The Russian invasion of Ukraine, which has been dragging on for almost a year, has begun to destroy the existence of Ukraine from many directions, and Ukrainian intellectuals are also struggling to survive. University courses for Ukrainian students have been organized in Budapest. This is a kind of therapy for them, in addition to the […]
Duna House Holding Plc. (DHG) has informed the capital market participants on the website of the Budapest Stock Exchange that it has increased its ownership in the Italian Hgroup S.P.A. from 70.00% to 71.14% on December 6, 2022 and subsequently to 77.13% on January 26, 2023 by purchasing shares from three minority shareholders who no […]
A community space has been created on the first floor of the Belvedere Palace in Szeged, SE Hungary, with support from the European Union, the Csongrád-Csanád County Municipality, has announced. According to the press release, the investment will enable the municipality to provide the population of the county with a worthy and accessible space for […]
After the Hungarian Competition Authority granted its approval, the acquisition of the Nelson Group’s fleet management division has been successfully closed by AutoWallis Group, the latter has announced on the website of the Budapest Stock Exchange. By obtaining Nelson, which is among the ten largest players on the fleet management market, the automotive company has […]
7,366 children were born and 11,940 people lost their lives in December, which means a natural decrease of 4,574 compared to the previous month and 45,300 in the year 2022, the Central Statistical Office reports. In 2022, the number of births diminished by 5.0%, that of deaths by 13% and the number of marriages by […]
Hungary’s ruling Fidesz party faces probably the toughest year of its 13-year reign at the helm of the country. The economic picture is bleak and the silver lining very slim. The energy crisis engulfing Europe and Hungary, the ongoing stand-off with the EU and consequent freezing of funds, and the impact of the war in […]
The establishment of a science and innovation park has begun at the University of Pécs (PTE) as part of a development project funded by the European Union with nearly HUF 4.5 billion, which will be completed this autumn, it was announced at a press conference in the Baranya County seat on Thursday. As one of […]
In the last three months of the year, 60,900 square meters of new logistics real estate was delivered in the Budapest agglomeration, while in the countryside almost 48.300 square meters were delivered, according to the Budapest Real Estate Consultants' Forum (BIEF). Last year, a total of 333,210 square meters of new space was added to […]
The E.ON Hungária Group is launching a HUF 74 billion network development project, half of which will be financed from its own resources and the other half from the EU's Recovery and Resilience Facility (RRF) program, pre-financed by the Hungarian government, the Group announced at a press conference in Budapest on Thursday. The Group's Deputy […]
IKEA Hungary achieved a turnover of HUF 130 billion in the financial year 2022, an increase of almost 20% compared to the previous year, while online sales grew at an even higher rate of 34%, the home furnishing chain told MTI on Thursday. The stores welcomed 3.5 million shoppers, while the share of online shopping […]
Close to 24,000 people visited the doctor with flu-like symptoms last week, according to reports from doctors participating in the surveillance service, the National Public Health Center (NNK) said in its weekly report on Thursday. It said that in the third week of the year, 185,400 people went to the doctor with symptoms of acute […]
Orbico Hungary has decided to move to the first phase of H2Offices complex in Budapest. The new tenant will occupy 1,253-sqm office space in the building, the building's developer, Skanska has announced. According to the press release, the international distribution and logistics provider, Orbico Hungary has signed a long-term lease agreement for 1,253-sqm office space […]
The world faces three critical challenges: the climate emergency, the loss of natural diversity, and growing social inequalities. Systemic changes are needed instead of isolated measures, which require profound and comprehensive cooperation across sectors and between economic actors. Building on these thoughts, the Business Council for Sustainable Development in Hungary (BCSDH), recognizing the opportunities inherent […]
29, mostly elderly, chronic patients died last week (down from 51 in the previous week), bringing the official total number of deaths in this country to 48,658. The number of recovered cases is slightly down (2,137,305) while the number of active infected has fallen to 5,864. There are currently 472 patients with the new coronavirus […]
KAP Processing Ltd. is to set up a modern metal furniture factory in Mórahalom, SE Hungary, with the support of the European Union, the company informed MTI. According to the statement, the investment, which will be completed by August, will cost HUF 257 million, of which about HUF 180 million forints will be covered by […]
