart factory will be set up to manufacture medium voltage electrical switchgears. The project will boost supply to state-of-the-art energy management and industry automation solutions, thus can contribute to […]
Ferenc Liszt International Airport has been named ‘Best Airport in Eastern Europe’ by Skytrax at the World Airport Awards in March for the tenth time in a row. This is its second major accolade in a month. At the beginning of March, ACI chose Ferenc Liszt International Airport as the best airport in Europe among […]
Hungarian lawmakers are delaying a crucial vote on the NATO accession bid of Finland and Sweden in a move that analysts believe is designed to exert pressure on the EU. The Union has frozen billions of euros in funding destined to Hungary over rule of law concerns and Budapest may be playing quid for pro […]
77% of Hungarians are open to buying second-hand products online, 64% have already bought such products online and 8% are confident that they will do so in the future, according to a recent representative survey by Opinio Institue Ltd., conducted on the occasion of the March 18 World Recycling Day. In the survey, commissioned by […]
Sales revenue by Audi Hungaria Plc., a member of the Audi group and the central engine supplier to the Audi and Volkswagen groups, increased by EUR 719 million (HUF 284.4 billion) last year, and its profit after tax by EUR 11 million (HUF 4.352 billion), the company said at its annual press conference at its […]
