Industrial producer prices were 28.8% higher on average in Hungary in April 2022 than a year earlier. Domestic output prices were up by 42.6% and non-domestic output prices by 21.8%, the Central Statistical Office reported this Tuesday. The rate of increase of prices was influenced principally by growths in base material and energy prices as […]
TV viewing habits have changed significantly in recent years, with the entry of streaming services, which have shifted the way people watch TV from channel to program, according to a survey, and it has also changed where people watch TV, such as in their rooms, on the terrace or on the train. A research by […]
The epidemic is less of a barrier to holiday planning this year, financial constraint is more of concern; although a higher proportion of respondents are planning a holiday abroad than last year, the proportion of those planning a domestic trip of at least five days has not changed in a year, and the majority are […]
5,245 people crossed into Hungary directly from Ukraine on Sunday, while another 5,688 from Ukraine crossed from Romania. There were 11,503 refugees recorded on Saturday, the Hungarian state news agency MTI reported. According to the national police headquarters, 5,245 people crossed into Hungary directly from Ukraine on Sunday, while another 5,688 originally from Ukraine crossed […]
A memorial service was held on the third anniversary of the tragedy of the Hableány (‘Mermaid’) river cruise boat on Sunday in Budapest, at the memorial to the victims of the disaster at the Pest end of Margaret Bridge, where Péter András Sztáray, Minister of State for Security Policy of the Ministry of Foreign Affairs […]
It is already ten years that The Three Corners Hotels entered the Hungarian market, following previous 25 years of successful hotel operations at the Red Sea in Egypt. The acquisition of Hotel Art *** Superior, back in early 2013, was a milestone, and the company went steadily forward ever since. It is now operating three […]
The Budapest Stock Exchange's (BSE) share index, the BUX, closed at 38,644.57 points on Friday, down 7.50% or 3,134.91 points on the previous week. Although turnover rose from 68.31 billion forints the previous week to 132.69 billion forints, leading stocks weakened on the week, the state news agency MTI reported on Sunday morning. Equilor Investment […]
MÁV Hungarians Railways regularly organizes retro weekends where passengers can feel what the defining travel experience was like in the 1970s, ‘80s and ‘90s. This year's first retro weekend takes place in the Hatvan area, east of Budapest. In addition to the popular lines in the Lake Balaton area, new locations include lines around the […]
AutoWallis Group, present in 14 countries in the region, closed the first quarter with growth that far exceeded the market average and an exceptional improvement in efficiency. The Group’s net earnings increased more than five-fold to HUF 1.9 billion, its EBITDA more than doubled to HUF 3.1 billion, and its revenue increased by 18%. This […]
According to a recent survey by Scale Research, the subjective income situation, borrowing openness and savings expectations of the population have now sunk to the levels seen during the coronavirus epidemic, with the last two years of strengthening almost disappearing from the population's expectations, the portfolio.hu business news portal reports. This March, only 15% of […]
The Flanders Investment & Trade (FIT) representation office in Budapest has two main missions: assisting Flemish companies in their export activities to Hungary and attracting Hungarian potential investors to Flanders. As the head of the office, Trade & Investment Counsellor Szonja Bender, explains to Diplomacy&Trade, most of the Flemish companies who contact their office are […]
Technology for Smoke-Free Homes! – a unique national program to prevent fire damage and accidents in the home – has been launched in Hungary. The aim of the campaign is to raise public awareness of the problem of burning and smoke and their harmful consequences, while providing information, sensitization and technological tools to help prevent […]
In April 2022, 6,484 children were born and 10,852 people died in Hungary according to preliminary data published by the country’s Central Statistical Office. Data show that in the last twelve months, i.e. between May 2021 and April 2022, the number of births diminished by 2.7% and that of deaths by 6.7%, while the number […]
Hungary’s decision to levy extraordinary sectoral taxes is not the first time that Prime Minister Viktor Orbán resorts to unorthodox economic measures to prop up the budget. The announcement on Thursday triggered a selling wave on local financial markets, suggesting that investors are alarmed by the country’s return to economic unorthodoxy. Hungary will impose USD […]
The International Festival of Nature and Environment in Hungary opens on May 27, with more than a hundred films screened in four venues. The three-day event will feature a wide range of family and cultural activities, including scientific lectures, concerts, craft and film activities and exhibitions in the Royal Castle and its park in Gödöllő, […]
