The stock index of the Budapest Stock Exchange (BSE) rose this week amid falling turnover, closing at 44,217.85 points on Thursday, the last trading day of the week, 4.49% higher than the previous week's closing price, MTI reported Sunday morning along with a brief analysis of the week’s trading. The weekly turnover of the stock […]
The 177th Balaton cruise season started this Saturday, with the Balaton Shipping Company (Bahart) offering more program boats and high season services than before, the company said at its season opening press conference. Bahart CEO Gábor Veigl highlighted that last season was a very successful one and that they would like to close at least […]
The packaging technology machinery firm Somapak Csomagolástechnikai Gépgyártó Kft., based in Pécs, S Hungary, has built a production hall, acquired equipment and implemented IT developments with an investment of nearly HUF quarter of a billion. The Hungarian-owned company, which has been operating for more than 30 years and currently employs 54 people, manufactures and exports […]
Hungarian wines are extremely popular in Europe, with a significant proportion of them being sold in Slovakia, Germany and the Czech Republic. Hungarian bottled wines are also very popular in Belgium and Spain, but even China and the United States get plenty of Hungarian wines, the financial website penzcentrum.hu writes. In cask form, the Slovak, […]
The 20-year record for the lowest maximum temperature in Kékestető, the country’s highest point, was broken on Thursday, the National Meteorological Service said on its website this Friday. April's winter weather set a new record, with temperatures in Kékestető (in the Mátra mountains, NE Hungary) on April 6 not rising above minus two degrees Celsius, […]
The minister in charge of the Prime Minister's Office announced this week that the government will maintain its policy of keeping utility prices subsidized at least until the end of December. At the same time, analyst warn that the subsidy system is putting a heavy strain on public finances. Gergely Gulyás, the minister in charge […]
UBM Group, Hungary’s leading feed producer, has announced the acquisition of 50% of the pig farming firm ‘Mangal Ilona Sertéshizlalda’ Ltd. The transaction is expected to close in July 2023, the purchase price will be paid by UBM from its own resources, without any loans, the amount was not disclosed. The founder, András Moldovan, will […]
Ferenc Liszt International Airport has been awarded the international WELL Health-Safety Rating. The rating confirms that its operator, Budapest Airport, is taking all necessary steps to ensure the health and safety of passengers and staff. During the rating process, independent experts examined five focus areas at the passenger terminals (cleanliness, emergency preparedness, health, air and […]
According to a survey conducted by K&H Group in the first quarter of this year, 49% of young people aged 19-29 in Hungary had financial reserves, compared to 56-60% in previous quarters. Results of the K&H Youth Index, which examines the financial situation of young people, suggests that nearly 38% of young people with savings […]
The retrospective exhibition of Lajos Gulácsy, one of the most unique figures of twentieth-century Hungarian art, opened in the National Gallery this Thursday, April 6. Entitled 'The Prince of Na’Conxypan. The Art of Lajos Gulácsy (1882–1932)', the large-scale show of some two hundred works, including eighty-four paintings, reveals the diversity of Gulácsy’s profound art by […]
The AutoWallis Group closed another record year in 2022 despite another external environment full of challenges last year. The automotive company registered on the Hungarian stock exchange achieved revenue of HUF 270 billion with an EBITDA of HUF 14.5 billion and earnings per share surpassing HUF 19. The growth was primarily organic and exceeded even […]
The average concentration of the SARS-CoV-2 hereditary material in wastewater is rising, the National Center for Public Health (NNK) said on its website. As they wrote, the trend is rising in the supply area of the Budapest Central Wastewater Treatment Plant, in the agglomeration settlements around Budapest, as well as in Győr, Kaposvár, Pécs, Salgótarján, […]
In February 2023, the volume of retail trade in both raw and calendar-adjusted data was 10.1% lower than in the same month of the previous year, the Central Statistical Office reports. In February, calendar-adjusted sales volumes decreased by 8.6% in specialised and non-specialised food shops, by 9.8% in non-food retailing and by 14.5% in automotive […]
An exhibition on the wine regions and wine-making traditions of the Carpathian Basin has opened this Wednesday at the Ópusztaszer National Historical Memorial Park in SE Hungary. As the marketing manager of the institution, Csengele Kodácz, told MTI, the exhibition, the title of which is inspired by a motto – "In the end there are […]
95% of small and medium-sized enterprises have external sources of finance, 67% of which are bank loans, the Macronóm Institute said, according to its latest corporate research. It was highlighted that 52% of companies received an advance from the Hungarian Development Bank or the EU, 37% received funds from the Growth Loan Program and 35% […]
