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2023

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Share of Unpaid Invoices in Hungary Doubles

D&T
Jan 11, 2023

5% of inter-company invoices in Hungary remained unpaid last year, while 2.3% of invoices had to be written off in 2021, according to an analysis of payment habits by credit insurer Atradius. According to the survey of 200 Hungarian companies, 40% of firms found that their customers paid later than a year earlier, compared with […]

COVID-19: Number of Hospitalized Doubles in Hungary

D&T
Jan 11, 2023

There are currently 727 patients with the new coronavirus infection in hospital in Hungary (almost twice as many as in the previous week), 36 of whom are on ventilators (four times the figure in the previous week), the government's Coronavirus Press Center said on Wednesday. 1,597 new infections were confirmed in the previous week, bringing […]

Prospects for Tourism Firms Worsened in December

D&T
Jan 10, 2023

The Tourism Business Climate Index (TCI) stood at minus 22 points in December last year, indicating that the sector's operators in Hungary continue to perceive their situation as deteriorating. Compared to November, the index fell by seven points and has deteriorated by 15 points since September, the National Association of Tourism and Hospitality Employers (VIMOSZ) […]

Hungarians Most Likely to Insure Property and Cars

D&T
Jan 10, 2023

Two thirds of Hungarians have some form of insurance; the majority have property insurance, mostly for property and motor vehicles, according to a survey by UNIQA Insurance. The summary shows that half of the 18–50-year-olds surveyed online also have life insurance. The majority of graduates have at least three policies, and the proportion of people […]

National Gallery Extends Its Vaszary Exhibition

D&T
Jan 10, 2023

In view of the great success of ‘Vaszary. The exhibition’, which includes two dozen works by János Vaszary that have been latent until now, will be open until April 2 at the Hungarian National Gallery in Budapest. Of the 70 or so works on show, 24 were previously unknown to both the profession and the […]

Hungarian Athletes of the Year

D&T
Jan 9, 2023

World record holder swimmer Kristóf Milák among men and hurdler Luca Kozák among women have been elected as the 2022 Hungarian Athletes of the Year by the Hungarian Sports Journalists' Association. The men's national football team won the award in the traditional team category, while the women's fencing team came to be the individual team […]

Statistical Office Reports Huge Foreign Trade Deficit

D&T
Jan 9, 2023

The value of exports in EUR terms was 18% and that of imports 29% larger in November 2022 than in the same period of the previous year. The balance of the Hungary’s external trade in goods deteriorated by EUR 1.2 billion, according to data published by the country’s Central Statistical Office this Monday. Compared to […]

Another Hungarian Firm on the Renewable Energy Market

D&T
Jan 9, 2023

A company providing complex renewable energy services was founded by Biggeorge Holding and Energy Independence Kft. under the name 8G Energy Holding Plc., then the joint company bought Solarkraft Home Plc., owned by Energy Independence, which in the future will continue under the name 8G Energy Solutions Plc. operation. The two founders of Energy Independence, […]

Vodafone Hungary to Go into State Ownership

D&T
Jan 9, 2023

4iG and the Hungarian state concluded the final purchase agreement for the purchase of Vodafone Hungary, 4iG announced on the website of the Budapest Stock Exchange this morning. The value of the transaction is HUF 660 billion and the deal can be closed at the end of January. According to the announcement by the info-communications […]

World Cancer Walk in Budapest

D&T
Jan 8, 2023

The Hungarian League Against Cancer organized a march from Batthyány square along the River Danube to Margitsziget (Margaret Island) this Sunday as part of the international World Cancer Walk. The march was led by the president of the Hungarian League Against Cancer, Balázs Rozványi. The event is part of a 24-hour world walk involving more […]

A Center of Research Excellence and Healthcare

D&T
Jan 8, 2023

For the first time, a Hungarian university has been ranked in the top 250 of the Times Higher Education (THE) world rankings. The Budapest-based Semmelweis University has improved 41 places on last year's result and is now ranked in the top 250 in the latest world rankings. Semmelweis University announced that it had moved up […]

BUX Index Rose This Week on Increasing Turnover

D&T
Jan 8, 2023

With increasing turnover, the stock index of the Budapest Stock Exchange (BÉT) rose this week, closing at 45,419.78 points, which is 1,626.02 points or 3.71% higher than a weeks earlier, MTI reported this morning along with a brief analysis of the week. The weekly turnover of the stock market was HUF 35.223 billion after HUF […]

The Night of Ice Rinks in Hungary

D&T
Jan 7, 2023

The popular national event, the Night of Ice Rinks, was held for the seventh time this Saturday across the country. The Hungarian Ice Hockey Association has been organizing the Ice Rink Night since 2016. Everyone can put on skates at the large-scale and popular event. In 2022, the event was held on January 22, arousing […]

Recently Renovated Nádasdy Castle: 150,000 Visitors

D&T
Jan 7, 2023

Nádasdy Castle, which reopened in August 2021, has welcomed its 150,000th visitor. The Tudor-style monument and the 29-hectare park, located in Nádasdladány, 80 kilometers southwest of Budapest, have become an extremely popular new, independent tourist destination, the National Heritage Development Nonprofit Ltd. (NÖF) has announced. In the framework of the National Mandsion Program and the […]

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