The number of nights spent by domestic guests at commercial accommodation establishments (hotels, boarding houses, camping sites, bungalow complexes and community hostels) increased by 8.1% in July compared to the same month in 2020 but was 11% lower compared to July 2019, the corresponding month in the year before the outbreak of the pandemic. The […]
Hungary’s headline inflation picked up again in August, exceeding market expectations and bolstering the case for further interest rate increases. Analysts predict that the rate of inflation will remain above 5% in the coming months. After a remarkable slowdown in July, Hungarian inflation picked up at a quick pace in August. Consumer prices jumped an […]
Hungarian biochemist Katalin Karikó and fellow researcher Drew Weissman were this year's winners of the Breakthrough Prize, one of the most prestigious scientific awards with the largest prize money, USD three million. The recognition was, of course, earned for the mRNA research that enabled the rapid development of mRNA-based Covid vaccines. The Breakthrough Prize was […]
The program, launched in 2017, currently involves 49 secondary schools in Hungary and more than 2,000 schools across Europe. The Ambassador School program aims to raise awareness of Europe and European parliamentary democracy among young secondary school students. Through a variety of in-school and extra-curricular activities throughout the school year, students from participating schools can […]
Another three patients deceased as a result of the new coronavirus infection in Hungary, while the number of active infections and hospitalisations continue to rise. By Thursday, another 345 people had been diagnosed with the new coronavirusin Hungary, bringing the total number of confirmed cases to 814 409, according to official figures. The previous day, […]
2020 was also a special year for the Hungarian Investment Promotion Agency (HIPA). The organzation says that although operations were still normal at the beginning of the year, the pandemic that started in the spring brought about unprecedented challenges for both investors and the country at large. Despite the circumstances, HIPA contributed to the implementation […]
Consumer prices were 4.9% higher on average in August 2021 than a year earlier. Significant price rises were measured over the last 12 months for alcoholic beverages and tobacco as well as motor fuels. In one month, consumer prices were up by 0.2% on average, the Central Statistical Office reports. In 12 months, compared to […]
The series of developments began in 2019 at Ferenc Liszt International Airport has continued this year; more large-scale investments have been implemented during the first eight months of 2021 at Ferenc Liszt International Airport . That takes the total value of the developments carried out over the past two and a half years to nearly […]
The Clean Air Action Group would start to ban obsolete diesel cars from the capital as early as next year. The used car website Használtautó.hu looked at which cars could be affected by the proposal and how many of them are on the domestic market, including used car imports. The Clean Air Action Group's proposal […]
The first phase of the expansion of Unilever Hungary Ltd.'s household chemicals plant in Nyírbátor, NE Hungary, representing an investment of EUR 50 million, has been completed, during which two new production lines and a packaging hall were built. As a result of the development, 100 new jobs will be created in addition to the […]
Varian Medical Systems Hungary engaged in the medical technology sector has implemented radiotherapy technological development in Hungary and expanded its Research and Development centre in Budapest over the last three years. With the R&D project of a total cost of almost EUR 8.5 million, the company has created 30 new high value-added jobs. Hungarian taxpayers […]
Over the weekend, nine more patients died as a result of the new coronavirus infection, 648 new cases were found and the number of hospitalized people also rose in Hungary. In the last three days, 648 new cases of coronavirus infection have been detected, bringing the total number of identified infected people to 813,688 since […]
Huntsman Corporation, a US-based chemical company, implements the capacity increase in manufacturing polyurethane raw materials and special amines at its site in Pétfürdő. The amount of the investment exceeds HUF 10 billion, and the headcount is increased by 12 people by retaining the existing 131 employees. Huntsman Corporation is a manufacturer and distributor of differentiated […]
The stock index of the Budapest Stock Exchange (BSE) rose this week, closing at 52,255.11 points on Friday, up 2.32% on the previous week's close, or 1,186.31 points. Turnover on the stock market was HUF 51.151 billion, up from HUF 46.709 billion last week, with leading shares rising this week. In its weekly summary, Equilor […]
PannErgy Group reports that it has exceeded its plans and base period figures both in terms of the amount of heat sold, and EBITDA with optimum operations. In the business year of 2021, the PannErgy Group continued the implementation of its previously announced strategy on utilizing geothermal energy resources. In this context, the Company managed […]
