The All for Hungary Movement demonstrated at Jászai Mari Square on the Pest side of the Margaret Bridge in Budapest on Saturday, the state news agency MTI reports. People gathered to protest against the recently announced government ‘austerity’ measures that run contrary to the election promises of the governing Fidesz party. On the social media […]
Following the government's Wednesday announcement on the modification of the capped price regulations, the solid fuel and building material depots were swamped by crowds not seen at this time of year for decades. They are taking coal and firewood, no matter what the price, the popular news site telex.hu reports. "In previous summers, the only […]
Budapest Mayor Gergely Karácsony has announced that the city is investing nearly HUF 4 billion in energy efficiency with support from the European Union. The mayor says the available resources will be used to completely renovate heat exchanges, install new pipeline sections, connect new consumers to district heating, upgrade district heating pipeline sections, replace hot […]
The AutoWallis Group has set records in all its business segments in the first half of the year, with 60% of last year's total annual vehicle sales already achieved in the first six months of this year, the company informed the state news agency MTI on Friday. According to the statement, the group, which is […]
The aggregate production of solar power plants in Hungary exceeded 1,836 megawatts (MW) on Wednesday, 13 July, according to the Hungarian Independent Transmission Operator Co. Ltd. (Mavir). This means that large solar power plants accounted for almost 37% of total electricity consumption in Hungary. This is particularly important in the current energy emergency, as alternative […]
A joint survey by UniCredit Bank and SteiGen revealed how aware people in Hungary are of the concept of ESG and what sustainability means to them. The research also showed that 16% of the respondents attributed sustainability to the donation of consumer goods. People are keen to help others, but what factors influence their decisions […]
The Hungarian government declared an “energy emergency,” citing the war in Ukraine and sanctions on Russia by the European Union as the primary reasons. Under the new system, there will be a ban on the export of fossil fuels and the system of government-imposed cap on household utility prices will be revamped. The government of […]
A jubilee event was held on Thursday in Kács, Borsod-Abaúj-Zemplén County, NE Hungary on the occasion of the 45th anniversary of the founding of the Bükk National Park. Tthe law establishing the Bükk National Park came into force on 1 January 1977. The national park was the third in the country to be established, and […]
45% of Hungarians are already having to give up some of their basic foodstuffs and household items because of price rises. Women, pensioners and people with primary education feel the effects of inflation the most, according to a survey conducted by Pulzus Research for the business news site Napi.hu. Inflation stood at 11.7% in June […]
The field of the 54th Kékszalag (‘Blue Ribbon’) Raiffeisen Grand Prix took off Thursday morning from Balatonfüred. According to the organizers, 516 boats have entered this year's race with more than 2,500 sailors on board. As the website of the race notes, 28 boat classes have delegated teams to the Blue Ribbon, with 16 catamarans […]
With the support from the European Union and the Hungarian government, Femtonics Ltd. has invested HUF 914.75 million to develop its COVID-19-specific ventilator and diagnostic manufacturing capacity in Kővágószőlős near Pécs, southern Hungary. In a statement to the state news agency MTI, the company says it received a conditional reimbursable grant of HUF 731.80 million […]
The Hungarian government has declared an energy emergency and adopted a seven-point action plan, as part of which it will ensure gas and electricity prices limited by the cuts in the electricity and gas bills will only be applied only up to the average household consumption from August 1, this year, Gergely Gulyás, Minister of […]
In May 2022, the volume of industrial production grew by 9.4% year-on-year. Based on working-day adjusted data production rose by 3.4%, the Hungarian Central Statistical Office reports. Compared to crude data, the significant difference is due to the fact that there were two more working days in May 2022 than in the same month of […]
Financing difficulties in the construction sector are compounded by late payments from long chains of subcontractors, especially to the micro and SME sector. In addition, only a fraction of these companies are creditworthy, which is why it is particularly important for them to obtain advances from customers, the National Federation of Hungarian Building Contractors (ÉVOSZ) […]
A total of 8,036 new cases of coronavirus infections have been confirmed nationwide in the past week, according to the latest information published on Wednesday by the related government portal. During the same week, 35 new coronavirus-related deaths were recorded. This means that the key figures have almost doubled in a week, with only 4,663 […]
