Two months after the inauguration of the automotive electronics manufacturing plant in Debrecen, Vitesco Technologies, which was formed by the transformation of the Powertrain division of Continental, decided on yet another large-volume greenfield investment. With its investment of more than EUR 120 million, creating 450 new jobs, the company will double its manufacturing area. Through […]
The production stoppage due to a shortage of spare parts stretched over three weeks. From Monday this week, the Mercedes-Benz factory in Kecskemét, E Hungary, has resumed production, the business daily Világgazdaság reports. The newspaper reminds that the automotive company announced at the end of July that it would take a three-week break in production […]
The first Integrated Geodynamic Station of Hungary and Eastern Europe was inaugurated in Badacsonytördemic, at Lake Balaton in midwestern Hungary this Monday as reported by the website of the Eötvös Loránd Research Network (ELKH). The Budapest-based ELKH Research Institute of Geophysics and Space Science (FI), the Institute's MTA FI Lendület (‘Impetus’) Pannon LitH2Oscope Research Group […]
96 Afghan citizens who were threatened with reprisals following the Taliban takeover of Afghanistan and who had previously cooperated with Hungary and its allies and were evacuated from Afghanistan have arrived at a facility run by the National Directorate-General for Aliens Policing in Röszke, SE Hungary, the Interior Ministry told the Hungarian state news agency MTI […]
340 new infections were confirmed over this past long weekend, bringing the total number of identified infections to 811,121 in the country since the start of the outbreak. Six patients have died, bringing the total number of deaths to 30 052, according to the government website coronavirus.gov.hu. The business news site portfolio.hu reports that the […]
It can take up to a year and a half to sell an inherited property, according to the Duna House Barometer, with 17-18% of inherited properties in Budapest and the countryside sold in July, down from the same period last year. In rural areas, 25% of sellers put their inherited property up for sale, with […]
The stock index of the Budapest Stock Exchange (BSE), the BUX, ended the week at 51,696.55 points, up 2.62% or 1,317.90 points. Turnover rose from last week’s HUF 39.274 billion to HUF 63.381 billion. The rise was also significant because the BSE had one fewer trading day due to the national holiday. The leading shares […]
According to a recent survey by the Medián public opinion research institute, the majority of Hungarians do not want to leave the European Union and they do not only want to stay for the money received from the EU. The opinion of the Hungarian people has remained unchanged for many years: the vast majority – […]
The mechanical and navigational system and other equipment developed by a consortium of Balaton Dock Ltd. and Előny Ltd. with EU funding is already being put to good use in making the summer Balaton shipping season safer. The consortium won HUF 364 million in EU funding, for which it had to provide HUF 231 million […]
The national holiday of August 20 commemorates Hungary's first king, St. Stephen (ca. 975 –1038) and it is also the day of the foundation of Hungary. It is celebrated with programs all over the country. In the capital alone, twenty venues awaited visitors from Buda Castle to the City Park. The central event, the inauguration […]
The Ministry of Foreign Affairs of Japan has announced that the 2021 Foreign Minister's Award is conferred on Eötvös Loránd University on August 20, 2021. As a statement from the Japanese Embassy in Budapest says, Eötvös Loránd University (ELTE) is a prestigious university with a long history in Hungary. With its East Asia Institute, it […]
Hungary’s government stressed that it will not permit an unrestricted inflow of migrants from Afghanistan following the Taliban takeover of the country. Meanwhile, Hungary is planning an evacuation operation to bring the remaining Hungarians and Afghans, who aided Hungary out of the capital, Kabul. The Hungarian government will not allow Afghan migrants to enter the […]
The first semestrial turnover of ANY Security Printing Company was HUF 22.4 billion, with card-based documents sales of HUF 9.7 billion and export sales of 7.9 billion, according to the company’s mid-term report. Operations in the first half of 2020 were hit by the epidemic, lower base period figures reflect this fact, and the increase […]
The Hungarian government has approved the country's national space strategy, the Ministry of Foreign Affairs and Trade said on Thursday. Like most European countries, Hungary has laid out the cornerstones of its opportunities and directions of development in space research in a space strategy, the ministry told the state news agency MTI. The strategy envisions […]
Millions of passengers pass through the Hungarian capital’s Ferenc Liszt International Airport every year, but the high volume of traffic is not only characteristic of the terminals. The more than 1,500-hectare area can be an attractive environment for wild and stray animals. Budapest Airport therefore attaches the utmost importance to guaranteeing both aviation safety and […]
