The European Commission has sent a formal notification to the Hungarian government to launch the so-called conditionality mechanism, which links the disbursement of EU funds to the rule of law, European Commission President Ursula von der Leyen announced in Strasbourg on Tuesday at the European Parliament (EP) plenary session. As the Hungarian state news agency […]
101 patients have died, according to data from the official government site koronavirus.gov.hu website for the past four days, published on Tuesday morning. This brings the official number of deaths in Hungary to 45,611 since the start of the pandemic. During this period, 5,961 new infections have been confirmed, bringing the total number of identified […]
In February 2022, the volume of industrial production grew by 4.5% year-on-year in Hungary, the country’s Central Statistical Office reports. The working day adjusted index is equal to the non-adjusted one. According to seasonally and working-day adjusted data industrial output was 1.6% higher than in January 2022. The majority of the manufacturing subsections contributed to […]
Hungary’s parliamentary elections offered voters distinct alternatives and were well run, but while competitive, the process was marred by the pervasive overlapping of government and ruling coalition’s messaging that blurred the line between state and party, as well as by media bias and opaque campaign funding, international observers said in a statement this Monday. The […]
The Russian-Ukrainian war is also putting the construction industry in Hungary in a difficult situation, raising prices for domestic construction materials and making it impossible to import products, and slowing down construction work, according to the results of a recent sectoral economic survey. The President of the National Association of Construction Contractors (ÉVOSZ), László Koji, […]
The ruling Fidesz party won the Hungarian parliamentary elections this Sunday and is likely to retain a two-thirds majority in parliament with 53% of the votes. Among those congratulating PM Viktor Orbán were Russian President Vladimir Putin and Italian right-wing Liga party leader, Matteo Salvini. With over 98% of the votes counted in the single […]
The last two years have seen a surge in the popularity of online shopping. In a representative survey, eMAG, the online retailer, has found out who, what and why they buy on online marketplaces: 89% of the respondents spend at least a few times a year on marketplaces, and more than a third shop on […]
In Hungary, the car is still the most important means of mobility, two thirds of Hungarians cannot imagine their lives without it, a representative survey commissioned by Robert Bosch and conducted by Medián shows. As the financial news suite portfolio.hu reports, the just published survey that examined car ownership habits and attitudes towards electromobility shows […]
The stock index of the Budapest Stock Exchange (BSE) rose this week, closing at 45,034.79 points on Friday, up 1,051.41 points or 2.39% from a week ago. Turnover was 121.08 billion forints, up from HUF 92.09 billion the previous week, with the leading shares, with the exception of Richter, gaining, the state news agency MTI […]
Entitled 'Let it be over!', a civil solidarity demonstration was held in Budapest on Saturday for a free and independent Ukraine and against the "swing policy" of the Hungarian government. The demonstration, organized by the NGO 'One Million for a Free Ukraine', was held at the Pest end of the Elizabeth Bridge, on Szabad sajtó […]
Hungarians go to the polls this Sunday to elect a new parliament and decide whether to keep the government of Viktor Orbán in power or favor the united opposition headed by prime ministerial candidate Péter Márky-Zay. Most opinion polls forecast a close result. According to the Basic Law of Hungary, which went into force on […]
Rosenberger Group’s two Hungarian subsidiaries, Rosenberger Magyarország Elektronikai (‘Electronics’) Ltd. and Rosenberger Cabling Automotive Ltd., expand manufacturing capacity of automotive electronics and data transfer connectors with an over EUR 44 million investment in Hungary. The development to be carried out in three countryside locations, namely in Jászárokszállás, Jászberény and Nyírbátor, all in the eastern part […]
Hungary-based ultra-low-cost carrier Wizz Air has announced that due to the current situation and airspace closure in Ukraine and Moldova, all Wizz Air flights to/from Ukraine as well as to/from Russia are temporarily suspended until further notice. Wizz Air says they are continuously monitoring the situation and their team is actively working on providing travelers […]
The production unit of SK-Precíziós (‘Precision’) Ltd., formerly known as Schüssler Hungária Ltd., will be built with an investment of some EUR 6 million in Sárospatak to manufacture state-of-the-art CNC tooling systems. As a result, 29 new jobs are expected to be created. The German owners thus set up their first manufacturing plant outside Germany […]
According to preliminary data the deficit of the general government sector in 2021 was HUF 3,736 billion, 6.8% of GDP. The balance improved year-on-year by HUF 25 billion, or by 1.0 percentage points as a proportion of GDP. Hungary's Central Statistical Office reported the data to Eurostat, the Statistical Office of the EU, in compliance […]
