A significant rise in food prices in Hungary could shift demand towards lower quality products. The supply of quality meat products may fall and lower quality products may appear in shops, Hungarian meat industry players say. Average inflation in Hungary was 23.1% year-on-year in November, according to Eurostat's Harmonized Index of Consumer Prices (HICP). Food […]
The December 24 heat record of the Hungarian capital was broken this Saturday: 13.1 degrees Celsius were recorded at the Lágymányos station in southern Budapest, the National Meteorological Service notified the public on one of its social media pages on Sunday. The statement said this was several tenths of a degree Celsius higher than the […]
The Budapest Stock Exchange (BSE) share index fell on a downward trend this week, with the BUX closing at 45,007.80 points on Friday, 0.14% lower than a week earlier. Weekly turnover on the stock market was HUF 29.3 billion, up from HUF 46.3 billion the previous week, with leading stocks performing mixed. In its weekly […]
The Liszt Academy of Music will launch a comprehensive IT development with the support of the EU Restoration Fund, with more than HUF 1.2 billion, the Liszt Academy of Music told the state news agency MTI. The Ferenc Liszt Academy of Music (Liszt Ferenc Zeneakadémia) has successfully applied for the call for proposals entitled "Infrastructure […]
The University of Veterinary Medicine will in future provide for guide dogs free of charge, the institution told the state news agency MTI on Saturday. According to the statement, guide dogs will be able to be treated at the best-equipped small animal clinic in the region. The University of Veterinary Medicine's donation worth several million […]
On the night of December 23, the Hungarian Gazette was published, full of new laws and regulations. One of them is a government decree amending the extra profit tax decree to impose a special tax on pharmaceutical manufacturers in proportion to their turnover. Another regulation increases the tax on insurance companies. The latest extra tax […]
The most successful female leader, female entrepreneur and the most inspiring female success story of 2022 awards have been handed over, the SEED Foundation and the PWA - Association of Successful Women, which launched the competition for the awards in Hungary, informed the state news agency MTI on Friday. The most successful female leader was […]
69% of young people under 30 who have a job expect a pay rise next year in Hungary, while only 6% fear a decrease, K&H Bank said on Friday, referring to its November survey. Despite the optimistic feedback, the K&H data shows that young people are also feeling the difficulties. In the previous quarterly survey, […]
The bomb disposal of the 500-kilogram US aerial bomb found on Tuesday in the Petróleum Bay in Csepel, in the south of Budapest has been successfully completed, and the police have lifted the temporary restrictions imposed on the affected area, the 1st Home Guard Bomb Disposal and Warfare Regiment of the Hungarian Army informed the […]
7,997 people entered Hungary crossing the Ukrainian-Hungarian border, while 4,806 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 Friday. Of those who entered, police issued 220 people with temporary residence permits valid for 30 days. They […]
The majority of large companies' managers expect the Hungarian currency, the forint to weaken further until the summer, with almost all of them adversely affected by the exchange rate change, K&H Bank told the state news agency MTI on Thursday. According to their survey, 65% of respondents expect a weaker forint in the next six […]
NEO Property Services, a subsidiary of AKKO Invest Ltd., has announced on the website of the Budapest Stock Exchange that it reached yet another milestone by entering the general contracting market in large residential projects. NEO’s first large general contracting work is the first phase of the 164-apartment Le Jardin housing complex, which may be […]
The deficit of the external trade in goods was EUR 923 million in October, the adjusted volume of export and import decreased by same extent by 2.3% compared to September, the Central Statistical Office reports. In October 2022, the volume of export was 11% and that of import was 7.6% higher than in the same […]
Celebrating its 75th business anniversary, Canada-based CAE Inc. has announced to add substantial R&D capacities to his Hungarian operation. The company that develops simulation systems in defense, civil aviation and healthcare will create dozens of new jobs under a nearly HUF 3.5 billion project. Founded 75 years ago, one of Canada’s largest aviation firms, CAE […]
The high-tech holographic device purchased by the Biomechanics Laboratory of the University of Debrecen (DE) from the donation of Katalin Karikó enables more precise surgical interventions, the institution informed the state news agency MTI. According to the press release, the research biologist, the patentee of the synthetic mRNA-based vaccine technology, donated part of the money […]
