Hungary’s healthcare system has been in dire need of reform for decades but an all-encompassing solution is yet to be presented. The government of Prime Minister Viktor Orbán has launched several measures over recent years to address issues in healthcare but the latest steps have provoked significant resistance from doctors. Late last year, the government […]
The Oroszlány Power Plant, northwest of Budapest, will join the national electricity supply companies as a biomass-based power plant in the first half of 2024, the Veolia Group, which is restarting the plant that closed seven years ago, told MTI on Tuesday. According to the company, the Oroszlány power plant will be their fifth modernization […]
Last year, the membership fee income of voluntary pension funds amounted to HUF 120.116 billion, a 2.66% increase compared to the previous year, while the membership fee income of health funds increased by 19.73% to HUF 60.126 billion, Csaba Nagy, president of the National Association of Voluntary Funds (ÖPOSZ), told journalists in Budapest on Thursday. […]
Last September, the ‘For The Neighbors Of Budapest Airport Foundation’, with the support of Budapest Airport, launched the largest ever noise protection program which offers the most noise abatement solutions for residents, to a value of HUF 1.2 billion over three years. The aim of the program is to reduce noise burdens for people living […]
On average, Hungarians talk on their mobile phones 247 minutes a month, a figure that is expected to rise further in the future, according to the latest research by the National Media and Infocommunications Authority (NMHH). The NMHH's communications directorate said in a statement that, according to data from the UN's telecommunications agency, the Netherlands […]
Budapest has won a grant of HUF one and half million (HUF 564 million) in the Climate Neutral and Smart Cities Mission, which will be used to establish the Budapest Climate Agency, the Mayor's Office announced on Wednesday. Budapest has been selected as one of the 53 cities from across 21 European Union and Horizon […]
In the 4th quarter of 2022 the volume of investments decreased by 6.3% compared to the same period of the previous year, and lessened by 5.5% compared to the previous quarter (seasonally adjusted), the Central Statistical Office reports. The investment volume has been shaped by a decrease in the budgetary, the households’ and also in […]
957 new infections were confirmed in the past week (867 recorded in the previous week), bringing the total number of identified infections to 2,195,926 since the start of the outbreak, the government's Coronavirus Press Center said on Wednesday. Six, mostly elderly, chronic patients died last week (down from seven in the previous week), bringing the […]
As Hungarian shoppers tighten their belts to stave off the impact of incessantly increasing prices, retailers are also feeling the pinch. Spar Hungary, one of the country’s leading supermarket chains, is taking small, adaptive steps to shield their business and help consumers. Hungary is experiencing the biggest increases in food costs in the European Union. […]
Duna House Group`s revenue grew by 89% to HUF 8.9 billion and EBITDA tripled to HUF 1.6 billion in Q4 2022 compared to the previous year. For the full year 2022, consolidated revenue doubled to HUF 30.3 billion and EBITDA jumped by 120% to HUF 4.4 billion, the company reported on the website of the […]
With an investment of HUF 20 billion, Lipóti Tóth & Társai Ltd. has built Hungary's largest bread, pastry and confectionery production plant in Hatvan, east of Budapest. The development will create 260 new jobs. The Hungarian-owned family business, which employs 70 subcontractors and has around 350 outlets, is the only bakery company to sell its […]
The Hungarian pharmaceutical company Gedeon Richter Plc. presented its results for the year 2022 this Tuesday. The report caused a price drop on the stock market, as it turned out that the always massively profitable company turned loss-making in the last quarter of the year (due to the special tax and the exchange rate change). […]
In February, both business and consumer expectations improved, but continued to reflect a poor mood. According to the empirical survey conducted by GKI Economic Research Co. with the support of the EU, consumers were still more pessimistic than they were in 2020, during the panic that started when the new coronavirus pandemic broke out. In […]
Companies in many countries around the world, including Hungary, are threatened by a significant proportion of employees quitting their jobs, according to a Deloitte survey, the findings of which were published in a statement on Monday. The consultancy firm pointed out that in Hungary, the situation is similar to international trends, with 57% of domestic […]
The earnings expectations and investment intentions of micro, small and medium-sized enterprises in Hungary improved slightly in November last year compared to the previous quarter, while their sales forecasts stagnated, according to the latest survey of the K&H SME Confidence Index. According to a K&H statement sent to MTI on Monday, the survey summarizing expectations […]
