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Pacific Volcano Atmospheric Change Detected in Hungary

D&T
Jan 16, 2022

The atmospheric pressure change caused by the submarine volcanic eruption near Tonga was also felt in Hungary, the National Meteorological Service said this Sunday. It was in the late afternoon local time (early morning Hungarian time) on Saturday that a volcanic eruption occurred in the area of the Tonga Islands in the western Pacific Ocean, […]

Budapest Stock Exchange Index Up on the Week

D&T
Jan 16, 2022

The stock index of the Budapest Stock Exchange (BSE) rose on rising turnover this week, closing at 52,675.9 points on Friday, 719.16 points or 1.38% higher than a week ago. Turnover on the stock market was HUF 77.70 billion, up from 52.44 billion last week, with the leading shares, with the exception of Richter, gaining. […]

FAIRway Danube Project Concluded

D&T
Jan 15, 2022

The FAIRway Danube project, which was implemented by six Danube countries with a EUR 19 million grant from the European Network Facility (CEF), has been concluded. Hungary’s National Waterways Directorate (OVF) explained in a press release sent to the state news agency MTI that the project, which ran from 2015 to 2021, aimed to harmonize […]

PannErgy Heat Sales Up 5.6% Year-on-Year

D&T
Jan 14, 2022

PannErgy Plc. sold a record 599,490 gigajoules of heat in the fourth quarter of 2021, 5.6% more than a year earlier, the company told the state news agency MTI this Friday.  The production report noted, however, that fourth-quarter heat sales were about 3.4% below the quarterly target, mainly due to the Miskolc outage that occurred […]

HCL Technologies Acquires Hungarian Firm Starschema

D&T
Jan 14, 2022

HCL Technologies (HCL), a leading global technology company, signed a definitive agreement for the acquisition of Starschema, a leading provider of data engineering services, based in Budapest, Hungary. The strategic acquisition will bolster HCL’s capability in digital engineering – driven by data engineering – and increase its presence in Central and Eastern Europe. Starschema provides […]

Cybercrime is growing dynamically in Hungary

D&T
Jan 14, 2022

Hungarian businesses and individuals are not spared by the global rise in cybercrime. In a worrying development, artificial intelligence has now appeared in the arsenal of cyber criminals. Experts warn that vigilance and a highly professional IT system are indispensable if companies are to have a standing chance in this battle. The rise in cyber […]

HUF 600 Million Investment in Törökszentmiklós

D&T
Jan 13, 2022

Kunsági Mill Ltd. in Törökszentmiklós, E Hungary, has improved its milling technology, and a HUF 600 million investment has increased the company's wheat storage capacity by 10,000 tons, the company said in a statement sent to the state news agency MTI on Thursday. According to the information, the company won a non-refundable grant of almost […]

No. of Tourism Nights Still Down on Pre-Pandemic Basis

D&T
Jan 13, 2022

The number of nights spent by domestic guests at commercial accommodation establishments (hotels, boarding houses, camping sites, bungalow complexes and community hostels) in Hungary increased – mainly due to the low base caused by the introduction of pandemic restrictions – more than two-and-a-half-fold in November 2021 compared to the same month of 2020. However, it was 36% […]

Government Puts a Cap on the Price of Basic Food Items

D&T
Jan 12, 2022

The government has decided on a food price freeze, with the prices of six products to be fixed from February 1 at the same level as on October 15 last year, the prime minister announced on Wednesday. Viktor Orbán said following the cabinet meeting that the government had decided to intervene in the price of […]

MOL Acquires Filling Stations in Hungary and Slovenia

D&T
Jan 12, 2022

Hungarian oil and gas enterprise MOL Group has signed an agreement to acquire Normbenz Hungary Ltd, which operates 79 service stations in Hungary under the Lukoil brand. MOL has also signed an agreement with Grupa Lotos SA and PKN Orlen to acquire 417 service stations in Poland. The Lukoil agreement announced today follows an acquisition […]

Budapest International Circus Festival

D&T
Jan 12, 2022

Around a hundred artists from four continents will perform at the 14th Budapest International Circus Festival between January 12 to 17 at the Budapest Capital Circus. The event starts with a conference this Tuesday. Hungary will be the focus of the circus world for the next week, as Budapest hosts the most prestigious international circus […]

Hungarian Parliamentary Elections Set for April 3

D&T
Jan 11, 2022

President János Áder has called the parliamentary elections for April 3, 2022, which is the earliest possible date for the election to be held, according to the law. As the state news agency MTI reports, the deadlines related to the election are set by decree of the Minister of Justice after the election is set, […]

COVID-19: Number of Deaths Surpasses 40,000 in Hungary

D&T
Jan 11, 2022

69, mostly elderly, chronic patients died in the past 24 hours, bringing the total number of new coronavirus infection related deaths in Hungary to 40,016. The number of cured cases rose to 1,147,818 and the number of active infected cases to 113,160. 3,382 new infections have been confirmed, bringing the total number of identified infections […]

New Year Diplomatic Reception in Budapest

D&T
Jan 10, 2022

Relations between countries and dialog between nations cannot be based on lies or denial of the truth. That is according to Hungarian President János Áder, who received the members of the diplomatic corps at the Palace of Arts (Müpa) Budapest Monday evening. At the traditional opening ceremony of the diplomatic event, the head of state […]

Out-of-Control Prices Expected in the Election Year

D&T
Jan 10, 2022

Inflation hit a 14-year high at the end of last year and the government is embarking on a massive cash giveaway ahead of the election. And the result is in: the majority of Hungarians expect retail prices to go out of control in 2022, according to a representative survey by Pulzus Research. Last November, consumer […]

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