The National Bank of Hungary ended its quantitative easing program as policy makers vowed to pursue a “long” tightening cycle to combat soaring inflation. Hungary’s central bank brought its program of corporate and government bond purchases to an end as policy makers seek to tighten monetary conditions in the face of rampant inflation. Nevertheless, the […]
The European Investment Bank (EIB), the bank of the European Union, will provide EUR 300 million to the Ministry of Finance of Hungary to co-finance the Hungarian government’s national Home Renovation Program (with up to EUR 8,500 per household) to improve the energy efficiency of homes and reduce energy costs. The loan will support the […]
The volume of construction output in Hungary in October 2021 surpassed the previous year’s level by 14.5% according to raw data. Output was 19.7% higher in the construction of buildings and 9.7% larger in civil engineering compared to October of the pandemic year 2020. According to data published by the country's Central Statistical Office, in […]
As a result of the development of about EUR 88 million, the large aluminium and energy company Hydro will create 70 new jobs by building a foundry with a capacity of 90,000 tonnes next to its Hungarian pressing plant. Hungarian taxpayers contribute to the costs with about EUR seven million according to a government decision. […]
Naturally, the more of a country you see, the more you'll come to know it. This is why since my arrival in Hungary as Irish Ambassador in August 2019, I set myself the target of visiting at least one Hungarian region, town or city outside Budapest every month. While the COVID-19 pandemic has unfortunately curtailed […]
The Hungarian capital's Ferenc Liszt International Airport produced another passenger peak this November and November was the second strongest cargo month in the history of the airport. The November passenger number has exceeded the passenger traffic registered in October, which had set a record since the outbreak of the pandemic, as a total of 724,626 […]
The number of new infections in the previous 24 hours, 5,506, published on the coronavirus information page, is 1,931 more compared to previous day, while the number of new deaths registwered on Tuesday is 153 (42 less than on Monday). The total number of deaths, according to official figures is 37,232, one of the highest […]
EESZT, Hungary's e-health system, will be enhanced with a digital patient path management application, courtesy of Roche Hungary. With the application developed by the pharmaceutical company, patient care can be planned from primary care to specialist treatments, follow-up care and analysis of therapies. Digital Patient Pathway Management Application – or BetMen for short from the […]
Nilfisk is a global leader in the field of professional cleaning equipment and full cleaning systems. The company was founded 115 years ago on a vision of producing and selling products of the highest quality worldwide. In Hungary, Nilfisk has been present for two decades. Norbert Kalocsai, Managing Director of Nilfisk Production Ltd. explains to […]
Seven people died and four were injured when a van transporting illegal migrants crashed into a house in Mórahalom, in southern Hungary, late on Monday evening, police said. The van was fleeing from police when it crashed shortly before midnight in the town near the Hungarian-Serbian border, spokeswoman Szilvia Szabó said. The driver, who also […]
The President of the Republic of France, Emmanuel Macron paid a one-day visit to Budapest this Monday to attend a meeting with the prime ministers of the Visegrád Four (V4) Group. He also met held brief discussions with the Hungarian president and prime minister as well as opposition politicians, including the mayor of Budapest. At […]
VELUX, a Danish manufacturing company that specializes in roof windows, skylights, sun-tunnels and related accessories, has had its products available in Hungary since 1986 and it was also 35 years ago that the local VELUX firm (now VELUX Magyarország Kft.) was registered here. Explaining to Diplomacy&Trade, how the management – and the global company, which […]
Altogether 455 patients died of illness related to the new corovirus infection in Hungary over the weekend, while 16,017 new coronavirus infections were registered, the official government website koronavirus.gov.hu said on Monday. So far 6,190,822 people have received a first jab, while 5,893,531 have been fully vaccinated in this country. Altogether 3,005,109 Hungarians have received […]
The pedestrianized lower quay between the Parliament and the Margaret Bridge have been completed two weeks ahead of the final deadline. From Monday, December 13, a promenade on the József Antall Sr. embankment will be open to pedestrians, according to the Budapest Transport Center. The quays are being developed in several stages: this time, the […]
This year, Soft Flow – present in Hungary for almost three decades – celebrates five years of Danish ownership by FOSS, a global provider of high-tech analytical solutions used mainly in the agricultural and food industries. The company, headquartered in Pécs, southern Hungary, boasts the world's first fully automated multimycotoxin measuring instrument based on its […]
