Internet use is on the rise over the age of fifty, but TV is still the first, according to a statement on media consumption habits sent to the Hungarian state news agency MTI by the Communications Directorate of the National Media and Infocommunications Authority (NMHH) on Wednesday. The online presence of 50-75 year-olds has become […]
A total of 4,431 new infections were confirmed last week in Hungary (125 less than the number the number reported a week ago), bringing the total number of identified infections to 2,157,995 since the beginning of the epidemic, according to the related government website koronavirus.hu. The 73 patients who died last week (19 less than […]
The ice rink in the City Park in Budapest’s District 14 will open its doors to skaters at 9 a.m. on Thursday morning, November 17. According to the Budapest Sports Service Center, the opening week will be marked by a variety of activities for the lovers of the sport. On Thursday afternoon, the Hungarian Defense […]
The implementation of an ambitious development plan thru 2025 is underway at Siemens Energy’s Hungarian operation, an important pillar of which is the erection of a 17,000-square-meter production hall in Budapest that just broke ground. Part of the investment is a training program, and in total 400 new jobs will be created along the way. […]
With a score of 47.9 points, Hungary ranks 17th among the 27 European Union countries in the competitiveness ranking prepared by the National Bank of Hungary (MNB) – up one place but still slightly below the EU average. The Head of MNB's Competitiveness Department Ákos Szalai was of the view at Tuesday’s online press conference […]
Hungary’s gross domestic product diminished by 0.4% between July and September this year compared to the previous quarter according to seasonally and calendar adjusted and reconciled data reported by the the Central Statistical Office. The report added that in the 3rd quarter of 2022, the economic performance increased by 4.0% according to raw data and […]
Budapest is the tenth-best city for antique lovers in Europe, scoring 7.02 out of 10. That is according to the latest study by Confused.com (Q3 2022), where research reveals the best cities in Europe for bargain hunters. In the antique index, the capital city scores highly for the quality of its antique stores (4.40/5), ranking […]
The Hungarian pharmaceutical firm Gedeon Richter Plc. has announced an important change in the executive management of company on the website of the Budapest Stock Exchange. “The company hereby informs its honorable shareholders that with effect from November 15, 2022 Mr. Erik Bogsch resigns from his position regarding the direct supervision of Commercial, International and […]
Alteo Group, active in the energy sector, achieved consolidated revenues of HUF 62.7 billion in the first three quarters of this year, up 116 % compared to the same period last year, while its profit after tax increased by 128 % to HUF 11.2 billion in the same period, the energy services and trading company […]
The Minister of Technology and Industry, László Palkovics is to leave his post, and a new energy ministry is to be established, the head of the Prime Minister's Office, Gergely Gulyás announced at an extraordinary press conference on Monday. According to Minister Gulyás, the restructuring is justified by the war in the neighboring country and […]
With subdued demand, the housing market ended October as the weakest month this year in Hungary. The 8,326 sales estimated by the nationwide real estate network Duna House were down 9% on the previous month and 28% down compared to October 2021. Rising lending rates and concerns about the energy crisis have made more and […]
A EUR 200 million investment to set up JYSK’s distribution center in Ecser marks the beginning of a new chapter of the regional presence of the Danish store chain. Hungary’s largest single space logistics hub that can host over 200,000 palettes is set to serve markets of Croatia, Slovakia and Slovenia, and as a result, […]
Pilulka, the Czech Republic's largest online pharmacy, has launched operations in Hungary and will soon continue its expansion in Austria, the company has told the Hungarian state news agency MTI. Pilulka.hu aims to become Hungary's number one online drugstore, also accessible from mobile apps. According to the statement, the Czech online drug retail and mail […]
Hungary is among the top EU countries in terms of gross household savings, according to Eurostat, the European Union's Statistical Office. The gross saving rate of European households is the share of gross disposable income that people do not spend. In this respect, Hungary ranks high in the EU, the financial portal portfolio.hu reports, citing […]
The Budapest Stock Exchange (BSE) share index rose in the week, closing at 43,698.34 points on Friday, up 2.51% on the week to 1,068.66 points, the state news agency MTI reported this Sunday morning along with a brief analysis. The weekly turnover on the stock market was HUF 63.58 billion%, compared to HUF 30.63 billion% […]
