At the initiative of the Golden Team Foundation (named after the Hungarian national soccer team that was one of the best in the world in the late 1940s and early 1950s), a monument was erected in honor of the Hungarian athletes who participated in the 1952 Olympics. The sculpture by Miklós Melocco is located in […]
Natural gas consumption fell by 22% in August compared to last year, the lowest level in the last eight years, the Hungarian Energy and Public Utility Regulatory Authority (MEKH) said on Tuesday in its latest report. They stressed that with the further increase in Serbian supplies, domestic storage facilities received 10% more gas in August […]
The average price of advertised cars increased to HUF 4.62 million in the third quarter of this year, while at the beginning of 2020 it was still HUF 2.5 million, and at the end of 2021 it was slightly above HUF 4.5 million, the used cars portal Használtautó.hu told the state news agency MTI on […]
Consumer prices were 20.1% higher on average in September 2022 than a year earlier. The highest price rises were measured for electricity, gas and other fuels as well as food over the last twelve months. In one month, consumer prices increased by 4.1% on average, the Central Statistical Office reported this Tuesday. In 12 months, […]
Alteo Energiaszolgáltató [Energy Service Provider] Plc. is launching a HUF 7.5 billion bond issue under its previously announced bond program; the funds raised will be used mainly to finance investments in energy projects, to achieve growth targets, for working capital needs and to build up reserves, the company announced on the Budapest Stock Exchange (BSE) […]
Energy has always been a major cost item for cinemas, but after this year's price hike, heating and electricity bills could take almost all of the revenue, according to Budapest Film Plc., which operates Corvin and five other art cinemas in Budapest. In 2021, the company will spend nearly HUF 47 million on electricity and […]
The value of Hungarian exports in EUR terms was 37% and that of Hungarian imports 41% larger in August 2022 than in the same period of the previous, pandemic year, the country’s Central Statistical Office reported this Monday. The balance of the external trade in goods deteriorated by EUR 582 million. Compared to the previous […]
Three thousand visitors and tens of thousands of online viewers were attracted to the 8th World Chess Festival on Saturday. The program included which attracted performers from 15 countries to the National Gallery, according to a Global Chess Festival statement issued on Monday. News of the chess celebration spread overseas, as the whole of New […]
Levente Szemerei and Eszter Csillag won the 37th Spar Budapest Marathon’s men’s and women’s race, respectively this Sunday. More than 17,000 people took part in the different events of the two-day running festival. Szemerei completed the 42.195 kilometers in 2:21:44 and Csillag in 2:59:16. In the men's race, Irishman Derek Crammond was second in 2:29:57, […]
Hungarian family-owned Caadex Ltd. in Mindszentgodisa, S Hungary, has decided to invest more than HUF 500 million in energy and equipment, the company informed the state news agency MTI. According to the statement of the Baranya County company, which is engaged in the production and trade of tin and steel products, the HUF 357 million […]
The stock index of the Budapest Stock Exchange (BSE) rose this week amid falling turnover, closing at 39,537.63 points on Friday, up 4.49% on the previous week, or 1,699.33 points, the state news agency MTI reported this Sunday morning along with a brief analysis. The weekly turnover on the stock market was HUF 30.3 billion, […]
The winner of the second edition of the Atlas Award is Dimitry Ljasuk, the founder of Pozitivo Digital Ltd., a creative company based in Budapest. Born in St. Petersburg, Russia to a Hungarian mother and a Ukrainian father, Dimitry Ljasuk has lived in Hungary from the age of one. He believes that today's modern man […]
Duna House Group’s closed Q3 with declining volumes compared to the record levels in the first two quarters, as an aggregate of three very different market factors. The performance of the Italian subsidiaries continues to be strong, only the significant seasonal impact of August lowered the volumes compared to H1 levels. Volumes declined moderately and […]
Switzerland-based leading auto part supplier SAG – Autonet Group opened its brand-new high-tech warehouse worth over EUR 50 million in Üllő, just south of Budapest. Offering vacancies for 130 future workers, the project will provide a highly automated storage space of 16,500 square meters that is bound to serve a number of regional markets. Hungarian […]
66% of Hungarian firms plan to cut back on IT upgrades due to the significant rise in energy prices, according to a joint survey by Association of Information Technology, Telecommunications and Electronics Enterprises (IVSZ) and the Macronome Institute. The association says that this result is also worrying because in order to maintain and increase the […]
