It has long been an important element of government policy to keep the price of certain goods and services low so that the bill is settled in a less visible way, the business news site napi.hu says. This has happened with utility and food prices, interest rates on loans and fuel prices. In the case […]
KIA continues to lead the electric vehicle market in Hungary this year, with a 12.3% share of the market, that is, with 321 vehicles sold in the first half of the year, but the market is expected to shrink significantly next year. Norbert Nagy, the South Korean brand's importer in Hungary and president of KIA […]
More restaurants are being forced to close down due to the economic crisis, rising overheads, rising prices for raw materials and labor shortages, and with prices rising, people are also being more careful about what they spend, resulting in a backlog of customers. As an example, the Új Sipos, a landmark restaurant in Budapest's 3rd […]
The turnover of Progress Étteremhálózat [‘Restaurant Network’] Ltd., which operates McDonald's restaurants in Hungary, was HUF 32.25 billion in the first six months of the year, a 38.3% year-on-year increase compared to the first half of last year, the company announced on the Budapest Stock Exchange (BSE) website. According to the half-year balance sheet report, […]
The Budapest Business School (BGE) has received HUF 1.329 billion in funding from the Széchenyi Plan Plus Program, for the development of digital tools, among other things. In a communiqué to the state news agency MTI on Thursday, the university said that the support is used between June this year and April 2026 – with […]
The consolidated sales revenue of the Rába Group in H1 of 2022 amounted to HUF 30.0 billion, which is an increase by 26.6% compared to the figure of HUF 23.7 billion reported for the base period of H1 of 2021. The operating result of the group during the current period amounted to HUF 750 million […]
The southern Hungarian city of Pécs hosts the European Regional Science Association (ERSA) congress ‘Disparities in a Digitalizing (Post-Covid) world – Networks, Entrepreneurship and Regional Development’ with a large variety of themes in entrepreneurship, social-economic, regional-urban economics, regional development, and regional policy topics like local governance and institutions. The Congress has also the ambition to […]
A total of 14,742 new infections were confirmed last week in Hungary, bringing the total number of infected persons identified since the beginning of the epidemic to 2,036,390, the related government website koronavirus.gov.hu reports among last week's aggregated data. The 108 deaths in the past week were mostly elderly, chronic patients, bringing the total number […]
The Hungarian currency dipped very low at times, but managed to recover somewhat against other currencies during the day. The forint (HUF) weakened against the major currencies in the early hours of Tuesday on the interbank foreign exchange market, while the Swiss franc and the US dollar were at historic highs during the day, the […]
The members of the 76th Hungarian police contingent to North Macedonia, who are taking part in a mission that is important not only for Hungary but also for the European Union, were seen off at the premises of the Hungarian Standby Police this Tuesday, police.hu reports. The mission in northern Macedonia is not within the […]
Karma, a Hungarian rescue dog, stood on the top step of the medal podium at the 1st FCI World Individual Rescue Dog Championships, held between 16-21 August in the northern Italian town of Provaglio d’Iseo, the news site 24.hu reports. As the National Directorate General of the Ministry of Civil Protection has announced on a […]
To mark the 10th anniversary of the founding of the Korean Cultural Center in Budapest, the Republic of Korea was the Guest of Honor at this year’s Festival of Folk Arts traditionally held around St. Stephen’s Day in the Buda Castle. At the country’s greatest festival of folk arts, Korean craftsmen presented their skills in […]
A commemoration ceremony was held at the stadium named after the world-famous Hungarian footballer Puskás Ferenc on Monday to mark the 20th anniversary of the naming ceremony of the Puskás Arena. At the event, Hungarian State Secretary for Sport, Ádám Schmidt, quoted Brazilian football star Pelé who had said that Puskás would have been the […]
Corvinus University has won a HUF 1.5 billion non-refundable EU grant, which will contribute to the digital developments of the Ménesi road campus, the revival of the university's online education system and the expansion and updating of digital teaching materials. According to the university's statement sent to the state news agency MTI on Monday, the […]
Tobacco processing has begun in the new preparation hall of Continental Tobacco Plc.'s tobacco factory in Sátoraljaújhely, NE Hungary, marking another milestone in the company's nearly HUF 10 billion investment, the company told the state news agency MTI on Monday. Continental Tobacco started the investment at the beginning of 2021, which includes the construction of […]
