At its meeting on June 23, 2020, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and lowered the central bank prime interest rate by 15 basis points to 0.75% with effect from June 24, 2020. In a press release, MNB says that its mandate in the […]
Michael Ignatieff has announced his intention to step down as Rector and President of Central European University (CEU) in July 2021, when his five-year term comes to a close, a communiqué by CEU says. The communiqué also states that Michael Ignatieff will continue to contribute to CEU as a university professor, in a chair newly […]
Hungary's electricity consumption has been growing steadily over the last ten years, reaching 45.7 terawatt hours last year after 45.4 terawatt hours the previous year, mainly due to the rapid spread of electricity-powered household and industrial technologies and digitization. The Hungarian Independent Transmission Operator Company Ltd. (MAVIR) also reports that last year, winter peak loads […]
The organizers of the Veszprém-Balaton European Capital of Culture project will be making film picnics, light and classical music programs, contemporary dance and literary events from mid-August, the program commissioner, Tibor Navracsics announced in Veszprém on Monday. Tibor Navracsics added that many events had been planned in preparation for this year's tourist season, but due […]
Upon successfully closing the transaction of taking over the only BMW dealership in the Slovenian capital, the Hungarian automotive group AutoWallis enters the country’s automotive retail market, thus strengthening its presence in the Central and Eastern European region. The Ljubljana BMW dealership, which is also the largest one in Slovenia, opened in 2006, and besides […]
The Embassy of India in Hungary celebrated the 6th International Day Of Yoga (June 21) this past Sunday. This year, the theme for the International Day of Yoga is ‘Yoga from Home’. Keeping the theme in mind, Embassy of India organized a series of events that will not just follow ‘social distancing’ but would also […]
Possibly the most popular figure in Hungary, widely respected and loved horticulturist György Bálint passed away this Sunday evening, just over a month before his 101st birthday. A gardening expert and former TV host, best known for Hungarians as 'Bálint gazda' (Master Bálint) did even in the last days of his life what he had […]
Following the change of regime, the Budapest Stock Exchange (BÉT) reopened its doors on June 21, 1990 with 41 founding members and a single listed share, that of the travel agency IBUSZ. The Hungarian stock exchange started operating on January 18, 1864 in Pest, at the headquarters of the Pest Lloyd Company on the bank […]
The country's first bicycle museum opened this Saturday in Balassagyarmat, northeast of Budapest. In the collection, visitors can follow the development history of bicycles, from the oldest foot-operated treadmills to modern racing bikes. Founder Miklós Olexa, president of the Ipoly Tour Association, which runs the museum, told the Hungarian news agency MTI that among the […]
Although the GKI economic sentiment index rose by a larger extent in June than in May, it eliminated only less than half of its April fall. The consumer confidence index rose to a greater extent in May and the business confidence one in June. According to the empirical survey conducted by the Hungarian Economic Research […]
Krisztián Kulcsár was elected President for another four years at the general assembly meeting of the Hungarian Olympic Committee this Saturday. The re-elected President, who has been in office since May 2017, was the only candidate. He received 103 supportive votes from the membership, and three delegates voted against him.Since the General Assembly unanimously amended […]
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 mark the 30th anniversary of the re-establishment of the Budapest Stock Exchange on June 21, 2020. As a successor of the first stock exchange in Hungary established over […]
As of June 18, EU and EEA citizens as well as Hungarians returning from these countries may enter Hungary without restrictions; UK citizens may only enter Hungary with separate permission. Based on the regulation ending the ‘state of danger’, from June 18, citizens of the European Union as well as those of Liechtenstein, Switzerland, Norway […]
The number of deaths related to the COVID-19 pandemic has not increased in the last 24 hours in Hungary. It remains at 568. The new coronavirus infection (COVID-19) was detected in only two more people in the country, thus increasing the number of infected people identified in Hungary to 4,081. The number of people who […]
UniCredit has entered into a COVID-19 support package offered by the European Investment Fund (EIF) allowing the bank to provide working capital loans to CEE SMEs and mid-caps guaranteed by the EIF at a rate of 80% (previously 50%) under simplified eligibility criteria. The new measures extend the application of the InnovFin guarantee also to […]
