Twenty-four trucks, each weighing 20 tons, tested the load-bearing capacity of the Chain Bridge in the Hungarian capital on Saturday; based on the primary data, the crossing passed the test well, and its renovation is still on schedule and within budget, Budapest Transport Center (BKK) has announced. According to the statement, the static and dynamic […]
A ceremony was held at the Madách Theater this Friday night in Budapest after the 900th performance of The Phantom of the Opera. The theatre premiered the musical, directed by Tamás Szirtes, on 30 May 2003. According to a statement by Madách Theater, their team and director Tamás Szirtes had the honor of presenting the […]
Agricultural producer prices were on average 61.0% higher in September than a year earlier, with the rate of increase jumping by 8.1 percentage points after 2.2 percentage points in August, according to the latest data released by the Hungarian Central Statistical Office (KSH) . The purchase price of live animals was 69.2% higher than in […]
A painting by Béla Kondor and one by Ilona Keserü sold for over a HUF one hundred million each at the first contemporary auction at the Kieselbach Gallery in Budapest. According to the gallery's statement, the auction, which was attended by a large number of visitors on Friday evening, set unprecedented records in Hungary. Béla […]
The VOLT Festival in Sopron will be cancelled in 2023. In a statement sent to the state news agency MTI on Friday, the organizers justified the decision with the uncertain economic environment. Tamás Kádár, the head of Sziget Organizing Office organizing major festivals such as Sziget, Balaton Sound and Telekom VOLT, stressed in the statement […]
Gross electricity consumption in Hungary decreased by 2.3% in September compared to the same period of the previous year, according to a September report published by the Hungarian Energy and Public Utility Regulatory Authority (MEKH) this Friday. Maximum system load was also 3.8% lower than in September last year. The development of domestic production was […]
Hungary opened a new front in its ongoing standoff with the European Union when it said it would not support the bloc’s plan for a support package for war-torn Ukraine. Hungary’s move comes as the government of Prime Minister Viktor Orbán is running a popular campaign against EU sanctions on Russia. The European Union this […]
Three new halls will be built and infrastructure improvements will be carried out in the industrial park in Szekszárd, south central Hungary, with the support of the HUF 2.8 billion Operational Program for Regional and Urban Development, the town’s municipality told MTI. The construction of the 2,423, 1,122 and 445 square-meter halls will start in […]
The Hungarian construction material production company's sales increased by 9% in Q3 compared to the base period – in economic recession fears environment – driven by strong sales performance related to insulation products. A statement published on the website of the Budapest Stock Echange highlights that the impact of increased inventory levels at higher prices […]
The Hungarian oild and gas company MOL has successfully closed the previously announced deal with Waldorf Production Limited (“Waldorf”) regarding the sale of its entire E&P portfolio in the United Kingdom. The company said in a statement that the divested offshore assets include MOL’s 20% stake in the Catcher field, a 50% stake in Scolty […]
The value of exports in EUR terms was 28% and that of imports 33% larger in September 2022 than in the same period of the previous year. The balance of the external trade in goods deteriorated by EUR 570 million. Compared to the previous month, the level of export in goods increased by 15% and […]
Owners of electric Opel vehicles will be able to buy not only vehicle chargers but will also receive access to sustainable energy solutions: thanks to the coordination of e-mobility-related services between the AutoWallis Group and ALTEO, owners of electric Opel vehicles will be offered a complex solution that ensures reliable and cheaper electric vehicle use. […]
Erste Bank's profit after tax for the first nine months of this year was 59.2% lower than last year at HUF 18.3 billion, while lending continued to grow, CEO Jelasity Radovan said at a press conference in Budapest on Wednesday. He added that the rise in costs and public charges, as well as accounting settlements […]
The general level of trust in the construction industry among contractors in Hungary has improved slightly, but is still at a medium level, the CEO of Mapei Ltd., Béla Markovich said, at an online press conference presenting the results of this year's Construction Industry Confidence Index survey on Wednesday. This year's Construction Industry Confidence Index […]
In honour of Imre Kertész, the National Bank of Hungary (MNB) is issuing a silver collector coin with a face value of 7,500 forints and its non-ferrous metal version of 2,000 forints on the writer’s birthday to mark the 20th anniversary of his receiving the Nobel Prize. Imre Kertész (1929 -2016), Hungarian writer and translator, […]
