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 […]
Last week, 38,000 people were diagnosed with flu-like illnesses, according to reports from doctors participating in the surveillance service, the National Center for Public Health (NCHR) said in its weekly report on Thursday. According to the report, in the fifth week of the year, 244,000 people went to the doctor with symptoms of acute respiratory […]
The value of exports in EUR terms was 12% and that of imports 9.9% larger in December 2022 than in the same period of the previous year. The balance of the external trade in goods improved by EUR 204 million. Compared to the previous month, the level of export in goods decreased by 16% and […]
On Wednesday, 4,736 people entered Hungary at the Ukrainian-Hungarian border, while 3,902 of those entering at the Romanian-Hungarian border said they had come from Ukraine, the National Police Headquarters (ORFK) told MTI Thursday morning. Of those who entered, police issued 117 people with temporary residence permits valid for 30 days. They will have to go […]
The world-famous Hungarian mathematician János Neumann (also known as John von Neumann) was commemorated on the 66th anniversary of his death at his birthplace in Budapest on Wednesday as part of the Neumann Memorial Year program. Speaking at the wreath-laying ceremony, István Alföldi, former executive director of the Neumann Society, which organized the event, highlighted […]
Despite the economic challenges, 78% of Hungarian CEOs do not plan to cut staff and 97% do not plan to reduce employee compensation in the next 12 months, a partner of PwC Hungary's tax advisory business said at a press conference in Budapest on Wednesday. According to Barbara Koncz, the Hungarian CEO survey, which was […]
The 29th FeHoVa (Arms, Fishing and Hunting) exhibition opens this Thursday with more than 200 exhibitors and will be open for four days at the Hungexpo Budapest Congress and Exhibition Center, the latter has announced. Belgium, South Africa, Namibia, Italy, Pakistan and South Africa are among the countries represented at the largest gathering of hunters, […]
30, mostly elderly, chronic patients died last week (up from 19 in the previous week), bringing the official total number of deaths in this country to 48,707, the government's Coronavirus Press Center said on Wednesday. 825 new infections were confirmed in the past week (about a third more than in the previous week), bringing the […]
The gross sales revenue of the Budapest-based liquor company Zwack Unicum Plc. was HUF 29.8 billion in the first three-quarter financial period from the beginning of April to the end of December, which is 13% or HUF 3.5 billion more than the previous data for the same period of the business year. As the spirits […]
Another Hungarian police unit is going to North Macedonia for the purpose of border protection – the communication service of the National Police Headquarters (ORFK) announced on its police.hu website on Tuesday. According to the announcement, Hungarian police is committed to preventing illegal immigrants from entering Hungary and the European Union. Therefore, in addition to […]
The volume of industrial production grew in December 2022 by 2.0% year-on-year in Hungary, the country’s Central Statistical Office reports. Based on working-day adjusted data, production rose by 5.7%. Compared to crude data, the significant difference is due to the fact that there were two less working-days in December 2022 than in December 2021, the […]
The Hungarian pharmaceutical company Gedeon Richter Plc. has announced on the website of the Budapest Stock Exchange that it has acquired from shareholders of Consilient Health 100% control of OC Distributors Ltd., an Ireland based company holding the marketing and distribution rights of a number of women’s healthcare products. The transaction value is GBP 32.5 […]
A 55-strong team from the Hungarian rescue organization ‘Hunor’ left Budapest on Monday for Turkey to help the victims of the earthquake. The HUNOR Rescue Service team consists of professional firefighters, military doctors and ambulance staff. They are also taking two search dogs with them. The team is able to work 24 hours a day […]
