Hungarian Prime Minister Viktor Orbán concluded extensive talks with Russian President Vladimir Putin in Moscow this week as tensions simmer between Russia and the West. The Hungarian premier stressed that proposed sanctions against Moscow would be “pointless” and offered that the gap between Russia’s “security demands” and NATO members’ willingness can be bridged. After nearly […]
The year 2022 started very well for the Rippl-Rónai Museum in Kaposvár, southern Hungary. The museum staff, together with museum-friendly volunteers, discovered a very special coin while exploring a new archaeological site. The coin, weighing 5.62 grams and struck in gold, was made in the Roman Empire in the mid-3rd century. The coin was minted […]
The Museum of Fine Arts in Budapest will soon present its "strongest ever line-up" featuring exhibitions by Bosch, Matisse and El Greco in 2022, the museum's director said on Thursday. The comprehensive revamp project of the museum building will be completed this year, the director, László Baán told a press conference. The Bosch exhibition opening […]
In December 2021, the volume of sales in retail trade increased by 6.7% according to raw data and by 6.2% when adjusted for calendar effects compared to the same period of the previous year, Hungary’s Central Statistical Office reports. Calendar-adjusted sales volumes rose by 2.7% in specialized and non-specialized food shops, by 8.7% in non-food […]
LogMeIn Inc., a developer of telecommuting and remote access software with annual sales exceeding USD 1.3 billion last year, will now operate as GoTo and plans to expand its workforce in Hungary by at least 20% this year, John Ford, GoTo's Hungarian managing director announced at a background meeting in Budapest on Wednesday. LogMeIn, which […]
Erste Bank Hungary has completed the first international bond auction in its history, issuing EUR 350 million worth of securities with a significant oversubscription of more than 40%, the financial institution informed the state news agency MTI on Wednesday. The statement said that the bonds, with a fixed interest rate of 1.25% per annum and […]
19 690 new infections have been confirmed in Hungary in the past 24 hours, bringing the total number of identified infections to 1,582,517 in this country since the start of the epidemic, the government information portal said. 77 patients have died over the past day, and thus, the official total number of deaths related to […]
When asked about future car purchases, 72% of Hungarian car buyers say they would choose either a hybrid or electric car. This figure is 44 points higher than the percentage of Hungarians who said they would buy a diesel or petrol vehicle (28%). More specifically, 37% would purchase a hybrid vehicle and 35% would opt […]
The real estate investment company S IMMO Hungary, which manages the property, will install more than 400 solar panels on top of the Blue Cube office building in the Hungarian capital. The company, which is also listed on the Austrian stock exchange, aims to minimize its ecological footprint, including the transformation of the Blue Cube […]
Online sales of food, household goods and drugstore products grew by almost 45% in Hungary in the first nine months of last year, and this sector grew fastest in online retail in 2021, according to a research by GKI Digital Online Retail Big Picture. According to the summary sent to the state news agency MTI, […]
More than 20,000 teachers have taken part in Monday's nationwide teachers' strike, which is "a celebration of democracy in education," the president of the Teachers' Trade Union (PSZ), Zsuzsa Szabó said in Budapest on Monday, the state news agency MTI reports. At a joint press conference with the Democratic Trade Union of Teachers (PDSZ), she […]
The British Secretary of State for Defence arrived in the the Hungarian capital for bilateral talks with his counterpart, the Hungarian Defence Minister Tibor Benkő, focusing on European Security and the ongoing threat of Russian military forces on the border of Ukraine. The Ministers laid wreaths at the Memorial Stone of the Unknown Soldier at […]
A total of 45,407 new infections have been confirmed in the past three days, bringing the total number of identified infections to 1,553,405 since the beginning of the outbreak, according to the government website koronavirus.gov.hu. The 176 people who died in the past three days were mostly elderly, chronic patients, bringing the total to 41,405. […]
The Budapest Stock Exchange (BSE) share index, the BUX, closed the week at 52,838.78 points, up 668.98 points or 1.28% from last Friday, on rising turnover, the state news agency MTI reported this Sunday. Total turnover rose to HUF 67.755 billion, compared with HUF 56.395 billion the previous week. The leading shares were mixed. The […]
The largest investment ever made by tyre distributor MARSO Ltd., the firm's logistics center in Dunaharaszti, was inaugurated this week. MARSO Ltd, one of the largest tire distributors in Hungary and owner of the MARSOPONT service network, has taken advantage of the positive economic effects and processes of the past years. Especially in the field […]
