After an unprecedented rise in April, the GKI economic sentiment index continued to as-cend in May and June, but most recently only within the statistical margin of error. This brings the index back to its level at the beginning of last year preceding the pandemic. According to a survey conducted by GKI Economic Reserarch Institute […]
On the occasion of the Victory Day of the Republic of Estonia, the country's ambassador to Hungary, Kristi Karelsohn hosted a garden partyin the garden of the Embassy in the Buda Hills this Tuesday. Attended by dozens of fellow ambassadors and other guests, the event was the first major diplomatic reception in Hungary after the […]
Euronet, a cash dispenser company that has been active mainly in city centers and near tourist destinations, has entered a new field: they are targeting settlements and neighbourhoods where cash has typically been scarce. With the rise of digitalisation and online banking, there are fewer and fewer bank branches and ATMs, but cash is still […]
The heat alert ordered by the National Medical Officer Cecília Müller has entered into force. According to the government decree, this is considered an exceptional weather situation and justifies the imposition of exceptional measures. According to the forecast of the National Meteorological Service, the heat will continue in the coming days, with a peak in […]
National Bank of Hungary (MNB) governor György Matolcsy said he believes the 5.9-percent-of-GDP deficit target in the 2022 budget is "a mistake" and could set the country up for "persistently high inflation." He wrote in an online column this Monday that "Parliament has approved the 2022 budget and its target for a 5.9-percent-of-GDP deficit. I […]
Cultural events await visitors in the ports of the Danube Bend, north of Budapest, for more than two months until the end of August. MAHART PassNave Passenger Shipping Ltd., in cooperation with the Ministry of Human Resources, is organizing the Danube Bend Arts Festival for the first time this year, which will offer a colourful […]
The Hungarian pharmaceutical firm Gedeon Richter Plc. announced this Monday that it signed a multi-party agreement to divest its wholesale operation to Grin-Farm S.R.L. and its retail operations to BIRIVOFARM S.R.L., both in the Republic of Moldova. Richter as a majority owner of both the wholesale and the retail operations is entitled to approximately 62% […]
A 100-kilogram Soviet aerial bomb was defused and another aerial bomb remnant was found by the Hungarian Armed Forces in the Danube near the Chain Bridge on Sunday morning. After retrieving the device found in the Danube riverbed, the bomb disposal team identified it as a 100-kilogram Soviet aerial bomb. The sharp nose fuse of […]
The Hungarian Energy and Public Utility Regulatory Authority (HEA) has published its report summarizing the preliminary energy statistics of last year. According to the report, Hungary continues to rely heavily on imports, but solar power generation has increased significantly. As the report points out, a significant part of Hungary's primary domestic energy use was provided […]
The heat warning ordered by the national chief medical officer has entered into force in Hungary. The measure is valid until midnight on Tuesday. Earlier, the National Center for Public Health (NNK) and the National Directorate General for Disaster Management (OKF) stressed in a joint statement that the high heat stresses the healthy body, it […]
From 19 June to 17 July, MÁV Hungarian Railways carries out priority maintenance on the Nyugati (Western) railway station track network, with its complete closure. During this period, no trains will arrive or depart from Nyugati. In addition to the previously announced changes, the railway company has taken additional measures to facilitate travel, with the […]
Artworks from seventeen countries were presented at the 7th International Triennial of Textile Art, which opened on Friday afternoon at the Szombathely Art Gallery. In the nationally announced wall and space textile category, there are 72 works on display, 36 in the textile design category, 92 miniature textiles in the international category as well as […]
LEGO Manufacturing is launching an investment in Nyíregyháza, which will enable even greater production capacity than before. The investment, with a total cost of almost EUR 148 million, will create 250 new jobs and result in a 50% increase in molded elements. The plant's production area will increase to 232,000 square meters. Construction work will […]
The European Union condemned a recently passed Hungarian law that bans the portrayal and the promotion of gender identity different from sex at birth, the change of sex and homosexuality to minors. Several thousand demonstrators took to the streets of Budapest to protest the law passed by Prime Minister Viktor Orbán’s ruling Fidesz party and […]
To honor the 750th anniversary of Győr, NW Hungary, becoming a royal town, the Magyar Nemzeti Bank is issuing a special non-ferrous metal collector coin of HUF 750 making a reference to the anniversary. With 40,000 pieces, an unusually high number of the coin will be minted. The coin was designed by sculptor Ferenc Lebó […]
