The Hungarian Minister for the Living Environment, László Gajdos, announced the launch of a probe of Hungary's battery industry in a social media post on Tuesday. The probe, extending to the battery industry's entire supply chain, will scrutinize capacities, use of materials, emissions, water use and waste management, he said. According to the minister, the […]
Home sales in Hungary fell 2.1% year-on-year to 9,292 in July, a monthly estimate by listed real estate broker Duna House shows. For the period January-July, home sales fell 9.7% year-on-year to 65,846. July saw the more subdued activity typical of the summer months in the Hungarian real estate market: 9,292 sales took place, which […]
4MW/8MWh energy storage systems operated by FEH Solar One Ltd. (a subsidiary of Futureal Energy Partners) have begun operating at five locations within HelloParks’ logistics parks in Maglód, Fót and Páty, all in the outskirts of the capital. According to a Monday announcement by Futureal Energy Partners, the green investment — with a combined capacity […]
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) stood at 51.4 points in July, slipping from 51.6 in the previous month, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday. The PMI was over the 50-point threshold, signaling expansion in the manufacturing sector. Among the PMI sub-indices, the new orders index fell 1.7 […]
The Budapest Stock Exchange’s stock index rose to a new all-time high by the end of the week. The BUX closed at 146,688 points, up 2.24% for the week, while trading volume also exceeded the previous week’s level. Leading stocks all ended the week in positive territory. Weekly trading volume totaled HUF 120.5 billion, up […]
There is enough motor fuel in Hungary; supply is secure and the goal is to ensure that it remains secure tomorrow and the day after tomorrow, the chairman-CEO of Hungarian oil and gas company MOL, Zsolt Hernádi has announced. He said water levels in the Danube, which provides both cooling and industrial water for the […]
The forint was introduced in Hungary on August 1, 1946. The issuance of the new currency was necessitated by the pengő’s incredible rate of inflation following World War II — a level of inflation unprecedented in world history. The forint entered circulation in Hungary on August 1, 1946. By that year, the pengő due to […]
Factory gate prices in Hungary edged down 0.4% year-on-year in June, data released by the Central Statistical Office (KSH) show. Prices for domestic sale were up 1.8% while export prices decreased 1.4%. Domestic prices of the manufacturing sector, which have a 67.6% weight in the PPI, rose 1.1%. Domestic energy prices, which account for 30.0% […]
