In November, the slowdown in traffic at Budapest's Ferenc Liszt International Airport, which started in October, continued; after 80-81% in the summer, the airport’s passenger traffic reached only 76% of the 2019 level in the eleventh month of the year, which means that 969,888 passengers used the airport in November, the airport's management company Budapest […]
Average annual inflation is likely to be in the range of 15-19.5% next year, while economic growth could be in the range of 0.5-1.5%, according to Barnabás Virág, Deputy Governor of the National Bank of Hungary (MNB). He explained the main forecasts of the Bank's latest Inflation Report at a press conference on the Monetary […]
The Kempinski Hotel Corvinus Budapest has appointed Ádám Lévay, a professional with extensive international experience, as the hotel's new Executive Chef. According to the hotel, “mastering his profession, stewardship and management at several iconic hotels around the world, Ádám brings a powerful combination of craft and insight to Kempinski Corvinus.” Ádám Lévay started his career […]
József Rippl-Rónai's painting ‘The Garden of the Castle of Geszt’ broke the painter's lifetime record by hitting HUF 300 million at the winter auction of the Judit Virág Gallery in Budapest Monday evening. With this sum, the painting, painted in 1912, took second place in the Hungarian auction records after Tivadar Csontváry-Kosztka's ‘Mysterious Island’. Rippl-Rónai's […]
The Budapest municipal transport company BKV donated to Ukraine buses that were taken off the roads of the Hungarian capital but can still be used, the state news agency MTI reports. 15 vehicles – five solo Volvos and ten articulated Ikarus models – were handed over on Monday by Gergely Karácsony, Mayor of Budapest, and […]
The Hungarian pharma company Gedon Richter’s partner AbbVie has announced that the U.S. Food and Drug Administration (FDA) has approved VRAYLAR® (cariprazine) as an adjunctive therapy to antidepressants for the treatment of major depressive disorder (MDD) in adults. Supported by clinical data demonstrating efficacy and well-established tolerability, this additional indication provides a new option for […]
In November 2022, 7,040 children were born and 10,220 people died in Hungary according to preliminary data by the country's Central Statistical Office. In the last twelve months, i.e. between December 2021 and November 2022, the number of births diminished by 5.2%, that of deaths by 11% and the number of marriages by 7.6% compared […]
Through new partnerships with Novelis, Hydro and BayWa, the VELUX Group has upgraded its Net Zero commitments, contributing to the reduction of emissions in the corporate value chain and the decarbonization of its own operations, The VELUX Group has signed three new partnership agreements: - Using low-carbon Hydro Aluminium, the carbon emissions per kilogram of […]
During my country’s history as an independent nation – and especially during the first half of the 20th century –, thousands of multifaceted and hard-working people emigrated to the long and narrow land, washed by the waters of the Pacific Ocean, that we call Chile. Among them, a small but talented group of Hungarian artists, […]
The stock index of the Budapest Stock Exchange (BSE) strengthened this week on low turnover, closing at 45,069.12 points on Friday, 2.01% higher than a week earlier the state news agency MTI reported on Sunday morning – along with an analysis. The weekly turnover of the stock market was HUF 46.36 billion, up from HUF […]
Christmas is all about spending quality time with family, 69% of women and 60% of men say, but the preparations can also be stressful, according to a survey by Costa Coffee and GKID in Hungary. The survey found that people choose a variety of ways to relieve stress: one in five relax by reading a […]
One of Hungary's biggest sandwich makers, Khell-Food is to be acquired by Orkla Foods of Norway. If the Hungarian authorities agree, the deal could be completed in the first quarter of 2023. Orkla Foods Europe will acquire all the shares of Hungarian sandwich maker Khell-Food, ESM Magazine reports. Khell-Food was founded in 1992 and sells […]
The consortium formed by ANY Security Printing Company PLC and the Hungarian Banknote Printing Shareholding Company has signed a contract with the National Tax and Customs Administration of Hungary for the production of excise and tax stamps for another two-year period, according to a communiqué published on the website of the Budapest Stock Exchange. The […]
The renovated Chain Bridge, the oldest bridge on the River Danube in the Hungarian capital was opened to temporary traffic this Friday. Budapest Mayor Gergely Karácsony said at the event that the Chain Bridge should be a bridge between the present and the future, connecting not only Buda and Pest, but also the divided and […]
Inflation in Hungary in November outpaced that in the formerly leading Baltic countries. It far exceeds inflation in other countries in the region and is more than double the EU average. Moreover, it continues to accelerate as competitors’ rates slow down. Figures published by Eurostat, the statistical office of the European Union, show that inflation […]
