The first well at the hydrocarbon deposit discovered in the Sarkad region is put into operation this Monday, while drilling of the second well at the Nyékpuszta field will start in the coming days, the Ministry of Energy (EM) has informed MTI. The government is strengthening Hungary's energy sovereignty and security of supply by meeting […]
The sale of tickets in Hungary's oldest existing lottery game, ‘Ötöslottó’ – in which players should guess the five winning numbers out of 90 – began on February 13, 1957, state-owned gambling company Szerencsejáték Zrt. [literally: ‘Game of Chance Plc.’] said in a statement on Monday. According to research by the company, the awareness of […]
In December 2022, the volume of industrial production grew by 2.0% while construction output volume decreased by 3.9% – both year-on-year – in Hungary, the country Central Statistical Office (KSH) reports. While the annual growth figure of industrial production was 2.0%, based on working-day adjusted data, production rose by 5.7%. As KSH explains, compared to […]
On Sunday morning, the rescue team of the Hungarian Baptist Aid – the HUBA Rescue24 Firefighting and Search and Rescue International Group together with medical experts, 18 in total, and eight search dogs – arrived at Budapest's Liszt Ferenc Airport from Turkey where they had rescued seven people from the rubble. The team, which worked […]
The turnover of Starschema Ltd. reached HUF 7.7 billion last year, an increase of 55% compared to 2021, the IT company has told MTI. The domestic market leader in data analytics and data visualization has boosted its growth rate despite the unfavorable economic environment, closing with a 20-25% increase in previous years, it said. This […]
The Budapest Stock Exchange (BSE) share index rose this week on a declining trading volume, closing at 46,007.11 points on Friday, 610.78 points, 1.35% higher than a week earlier, MTI reported this Sunday morning along with a brief analysis. Weekly turnover on the stock market was HUF 43.91, up from HUF 55.39 billion the previous […]
Energy consumption in Hungary decreased in December last year compared to the same month of the previous year, with natural gas consumption falling by 24% and electricity consumption by 8.2%, the Hungarian Energy and Public Utility Regulatory Authority (MEKH) said on the basis of data published on its website. According to the communiqué, based on […]
PowerQuattro Plc. has developed a new railway safety device, which has received more than HUF 294 million in non-refundable EU funding for the project under the Széchenyi 2020 program, the company told MTI. The research and development project, which was carried out over a period of two and a half years, involved the development of […]
Anthelos Ltd. has developed, with EU support, a new immunochemical technology, which helps to detect cancer and autoimmune diseases more precisely than before, in the framework of a project costing almost HUF 160 million. The company received a conditional non-reimbursable EU grant of HUF 111.46 million for the development. László Puskás, the head of the […]
Based on estimates by Duna House, the real estate market plunged to a new low in January 2023, after stagnating in November and December. The 5,853 sales estimated by the real estate network nationwide represent the weakest start to the year in 10 years: the last time there were fewer transactions in January was in […]
The new turning shop of Fábafém Ltd. in Mezőberény, SE Hungary, equipped with turning machines, has been completed with an investment of HUF 450 million. As MTI reports, Fábafém Ltd. in Békés county won almost HUF 314 million from the EU's Economic Development and Innovation Operational Program Plus (GINOP), which it supplemented with around HUF […]
The Komárom-based cleaning products manufacturer Well Done Ltd. has invested more than HUF 1 billion in environmental protection projects, including a heat pump system to replace gas consumption and the production of recycled bottles for packaging its products, the managing director of the Israeli-owned company told MTI on Friday. According to Zsolt Stefankovics, the company […]
Consumer prices were 25.7% higher on average in January 2023 in Hungary than a year earlier. The highest price rises were measured for electricity, gas and other fuels as well as food over the last twelve months, the country's Central Statistical Office reports. In one month, consumer prices increased by 2.3% on average. The annual […]
Hungary has the economic and cultural attributes necessary to support the development of a healthy start-up ecosystem. With more cooperation among stakeholders the country could create a start-up culture that could generate some 30,000 high-value-adding jobs and up to billions of forint in additional local spending, according to a recently published study. Hungary is battling […]
German automotive parts and equipment supplier Robert Bosch GmbH increased its turnover and improved its profit in 2022, according to a report received by MTI on Thursday. According to the preliminary figures, Bosch Group sales totaled EUR 88.4 billion, an increase of 12% – or about 10% excluding currency effects – compared to the previous […]
