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The BUX Rose on Falling Turnover This Week

D&T
Jun 26, 2022

The BUX, the stock index of the Budapest Stock Exchange (BSE) rose on a downward trend this week, closing at 39,412.74 points on Friday, up 112.99 points or 0.29% on the previous week, the state news agency MTI reported on Sunday morning. Turnover fell from HUF 67.1 billion the previous week to HUF 38.25 billion, […]

Game of Thrones Between East and West

D&T
Jun 25, 2022

The event is organized by the Institute of Advanced Studies Kőszeg (iASK), in cooperation with the Institute for Social and European Studies (ISES Foundation), the University of Pannonia, the UNESCO Chair in Cultural Heritage and Sustainability in Kőszeg, NW Hungary, under the patronage of the Hungarian National Commission for UNESCO. As new geopolitical realities are […]

Hungary Needs a Strong Forint

D&T
Jun 25, 2022

"It's time to say that a strong forint, not a weak one, is in the national interest", writes investment expert Viktor Zsiday in a post published this week, commenting on the weakening of the Hungarian currency HUF) in recent weeks. He is quoted by the business news site napi.hu as saying that it should be […]

Judit Polgár's Method is Taught in Nagykanizsa

D&T
Jun 25, 2022

The method of skill development worked out by the best female player in chess history, Judit Polgár, will be taught and used by teachers in Nagykanizsa, SW Hungary, and its region from September, who will be trained next week, courtesy of the multiple champion chess team of Nagykanizsa. Tamás Nádasi, president of the Tuxera Aquaprofit […]

Third-Degree Heat Warning Declared from Monday

D&T
Jun 24, 2022

The National Center for Public Health and the National Directorate General for Disaster Management of the Ministry of the Interior have issued a third-degree heat warning for Hungary between midnight on Monday, 27 June and midnight on Thursday, 30 June. National Medical Officer Cecília Müller made the decision based on the recommendation of the National […]

Unilever Closes Down Plant in Röszke

D&T
Jun 24, 2022

Unilever is to cease production at its plant in Röszke, SE Hungary, with 80% of the 190 workers affected by the planned group redundancies and 20% of them to be taken over by the new owner of the plant, Mezőker Ltd., Unilever said on Friday. All workers will be guaranteed a job until the beginning […]

Hungarian Gas Stations Introduce 50-Liter Limit

D&T
Jun 24, 2022

In order to ensure customer service and the smooth operation of service stations, Mol, the operator of the largest gas station network in Hungary, has announced that from Friday, a maximum of 50 liters of fuel can be purchased at a normal pump at its filling stations instead of the previous 100 liters. The company […]

Hungary Opens New Front in Battle with EU over Minimum Tax Rate

D&T
Jun 24, 2022

Hungary’s finance minister vetoed an EU directive on a global minimum corporate tax, leaving the outgoing French EU Presidency without its crown achievement. The move is seen as yet another front in Hungary’s standoff with the bloc. Hungarian Finance Minister Mihály Varga blocked a European Union initiative to implement a global minimum corporate tax rate […]

New License Plates in Hungary from July

D&T
Jun 23, 2022

New format license plates will be introduced in Hungary from July 1, with the reason for the change being that the current character set would have run out in a few years at most, the Ministry of Technology and Industry (TIM) said. Its announcement explained that the new type of license plates will consist of […]

eMAG Builds Gigantic Logistics Center

D&T
Jun 23, 2022

Not only Hungary but six additional regional markets will also be served by eMAG Logistic Ltd.’s brand-new logistics center to be erected in Dunaharaszti, south of Budapest, that is going to be the largest of its kind in the CEE. As a result of the HUF 35 billion investment that will create 213 jobs a […]

New Assembly Plant by Neutrik Group in Ózd

D&T
Jun 23, 2022

Neutrik Group, a world leader in the development, manufacturing, and distribution of electric, fiber optic and electronic connectivity solutions for the entertainment and live events industries, invests nearly EUR 10 million to set up a new assembly plant in Ózd, NE Hungary. Close to 40% of the investment costs are borne by Hungarian taxpayers as […]

What is ESG About? A UniCredit Bank Survey

D&T
Jun 23, 2022

Sustainability is becoming an increasingly important part of our lives, but few people are familiar with the concept of ESG, which measures corporate efforts to achieve this, according to research conducted jointly by UniCredit Bank and SteiGen. The survey showed that Hungarians still associate sustainability mostly with environmental protection and are less familiar with its […]

Lidl Signs Cooperation Agreement with HEPA

D&T
Jun 22, 2022

Lidl Hungary and the Hungarian Export Promotion Agency (HEPA) have signed a cooperation agreement to boost the export of domestic agricultural and food products on the EU single market and in foreign trade with third countries, the parties told the state news agency MTI on Wednesday. According to the statement, Lidl's aim is to ensure […]

Most Hungarians Spend Less in Inflationary Environment

D&T
Jun 22, 2022

In the current inflationary environment, 80% of Hungarians indicated that they are spending less to protect their current financial situation, with consumers cutting back on purchases of food and hygiene products in particular, the CEO of Magyar Cetelem Bank said at a press conference in Budapest on Wednesday, presenting the results of a survey conducted […]

Weekly COVID-19 Data: 1,961 New Infections, 32 Deaths

D&T
Jun 22, 2022

The National Center for Public Health has released aggregated data for the past week. They show that 1,636 new infections were confirmed last week, about 20% more than in the previous week, bringing the total number of identified infections since the start of the outbreak in Hungary to 1,923,122. 32 deaths, nine more than in […]

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