The Budapest Stock Exchange (BSE) share index, the BUX, closed Friday at 45,715.33 points, up 2.74% or 1,220.23 points compared to last week, the Hungarian state news agency MTI reported this Sunday morning along with a brief analysis of the week. Share turnover fell from HUF 53.825 billion the previous week to HUF 51.203 billion, […]
On Saturday, 5,857 people entered Hungary crossing the Ukrainian-Hungarian border, while 4,253 of those entering at the Romanian-Hungarian border crossing declared that they had arrived from Ukraine, the National Police Headquarters (ORFK) informed the state news agency MTI on Sunday. Of those who entered, police issued 244 people with temporary residence permits valid for 30 […]
A large number of retail outlets, including grocery stores, have been closed in the past decade and a half, and the Hungarian network has shrunk by thousands compared to pre-pandemic levels, the business news site napi.hu reports. Although average wages are on track for double-digit growth again this year, inflation is spoiling the overall picture. […]
Hungary’s DP Innovations Ltd. finished in second place at the leading health innovations competition in Central, Eastern and Southern Europe, the EIT Health, the organizer of the competition told the state news agency MTI. According to the press release, the Hungarian company won second place out of 100 startups in the EIT Health InnoStars Awards […]
A unit to assemble high-voltage batteries for the fully electric model generation NEUE KLASSE is added to BMW Group's plant in Debrecen of which construction was launched six months ago, the Hungarian Investment Promotion Agency reports. The total investment volume of the entire Debrecen project is thus set to exceed EUR 2 billion, and more […]
"Without EU funds, we cannot restore the country's balance of payments – free of debt – and to break inflation expectations, we need to remove the price caps as soon as possible," said, Deputy Governor of the National Bank of Hungary (MNB), Mihály Patai is quoted by the business news site napi.hu One of the […]
The new factory building of Chemark Plc., a pesticide manufacturer, was inaugurated this Friday in the Peremarton Industrial Park. About a quarter of the investment is paid for by Hungarian taxpayers through a government decision. The EUR 13 million development will increase production capacity by 10 million liters per year, bringing Chemark Plc. to 65-67 […]
90% of biodiversity loss is caused by the extraction and processing of natural resources. One million species are threatened with extinction by 2050. Over half the world’s total GDP is moderately or highly dependent on nature and its services. The circular economy and biodiversity are closely interrelated. This key message was the focus of the […]
The EU Commission will propose holding back some of the EU funds earmarked for Hungary citing the Hungarian government failure to implement rule of law and anti-corruption measures. At stake are more than EUR 7 billion, cash that Hungary badly needs at a time when inflation is above 20% and the economy is forecast to […]
Semmelweis University (SE) and Moholy-Nagy University of Arts and Sciences (MOME), both of the Hungarian capital, have signed a cooperation agreement on the launch of joint research and development projects, the medical higher education institution announced on Friday. The statement quoted SE rector Béla Merkely as saying that thanks to the translational approach of the […]
On the occasion of the 220th anniversary of the founding of the National Széchényi Library (OSZK), a new permanent exhibition (in English and Hungarian), entitled Essence, has been opened. At the opening ceremony on Thursday a message by the President of the Republic, Katalin Novák, was read according to which the birth of OSZK has […]
Biolab Diagnostic Laboratory Plc. was awarded HUF 502.48 million in EU grant in October under the Széchenyi Plan Plus program, which will help it move towards robot-driven manufacturing, the company told the state news agency MTI. The whole investment that will cost more than HUF one billion will see the construction of a production hall, […]
The University of Szeged (SZTE) is the only Central and Eastern European institution to participate in an international research project on responses to climate change and the energy crisis, the Public Relations Directorate of the higher education institution informed the state news agency MTI. According to the press release, the European Union's Phoenix project is […]
Last year, 5,611 tons of garlic were harvested from 829 hectares in Hungary, 8% more than the previous year, according to a summary by the Hungarian Agricultural Economics Institute (AKI). This year, the head size of garlic has become smaller due to drought, but the quality of the harvest is good. According to Central Statistical […]
The toy market is less affected by the new coronavirus epidemic, the energy or economic crisis, the annual turnover of toys was HUF 70-80 billion last year, and this year it could reach HUF 90-100 billion, Dávid Gyaraki, marketing manager of Regio Játékkereskedelmi Kft. [Toy Sales Ltd.] said at an online press conference on Wednesday. […]
