Over the past seven years, Hungary has seen the largest increase in house prices among EU countries, according to data published by Eurostat. In the first quarter of this year, the price of new dwellings rose by 19% year-on-year, while the price of second-hand dwellings increased by 20%, with prices up by 7.3 and 4.8% […]
Hungary's Judit Polgár, the strongest female chess player of all time, has received ICON award, given out by the International Chess Federation (FIDE) at its 'Year of the Woman in Chess Awards' gala as part of the 44th Chess Olympiad in Chennai, India. This was the first time that the FIDE ICON Award was presented, […]
A joint survey by UniCredit Bank and SteiGen investigated how aware people in Hungary are of the concept of ESG and what they expect from large companies in the field of sustainability. The responses revealed a surprising result: the majority of respondents still almost only associate environmental protection as an expectation for companies in this […]
Looking back over the past 12 months, it seems that Hungarian shops have been hit by price rises in several waves. The first jump came at the end of last year, when annualized inflation suddenly jumped from 1-2% to around 10%, then from 10% to 20% in February-March this year, and in July the increase […]
Hungary ranks 22nd out of the 27 EU Member States in the Digital Economy and Society Index (DESI) 2022. Over the last few years, it progressed in line with the EU, the latest DESI country report states. On Human capital, the country ranks 23rd, scoring 38 compared to the EU average of 46. 49% of […]
Last week, 21,840 new cases of coronavirus were identified in Hungary, 96 patients died, according to data published on Wednesday by the related government information portal. The number of people vaccinated was 6,413,971, of whom 6,200,631 were vaccinated for the second time, 3,889,453 for the third time and 320,083 for the fourth time. A total […]
The number of sales and the amount of mortgage loans for housing fell significantly in July, with the number of transactions down to 8,978 and the amount of contracts amounting to HUF 110 billion, the real estate brokerage Duna House said in an estimate posted on the Budapest Stock Exchange (BSE) website on Monday. The […]
The Hungarian government has decided to introduce another tax relief, Finance Minister Varga Mihály has announced. Companies can now pay tax in euros or US dollars. For companies whose income is received partly or entirely in foreign currency, the new rule could bring simplification. The option to pay is available to all companies. Administration will […]
Gergely Gulyás, Minister of the Prime Minister's Office, announced the decision a few minutes after 11:00 o’clock on Saturday morning at the government briefing, and shortly afterwards it was published in the Hungarian Gazette: from 12:00 o’clock on Saturday only private individuals, taxis and agricultural machinery are allowed to receive at the government-capped price of […]
From Monday August 1, Shell will "temporarily suspend" the operation of five of its petrol stations in Hungary, including two in Budapest. According to a statement issued by the company on Thursday, the decision was taken "in response to the challenges of the tight supply of raw materials in the fuel market at a regional […]
The Italian Cultural Institute of Budapest (Istituto Italiano di Cultura di Budapest - IIC) was founded in 1937 to develop cultural relations between Italy and Hungary. Its area of responsibility includes the entire territory of Hungary, it is an official body of the Italian state and has as its objective the promotion and dissemination of […]
The planned maintenance of Mol's Danube Refinery will start this weekend, and production should resume in September at the earliest. Some petrol stations may experience temporary outages. Therefore, the company asks motorists to fill up only as much as they need to ensure that everyone has enough fuel. The current maintenance will guarantee that the […]
14,402 new cases of coronavirus have been found in Hungary in the past week and 54 patients have died, bringing the total number of deaths to 46,790, the related government website coronavirus.gov.hu said in its weekly summary this Wednesday. The number of active infected people is 28,510, with 1,345 coronavirus patients currently in hospital (up […]
EU member countries – with Hungary being the only exception – have agreed on a gas emergency plan for this winter. The aim is to save 15% gas. However, the plan also provides for numerous exceptions. At a special meeting of the ministers responsible for energy on Tuesday in Brussels, the necessary majority for the […]
The average time spent by Hungarians in front of the television screen exceeding four hours per day is among the top in Europe, as is the fact that 91% of households have a traditional TV subscription, according to a survey by the National Media and Infocommunications Authority (NMHH). Providing the details to the state news […]
