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BMW Dealer Donates Car to Emergency Services

D&T
Dec 13, 2022

The emergency service in Budaörs, just southwest of Budapest, has received a very special donation: a BMW 530d model to support the emergency services, courtesy of local dealer BMW Rack Auto. The 24-hour emergency service has been available in the Budaörs and Törökbálint area since 2001, providing ambulance and emergency services and assisting GPs 24 […]

Number of Electric Cars Steadily Increasing in Hungary

D&T
Dec 13, 2022

According to the Future Mobility Association, 0.79% of the total car fleet was pure electric at the end of October 2022, compared to 0.47% in 2021 and 0.29% in October 2020. A statement by the association says that 32,596 electric cars were in operation in the country in October this year, while the number of […]

University of Pécs: World's 21st Greenest University

D&T
Dec 13, 2022

The University of Pécs (PTE) in southern Hungary has been ranked 21st in the UI GreenMetric World University Rankings, an international program of 1,050 participating universities. In Hungary, PTE is ranked first in this respect – for the third time now. "Through its Green University Program, the University of Pécs wishes to further enhance its […]

EU Council Suspends EUR 6.3 Billion to Hungary

D&T
Dec 13, 2022

The Committee of Permanent Representatives to the EU has found the required qualified majority to impose measures for the protection of the Union budget against the consequences of breaches of the principles of the rule of law in Hungary, concerning public procurement, the effectiveness of prosecutorial action and the fight against corruption in Hungary. The […]

Commerzbank Hungary Clients Have Joined Erste Bank

D&T
Dec 12, 2022

Erste Bank Hungary has successfully integrated the clients and activities of Commerzbank's Hungarian subsidiary into its corporate business. With the technical closing of the acquisition, Erste Bank became Hungary's fifth largest corporate lender, with a market share exceeding 10 percent. The customers of Commerzbank's Hungarian subsidiary, Commerzbank Plc., joined Erste Bank Hungary Zrt. smoothly, according […]

Over 50% of Hungarians Overspend on Christmas Presents

D&T
Dec 12, 2022

More than half of the Hungarian population overspends on Christmas presents, according to a new survey. 80% of Hungarians plan in advance the value of the gifts they will buy, but more than 50% overspend during the festive season, according to a representative survey by Magyar Bankholding, the summary of which was sent to the […]

ŠKODA JS, the Nuclear Partner

D&T
Dec 12, 2022

Cooperation between the Czech Republic and Hungary is developing dynamically in all areas. This includes economic cooperation in various sectors, where in the energy sector, ŠKODA JS plays an important role. ŠKODA JS has historical bonds in Hungary and is today building on and developing these bonds, making a significant contribution to the modernization of […]

OTP Bank to Buy Uzbekh Financial Institution

D&T
Dec 12, 2022

Hungary’s OTP Bank signed a purchase and sale contract on the privatization of Ipoteka Bank in Uzbekistan this Monday. According to the contract, OTP Bank will purchase 100% of the shares held by the Ministry of Finance of the Republic of Uzbekistan (nearly 97% shareholding) in two steps: 75% of the shares now and the […]

Fine Art Hungary – Art of the Year Awards Presented

D&T
Dec 11, 2022

Ágnes Verebics' Globeface in the picture category and Botond Polgár's Pártorzó [Pair torso] in the sculpture category were the winners of the Fine Art Hungary – Artwork of the Year 2022 program series, the organizers told the state news agency MTI on Sunday. As the statement recalled, the Fine Art Hungary program series was launched […]

BUX Index Fell on Falling Turnover This Week

D&T
Dec 11, 2022

The Budapest Stock Exchange (BSE) share index fell on a downward trend this week, with the BUX closing at 44,182.00 points on Friday, 3.54% lower than a week earlier, the state news agency MTI reported, along with a brief analysis, on Sunday morning. The weekly turnover of the stock market was HUF 49.02 billion, down […]

Some 9,500 People Arrived from Ukraine on Saturday

D&T
Dec 11, 2022

On Saturday, 5,463 people entered Hungary crossing the Ukrainian-Hungarian border, while 4,120 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 168 people with temporary residence permits valid for 30 […]

Budapest Bike Maffia Help on World Human Rights Day

D&T
Dec 10, 2022

On the occasion of World Human Rights Day, the Budapest Bike Maffia organized a large-scale food distribution campaign in cooperation with the Embassy of the Netherlands in Hungary and the local Flemish representation. The Budapest Bike Mafia provided food and vitamins to people in need. On World Human Rights Day, they are raising awareness that […]

Westend and Woodapest: 38 New Trees to Andrássy Avenue

D&T
Dec 10, 2022

On Earth Day this April, the Budapest shopping center Westend's second-hand clothes collection space, ReStore, opened its doors, where, in addition to collecting surplus textiles, it also hosts various sustainability-related activities. Loyalty points are awarded on the Westend app for used clothing donations, which could also be redeemed for tree planting when the project was […]

Sharing Business Experience

D&T
Dec 10, 2022

The main objective of the Cseh-Magyar Üzleti Klub (Czech-Hungarian Business Club), established in 2004, is to develop bilateral business relations and promote cooperation between Czech and Hungarian businesses. In addition, the Club aims to create a forum for its members – be they companies or individuals – to deepen their cultural and human ties in […]

Government Authorizes Itself To Modify Budget

D&T
Dec 9, 2022

A new government decree has been published in the Hungarian Gazette, according to which the Hungarian government, citing the state of war, has authorised itself to rewrite the budget without the approval of Parliament. According to the decree, the provisions of the law on public finances "on the preparation, structure and content of the central […]

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