The Hungarian capital has been and will continue to do its part to help refugees fleeing the war in Ukraine, Mayor Gergely Karácsony said on Monday at the opening of the Budapest Helps information and community center. The war in Ukraine has put everyone in a new situation, and everything must be done to provide […]
The summer of 2022 was the hottest since 1901, the National Meteorological Service said in an analysis published this Monday. The season's average temperature nationwide was 22.8 degrees Celsius – the average between 1991 and 2020 was 20.8 degrees – half a degree warmer than the previous record-breaking summer of 2003. June was 2.3 degrees, […]
In July 2022, the volume of sales in retail trade in Hungary increased by 3.8% according to raw data and by 4.3% when adjusted for calendar effects compared to the same period of the previous year, the country's Central Statistical Office reports. In July, calendar-adjusted sales volumes decreased by 2.9% in specialised and non-specialised food […]
Hungarian cinematographer Marcell Rév has won this year’s Emmy Award for ‘Outstanding Cinematography For A Single-Camera Series (One Hour)’ for an episode of the television series ‘Eurphoria’. The Hungarian cinematographer was already nominated last year for an episode of the HBO series (Trouble Don't Last Always), and this year, he won the award for another […]
"It’s official! Richard Rapport will play for Romania 🇷🇴 starting today! Welcome to our team!" That is how the Romanian Chess Federation has announced the top Hungarian chess player, Richárd Rapport changing nationality and playing for Romania in the future. Regarding the background of the case, the popular Hungarian news site, telex.hu reports that the […]
More than a third of Hungarian adults have only enough savings for one month, according to research by K&H Bank. According to the survey, Hungarian adults aged between 30 and 59 have an average of seven months' worth of savings, but there is a wide variation. 36% of respondents said they could only cover one […]
The share index of the Budapest Stock Exchange (BSE) fell in rising turnover this week, closing at 41,941.27 points on Friday, down 3.23% on the previous week, or 1,402.11 points, the state news agency MTI reported Sunday morning, along with a short analysis. The weekly turnover of the stock market was HUF 58.03 billion%, down […]
For all major livestock species, the number of animals sent to slaughter fell in the first half of the year in Hungary, while exports and trade in general also decreased. In the first half of the year, 48,500 cattle were slaughtered, 5.5% fewer than in the same period last year. The decrease was 6.8% in […]
On Friday, 6,948 people entered Hungary at the Ukrainian-Hungarian border, while 11,493 of those entering at the Romanian-Hungarian border said they had come from Ukraine, the National Police Headquarters (ORFK) said. Of those who entered, police issued 218 people with temporary residence permits valid for 30 days. They will have to go to the office […]
In recent weeks, several swimming pools and spas have announced that they will suspend certain services and close their pools due to increased energy costs. The decision is a difficult one, as operators have to weigh up whether the loss of revenue from a fall in guest numbers is greater than the increase in overheads. […]
David Pressman, the diplomat nominated to head the U.S. Embassy in Budapest, arrived in the Hungarian capital Friday morning. “These are complicated times, and in complicated times, it is more important than ever for friends to pull each other closer. The United States is a friend of Hungary and of the Hungarian people,” he told […]
An investment of EUR 49 million at its site in the village of Bugyi, located near Budapest, is set to boost the growth of electric installation manufacturer OBO Bettermann. The German company that celebrates 110 years of operation will build a new surface treatment plant, expand its logistics capacity, and create 100 new jobs as […]
The National Bank of Hungary raised borrowing costs to an 18-year high this week, taking the European Union’s highest interest rate to 11.75%. Policy makers vowed to tighten monetary conditions further, in contrast with other central banks in the region. The Monetary Policy Council of the National Bank of Hungary delivered yet another massive interest […]
Erste Bank has received regulatory approval to acquire the Hungarian subsidiary of Commerzbank. Migration preparations are already underway and the transaction is expected to be completed in the second half of 2022 with the integration of Commerzbank's Hungarian subsidiary, which will allow Erste to further expand its corporate business. According to a statement by Erste […]
The second cycle of the Program for the International Assessment of Adult Competencies (PIAAC), the most comprehensive international survey of adult skills, will start in Hungary on September 1, the Hungarian Central Statistical Office (KSH) has announced. The survey will examine the basic competences used in everyday life and work – reading comprehension, elementary reading, […]
