The Hungarian oil and gas company MOL has discovered a significant amount of oil at a depth of 2,100 meters near Vecsés, just south of Budapest. MOL started exploratory drilling in the area in July, and after carrying out the necessary tests, it proved that it had discovered a previously unknown oil field, the company […]
A silver fir tree, about 18 meters tall, with a trunk diameter of 70 centimeters and weighing 6-8 tons, arrived at Kossuth Square in front of the Parliament on Monday from the village of Apc in Heves County. When the Kossuth Square was being renovated, the planners had already taken into account the placement of […]
The Hungarian tinsmith team has won a silver medal at the 28th World Championship of Young Roofers in Switzerland, the Hungarian Association of Building Insulators, Roofers, Tinsmiths and Carpenters (ÉMSZ) told the state news agency MTI. The Hungarian team of Norbert Vlkovszky and András Márk finished second, ahead of the German team. The world championship […]
On Saturday, 5,302 people entered Hungary crossing the Ukrainian-Hungarian border, while 4,557 of those entering at the Romanian-Hungarian border crossing declared that they had arrived from Ukraine, the National Police Headquarters (ORFK) informed the state news agency MTI on Sunday. Of those who entered, police issued 163 people with temporary residence permits valid for 30 […]
With a cosy Advent atmosphere, the smells, tastes, lights and heart-warming moments of the festive season, Advent Basilica, voted Europe's best Christmas fair for the second time last year, is back in 2022, the event’s website says. A 12-meter Christmas tree, light painting, a selfie point, an ice rink and nearly 120 quality craft and […]
The EU’s statistical office, Eurostat has published the inflation rankings in the European Union, which shows that in October, inflation was higher in only two countries than in Hungary, portfolio.hu reports. The annual inflation rate in Hungary was 21.9%, almost double the EU average of 11.5%. The lowest inflation was recorded in France in October, […]
Internet use is on the rise over the age of fifty, but TV is still the first, according to a statement on media consumption habits sent to the Hungarian state news agency MTI by the Communications Directorate of the National Media and Infocommunications Authority (NMHH) on Wednesday. The online presence of 50-75 year-olds has become […]
A total of 4,431 new infections were confirmed last week in Hungary (125 less than the number the number reported a week ago), bringing the total number of identified infections to 2,157,995 since the beginning of the epidemic, according to the related government website koronavirus.hu. The 73 patients who died last week (19 less than […]
The ice rink in the City Park in Budapest’s District 14 will open its doors to skaters at 9 a.m. on Thursday morning, November 17. According to the Budapest Sports Service Center, the opening week will be marked by a variety of activities for the lovers of the sport. On Thursday afternoon, the Hungarian Defense […]
With a score of 47.9 points, Hungary ranks 17th among the 27 European Union countries in the competitiveness ranking prepared by the National Bank of Hungary (MNB) – up one place but still slightly below the EU average. The Head of MNB's Competitiveness Department Ákos Szalai was of the view at Tuesday’s online press conference […]
With subdued demand, the housing market ended October as the weakest month this year in Hungary. The 8,326 sales estimated by the nationwide real estate network Duna House were down 9% on the previous month and 28% down compared to October 2021. Rising lending rates and concerns about the energy crisis have made more and […]
Hungary is among the top EU countries in terms of gross household savings, according to Eurostat, the European Union's Statistical Office. The gross saving rate of European households is the share of gross disposable income that people do not spend. In this respect, Hungary ranks high in the EU, the financial portal portfolio.hu reports, citing […]
Twenty-four trucks, each weighing 20 tons, tested the load-bearing capacity of the Chain Bridge in the Hungarian capital on Saturday; based on the primary data, the crossing passed the test well, and its renovation is still on schedule and within budget, Budapest Transport Center (BKK) has announced. According to the statement, the static and dynamic […]
Gross electricity consumption in Hungary decreased by 2.3% in September compared to the same period of the previous year, according to a September report published by the Hungarian Energy and Public Utility Regulatory Authority (MEKH) this Friday. Maximum system load was also 3.8% lower than in September last year. The development of domestic production was […]
The Hungarian construction material production company's sales increased by 9% in Q3 compared to the base period – in economic recession fears environment – driven by strong sales performance related to insulation products. A statement published on the website of the Budapest Stock Echange highlights that the impact of increased inventory levels at higher prices […]
