Property purchases for investment purposes increased both in the Hungarian capital and in rural areas last December, according to Duna House's own data. In Budapest, investor motivation generated 53% of transactions in December 2022, and 33% in the countryside, an increase of 7 and 4%age points, respectively, compared to the same period in 2021. Investors […]
Following the HUF 50 billion investment announced two years ago and the HUF 35 billion investment launched last year, Nestlé Hungária is again embarking on a large-scale development of its pet food production base in Bük, NW Hungary, according to a company press release. The new investment of nearly HUF 140 billion announced this Friday […]
A statue of Hungarian physician and scientist Ignác Semmelweis has been inaugurated at the Queen Mary University of London Faculty of Medicine and Dentistry. At the ceremony, jointly organized by the university and the Hungarian Embassy in London, Márta Korbonits, Professor of Endocrinology at Queen Mary and Professor Emeritus, Professor of Medicine at Semmelweis University […]
Influenza-like illnesses have reached epidemic levels in Hungary, and an outbreak of respiratory giant cell virus (RSV) is also underway, the national public health officer has announced. Presenting the epidemiological data, Cecília Müller said that in the first week of the year (between January 2 and 8) almost 162,000 people went to the doctor with […]
Hungary's government is ready to sue the European Commission over the latter’s decision to cut off some Hungarian universities from EU funding. The move is part of a larger EU action package aimed at forcing Hungary to remedy measures related to judiciary independence, academic freedoms, LGBT rights and the asylum system. The EU announced this […]
Toyota had its best year ever in the combined passenger car and light commercial vehicle market in Hungary in 2022, with its dealerships selling 15,102 vehicles, giving the brand an 11.7% share of an otherwise shrinking market, the country director of Toyota Central Europe Ltd., Richárd László said at a press conference in Budapest. Toyota […]
By the end of last year, the recipients of Hankook's 2022 Tire Donation Program were able to collect their donated tires at the Rácalmás site of Hankook Tire Hungary Ltd., the company has announced. In addition to the small non-profit organizations, the National Ambulance Service, the Igazgyöngy [‘True Pearl’] Foundation and the National Directorate General […]
In November 2022, 691,000 guests spent 1.7 million tourism nights in commercial accommodation establishments (hotels, boarding houses, camping sites, bungalow complexes and community hostels). The number of guests rose by 17% and that of nights by 7.8% compared to the same period of the previous year, the Central Statistical Office reports. Compared to November 2021, […]
In 2022, Budapest Airport, the management company of the Hungarian capital's Ferenc Liszt International Airport, applied for the European Union’s CEF 2 Transport - Alternative Fuels Infrastructure Facility funding program with its Net Zero Airport project, and a grant contract for the installation of 83 charging stations and 102 charging points was recently signed, the […]
From 2022, telecom companies in Hungary are no longer obliged to display their subscribers' data in books or any other medium, ending the era of printed phone book after 140 years. Magyar Telekom's printed copies last year were the last ones in this category. One of the copies was donated to the Postal Museum. The […]
More than 100,000 people visited the Ferenc Móra Museum and its exhibition spaces last year in the southeastern Hungarian city of Szeged, the institution informed MTI on Wednesday. According to the statement, the Ferenc Móra Museum in Szeged closed an outstandingly successful year: in 2022 more than 100,000 visitors visited the museum's main building and […]
5% of inter-company invoices in Hungary remained unpaid last year, while 2.3% of invoices had to be written off in 2021, according to an analysis of payment habits by credit insurer Atradius. According to the survey of 200 Hungarian companies, 40% of firms found that their customers paid later than a year earlier, compared with […]
There are currently 727 patients with the new coronavirus infection in hospital in Hungary (almost twice as many as in the previous week), 36 of whom are on ventilators (four times the figure in the previous week), the government's Coronavirus Press Center said on Wednesday. 1,597 new infections were confirmed in the previous week, bringing […]
The Tourism Business Climate Index (TCI) stood at minus 22 points in December last year, indicating that the sector's operators in Hungary continue to perceive their situation as deteriorating. Compared to November, the index fell by seven points and has deteriorated by 15 points since September, the National Association of Tourism and Hospitality Employers (VIMOSZ) […]
Two thirds of Hungarians have some form of insurance; the majority have property insurance, mostly for property and motor vehicles, according to a survey by UNIQA Insurance. The summary shows that half of the 18–50-year-olds surveyed online also have life insurance. The majority of graduates have at least three policies, and the proportion of people […]
