"It's time to say that a strong forint, not a weak one, is in the national interest", writes investment expert Viktor Zsiday in a post published this week, commenting on the weakening of the Hungarian currency HUF) in recent weeks. He is quoted by the business news site napi.hu as saying that it should be […]
The method of skill development worked out by the best female player in chess history, Judit Polgár, will be taught and used by teachers in Nagykanizsa, SW Hungary, and its region from September, who will be trained next week, courtesy of the multiple champion chess team of Nagykanizsa. Tamás Nádasi, president of the Tuxera Aquaprofit […]
The National Center for Public Health and the National Directorate General for Disaster Management of the Ministry of the Interior have issued a third-degree heat warning for Hungary between midnight on Monday, 27 June and midnight on Thursday, 30 June. National Medical Officer Cecília Müller made the decision based on the recommendation of the National […]
Unilever is to cease production at its plant in Röszke, SE Hungary, with 80% of the 190 workers affected by the planned group redundancies and 20% of them to be taken over by the new owner of the plant, Mezőker Ltd., Unilever said on Friday. All workers will be guaranteed a job until the beginning […]
In order to ensure customer service and the smooth operation of service stations, Mol, the operator of the largest gas station network in Hungary, has announced that from Friday, a maximum of 50 liters of fuel can be purchased at a normal pump at its filling stations instead of the previous 100 liters. The company […]
Hungary’s finance minister vetoed an EU directive on a global minimum corporate tax, leaving the outgoing French EU Presidency without its crown achievement. The move is seen as yet another front in Hungary’s standoff with the bloc. Hungarian Finance Minister Mihály Varga blocked a European Union initiative to implement a global minimum corporate tax rate […]
New format license plates will be introduced in Hungary from July 1, with the reason for the change being that the current character set would have run out in a few years at most, the Ministry of Technology and Industry (TIM) said. Its announcement explained that the new type of license plates will consist of […]
Not only Hungary but six additional regional markets will also be served by eMAG Logistic Ltd.’s brand-new logistics center to be erected in Dunaharaszti, south of Budapest, that is going to be the largest of its kind in the CEE. As a result of the HUF 35 billion investment that will create 213 jobs a […]
Neutrik Group, a world leader in the development, manufacturing, and distribution of electric, fiber optic and electronic connectivity solutions for the entertainment and live events industries, invests nearly EUR 10 million to set up a new assembly plant in Ózd, NE Hungary. Close to 40% of the investment costs are borne by Hungarian taxpayers as […]
Sustainability is becoming an increasingly important part of our lives, but few people are familiar with the concept of ESG, which measures corporate efforts to achieve this, according to research conducted jointly by UniCredit Bank and SteiGen. The survey showed that Hungarians still associate sustainability mostly with environmental protection and are less familiar with its […]
Lidl Hungary and the Hungarian Export Promotion Agency (HEPA) have signed a cooperation agreement to boost the export of domestic agricultural and food products on the EU single market and in foreign trade with third countries, the parties told the state news agency MTI on Wednesday. According to the statement, Lidl's aim is to ensure […]
In the current inflationary environment, 80% of Hungarians indicated that they are spending less to protect their current financial situation, with consumers cutting back on purchases of food and hygiene products in particular, the CEO of Magyar Cetelem Bank said at a press conference in Budapest on Wednesday, presenting the results of a survey conducted […]
The National Center for Public Health has released aggregated data for the past week. They show that 1,636 new infections were confirmed last week, about 20% more than in the previous week, bringing the total number of identified infections since the start of the outbreak in Hungary to 1,923,122. 32 deaths, nine more than in […]
WABERER’S INTERNATIONAL has announced on the website of the Budapest Stock Exchange that its Board of Directors of the Company has approved the signing of a sale and purchase agreement by WSZL Automotív Ltd. (member of Waberer's Group) with Sidbury Property Ltd. for the purchase of a 135,000 square meter plot of land in the […]
According to the Statistical Office of the European Union (Eurostat), Hungary is the second poorest country in the European Union. Hungarian household consumption is only 70% of the EU average – same as in Slovakia. Only Bulgaria is worse off. Eurostat notes that actual individual consumption (AIC) is a measure of material welfare of households. […]
