The seasonally adjusted Purchasing Managers' Index (PMI) for March fell to 55.3 points from 56.3 points in February, with respondents reporting slower growth than in the previous month, the Hungarian Logistics, Purchasing and Inventory Management Association (MLBKT) said on Monday. Compared with the previous March figures, this year's figure is higher than the long-term average […]
Hungary's leading manufacturer of hygiene paper products, Vajda-Papír, has pledged to reduce its water consumption by 20% by 2030, increase the use of renewable energy by 50% and become carbon neutral by 2050. In a statement sent to MTI, the company said that over the past ten years, it has invested around HUF 40 billion […]
The European Investment Bank (EIB) provided climate finance totalling more than EUR 600 million in 2022 to accelerate the green transition in Hungary, the EIB reports. In 2022, the EIB’s operations in the country included financing for energy, transport and innovation, and small and medium-sized enterprises (SMEs) and mid-caps. Three-quarters of total financing signed across […]
The Road to Smiles Foundation "painted the country blue" on the occasion of World Autism Day this Sunday. Several buildings in Budapest and in the countryside, as well as online spaces, were also turned blue as part of the Foundation's #éniskékvagyok [I’m also blue] campaign. Every year, more and more people join the awareness-raising initiative […]
According to data from the Hungarian Energy and Public Utility Regulatory Authority (MEKH), the filling level of domestic natural gas storage facilities in Hungary was 2.86 billion cubic meters on March 15, which is 45.23% of total capacity. Compared to a year ago, there was 1.6 billion cubic meters more gas in storage in mid-March […]
The Budapest Stock Exchange (BSE) stock index rose this week amid falling turnover, closing at 42,318.34 points on Friday, 1.19% higher than a week earlier, MTI reported this Sunday morning along with a brief analysis. The weekly turnover of the stock market was HUF 34.13 billion, up from HUF 46.88 billion the previous week, with […]
From Saturday, April 1, the trains of the cogwheel railway (bearing the number 60) are running again between the terminals of Városmajor and the Children’s Railway station in Széchenyi Hill in the Buda Hills. The railway line was closed for the winter in recent months. During this period, several hundred meters of track were replaced […]
The deficit of the external trade in goods in Hungary was EUR 413 million in January, the adjusted volume of export decreased by 0.5%, while that of import increased by 5.0%, compared to December, as shown by a new report by the country's Central Statistical Office (KSH). In January 2023, the volume of export was […]
On Friday, 5,709 people entered Hungary at the Ukrainian-Hungarian border, while 4,186 of those entering at the Romanian-Hungarian border said they had come from Ukraine, the National Police Headquarters (ORFK) said. As reported by MTI on Saturday morning, of those who entered, police issued 52 people with temporary residence permits valid for 30 days. They […]
Industrial producer prices rose by 29.0% on average in February 2023 compared to one year earlier. Domestic output prices were up by 56.4% and non-domestic output prices by 15.8%. The faster growth in domestic output prices was due to the proportion of the energy industry, where a significant price increase occurred, being much larger in […]
Bosch and the Budapest University of Technology and Economics (BME) Competence Center for Innovative Automotive Technologies was inaugurated this Wednesday in Budapest. The competence center will focus on the development of electric vehicle powertrains, with BME and Bosch experts working on the optimization of electric vehicles. In his speech, Deputy State Secretary for Innovation of […]
According to preliminary data, 6,526 children were born and 10,760 people died in February 2023. The number of births rose by 7.2%, while the number of deaths lessened by 14% and that of marriages by 45% compared to February 2022, the Central Statistical Office (KSH) reports. In February 2023, a total of 6,526 children were […]
The Hungarian government initially pledged to complete the most important tasks needed to release the funds withheld by the European Union by March 31, this ultimately failed. Brussels is seeking clarification on several issues related to the judicial reform and Hungary has yet to tackle the conflict of interest rules in the Erasmus case. If […]
The Museum of Applied Arts (IMM) is reopening its exhibition space on the City Park Alley, the György Ráth Villa, with exhibitions and family programs on Saturday. It is a symbolic event that after the winter break, the György Ráth Villa, the former home of the first director general of the IMM, considered one of […]
ESSCA, regarded as one of the best business schools in the world, has launched a series of celebrations to commemorate its 30th anniversary with an exclusive two-day event at the Kraft Gallery on Andrássy avenue in Budapest. The higher education institution, which has been ranked in the Financial Times' list among the best management courses […]
