The changing economic situation is also affecting the real estate market. The Duna House Demand Index showed a steady decline in the second quarter of the year, with the number of transactions also lagging compared to the same period last year. However, price growth did not stop, and all price indices increased in nominal terms […]
The Atlas World Community – members who share the same E.S.C. values: Ethics, Sustainability and Creativity, in the business world – had the opportunity to meet this July. The 'Atlas Award' revelation took place at the Aranybástya restaurant in Budapest. The event, organized by the founder, ITL Group, to present the masterpiece created by the […]
The All for Hungary Movement demonstrated at Jászai Mari Square on the Pest side of the Margaret Bridge in Budapest on Saturday, the state news agency MTI reports. People gathered to protest against the recently announced government ‘austerity’ measures that run contrary to the election promises of the governing Fidesz party. On the social media […]
Following the government's Wednesday announcement on the modification of the capped price regulations, the solid fuel and building material depots were swamped by crowds not seen at this time of year for decades. They are taking coal and firewood, no matter what the price, the popular news site telex.hu reports. "In previous summers, the only […]
Budapest Mayor Gergely Karácsony has announced that the city is investing nearly HUF 4 billion in energy efficiency with support from the European Union. The mayor says the available resources will be used to completely renovate heat exchanges, install new pipeline sections, connect new consumers to district heating, upgrade district heating pipeline sections, replace hot […]
A jubilee event was held on Thursday in Kács, Borsod-Abaúj-Zemplén County, NE Hungary on the occasion of the 45th anniversary of the founding of the Bükk National Park. Tthe law establishing the Bükk National Park came into force on 1 January 1977. The national park was the third in the country to be established, and […]
The field of the 54th Kékszalag (‘Blue Ribbon’) Raiffeisen Grand Prix took off Thursday morning from Balatonfüred. According to the organizers, 516 boats have entered this year's race with more than 2,500 sailors on board. As the website of the race notes, 28 boat classes have delegated teams to the Blue Ribbon, with 16 catamarans […]
With the support from the European Union and the Hungarian government, Femtonics Ltd. has invested HUF 914.75 million to develop its COVID-19-specific ventilator and diagnostic manufacturing capacity in Kővágószőlős near Pécs, southern Hungary. In a statement to the state news agency MTI, the company says it received a conditional reimbursable grant of HUF 731.80 million […]
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 […]
