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 […]
The Hungarian oild and gas company MOL has successfully closed the previously announced deal with Waldorf Production Limited (“Waldorf”) regarding the sale of its entire E&P portfolio in the United Kingdom. The company said in a statement that the divested offshore assets include MOL’s 20% stake in the Catcher field, a 50% stake in Scolty […]
The general level of trust in the construction industry among contractors in Hungary has improved slightly, but is still at a medium level, the CEO of Mapei Ltd., Béla Markovich said, at an online press conference presenting the results of this year's Construction Industry Confidence Index survey on Wednesday. This year's Construction Industry Confidence Index […]
In honour of Imre Kertész, the National Bank of Hungary (MNB) is issuing a silver collector coin with a face value of 7,500 forints and its non-ferrous metal version of 2,000 forints on the writer’s birthday to mark the 20th anniversary of his receiving the Nobel Prize. Imre Kertész (1929 -2016), Hungarian writer and translator, […]
The Swiss Contribution Fund Framework Agreement for the second period, including national co-financing, has been signed with Hungary for the use of nearly HUF 40 billion in funding. The agreement, signed on Tuesday in Budapest, will enable the implementation of developments over the next ten years and will contribute to Hungary's economic growth, the catching-up […]
The real estate market in Hungary in 2022 presents a changing picture: after a strong first and a slightly softer second quarter, the segment closed its weakest quarter ever this year, thanks to a subdued first autumn month, according to the latest Duna House barometer published on the website of the Budapest Stock Exchange this […]
The rental revenue for the first three quarters of 2022 reached EUR 11.59 million, and the pro forma net profit reached EUR 4.31 million, which is about 6% and 18% higher than the same period of the previous year respectively, according to the third quarter report published by the Budapest industrial park Graphisoft Park. The […]
