The real estate Duna House Group achieved record volumes in 2022 by the Italian expansion. The dramatic decline in volumes in Poland and Hungary in 2022 was halted by the end of the first quarter of 2023, with already a quarterly increase in Poland and a turnaround in Hungary in March 2023. The Group says […]
The Hungarian startup ecosystem has had its strongest year yet, with record fundraising and unprecedented optimism but the next one is sure to be tougher, the financial news site PIAC&PROFIT reports. One of the key lessons from the Hungarian Startup Reports of recent years is that the inadequate regulatory environment is a major pain point […]
The value of exports in EUR terms was 10% and that of imports 3.8% higher in February 2023 than in the same period of the previous year, the Central Statistical Office (KSH) reports. The balance of the external trade in goods improved by EUR 749 million. Compared to the previous month, the level of export […]
The Széchenyi Hill Children's Railway, celebrating its 75th anniversary, is expecting its passengers – families and former pioneer and children's railway passengers – with exciting program in the Buda Hills this Tuesday. According to a statement by MÁV Hungarian State Railways, they are preparing with vehicle demonstrations, craft activities, commemorations. A brass band consisting of […]
Novel writing competition, video interview, exhibition: the pharmaceutical company Egis and the Örkény Theater in Budapest are launching several joint initiatives to mark the 110th anniversary of the founding of the company and the 111th anniversary of the birth of Hungarian writer István Örkény. The cooperation is based on the fact that István Örkény, whose […]
This year, it is for the second time that the ‘Fine Art Hungary – The Artwork of the Year’ is to start: in 2023, even more works of art will be available on Artotek.hu, with the artifact of the year selected from among over 200 items. An important element of the initiative is that you […]
The stock index of the Budapest Stock Exchange (BSE) rose this week amid falling turnover, closing at 44,217.85 points on Thursday, the last trading day of the week, 4.49% higher than the previous week's closing price, MTI reported Sunday morning along with a brief analysis of the week’s trading. The weekly turnover of the stock […]
The 177th Balaton cruise season started this Saturday, with the Balaton Shipping Company (Bahart) offering more program boats and high season services than before, the company said at its season opening press conference. Bahart CEO Gábor Veigl highlighted that last season was a very successful one and that they would like to close at least […]
The packaging technology machinery firm Somapak Csomagolástechnikai Gépgyártó Kft., based in Pécs, S Hungary, has built a production hall, acquired equipment and implemented IT developments with an investment of nearly HUF quarter of a billion. The Hungarian-owned company, which has been operating for more than 30 years and currently employs 54 people, manufactures and exports […]
Hungarian wines are extremely popular in Europe, with a significant proportion of them being sold in Slovakia, Germany and the Czech Republic. Hungarian bottled wines are also very popular in Belgium and Spain, but even China and the United States get plenty of Hungarian wines, the financial website penzcentrum.hu writes. In cask form, the Slovak, […]
The 20-year record for the lowest maximum temperature in Kékestető, the country’s highest point, was broken on Thursday, the National Meteorological Service said on its website this Friday. April's winter weather set a new record, with temperatures in Kékestető (in the Mátra mountains, NE Hungary) on April 6 not rising above minus two degrees Celsius, […]
The minister in charge of the Prime Minister's Office announced this week that the government will maintain its policy of keeping utility prices subsidized at least until the end of December. At the same time, analyst warn that the subsidy system is putting a heavy strain on public finances. Gergely Gulyás, the minister in charge […]
UBM Group, Hungary’s leading feed producer, has announced the acquisition of 50% of the pig farming firm ‘Mangal Ilona Sertéshizlalda’ Ltd. The transaction is expected to close in July 2023, the purchase price will be paid by UBM from its own resources, without any loans, the amount was not disclosed. The founder, András Moldovan, will […]
Ferenc Liszt International Airport has been awarded the international WELL Health-Safety Rating. The rating confirms that its operator, Budapest Airport, is taking all necessary steps to ensure the health and safety of passengers and staff. During the rating process, independent experts examined five focus areas at the passenger terminals (cleanliness, emergency preparedness, health, air and […]
According to a survey conducted by K&H Group in the first quarter of this year, 49% of young people aged 19-29 in Hungary had financial reserves, compared to 56-60% in previous quarters. Results of the K&H Youth Index, which examines the financial situation of young people, suggests that nearly 38% of young people with savings […]
