The domestic market differs from the global one: while 18,355 new premium cars were sold in Hungary in 2022, an increase of 10.7% compared to the previous year, worldwide luxury car sales decreased by a few per cent. "The premium category is less price-sensitive, and purchasing power in this segment declines much later," executive chairman […]
Several Árpád-period (11th-13th century) graves, a Germanic warrior buried with swords and house traces from the early Iron Age have been found in a small area in Tatabánya, west of Budapest, the director of the city museum told MTI. According to archaeologist Gabriella Pál, the area was once a prominent sandy mound at the junction […]
The forint marched to considerably stronger levels against both the EUR and USD this year after being in a freefall in 2022. Experts believe the Hungarian currency has by now reached key technical levels and further significant strengthening may not be in the cards. The Hungarian currency has staged a spectacular comeback in recent weeks […]
4,407 people entered Hungary crossing the Ukrainian-Hungarian border this Wednesday, while 5,416 of those entering at the Romanian-Hungarian border crossing declared that they had arrived from Ukraine, the National Police Headquarters (ORFK) said on Saturday. Of those who entered, police issued 155 people with temporary residence permits valid for 30 days. They will have to […]
Unit 3 of the Paks nuclear power plant, located in central Hungary, will be operating at its nominal capacity again from Friday morning, the plant announced on its website. Communications director Antal Kovács said the unit's output was reduced to 50% on Thursday due to a fault in the generator protection's current transformer. The device […]
The Binax Group, a Zalaegerszeg-based call center operator, will hire 150 new employees this year and 120 next year, in addition to the 150 employees it has so far, the owner of the group said at a press conference on Thursday. Tibor Ott said that the group, which started in Zalaegerszeg in 1998 and currently […]
Up to 40 tons of pine trees discarded after the Christmas holidays may be burned in the coming period at the thermal power plant (in Pécs, southern Hungary), which operates with two biomass-fired units, the owner Veolia Energia Magyarország Plc. has announced. The statement sent to MTI said that the Pécs thermal power plant, which […]
Labor market service provider Trenkwalder has set up in Gyöngyös, east of Budapest, a new plant, which can provide outsourced tasks related to physical and mental jobs for companies operating in the region. Trenkwalder Managing Director Balázs G. Nagy said at the inauguration of the plant that the assembly plant started with 30 employees, but […]
Tesco joined the Advent fundraising campaign of the Hungarian Interchurch Aid organization for the thirteenth time, raising more than HUF 57 million for the benefit of the needy, which the supermarket chain then supplemented with HUF 60 million, and this year, it will support the aid organization with another HUF 10 million. According to a […]
MASTERPLAST, the largest Hungarian-owned building materials manufacturer in the Central European region, has announced on the website of the Budapest Stock Exchange that it entered into a sales and purchase agreement for the acquisition of 100% of the shares PIMCO Ltd. This makes MASTERPLAST the sole shareholder of PIMCO Ltd. PIMCO Ltd. has a 4.3-hectare […]
This year’s Budapest Independent Film Festival (BIFF) 2023 is to take place in February, screening 15 films of different genres. After last year’s Special Edition screening, the event returns to the venue, Kino Cafe Mozi with a rich and diverse program. Aiming to showcase emerging talents and address social issues of today, the BIFF 2023 […]
51, mostly elderly, chronic patients died last week (36 in the previous week), bringing the official total number of deaths in this country to 48,629. The number of recovered cases is slightly up (2,133,974) while the number of active infected has fallen to 8,597. There are currently 727 patients with the new coronavirus infection in […]
The Business Climate Index of the National Bank of Hungary (MNB) improved to minus 5 points in December from minus 7 points in November, but remained in the negative range indicating a negative business climate, the central bank has said on its website . Contributing to the rise in the index was a reduction in […]
Almost the entire Hungarian society would like to live in a more environmentally friendly way in the next year, but is not so open to reducing meat consumption, according to a representative survey conducted by the ELTE Faculty of Pedagogy and Psychology. According to the research, 94.8% of Hungarian society would like to become more […]
Hídtechnika [Bridge Technology] Ltd. has won a non-refundable EU grant of HUF 204.18 million for technological modernization. The project aims to safeguard jobs, improve the company's productivity and expand its portfolio, the bridge renovation and construction company has announced. The total cost of the development, supported under the Economic Development and Innovation Operational Program (Ginop) […]
