The Hungarian government has declared an energy emergency and adopted a seven-point action plan, as part of which it will ensure gas and electricity prices limited by the cuts in the electricity and gas bills will only be applied only up to the average household consumption from August 1, this year, Gergely Gulyás, Minister of […]
Financing difficulties in the construction sector are compounded by late payments from long chains of subcontractors, especially to the micro and SME sector. In addition, only a fraction of these companies are creditworthy, which is why it is particularly important for them to obtain advances from customers, the National Federation of Hungarian Building Contractors (ÉVOSZ) […]
A total of 8,036 new cases of coronavirus infections have been confirmed nationwide in the past week, according to the latest information published on Wednesday by the related government portal. During the same week, 35 new coronavirus-related deaths were recorded. This means that the key figures have almost doubled in a week, with only 4,663 […]
The number of members and assets under management of the National Association of Voluntary Funds (ÖPOSZ) increased in the first quarter of this year compared to the previous year, the association said in a statement on Tuesday. Almost 31,000 people have joined the voluntary funds since March 2021. Of these, 24,000 joined health funds, bringing […]
6,768 people entered Hungary at the Ukrainian-Hungarian border on Saturday, while 6,380 of those entering the Romanian-Hungarian border said they had arrived from Ukraine, the National Police Headquarters (ORFK) told the state news agency MTI on Sunday. Of those who entered, the police issued 372 people with temporary residence permits valid for 30 days. They […]
The U.S. Treasury on Friday said it was moving to terminate a 1979 tax treaty with Hungary in the wake of Budapest's decision to block the European Union's implementation of a new, 15% global minimum tax, the Reuters news agency reported. A Treasury spokesperson waas quoted as saying that since Hungary lowered its corporate tax […]
In honor of the 110th anniversary of Milton Friedmann’s birth, the National Bank of Hungary will issue a silver collector coin with a face value of HUF 15,000, and its a non-ferrous version of HUF 2,000 on Monday, 11 July 2022. The collector coins come as the second piece in the series presenting Nobel Memorial […]
Heading a delegation, the Commander of the Hungarian Defense Forces, Lieutenant General Dr. Romulusz Ruszin-Szendi visited Ukraine this Friday at the invitation of the Ukrainian Chief of General Staff, Colonel General Valerii Zaluzhnyi, the Hungarian defense issues website honvedelem.hu reported this Friday morning. During the visit, the main topics of discussion between the army commanders […]
A weaker Forint means that foreigners can shop cheaper in Hungarian shops. The Hungarian currency (HUF) is sinking to new lows, with the euro crossing the 410 forint level on Wednesday and the dollar above HUF 400. The weakening forint could make shopping in Hungary cheaper for consumers from neighbouring eurozone countries, such as Slovakia. […]
The number of people hospitalized with the coronavirus has doubled in the past week. The number of infections also increased last week, with 1,600 more (4,663) infections than the previous week and more than double the number two weeks ago. In the past week, 14 patients have died. This compares to 21 in the previous […]
In September, Budapest Airport will launch its largest residential noise insulation program, featuring many services and a budget of around HUF 1.2 billion over three years. The aim of the program, which has been running for more than ten years and will be expanded from fall 2022, is to reduce the noise burden for people […]
In the first half of this year, 68,965 imported used cars were registered in Hungary, which is an increase of 9.8% compared to the 62,836 registered in the same period last year, JóAutók.hu [‘Good cars’] reported. In a statement to the state news agency MTI, Bertalan Halász, CEO of JóAutók.hu, pointed out that used car […]
There are no signs of a crisis on the labor market for the time being, but the wage pressure is so great due to inflation that HR departments are now citing this as the most pressing issue to address, Zoltán Karácsony, a job market expert at HR Portal, told the business news portal Világgazdaság [‘World […]
The expectations of real estate companies for price increases have weakened slightly, with half of respondents in the capital and two-thirds in rural areas expecting price rises; the price of second-hand housing may rise by 6% in the next year, while the price of new housing by almost 10%, according to a joint survey by […]
On Saturday, 6,724 people entered Hungary at the Ukrainian-Hungarian border, while 5,408 of those entering at the Romanian-Hungarian border said they had come from Ukraine, the National Police Headquarters (ORFK) told the state news agency MTI. Of those who entered, the police issued 313 people with temporary residence permits valid for 30 days. They will […]
