Hungary’s November government deficit broke an all-time record, boosted by a government spending spree to win re-election next spring. Economists fear that the upcoming general election will put the much-needed fiscal consolidation on hold. Hungary recorded an unprecedented monthly budget shortfall of HUF 1,009 billion in November, according to preliminary information published by the Ministry […]
The goal of this virtual exhibition, a joint project of the Hungarian National Museum and the Galerija Klovićevi Dvori (Zagreb), is to present the Croatian-Hungarian cultural and cultural-historical relations in a broad and illustrative context, thus strengthening the feeling of belonging together in the two nations. “Since our common heritage of 800 years is immense, […]
Last week marked two major milestones for Horizon Development’s Szervita Square Building. The premium project was acknowledged as the Best Mixed-Use Development in Hungary at the International Property Awards, and its LEED Platinum certification process also concluded successfully. According to a press release by Horizon Development, competing in a great pool of excellent mixed-use projects […]
South Korean electromobility firm EcoPro BM opens its first European factory unit in Debrecen, which is also the first location of the company outside Korea. The volume of the project is EUR 728 million. Thanks to the investment in manufacturing cathode material for lithium-ion batteries essential for electric vehicle batteries, about 631 new jobs will […]
In cooperation with the 10 Million Trees Foundation, the Budapest cab company Főtaxi continues its tree planting program, which has been running for several years, this time focusing on the busiest areas of Budapest. Under the professional guidance of the organization, mature, i.e. pre-grown, deciduous trees will be planted, which, once planted, will immediately contribute […]
The American global industrial software and engineering company Emerson has carried out a capacity-building investment in Eger, NE Hungary in order to meet automation needs for global customers. As a result of the project worth USD 14.7 million, a building of 10,500 square meters was constructed, which means new offices and additional production server units […]
Consumer prices were 7.4% higher on average in November 2021 than a year earlier. The last time the inflation was as high was in December 2007. The highest price rises over the last 12 months were measured for motor fuels as well as alcoholic beverages and tobacco. In one month, consumer prices increased by 0.7% on average, […]
The advanced vocational training in Drone Control and Drone Data Analysis will take place in the drone laboratory of the Digital Development Center, a joint venture of the Ministry of Innovation and Technology and Széchenyi István University in Győr, NW Hungary. The uniqueness of the course lies in the fact that students will learn not […]
Tata Consultancy Services, Asia's senior software development and service company, which has been present in Hungary for 20 years, will create 300 new jobs with typically high added value in Financial Analysis, Market Research and IT areas over the next two years in Budapest. Tata Consultancy Services (TCS) is the largest IT ventures of India, […]
224 patients died on Monday, bringing the total number of deaths in this country to 35,835, the official information site said on Tuesday morning. In the fourth wave, the number of daily deaths has never been so high. The last time more deaths were reported on a single day was on April 16. 4,311 new […]
János Kóbor, the Kossuth and Liszt Ferenc Prize-winning singer of the Hungarian rock band Omega, has died at the age of 78. The musician was hospitalized on November 9 with new coronavirus infection and had been under care there ever since, but his condition was long thought to be serious. Born and raised in Budapest, […]
OTP Bank Plc. has announced that OTP Bank signed an acquisition agreement with Alpha International Holdings Single Member S.A. on purchasing 100% shareholding ofAlpha Bank SH.A., the Albanian subsidiary of the Greek Alpha Bank S.A. The purchase price has been agreed at Euro 55 million. With a total asset-based market share of almost 5% in […]
In the past three days, another 489 patients have died with symptoms of COVID-19, according to the official government website koronavirus.gov.hu. Compared to a week ago, the number of deaths has increased slightly, with 460 deaths in those three days. The total number of deaths related to the new coronavirus infection in Hungary is now […]
Pistachio Fruit (Frutta di Pistacchio), a creation by Hungarian confectioner Ádám Fazekas, has fetched gold for best ice cream at an international competition held in Bologna, the organizers said. As hirado.hu quotes a report by the Hungarian state news agency MTI, Fazekas “blew away” the 11-member jury of experts with the taste and his video […]
The Budapest Stock Exchange (BSE) share index (BUX) fell in declining turnover this week, with the index 50 closing at 904.91 points on Friday, 56.34 points, 0.11% lower than a week ago, the Hungarian state news agency MTI reports. Turnover on the stock market was HUF 72.9 billion, down from HUF 94.6 billion last week, […]
