Hungary’s budget deficit widened at an alarming pace in the first three months of 2021, prompting the Finance Ministry to modify the year-end target. Economists are concerned that the severeness of the pandemic will force the government to repeatedly review its forecasts for the year as the economic impact of the epidemic is set to […]
The volume of construction output in February 2021, based on raw data, was lower than the previous year’s level by 16.1%. Output decreased in both main groups of construction: in the construction of buildings by 16.7%, in civil engineering by 15.0%. In February 2021, compared to the same month of the previous year:– Output decreased […]
Törley Sparkling Wine Cellar can look back on a history of almost one and a half centuries. The company is not only the owner of a well-known historical Hungarian brand, but also enjoys a wide international reputation. Today, the company produces its quality wines and sparkling wines in its original factory as well as in […]
The Switzerland-based pharmaceutical company Roche is going to increase the number of its collaborators in positions creating high added value in its service center located in the Hungarian capital. The 250 new employees will provide support to the subsidiaries of Roche in 60 countries in the fields of finance, purchasing, HR and information technology. Roche […]
Hungarian-born biochemist Katalin Karikó overcame numerous professional setbacks before shooting to stardom as one of the inventors of the mRNA technology used in two Covid-19 vaccines. The scientist, who has been slated as a recipient of the Nobel Prize, talked to Diplomacy&Trade about her love for science, the outcome of the pandemic and the curing […]
Zwack is not only one of the most well-known Hungarian brands, but also one with a history of over two centuries, of which the last nearly 130 years have been associated with Hungary. Chairman of the Board of Directors at Zwack Unicum Plc., Sándor Zwack, explains how this great past of the company is cherished […]
In the last 24 hours, 285 people died, mostly elderly, chronic patients, so the official number of deaths related to the new coronavirus infection increased to 24,265, the government site koronavirus.gov.hu reports. By Wednesday morning, 3,597 new infections were identified in Hungary, increasing the number of infected people to a total of 731,675 since the […]
The High Velocity Center inaugurated by the Ford Motor Company, extending over a surface of 10,000 square meters in Biatorbágy, just SW of Budapest, will function as a distribution hub for supplying spare parts for the car dealers and service centers of the brand in 15 Central and Eastern European countries. Thanks to the investment, […]
The Hungarian oil and gas company MOL is not only one of the best-known Hungarian brands, but has been expanding in the region for a good quarter of a century, followed by the acquisition of positions in Asia and a role in the North Sea. Keeping up with the times, the company diversifies its operations […]
Bosch will establish its service center in Vecsés, just outside of Budapest, from where HR support will be provided for five East Central European countries as a first step. The investment will create 225 new jobs in the town and will be implemented by a spending of almost EUR 19 million, over a third of […]
Today, Spar Hungary sells a total of 3,600 own-brand products in its stores in 31 product categories in Hungary, and this year, the range will be further expanded, the store chain's communications manager, Márk Maczelka said on Monday. It is planned that 300 new own-brand products will be on the shelves, Márk Maczelka is quoted […]
One of the world’s fastest-growing beverage brands puts the capabilities of Hungary’s manufacturing in the international spotlight: HELL ENERGY. As of this February 1, its XIXO carbonated soft drinks are packaged solely in 100% recyclable aluminum cans, which can be recycled an infinite number of times. Established 15 years ago, family-owned HELL ENERGY has achieved […]
It could be Hungarian guests who boost tourism, which has seen a severe decline due to the epidemic. According to a recent survey, up to a million Hungarian tourists can visit the capital, but Lake Balaton can also be a popular destination. 71.7% of Hungarians plan to travel in 2021 in the event of the […]
The 4th edition of the bilingual TokajGuide debuted this week, presenting the wonders of the historic wine region in Hungarian and English, from the most exciting cellars to local gastronomy, events and from the most beautiful excursion destinations to the best accommodation. In the fresh volume, three more wineries have received star ratings, and in […]
Consumer prices were 3.7% higher on average in March 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 increased by 0.7% on average. Compared to March 2020, food prices were up by 2.7%, within which the […]
