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Investors Dominate the Summer Property Market

D&T
Aug 14, 2022

The real estate market continues to be summer-like: with extreme holiday season and the changing economic and social environment have resulted in a strong drop in the number of transactions last seen in the epidemic-hit May 2020, according to the executive summary of the latest Duna House barometer. In July 2022, the property agency Duna […]

Nearly 20,000 People Arrived from Ukraine on Saturday

D&T
Aug 14, 2022

8,867 people entered Hungary on the Ukrainian-Hungarian border on Saturday, while 11,344 of those crossing the Romanian-Hungarian border said they had come from Ukraine, the Hungarian National Police Headquarters (ORFK) told the state news agency MTI on Sunday. Of those who entered, police issued 470 people with temporary residence permits valid for 30 days. They […]

The Town of Bük Goes Dog-Friendly

D&T
Aug 12, 2022

The popular western Hungarian spa town of Bük will turn into a real dog paradise after Nestlé Hungária's PURINA division launches the program ‘Dog-friendly Bük’ in cooperation with the local authorities and local entrepreneurs. A statement by the company says that in Hungary and globally, pets are gaining ground in tourism. More and more people […]

Hungary Free from Avian Influenza Again

D&T
Aug 11, 2022

Hungary is free of avian influenza once again, and there is no obligation to keep poultry indoors, the National Food Chain Safety Office (NÉBIH) said on its website on Thursday. According to the World Organization for Animal Health (WOAH), Hungary has regained its freedom from avian influenza, the statement is quoted by the state news […]

Wizz Air: 100,000 Free Tickets to Ukrainian Refugees

D&T
Aug 11, 2022

Low-cost airliner Wizz Air is offering another 100,000 free tickets to Ukrainian citizens on Wizz Air Hungary and Wizz Air UK flights, the airline told the Hungarian state news agency MTI on Thursday. Wizz Air is continuing its earlier initiative to offer free tickets for flights departing between September 15 and December 8, thus helping […]

Hospitality Recovery Could Continue, Says Analyst

D&T
Aug 11, 2022

The recovery of hospitality may continue in the coming months, supported by the strengthening of international tourism, which may also help the growth of gross domestic product (GDP) in the coming quarters, according to the tourism economic analysis of Gergely Suppan, senior analyst at Magyar Bankholding. The improvement in tourism will also support the balance […]

COVID-19: Number of Infections Down in Hungary

D&T
Aug 10, 2022

While in recent weeks, there had been reporting of a steep rise in the number of infections, last week's figures show the epidemic is slowing down again. Aggregated data published on the related government website koronavirus.gov.hu, 18,078 new infections have been confirmed as opposed to 21,840 new infections in the previous week; 80 patients have […]

The Most Trustworthy Profession in Hungary is Science

D&T
Aug 9, 2022

Hungarians consider scientists the most trustworthy and politicians the most untrustworthy of all professions, according to a global survey published recently by Ipsos. Across 28 countries around the world, a Global Country Average of 59% rate doctors as trustworthy, while 57% say the same about scientists, with teachers in third place at 52%. As in […]

Hungary Tops List of House Price Increases in Europe

D&T
Aug 8, 2022

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% […]

Judit Polgár, an International Chess Federation ICON

D&T
Aug 7, 2022

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, […]

Hungarians Do Not Expect Much from Their Employers

D&T
Aug 5, 2022

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 […]

Foodstuff Prices are up in Hungary by over 34%

D&T
Aug 5, 2022

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 […]

Digital Development: Hungary Still Lags Behind in EU

D&T
Aug 4, 2022

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 […]

COVID-19: Steep Rise in the Number of Newly Infected

D&T
Aug 3, 2022

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 […]

Number of Sales and Mortgage Loans Amounts Down

D&T
Aug 1, 2022

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 […]

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