By Tuesday, the new coronavirus had been detected in 1,985 people, bringing the total number of people infected with the virus in Hungary to 1,230,385, according to official figures. 132 coronavirus patients have died and thus, the death toll of the epidemic has risen to 38.028. Tuesday is typically a lower day of the week […]
Indian-owned automotive supplier Motherson Group has invested around EUR 16 million to develop its Hungarian sites in Győr, Mosonmagyaróvár, Mosonszolnok and Túrkeve, and has expanded its Kecskemét plant with a new hall. More than a third of the investment will be covered by Hungarian taxpayers due to a government decision. The new hall, which was […]
Surpassing all previous Hungarian auction records, Tivadar Csontváry Kosztka's painting ‘Mysterious Island’ sold for HUF 460 million at the Judit Virág Gallery's auction in Budapest. The Mysterious Island, painted in 1903, is one of Csontváry's most mysterious works, the meaning of the title has still not been deciphered by art historians. The painting reached a […]
The data published Monday morning are a little better than a week ago, but they are only a sign that the fourth wave is slowly coming to an end. In the past three days, nearly 40,000 people have received their third vaccine in Hungary, and there were almost 18,000 more who have just had their […]
A HUF 996 million EU-funded research program on autoimmune diseases has been completed at the Biological Research Center of Szeged and the University of Szeged, the Center informed the state news agency MTI. The five-year project aimed to increase knowledge about autoimmune diseases using state-of-the-art technologies. The research investigated the mechanisms underlying the development or […]
The stock index of the Budapest Stock Exchange (BSE) fell this week, closing at 50,887.3 points on Friday, 189.31 points or 0.37% lower than a week ago, the state news agency MTI reports. Turnover on the stock market was HUF 60.85 billion, up from HUF 42.87 billion last week, with leading shares performing mixed. In […]
Budapest Airport Plc. has concluded its first ESG-based financing agreement, i.e. one that is responsible from an environmental, social and corporate governance perspective, which is unique among airports not only in the region, but also in Europe, a company press release says. The operator of Budapest Airport is fully committed to ensuring sustainable operations, and […]
Dutch-owned logistics service provider Raben Trans European Hungary Ltd. has opened two new warehouses with a total area of about 40,000 square meters in Pécs and Dunaharaszti, the company informed the Hungarian state news agency MTI. The Dunaharaszti-based company, which with the new developments now has a warehouse capacity of 70,000 square metres at five […]
MetMax Europe Plc., a metalworking company, has founded a new site in Töltéstava, NW Hungary. With a total investment of EUR 14.5 million retaining 132 jobs and creating 50 new ones, production equipment was purchased for the new plant and storage facilities of nearly 10,000 square meters. Anout one third of the investment costs are […]
As a result of the Kingdom of Saudi Arabia's successful cooperation with 15 Arab countries under the auspices of the Arab League Educational, Cultural and Scientific Organization (ALECSO), 'Arabic Calligraphy: knowledge, skills and practices' has today been officially inscribed on the UNESCO Representative List of the Intangible Cultural Heritage of Humanity, according to a press […]
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 […]
