If you have at least a week to spend on holiday, you can choose between Lake Balaton and the Croatian Adriatic coast, with many arguments for and against. But summer lasts beyond the holidays, and it's also the time for a cool dip or a sunbath at the weekend or even after work. That's where […]
In the 2nd quarter of 2023, service exports calculated in EUR increased by 6.7%, their imports grew by 0.8% compared to the same period of the previous year. The surplus was EUR 2.7 billion, EUR 451 million more than in the 2nd quarter of 2022, slightly surpassing the previous record. Exports rised by 8.4%, imports […]
At its meeting this Tuesday, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided not to change of central bank base rates with effect from August 30, but leave it at 13.00%. At the same time, the interest rate corridor was narrowed. In the Monetary […]
This Tuesday sees the start of the International Olympiad in Informatics (IOI) in the southeastern Hungarian city of Szeged, with around a thousand participants from ninety countries around the world, the organizers told MTI. The International Olympiad in Informatics has been held annually since 1989 for secondary school students from the participating countries. The IOI […]
Over the past year (August 2022 to July 2023), an average of 30,000 users per month have used the MOL Bubi bicycle rental service in the Hungarian capital. Bubi 1.0 (the system operated between 2014 and 2020) had an average of 3,500 users per month, an increase of eight and a half times. "Wherever you […]
Alteo Group achieved consolidated revenues of HUF 58.8 billion in the first half of this year, up 55% compared to the same period last year, while its profit after tax increased by 10% to HUF 8.8 billion in the same period, the energy services and trading company announced on the website of the Budapest Stock […]
The Korean Cultural Festival in Budapest, starting on September 8, will showcase the diversity of Korean cultural heritage. The event will last for almost a month and will feature 12 programs and live broadcasts at four venues. The festival's series of concerts will showcase the many different facets of traditional Korean music, kugak, from the […]
The stock index of the Budapest Stock Exchange (BSE) rose this week, closing at 56,912.43 points on Friday, 1.21% higher than a week earlier, MTI reported Sunday morning, along with a brief analysis of the week’s trading. The weekly turnover of the stock market was HUF 64.75 billion, up from HUF 53.54 billion the previous […]
Hungary is the 16th largest wine producer in the world, with 2.900 hectoliters produced in 2022. The Hungarian business news site Pénzcentrum investigated which countries are the biggest importers of Hungarian wine. According to the Hungarian Central Statistical Office (KSH), Hungary exported 136,492 tons of wine to other countries in 2022, a 25% increase compared […]
Even in the best case, only the figures of previous years can be produced, there is no substantial growth in the domestic craft beer market, the Association of Small Breweries said. In a year, the average price of spirits has risen by 19.6% nationwide. And this has obviously affected the turnover of domestic breweries, the […]
IKEA launched the ‘Shop & Go’ service in all three of its Budapest stores in August, allowing shoppers to scan the items in their shopping cart on their mobile phones using the IKEA app, and then scan the QR code to pay at the express checkout, according to a company statement published by the financial […]
As Hungary's economy faces headwinds, the government is preparing for a potential revision of its 2023 budget. The decision, which could have significant implications for the nation's fiscal strategy, will be made following the release of third-quarter economic data. The reassessment comes as the government acknowledges that its initial full-year growth projection has become increasingly […]
The E.ON Hungária Group handed over a renovated transformer station in Budapest's 11th district on Thursday, the HUF 3.4 billion investment will ensure the electricity supply of almost 29,000 residential customers. In its statement, E.ON Hungária recalled that the group announced in January this year that it would launch a multi-year network development program worth […]
The European Commission (EC) has approved ‘Borzag pálinka’ from Hungary as a new protected geographical indication (PGI). According to and EC statement, ‘Borzag pálinka’ is a brandy made from elderberries in the Nógrád region in N Hungary. It is characterized by sweet aromas (chocolate, fruit and honey), spicy notes and possibly herbaceous notes (mint, green […]
The load on the Hungarian electricity system rose to its highest level so far this summer on Monday as cooling demand surged due to the heatwave, the financial portal portfolio.hu reported. The system load, which indicates the instantaneous national electricity consumption, peaked at 6,264 MW around 20:30 on Monday the 21st, according to verified gross […]
