In the Management’s opinion, Q1 2021 results have massively confirmed ALTEO’s strategy along with the successful investment projects of the recent period. As results for 2020 also showed, the COVID pandemic still has only moderate impact on ALTEO’s profitability compared to other, more pro-cyclical sectors, thanks in part to the protective measures put in place […]
Huba Szeremley, one of Hungary's most successful winemakers, has died at the age of 81. Szeremley was once one of the richest Hungarians but in recent years he had to part with some of his fortune and became embroiled in a serious police case, various news sources report. Szeremley was a successful entrepreneur from the […]
Low-cost airline Wizz Air has announced this week its 43th base in Rome together with the biggest number of routes ever announced ny the airline at the same time. Wizz Air will base four Airbus A321neo aircraft at Rome Fiumicino airport in July 2021. The 32 new services to 19 countries announced this week will […]
The traditional sail launching ceremony opened the sailing season in Balatonfüred on Saturday, and this day also saw the start of the 878 Co. Grand Prix. The President of the Hungarian Sailing Federation, Zoltán Gerendy, said at the ceremony, which was held in a smaller circle than usual due to the coronavirus epidemic, that 164 […]
The National Bank of Hungary (Magyar Nemzeti Bank - MNB) will issue a HUF 10,000 silver collector coin and its non-ferrous metal version of HUF 2,000 named ‘XVI. UEFA Labdarúgó-Európa-bajnokság’ (16th UEFA Football European Championship) one month before the first game of the tournament to be held in Budapest. The collector coins were designed by […]
As expected, the volume of passenger traffic Ferenc Liszt International Airport is still just a fraction of what it used to be before the pandemic restrictions but it is growing - as is the number of airlines returning to the Hungarian capital, according to the latest Airport Bulletin. 64,861 passengers in AprilBudapest Airport handled 64 […]
The official number of fatalities related to the new coronavirus infection has fallen under 100 a day in the past week but with the 71 Thursday deaths reported Friday morning, the total number is now 29,041. This number per 100,000 people of the population puts Hungary among the worst-hit countries of the world. 1190 new […]
Hungary’s government submitted plans to Brussels on how the country would utilize more than 2,500 billion forints (EUR 7bn) distributed from the bloc’s recovery and resilience fund (RRF). The money can be spent on strategic development projects over the next six years. Earlier, the Cabinet indicated it would not make use of the EU’s credit […]
This year, non-profit organisations have again been given the opportunity to receive financial and professional support to implement their innovative ideas. The ICT service provider Invitech has launched its eleventh InnoMax Award, which continues to focus on sustainability, health, education and inclusion, but for the first time also includes support for digital education equipment. The […]
Desired Beauty, the first comprehensive exhibition in Hungary displaying close to one hundred masterpieces from the unrivalled Pre-Raphaelite collection of Tate Britain, is on view at the Hungarian National Gallery in Budapest from May 13 through August 22. The works of the Pre-Raphaelites, the artists of the most influential British art movement in the nineteenth […]
The consignment of Lynx armored infantry fighting vehicles purchased by the Hungarian army will be fitted with German Rheinmetall's StrikeShield active protection system, the state news agency MTI was informed this Thursday. "The so-called active protection system will provide the highest level of security available today for the Hungarian army's new armoured combat vehicles, government […]
Leier Hungária Ltd. is to carry out capacity expanding improvements at three of its Hungarian sites, Hajdúszoboszló, Pécs and Jánosháza. The total value of the investments is more than EUR 18.5 million. The company will create 20 new jobs as a result of the improvements while retaining the existing headcount of 1,021 people. Hungarian taxpayers […]
The Ambassador of Spain in Budapest has handed over the Cross of the Order of Isabel the Catholic granted by King Felipe VI of Spain to winemaker András Bacsó, the former director of the Tokaj Oremus Winery in Hungary. It was at the proposal of the Spanish Ambassador in Hungary, Anunciada Fernández de Córdova, that […]
As a result of border crossing restrictions and COVID-19 protection measures for commercial accommodation, domestic tourists spent 66% fewer tourism nights in commercial accommodation establishments (hotels, boarding houses, camping sites, bungalow complexes and community hostels) in Hungary compared to the same period of the previous year. International guests spent 74% fewer nights. The decrease in […]
In its monthly Transaction Number Estimate and Mortgage Forecast, the Hungarian real estate firm Duna House shows that in April 2021 13,511 property transactions were concluded and residential mortgage contracts worth HUF 92-93 billion were signed in the whole of Hungary. The report states that following the exceptional rally of Q1 2021 property market activity […]
