Vodafone Group has entered into heads of terms with 4iG Public Limited Company and Corvinus Zrt. in relation to the potential sale of 100% of Vodafone Magyarország Távközlési Plc. (Vodafone Hungary) for a total cash consideration equivalent to an enterprise value of HUF 715 bn (EUR 1.8 bn), according to a press statement by Vodafone. […]
Hungary started building up strategic stocks thirty years ago, and the country has had enough oil and oil products on stock for at least 90 days since 1998. The reserves have sometimes fallen a little below this level, but never as low as in August this year, when the government released very substantial quantities of […]
The stock index of the Budapest Stock Exchange (BSE) fell in the week, closing at 42,990.47 points on Friday, down 1.54% on a week ago, or 672.48 points, the state news agency MTI reported – along with an analysis on Sunday morning. The weekly turnover on the stock market was HUF 29.968 billion, compared to […]
On Saturday, 7,622 people entered Hungary at the Ukrainian-Hungarian border crossing, while 13,086 of those who entered the Romanian-Hungarian border crossing declared that they had come from Ukraine, the National Police Headquarters (ORFK) said. Of those who entered, police issued 378 people with temporary residence permits valid for 30 days. They will have to go […]
Tens of thousands of people watched this year's Flower Carnival in Debrecen, eastern Hungary, on Saturday: thirteen colorful flower floats marched through the city, including 1,200 dancers and musicians from various art groups, creating a fantastic atmosphere. The procession was opened by a floral composition representing the symbols of Hungarian statehood, the Holy Crown, the […]
The operative board responsible for the safe organization of the national holiday on August 20 decided to postpone the fireworks display due to the expected adverse weather conditions. According to the state news agency MTI, based on the latest comprehensive forecast of the National Meteorological Service and the situation assessment of fireworks and event organizers, […]
The national flag of Hungary was raised in the presence of President of the Republic Katalin Novák on Saturday morning in front of the Parliament building in Kossuth Lajos Square in Budapest, during the state holiday of 20 August, with military honors. The flag was raised to the sound of the Hungarian National Anthem by […]
Hungarians won five gold, seven silver and three bronze medals at the 36th European Aquatics Championships in Rome, Italy, finishing second on the medal table of pool swimming events behind the host country. 22-year-old Tokyo Olympic champion Kristóf Milák won the 100-meter and 200-meter individual butterfly events and was also member of the Hungarian team […]
The Municipality of Sopron and the Pan-European Picnic '89 Foundation held a commemorative event to mark the 33rd anniversary of the Pan-European Picnic and the border breakthrough in the Pan-European Picnic Memorial Park in Sopronpuszta, NW Hungary. The commemoration was addressed by Sopron Mayor Ciprián Farkas; the Head of the Konrad Adenauer Stiftung Hungary, Michael […]
The daily heat record in Hungary was broken again on Friday, with almost 40 degrees Celsius recorded in Bács-Kiskun county, the National Meteorological Service (OMSZ) reported. According to OMSZ, based on preliminary data, the national heat record for August 19 was broken with 39.6 degrees Celsius in Baja, south-central Hungary. The Budapest heat record was […]
By the end of July, 498,800 cars had changed hands on the used car market in Hungary, 5.8% more than a year earlier, and the more active than ever before turnover indicates that last year's record of 817,000 cars sold could be broken, JóAutók.hu [‘Good cars’] reported on Friday, based on data from Datahouse. The […]
Hungary is battling the worst drought in more than a century. Agricultural losses run into the billions of forints and experts warn that in the absence of focused measures, the country is set to become a forest-steppe by the end of the century. No special research is necessary to see that Hungary is currently on […]
The Hungarian Defense Forces are using military helicopters to help extinguish drought fires in several parts of the country. On Thursday, the so-called Bambi Bucket was also deployed in the Táborfalva and Pécs areas, the Ministry of Defense said on Thursday. Due to the high heat, undergrowth caught fire in the training area of Táborfalva […]
Demand for solar panels has increased significantly in the past two or three weeks, the president of the Hungarian Solar Panel Association, Ernő Kiss told the state news agency MTI on Thursday. The President said that in 2021, their member companies and other businesses installed solar systems and solar power plants in 35,000 households in […]
Residential property prices have risen sharply in all areas of Budapest's agglomeration in the first half of the year, with most settlements seeing a 30-40% increase in prices compared to last year's average price, the property agency Otthon Centrum says in an analysis based on its own data. The real estate brokerage network recalls that […]
