The overwhelming majority of Hungarian society rejects the government's plan to tackle the energy emergency by easing logging. This is according to a representative opinion poll commissioned by Greenpeace Hungary and conducted by Policy Solutions and ZRI Závecz Research. “The government's scandalous firewood decree of August 4 was cosmeticized by a subsequent ministerial order, but, […]
Most Central and Eastern Europe (CEE) economies have seen faster recoveries post COVID than Western EU economies, with Poland, Hungary, Romania and the Baltics being especially strong performers. However the global inflationary pressures, higher interest rates and supply chain issues, together with the possible recession in China, might impact CEE economies in the second half […]
More than 1,800 university students, doctoral students and over 700 young researchers have received funding for their research from the HUF 1.807 billion non-reimbursable EFOP co-funded by the European Union (EU), Hungary and the European Social Fund. Thanks to the successful applications, the winners were able to conduct research, publish papers and case studies in […]
In July, 114,448 Hungarian citizens were working in Austria, 980 more than a month earlier, the financial news site privatbankar.hu reported. This is a new historical record and a record in the sense that it was the second highest increase among the countries. Unsurprisingly, Ukraine leads the way with 1,147 new jobs, but that is […]
August marks the fourth month of steady deterioration in business and consumer expectations. According to the empirical survey conducted by GKI Economics Research Co. with the support of the EU, business expectations fell by around 13 points since April this year, while consumer expectations dropped by nearly 30 points, and the latter also fell most […]
In July 2022, 8,113 children were born and 10,320 people died in Hungary according to preliminary data. In the last twelve months, i.e. between August 2021 and July 2022, the number of births diminished by 1.2%, that of deaths by 8.8% and the number of marriages by 7.9% compared to the period one year earlier, […]
The presence of foreign nationals in the Hungarian real estate market has strengthened again, with 23% more foreigners investing in Hungarian property in 2021, according to Duna House data, which show that 2,716 applications for property purchase were submitted by non-EU nationals last year. An important factor is the deterioration of the value of the […]
The German family-owned Balluff Group has opened a new development office in Budapest, the third location in Hungary, following Veszprém and Csetény (both southwest of Budapest), where 10 highly skilled jobs will be created, the company told the state news agency MTI. According to the information, Balluff's management decided a year ago to expand its […]
The stock index of the Budapest Stock Exchange (BSE) rose on the week, closing at 43,343.38 points on Friday, up 352.91 points or 0.82% on the previous week, the state news agency MTI reported this Sunday morning along with a brief analysis. The weekly turnover of the stock market was HUF 34.48 billion, compared to […]
The traditional August 20th national holiday fireworks display – claimed by the Hungarian government to be the largest on the continent – that had been postponed a week ago by the government appointed operative board in charge of the event took place this Saturday evening. This time, the operative board that refused to wait for […]
In the midst of the current severe energy crisis, the member businesses of the Hungarian Trade Association (OKSZ) – distributors of all sectors, including food, drugstore, various industrial goods such as clothing, toys, furniture, technical and DIY – have been looking at how they can operate more cost-effectively than ever before, as the drastic increase […]
The average age of passenger cars in Hungary has set a new record, reaching 15 years in 2021 – a record not seen since 2000, according to data by the Central Statistical Office (KSH): the Hungarian car fleet closed the first half of this year at 15.2 years of average age. This result is partly […]
The newest section of the bicycle path connecting the capital with Lake Balaton between Székesfehérvár and Balatonakarattya has been opened. Thus, cyclists can reach the shores of Lake Balaton from Budapest by bicycle on the more than 100-kilometer-long road section. The new 27.4-kilometer-long section is reported to make it easier for people living in the […]
The National Center for Public Health (NNK) has confirmed two more cases of monkeypox in the 33rd week – from 15 to 21 August – bringing the total number of cases in Hungary to 64, the state news agency MTI reports. The NNK said on Friday that the general condition of the 22 and 31-year-old […]
Hungary’s currency, the forint, has brokern numerous negative records against the euro and the dollar in recent weeks. The trend in currency markets is similar across Central and Eastern Europe (CEE) due to the war in Ukraine and the related sanctions, the forint has staged the steepest fall in the region. What could put a […]
