20% of petrol stations operated by the Hungarian oil and gas company MOL, basically the only supplier of petrol in the country due to the capped price situation, have been reported to experience partial stock shortages in recent days. Stations in the capital and in the countryside were found to be out of 95-grade petrol […]
In October 2022, 7,361 children were born and 10,808 people died according to preliminary data published by the Central Statistical Office this Monday. In the last twelve months, i.e. between November 2021 and October 2022, the number of births diminished by 3.9%, that of deaths by 8.3% and the number of marriages by 6.4% compared […]
Olympic, world and European water polo champion Gábor Csapó has died at the age of seventy-two. He was hospitalized in early November for respiratory failure and was kept under deep anesthesia on a ventilator. "We have lost another legend, who was not only an outstanding player in the teams he played for, but who also […]
A silver fir tree, about 18 meters tall, had its ornamental lights switched on at Kossuth Square in front of the Parliament on the first Sunday of advent. The pine tree is adorned with a 130-centimeter-high, 103-centimeter-wide, 36-centimeter-deep, three-dimensional-effect, 25-kilogram, eight-pointed star-shaped top ornament, lit by warm white light and energy-saving LED lights. The country's […]
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 […]
