Local currencies used in parallel with the Hungarian Forint (HUF) are the tools of rural settlements to stimulate the local economy, keep money in place and keep jobs. Perhaps the most successful example of this today is the Bocskai Crown (BK) from Hajdúnánás. The mayor of the northeastern Hungarian town, Tibor Szólláth told the business […]
Magyar Telekom, the leading Hungarian telecommunications service provider has announced that – in the auction procedure for the entitlements of frequency use of the 900 MHz and the 1800 MHz frequency bands –, it has won the rights of use of 2×8 MHz in the 900 MHz band for HUF 18.48 billion and 2×20 MHz […]
The breakup of the Soviet Union in December 1991 brought to the surface a number of previously hidden ethnic conflicts. The one which was the bloodiest, and which received at that time the greatest attention in the outside world was the war in Chechnya. Later on, the Russian-Ukrainian conflict got into the limelight – primarily […]
2020 produced the second worst demographic result in 120 years in Hungary. A total of 139,549 Hungarians died – no such high number recorded for 21 years – and 9,946 more than a year earlier. The death toll really jumped last September. In 2020, 92,233 children were born and 139,549 people died according to preliminary […]
Hungary’s drug authority approved Russia’s Covid-19 vaccine, called Sputnik, making the nation the first EU member state to allow the use of the vaccine. The government of Prime Minister Viktor Orbán seeks to speed up the country’s exit from the coronavirus crisis by securing vaccines from Russia and China. Hungary’s drug authority granted emergency approval […]
The Institute of Advanced Studies Kőszeg (iASK) was established in 2015 with the aim of helping to navigate the complexities and uncertainties of this age, contributing to the formulation of solutions to pressing problems that require complex and interdisciplinary thinking, and developing a new vision and strategy for small city development. iASK was founded at […]
The acquired spectrum in the 900 MHz and 1800 MHz bands support faster mobile internet services and better voice quality in the long run. Vodafone Hungary says it has renewed its existing frequencies in the 900 MHz and 1800 MHz spectrum at the NMHH (National Media and Infocommunications Authority) spectrum auction, for a total cost […]
By Thursday, the new coronavirus infection (COVID-19) was detected in another 1,569 Hungarian citizens, thus increasing the official number of infected people identified in Hungary to 363,450. There were 93 deaths, mostly elderly, chronic patients, so, the number of deaths rose to 12,291. The number of people who recovered has also been steadily rising, standing […]
The total value of European investment in 2020 reached EUR 275 billion, which, although lower than the level of 331 billion a year earlier, is a good result amid the epidemic crisis. In Hungary, the decline in 2020 was 40%. Although this represents a 17% decrease from EUR 331 billion in 2019, sales in 2020 […]
The developments implemented at Ferenc Liszt International Airport have resulted in a clearly perceptible increase in service quality – this is the conclusion from the international passenger satisfaction survey (ASQ) carried out during the last quarter of 2020. As part of the survey, travelers rated the services used at the airport, based on 37 different […]
An important agreement between the European Union and the People's Republic of China was announced on December 30, 2020. After seven years of negotiations and presentation of arguments, the detailed fundamentals of the EU-China Comprehensive Agreement on Investment (CAI) were laid between the parties. The agreement aims to balance the investment environments and conditions in […]
The American Chamber of Commerce in Hungary (AmCham Hungary) has released its new Policy Agenda, the strategic guideline to the organization’s advocacy work for 2021-2025. A statement by AmCham says the Policy Agenda – the third publication of its kind since 2015 – elaborates on those areas where AmCham believes changes can and should be […]
The Net Zero Advisory Board has been formed in a uniquely wide collaboration with renowned experts, the primary goal of which is to promote and accelerate the process by which the Hungarian economy can become carbon neutral by 2050, thus taking an important step to stop climate change. The Advisory Board is a cross-sectoral collaboration […]
Hungary is one of the recipient countries in the latest Vodafone Foundation program to expand digital skills and education programs by funding local initiatives. Coinciding with the International Day of Education, Vodafone has announced an investment of EUR 20 million to expand Foundation digital skills and education programs by funding local initiatives in Albania, the […]
Although, the number of COVID-19 fatalities (56) was much lower in the past 24 hours than in the previous weeks, the official number of deaths related to the new coronavirus infection is now 12,024. The new coronavirus infection was detected in another 844 Hungarian citizens, increasing the official number of infected people identified in Hungary […]
