Favorable construction demand, raw material supply constraints and price rises characterized the market in 2021, where the Masterplast Group, leveraging its stable supply chain, efficient inventory policy and strong market position, achieved an outstanding result, according to the 2021 annual report by the leading insulation material and construction industry product producer-distributor company in the Central […]
Bürkle Hungary Ltd.’s new machine manufacturing plant was inaugurated in Debrecen, E Hungary as a result of a EUR one million investment that is projected to create 20-30 new jobs. The Germany-based Robert Bürkle Group, a world leading specialist in surface technologies, can now produce on an area of over 5,000 sqm at its Hungarian […]
From May 11 to 13, the European Parliament and the European Film Academy will once again screen films nominated for the LUX Audience Prize, the renewed joint film prize of the European Parliament and the European Film Academy, at the Uránia National Film Theater in Budapest. The films, which reflect on important social issues, are […]
Tungsram will stop manufacturing traditional lighting products and will lay off 1,600 workers in several phases by the end of the year, the company told the state news agency MTI on Wednesday. According to the statement, the technological change is unavoidable, and the planned redundancies will mostly affect factory workers in all five factories. The […]
The European Commission on Wednesday initiated against Hungary a never-before-used procedure, the rule of law mechanism, that could see the Hungarian government stripped of funding for flouting democratic standards. As the Hungarian state news agency MTI reports, Johannes Hahn, the EU Commissioner for Budget and Administration, was authorized to send a written notification to Hungary […]
The Hungarian government has decided to extend the price restrictions on fuel and certain food products until July 1, PM Viktor Orbán announced this Wednesday. He said in a video on social media that the government had discussed the issue of fuel and food prices at its meeting on Wednesday. He stressed that prices are […]
The Hungarian oil and gas company MOL builds one of the largest capacity green hydrogen plants in Europe in Százhalombatta, just south of Budapest. This investment of EUR 22 million allows MOL to produce 1,600 tons of green hydrogen annually with the help of renewable electricity and enables about 25,000 tons of CO₂ saving. MOL […]
The winners of the 40th Hungarian Press Photography Competition were announced and the prizes handed over at the opening of the 40th Hungarian Press Photography Exhibition in Budapest on Tuesday. The Grand Prize of the National Association of Hungarian Journalists (MÚOSZ) for the most outstanding achievement was awarded to János Bődey (Telex news site) for […]
At its meeting on Tuesday, the Monetary Council of the National Bank of Hungary (MNB) raised the central bank base rate by 100 basis points to 5.40%, and increased the two sides of the interest rate corridor by the same extent. Previously, the board raised the key interest rate by 100 basis points to 4.40% […]
The Clean Air Action Group will distribute free air quality monitors to schools in Hungary. Their aim is to supplement data from the country's sparsely located official automatic monitoring stations with data collected close to the population, and to raise awareness of air pollution among students with the help of teachers. Air quality monitoring in […]
Commercial real estate in Europe, the Middle East and Africa withstood Russia’s invasion of Ukraine in the first quarter of the year, but future impacts are unclear. That is according to the latest Capital Markets snapshot for the region released by Colliers in Budapest this Monday. The report states that the first quarter of 2022 […]
In April, the economic sentiment index measured by the Budapest-based GKI Economic Research Co. jumped to its level in spring 2019, well before the COVID crisis. This level has only been reached in one month since the crisis, in October 2021. According to the empirical survey conducted by GKI Economic Research Co. with the support […]
Since Friday last week, 3,325 new cases of the new coronavirus infection have been confirmed in Hungary, with 53 fatalities over this period, according to the related government website koronavirus.gov.hu. The new cases bring the total number of identified infections to 1,894,278 since the beginning of the outbreak, while with the 53 patients, most of […]
The ‘March of the Living’ in memory of the victims of the Holocaust is also held in Budapest every year. This year's parade in the Hungarian capital took place on Sunday afternoon. Following two years of hiatus due to the new corovirus pandemic, thousands of people marched in the city on Holocaust memorial day to […]
BUX index, the stock index of the Budapest Stock Exchange (BSE) rose in the four-day week, closing at 43,176.64 points on Friday, up 177.25 points or 0.41% from a week ago, the state news agency MTI reported this Sunday morning. Turnover for the four-day trading week was HUF 55.71 billion, up from HUF 52.32 billion […]
