Consumer prices were 21.1% higher on average in October 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 2.0% on average, the Central Statistical Office reports. In 12 months, compared to […]
The Swiss Contribution Fund Framework Agreement for the second period, including national co-financing, has been signed with Hungary for the use of nearly HUF 40 billion in funding. The agreement, signed on Tuesday in Budapest, will enable the implementation of developments over the next ten years and will contribute to Hungary's economic growth, the catching-up […]
The real estate market in Hungary in 2022 presents a changing picture: after a strong first and a slightly softer second quarter, the segment closed its weakest quarter ever this year, thanks to a subdued first autumn month, according to the latest Duna House barometer published on the website of the Budapest Stock Exchange this […]
The international certification body Green Destinations has signed a cooperation agreement with Innotime Hungary Ltd., making international sustainable tourism certification available in Hungary. A statement by Innotime Hungary points out that from this fall, they are the Hungarian representation of the Green Destinations international organization, which brings together hundreds of destinations in more than sixty […]
The rental revenue for the first three quarters of 2022 reached EUR 11.59 million, and the pro forma net profit reached EUR 4.31 million, which is about 6% and 18% higher than the same period of the previous year respectively, according to the third quarter report published by the Budapest industrial park Graphisoft Park. The […]
Dozens of guests – diplomats and businesspeople – gathered at the 30-year-old Kempinski Hotel Corvinus Budapest on Monday evening for the latest 'The Club' event organized by Diplomacy&trade once again after a long hiatus due to the new coronavirus pandemic. On the 12th anniversary of the establishment of The Club, participants were greeted by Diplomacy&Trade […]
The Hungarian light bulbs and electronics manufacturer Tungsram's bankruptcy negotiations with creditors were unsuccessful, and the company will be liquidated, a Tungsram representative confirmed to the Hungarian news portal Mérce. Tamás Mehlhoffer, the company's PR and communications director, said that Eximbank, the largest creditor, did not accept Tungsram's debt settlement offer, "and their vote is […]
The trucking company Waberer's International's revenue in the third quarter of 2022 increased by 18.1% year-on-year to EUR 174.6 million, while in the first nine months of the year, the group's revenue was EUR 506.7 million, 15.1% higher than in the same period of 2021, the company said on Monday on the website of the […]
In September 2022, 917,000 guests spent 2.2 million tourism nights in commercial accommodation establishments (hotels, boarding houses, camping sites, bungalow complexes and community hostels) in Hungary. The number of guests rose by 3.8% and that of nights by 1.3% compared to the same period of the previous year, the Central Statistical Office (KSH) reports. Compared […]
Interactive educational lectures, exhibits and book presentations, concerts and craft activities were on offer this Sunday on the free family day of the Hungarian Museum of Natural History in Budapest. A child who collects stones today might become a famous geologist later on, while those who study the skeletons at the dinosaur stand might one […]
Toolstyle Szerszám- és Alkatrészgyártó Kft.[Tool and Spare Parts Production Ltd.], based in Miskolc, NE Hungary, has won EUR 119.26 million EU subsidies under the Széchenyi Plan Plus program, which will help it move towards robot-driven production, the company told the state news agency MTI. According to the statement, the HUF 238.5 million investment will be […]
The stock index of the Budapest Stock Exchange (BSE) increased on an upward trend in the just three trading days of the week, closing at 42,629.68 points on Friday, 1,575.97 points – or 3.84% – higher than a week earlier, the state news agency MTI reported Sunday morning along with a brief analysis. The weekly […]
High energy prices are further complicating the situation for Hungarian farmers: this year's weather means that the season will bring less income due to a smaller than average harvest, but this can be offset by higher storage costs, Vg.hu reports. Ferenc Ledó, head of the vegetable production sub-department of the National Chamber of Agriculture, told […]
Nearly 570,000 workers earn a guaranteed minimum wage of HUF 260,000 gross or less, which is nearly 20% of full-time employees, according to data from the Hungarian Central Statistical Office KSH). KSH has published its analysis of the second quarterly wage data. It shows that wages are growing fast in Hungary, but also that a […]
A ticket purchase system, which is used in other parts of the world, will first be tested in the Hungarian capital on the shuttle bus to the main airport. Budapest Transport Center (BKK), in cooperation with Mastercard, Monet+ and K&H, will start testing a technical solution that will make using public transport even faster and […]
