Compared to the low base of the previous year, the performance of interurban passenger transport increased strongly in the first quarter of this year, while that of freight transport decreased, but both fell short of the pre-pandemic level, the Hungarian Central Statistical Office (KSH) said in its evaluation of transport performance. Intercity passenger transport in […]
Equality and diversity are a top priority for the European Commission. To fight discrimination and push for more equal societies, the Commission has adopted a proactive approach, with targeted action plans and measures. Diversity Charters encourage organizations (NGOs, public bodies and private companies) to develop and implement diversity and inclusion policies and practices. In order […]
The Budapest Stock Exchange's (BSE) share index, the BUX, closed the week down 5.70% at 38,950.67 points, or 2,353.69 points, compared to last Friday, according to a summary published by the state news agency MTI Sunday morning. There were only four trading days during the week due to Pentecost, but even so, the drop in […]
The Hungarian Ministry of Technology and Industry announced on Saturday that Hungary is releasing part of the country's strategic petrol and diesel reserves to secure domestic fuel supplies, helping to address the situation caused by the longer-than-planned shutdown of ÖMV’s Schwechat oil refinery near Vienna. ÖMV will replenish the released strategic gasoline and diesel reserves […]
In their 2021 financial year, Intersnack Hungary Ltd. produced 10,600 tons of products for foreign markets, the company informed the state news agency MTI on Saturday. According to the statement, the market share of the flour-based products made in Győr in the Central and Eastern European region is 11%, which gives Intersnack a leading position […]
The number of tourism nights in Hungary grew nearly seven-fold compared to April 2021 and decreased by 28% compared to the same month of 2019, the Central Statistical Office reports. The number of nights spent by domestic guests at commercial accommodation establishments1 (hotels, boarding houses, camping sites, bungalow complexes and community hostels) increased – mainly […]
The Balaton Shipping Company (Bahart), which expects to break previous traffic records, has expanded its summer schedule, launched online ticketing, renewed its image and renovated its fleet for this summer season, according to the announcement at its shipping season launch press conference on Friday. CEO Gábor Veigl said that in the first five months of […]
Hungary's first ever diver training tank has been inaugurated in Baja, southern Hungary on the occasion of the third anniversary of a deadly boat collision, on the River Danube in Budapest, which took the lives of many South Korean tourists in 2019. On May 29, 2019, the Viking Sigyn cruise ship collided with the Hableány […]
Despite significant costs, achieving the climate target of zero emissions by 2050 may prove a competitive advantage for Hungary, according to a recent study by McKinsey. The analysis outlines a path that will have a clear positive impact not only on climate protection objectives, but also on economic growth, job creation, energy independence and Hungary's […]
The Weerts Group is a Belgian family-owned business headquartered in Liège with operations also in four other European countries, including Hungary where the Group first appeared in the year 2000. The Weerts Group was established before 1945 as an agricultural transport company with one truck driven by Hubert Weerts operating in and around Teuven, a […]
The traditional Book Week in Hungary celebrates its 93rd anniversary this year. In 176 book pavilions, 182 exhibitors offer their books between June 9 and 12 and the program also includes book launches and signings. “After a long period of discontinuity, we were able to meet in person at Vörösmarty Square and the Danube embankment […]
The Embassy of the Republic of Slovenia held a diplomatic reception in Budapest this Thursday to celebrate Slovenia’s Statehood Day and the 31st anniversary of the country's independence. Hundreds of people, including members of the diplomatic community in Budapest and others, gathered in the Museum of Military History in the Buda Castle in Budapest at […]
Low-cost airline Wizz Air closed the 2021/2022 financial year ending March this year with a loss of EUR 642.5 million, up from EUR 576 million in the previous year, while its revenue more than doubled to EUR 1.66 billion from EUR 739 million in the previous year, according to a report published on the company's […]
Magyar Telekom will be the first company in the Hungarian corporate sector to test the four-day working week as part of a pilot project, the company announced in a statement this Thursday. The large-scale experiment, which will run for four months with the involvement of several departments, is primarily aimed at gathering experience and information. […]
Shortage of raw materials has closely caught up with labor shortages among the factors hindering the operation of firms, with 26% of small and medium-sized enterprises (SMEs) struggling with the former and 33% with the latter in the first three months of this year, according to the first quarterly results of the K&H SME Confidence […]
