Consumer prices were 25.4% higher on average in Hungary in February 2023 than a year earlier, the Central Statistical Office reports. Food inflation is over 43%. The highest price rises were measured for electricity, gas and other fuels as well as food over the last twelve months. In one month, consumer prices increased by 0.8% […]
11, mostly elderly, chronic patients died last week (up from six in the previous week), bringing the official total number of deaths in this country to 48,762, the government's Coronavirus Press Center said on Wednesday. 878 new infections were confirmed in the past week (slightly down from the previous week), bringing the total number of […]
On the occasion of the 200th anniversary of the birth of Count Gyula Andrássy, an open-air photo exhibition on the history of Andrássy Avenue is on display on one of the best-known roads in the Hungarian capital. Count Gyula Andrássy was born two hundred years ago, on March 8, 1823. The open-air exhibition commemorates the […]
Dutch-based Trive Financial Holding has acquired the Hungarian financial institution Sopron Bank, which will henceforth serve its customers under the name Trive Bank Hungary Plc., the financial group said in a statement sent to MTI on Tuesday. The document says that the bank will operate fully digitally, offering consumer loans and later also fixed deposits […]
The volume of industrial production declined in Hungary in January 2023 by 0.2% year-on-year. Based on working-day adjusted data, production dropped by 3.2%, according to a report published this Tuesday by the Central Statistical Office (KSH). According to seasonally and working-day adjusted data industrial output was 5.1% lower than in December 2022. Out of the […]
Hungary’s largest motor vehicles importer, Porsche Hungaria opened an Innovation and Training Center (ITC), located just outside Budapest, last October. With a huge automotive training and transfer capacity, the center – considered by experts to be an outstanding educational facility on an international level – welcomes technical and sales professionals from all over the country […]
The Hungarian capital’s Ferenc Liszt National Airport has been voted the best European airport among airports with 15-25 million passengers, based on passenger feedback – as published by Airports Council International (ACI). The accolade is based on an international and independent survey, relying solely on passenger feedback. According a statement by the airport’s managing company, […]
Hydrocarbon exploration in the Üllő area of the Dány concession area looks promising, Director of Exploration and Production at Mol Hungary, Ádám Homonnay said this Monday at the presentation of a 3D seismic survey in Üllő, just southeast of Budapest. The oil company is exploring for hydrocarbons in an area of about 30 square kilometers […]
All three major groups of shops – grocery, non-food and petrol – and even online sales fell in January this year in Hungary. The volume of sales in retail trade decreased by 3.9% according to raw data and by 4.5% when adjusted for calendar effects compared to the same period of the previous year, the […]
Hays Hungary Ltd., part of the Hays Plc. group, the world’s leading recruitment company will move to ACADEMIA, and continue to support thousands of employers and jobseekers from one of the most prestigious office buildings with ESG focus in the city center of Budapest from the fall of 2023. A statement by the property agency […]
Agricultural machinery manufacturer Optigép Ltd., based in Békés, SE Hungary, has implemented a capacity expansion project worth more than HUF half a billion, the company's managing director János Patkós told MTI. According to the managing director, the total cost of the investment was HUF 634.25 million, for which HUF 261.15 million in European Union support […]
ÖBB Rail Cargo Group and its Hungarian subsidiary, Rail Cargo Hungaria transported more than one million metric tons of grain from Ukraine last year, the multiple of the amount of the previous year. The company stands ready to continue helping Ukrainian people and expects the freight volume between the two countries to continue increasing this […]
MSD Pharma Hungary Ltd. is expanding its clinical research program, primarily for the treatment of cancer, in cooperation with the University of Szeged (SZTE), the public relations department of the higher education institution has informed MTI. According to the statement, the joint research and development activities of the Hungarian subsidiary of the pharmaceutical company and […]
The Budapest Stock Exchange (BSE) closed the week at 44,440.48 points, down 827.63 points or 1.83% from last week, MTI reported this Sunday morning along with a brief analysis of the week’s trading. Turnover on the Hungarian capital’s stock market rose from HUF 23.259 billion last week to HUF 36.495 billion this week, with most […]
The Business Council for Sustainable Development in Hungary (BCSDH) has developed into a leading organization for corporate sustainability, now representing the top executives of 133 responsible companies in Hungary. At its general assembly this week, member companies accepted the ‘Sustainable Business Management Guidelines’, thereby expressing their desire to lead by example as well as manage […]
