The Hungarian and Polish governments’ veto blocking the approval of the EU's long-term budget and coronavirus rescue package may have dire economic consequences, international credit rating agencies warned. If the standoff with Brussels drags on, it could have a negative effect on Hungary’s credit rating. Hungary and Poland followed through on their threat to block […]
The National Bank of Hungary (MNB) issues a silver collector coin with a face value of HUF 10,000 and its non-ferrous metal version of HUF 2,000 to honor the 125th anniversary of the Hungarian Olympic Committee’s foundation. MNB says the special silver collector coin with a gold-coated edge and its non-ferrous metal version pay homage […]
In a unique collaboration, the embassies of six countries and the Hungarian Business Council for Sustainable Development (BCSDH) have teamed up with the support of the Ministry of Innovation and Technology to help accelerate the transition to a carbon-neutral economy in Hungary by 2050, thus taking an important step to tackle climate change. The purpose […]
In the past 24 hours, 189 people died in Hungary due to the new coronavirus infection - most of them elderly, chronic patients, however, six victims were younger than 50, bringing the number of deaths to 5,513. Another 6,212 Hungarian citizens were diagnosed with the new coronavirus infection in the past 24 hours, increasing the […]
The Japanese Ministry of Foreign Affairs has announced that it recognizes the conductor of the Szolnok Symphony Orchestra, Izaki Masahiro with the 2020 Foreign Ministerial Award. A press release by the Japanese Embassy in Budapest highlights that after winning Hungarian Television's International Conducting Competition in Budapest in 1995, Izaki Masahiro achieved remarkable success both in […]
The Hungarian subsidiary of JYSK, an international department store chain with Scandinavian roots, handed over a donation of bedding to the Szent Ferenc Hospital in the Hungarian capital. Since the spring of this year, when the coronavirus epidemic took over the world, JYSK Hungary has repeatedly supported healthcare institutions with product donations to help patients […]
The number of daily deaths in the country has skyrocketed in the last 24 hours: 182 patients died, bringing the number of deaths to 5,324. The new coronavirus infection was detected in another 6,635 Hungarians, thus increasing the number of identified infections in Hungary to 231,844.7,693 coronavirus patients are cared for in hospital, 663 of […]
The first snow of the calendar winter fell in southwestern Hungary this Wednesday with more of this white cover expected in the region of the country's western border on Thursday. Snow has come to the area from the west to towns like Nagykanizsa (see picture) in Zala county. In its forecast, the National Meteorological Service […]
IBM Client Innovation Centre in Székesfehérvár, which provides IT services, server operation, system management and development, and cloud-based services, has decided to create 300 new jobs. The almost EUR 9.7 million investment to be realized by December 31, 2021 will be carried out while retaining the current number of employees. A report by the Hungarian […]
The official number of daily fatalities due to the new coronavirus infection has continued to rise in Hungary: 165 patients died in the past 24 hours, bringing the number of deaths to 5,142. The new coronavirus infection was detected in 4,136 new Hungarians, which increased the number of identified infections in Hungary to 225,209, according […]
The volume of gross domestic product went down by 4.6% in Hungary in the 3rd quarter of 2020 compared to the corresponding period of the previous year. According to seasonally and calendar adjusted and reconciled data the performance of the economy was 11.4% higher than in the previous quarter and 4.6% lower than in the corresponding […]
The supply of consumers was ensured during the heating period, as by the end of the storage period, more than 6.4 billion cubic meters of natural gas were available in the storage facilities, and on the last day of the autumn, on November 30, there were plenty of 6 billion cubic meters. However, a statement […]
GOOD DEED Bank has launched a national IT and smart device donation program for disadvantaged schools, teachers and students: more than two thousand devices will be donated to children and schools through charitable organizations in the Digital Accelerator Bar program. GOOD DEED Bank's Fast Track Lane program, created by the Board of the Hungarian Banking […]
Tesco's withdrawal from Poland is not an ominous sign, but rather a good opportunity for the Hungarian subsidiary to strengthen its regional role, Zsolt Pártos, CEO of Tesco Hungary, told the Hungarian daily paper Világgazdaság. He also talked about the fact that although Tesco closed stores, new doors opened in parallel. "It is not the […]
In the third quarter of 2020, Hungarian service exports and imports – calculated in euros – decreased by 33% and 31%, respectively, compared to the same period of the previous year. According to figures published by the country's Central Statistical Office, t he surplus was EUR 1,653 million, which is EUR 908 million less than in the […]
