The expectations of real estate companies for price increases have weakened slightly, with half of respondents in the capital and two-thirds in rural areas expecting price rises; the price of second-hand housing may rise by 6% in the next year, while the price of new housing by almost 10%, according to a joint survey by […]
The 19th FINA World Aquatics Championships completed in the Hungarian capital this Sunday after over two weeks of competition, in swimming, artistic swimming, open water swimming, diving and waterpolo. The medal table of the event was topped by the United States with Hungary finishing on the 10th place. 17 days of competition at the 19th […]
On Saturday, 6,724 people entered Hungary at the Ukrainian-Hungarian border, while 5,408 of those entering at the Romanian-Hungarian border said they had come from Ukraine, the National Police Headquarters (ORFK) told the state news agency MTI. Of those who entered, the police issued 313 people with temporary residence permits valid for 30 days. They will […]
The Budapest Stock Exchange (BSE) share index (BUX) fell on rising turnover this week, closing at 39,331.33 points on Friday, down 0.21% (81.41 points) on the previous week, the state news agency MTI reported Sunday morning. Turnover rose from HUF 38.25 billion the previous week to HUF 41.03 billion, with the leading shares weakening, with […]
The 176th main shipping season of the Balaton Shipping Company (Bahart) has begun this Saturday. The company awaits in 17 ports those who wish to sail and take excursions with renovated ships, renewed and extended timetable. According to a company statement sent to the state news agency MTI, the 58-day peak passenger season will see […]
Customer experience (CX) is one of the most important competitive advantages for companies today, but a significant number of Hungarian companies are still at a disadvantage in this area, the Hungarian Marketing Association told the state news agency MTI. According to a Hungarian survey of companies with more than 250 employees, customer experience is part […]
The CE Glass Group has expanded its plant in Szeged, SE Hungary by 5,400 square meters in two phases and almost doubled its capacity in the production of safety glass, the company informed the state news agency MTI. According to the statement, the glass company with centuries-old family roots, formerly known as Szilánk (‘Splinter’), moved […]
The MOME Mobility Design Lab, one of the most advanced vehicle design workshops in the region, was opened this Friday at the Moholy-Nagy University of Art and Design (MOME), in the presence of Mercedes-Benz Chief Designer Gorden Wagener. MOME aims to be the best and most exciting university in the Baltic to Balkan region, said […]
Magyar Telekom, the leading Hungarian telecommunications service provider, has announced that it has switched off its 3G network, which is no longer available anywhere as of today. The Company is also preparing for the needs of the future and will continue its multiyear network modernization program launched in 2020. The purpose of the modernization is […]
Internationally renowned research biologist Katalin Karikó, the Hungarian biochemist who played a significant role in developing the medical technology of mRNA-based vaccines with her discoveries, had been chosen as a recipient of an honorary doctorate by Eötvös Loránd University (ELTE) in Budapest. The awarding ceremony, followed by a scientific symposium honoring Katalin Karikó at the […]
The National Bank of Hungary delivered the biggest rate cut since 2008, surprising the markets with the size of the move. The monetary decision came after the forint weakened to levels never seen before. The Hungarian central bank raised the base interest rate by 185 basis points to 7.75% this week and policy makers aligned […]
OTP Bank is preparing a three-year green bond issue in euro, Global Capital reported. According to the portal, investors were sounded out on Wednesday and Thursday, and the bond is expected to be issued early next week. According to the plans, the bond would not be callable in the first two years of its maturity, […]
The onset of the summer season, the dynamic growth of post-Covid air traffic and the unprecedented staff shortage across Europe is creating huge challenges for airports across the continent. For weeks now, there have been reports of flight cancellations, delayed departures and arrivals, and ground handling disruptions. Thus, Budapest Airport, the management company of the […]
The Hungarian Economic Research Co. GKI has revised its growth forecast for 2022, it raised its GDP forecast to 3.5-4% from the previous 2.5-3%y, and lowered its GDP forecast for 2023 to between 2.5-3% from 3.5-4%. The change is a consequence of faster-than-expected growth in the first quarter and stronger-than-expected austerity measures and inflation rate, […]
Industrial producer prices increased by 32.3% on average in May 2022 compared to one year earlier. Domestic output prices were higher by 43.3%, non-domestic output prices grew by 26.7%, Hungary's Central Statistical Office reports. The rate of increase of prices was influenced principally by the hike in base material and energy prices and by the […]
