The United States tightened visa-free access for Hungarians to its territory amid security concerns stemming from the policies of the Hungarian government. Washington’s move comes after several previous threats that it will limit travel opportunities for Hungarian citizens. Bilateral relations between the United States and Hungary took a turn for the worse after Washington announced […]
From August 1, 2023, Aegon Hungary General Insurance Plc. will continue its activities under the name Alfa Vienna Insurance Group Plc. According to the information published on the company's website, the name change does not imply any change in the company's operations, products and obligations. Customers are not affected by the name change and have […]
The AutoWallis Group is expanding its services portfolio in one of the mobility market’s most dynamically growing areas, after acquiring ownership of the company (Wallis Autómegosztó Plc.) that operates Share Now in Hungary. As one of the most significant vehicle share service providers on the market, Share Now plans to continue dynamic growth with the […]
The Continental Tobacco Group is starting this year's tobacco harvest season with a positive outlook and expects an above-average harvest, the group told MTI on Thursday. According to the information, the group's tobacco cultivation member Dofer Tobacco Fermenting Ltd. has contracted for 1,005 hectares of tobacco cultivation, 8% more than last year. The planting of […]
Inflation has led to a drop in demand for spirits both at home and in Zwack Unicum's largest export markets, while raw material prices and personnel costs have skyrocketed, the company said in its quarterly report on the website of the Budapest Stock Exchange. The company's gross sales fell by 10.9% to HUF 8.9 billion […]
The number of tourist arrivals increased by 3.8%, while that of tourism nights diminished by 0.8% compared to June 2022, the Central Statistical Office reports. In June 2023, 1.6 million guests spent 4.0 million tourism nights at tourist accommodation establishments (commercial, private and other accommodation establishments) in Hungary. The number of guests was 3.8% higher […]
After a slowdown last year, the growth of assets under management at domestic private banking service providers has picked up again this year, exceeding HUF 8,600 billion by the end of June. However, the growth of customer accounts does not show such a positive picture. Domestic providers remain pessimistic about the risks to private banking […]
Cirque du Sziget, one of the most popular venues of the Szitizens, will be back in its usual place, but with more and more colourful offerings if possible. From early afternoon until late at night, the 1,000-seat large circus tent and the outdoor venues will be filled with a constant succession of exciting performances. The […]
In a further step towards greener industry and a greener economy, the Hungarian government would rationalize the installation of solar panels in parking lots, the Ministry of Economic Development (GFM) told MTI on Tuesday. According to the statement, the Ministry will launch a public consultation on the installation of solar panels in parking lots, which […]
The volume of Hungarian exports increased by 3.9% in May 2023, while that of the country's imports decreased by 1.3% compared to the same period of the previous year. The surplus was EUR 1.1 billion, the balance improved by EUR 1.4 billion year-on-year, the Central Statistical Office reported on Monday. Compared to April, the seasonally […]
The sizes of the largest music venues at this year's Sziget are remarkable: the Main Stage of Sziget has an area of over 1,000 m², the Samsung Party Arena's seating area is 4,000 m², the FreeDome presented by Mastercard tent has a capacity of over 10,000 people, while the TicketSwap Colosseum is built from 3,000 […]
The first half of 2023 has been a strong period for Budapest Airport in all respects: the series of developments worth more than 100 billion HUF over the past 4.5 years and the outstanding quality of the airport ecosystem have been confirmed by numerous awards based on passenger feedback and the assessment of the airport […]
Among other things, the international performers of the Love Revolution Special program will reflect on the environment, human rights, equality and the importance of peace on the Sziget Main Stage this year. Every day, ten minutes of presentations and short speeches will raise awareness of the social changes taking place around us and the collective […]
Hungarians' travel mood is unbroken, the favorable weather of the past few weeks has stimulated the booking mood, which was also reflected in the July saturation and had an impact on August bookings. Based on the latest data by the online accommodation intermediary Szallas.hu, the summer booking volume received so far is 19% below last […]
Aldi made a big step in the ranking of Hungarian retail chains last year and managed to lure many customers away from other discounters besides hypermarkets and supermarkets, portfolio.hu financial portal reports. The price freeze was a big loss for them as well, but they are continuing to develop their domestic operations and are also […]
