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UBM Group Reports Excellent Results

D&T
Mar 29, 2023

UBM Group, the largest animal feed manufacturer in Hungary, closed the first six months of the 2022/23 financial year with the best half-year in its nearly three-decade history. UBM, the only agro-industrial company listed on the Budapest Stock Exchange (BSE), generated sales revenue of HUF 122.67 billion and EBITDA of HUF 6.00 billion in the […]

Energy Saving Investments Planned by Hungarians

D&T
Mar 29, 2023

40% of Hungarian households are planning to invest in energy saving, with 10% more households planning to spend on energy efficiency upgrades in their homes since July last year, according to the latest representative research by Cofidis Hitel Monitor. The credit specialist company surveys domestic households' expectations regarding their financial situation on a quarterly basis. […]

Call for Applications to Support Women Entrepreneurs

D&T
Mar 28, 2023

Visa is launching its global ‘She's Next’ program to support women-led businesses in Hungary, Bence Sármay, regional manager of the digital payments service provider, announced in Budapest on Tuesday. Five Hungarian women entrepreneurs will each receive a HUF 2 million grant and one year of mentoring, Bence Sármay said. He added that applications can be […]

Three Quarters of Firms Plan to Raise Prices

D&T
Mar 28, 2023

Nearly three quarters of firms with 20 or more employees expect to raise prices in the near future. More than a third of the companies planning to raise prices expect a 6-10% increase, slightly more than a quarter of them expect an 11-15% increase, and a fifth of them expect a 1-5% increase. Presenting the […]

Parliament Votes in Favor of Finland Joining NATO

D&T
Mar 27, 2023

Hungarian Parliament was the last but one of NATO member states to give its assent to Finland's accession to NATO late on Monday afternoon, adopting the proposal to ratify Finland's application for NATO membership, which was submitted to Parliament more than eight months ago. Members of the Hungarian Parliament approved the law on the proclamation […]

Payment Fraud: People Not Careful Enough

D&T
Mar 27, 2023

People are aware of the methods of payment fraud, they are afraid of becoming victims of fraud, but they do not consciously protect themselves against it, according to a representative research commissioned by OTP Bank. Almost all respondents have heard of some form of banking fraud and 81% fear becoming a victim of cybercrime. Although […]

GKI Economic Sentiment Index Rose Markedly in March

D&T
Mar 27, 2023

Both business and consumer expectations improved significantly in March, with GKI’s economic sentiment index rising for the fifth month in a row. According to a survey conducted by GKI Economic Research Co. with the support of the EU, in the business sector expectations of industrial and service companies improved significantly, while expectations in construction and […]

New Permanent Exhibition at the Ferenczy Museum

D&T
Mar 26, 2023

The Ferenczy Museum Center's (FMC) new permanent exhibition, The Collection (1900-2022), has opened, featuring 122 years of works. The exhibition, which will be renewed from time to time, will be on display at the Ferenczy Museum in Szentendre, north of Budapest, until the end of March 2028. FMC Director Zoltán Prosek pointed out that the […]

BUX Index Rose on Falling Turnover This Week

D&T
Mar 26, 2023

The Budapest Stock Exchange (BSE) stock index rose in a week of falling turnover, closing at 41,818.92 points on Friday, 2.57% higher than a week earlier, MTI reported Sunday morning, along a with a brief analysis of the week. The weekly turnover of the stock market was HUF 46.88 billion, up from HUF 61.24 billion […]

Earth Hour 2023 in the Hungarian Capital

D&T
Mar 25, 2023

On Earth Hour, on the last Saturday evening of March each year, unessential lights are switched off for an hour and electrical appliances are turned off around the world. Budapest has also joined the intiative. The 60 minutes dedicated to the Earth is not only to symbolically turn off the lights in homes and cities, […]

31 New CAF Trams to Join the Budapest Fleet

D&T
Mar 25, 2023

Thanks to the sponsorship contract signed by the Budapest Transport Center (BKK) and the Prime Minister's Office, the capital's fleet will be expanded with 31 new modern, low-floor and air-conditioned CAF trams, in addition to the 20 trains ordered last October. In a statement sent to MTI, BKK said that under a government decision at […]

Collector Coins to Honor Hungarian Mathematicians

D&T
Mar 24, 2023

The National Bank of Hungary (MNB) continues the collector coin series presenting Wolf Prize-winning mathematicians of Hungarian origin and their work, launched in 2022. This year, two collector coins are scheduled to be issued on March 24, 2023, one in honor of Pál Erdős, who was awarded the Wolf Prize 40 years ago, and his […]

Workers Value Work-Life Balance More

D&T
Mar 24, 2023

According to an international survey, work-life balance is more important for employees in the long run than the possibility of career building, Profession.hu has reported to MTI. As the press release says, the Boston Consulting Group (BCG), in a global survey conducted this year with the involvement of Profession.hu, among others, examined the attitudes and […]

Smart Bench Playing Chopin and Liszt in the City Park

D&T
Mar 23, 2023

A music box playing the works of Fryderyk (Frédéric) Chopin and Ferenc Liszt, performed by pianist Gábor Farkas, was inaugurated this Thursday, the Day of Hungarian-Polish Friendship, in Budapest's Városliget (City Park). The piano was donated to Budapest by the Polish Institute to commemorate the world-famous composers of the two nations. The Ambassador of the […]

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