Unlike in other countries, the government in Hungary ties - from time to time - the lifting of certain pandemic restrictions to the offical number of people inoculated with at least the first dose of any vaccine against the new coronavirus infection. Thus, the five million number means the further easing the regulations. As of […]
The Hungarian pharmaceutical Gedeon Richter Plc. has announced that the European Commission has granted approval for the marketing authorization of the novel combined oral contraceptive containing 15 mg estetrol and 3 mg drospirenone. This decision followed a positive opinion from the Committee for Medicinal Products for Human Use (“CHMP”) of the European Medicines Agency (“EMA”) […]
Hungary has taken over the Presidency of the Committee of Ministers of the Council of Europe from Germany during a video-conference meeting with representatives of the Organisation’s 47 member States. Heiko Maas, Federal Minister for Foreign Affairs of Germany, gave an overview of his country’s achievements during its Presidency. The new Chair of the Committee […]
Although Hungary’s economy contracted in the first quarter of 2021, analysts expect the country to return to growth throughout the year and predict a swift recovery from the malaise caused by the coronavirus epidemic. According to current market expectations, the nation could see GDP growth of around 6% this year. Hungarian economic output declined an […]
The interim management report of the Hungarian construction materials firm Masterplast Group for the first quarter of 2021 highlights that the company achieved the highest turnover and profit so far in the seasonally weakest first quarter. In a raw material market environment plagued by continuous price increases and supply disruptions, the Group's supply chain performed […]
Hungarian Sándor Puhl, voted four times as the world's best referee, has died at the age of 65, the Hungarian Football Federation (MLSZ) has reported. Born in 1955 in the northeastern Hungarian city of Miskolc, obtained his license in 1970, at the age of 15, and since 1982, he has officiated hundreds of matches in […]
The bike rental system, which is shared by five Slovak and four Hungarian municipalities, is in many ways a real breakthrough, with 85% of the costs paid for by the European Regional Development Fund. The bicycle rental system called KOMBIbike has been inaugurated in Tata, west of Budapest. In 2020, the National Bringapark Program saw […]
The Hungarian real estate development firm CORDIA INTERNATIONAL Plc., member of the Futureal Group, has published its Management Report for 2020, a year when the company managed to expand further. 2020 proved to be a challenging year and Cordia International ZRt’s business model was put to the test. On one hand, the VAT increase on […]
This year marks the 175th anniversary of boating on Lake Balaton shipping and the Balaton Shipping Company (BAHART) celebrates it with a year-long series of events. The series spans the whole year, with the slogan 'Tradition and Modernisation', expressing the commitment to preserving the values of the past and to achieving future goals. From 1 […]
Although it was awarded to her last December, it was only this week that Hungarian biochemist Katalin Karikó was able to receive the Public Media Person of the Year Award in person. The Board of Trustees of the Public Media (MTVA) awarded the recognition to the Szolnok-born research biologist and biochemist as the most modern […]
The National Bank of Hungary (Magyar Nemzeti Bank - MNB) has issued a non-ferrous metal collector coin of HUF 2,000 to honor the Hungarian Presidency of the Council of Europe. It is the second time Hungary has tended to the tasks of the presidency in the international organisation representing the protection of human rights, democracy […]
The Hungarian currency, the forint continued to strengthen on Tuesday, with the euro falling below HUF 350 on international currency markets. However, this position is still about 33% weaker than in the spring of 2010 when the Orbán government took power. The strengthening continued after the statement by Barnabás Virág, Vice Governor of the National […]
Kometa 99 Plc., one of Hungary's largest and most up-to-date pork processing companies, established a by-product processing plant in Kaposvár. Thanks to the project, the processing of slaughterhouse by-products generated during the company's core business will be ensured. The system with an investment of almost HUF 1.4 billion allows processing of up to 15,000 tons […]
The price subsidy tender for environmentally friendly electric cars has been launched again this year, and large family buyers choosing seven-seater models can get a discount of up to HUF 5 million on the purchase price. All this is likely to further stimulate the growing interest in electric cars, according to search statistics at the […]
Budapest Transport Center (BKK) has reached an agreement with the manufacturer of the CAF trams, so thanks to the contract amendment, it can use its option to call for another year. The transport operator will be able to modernize the capital's fleet with 51 trams and 48 trolleybuses under an earlier agreement with Solaris-Škoda. If […]
