October was the fastest growing month of 2019 in terms of guest arrivals and guest nights in Budapest, an analysis by the Budapest Festival and Tourism Center (BFTK) notes. Sales of commercial accommodation in Budapest were close to HUF 25 billion. For the first time in a long time, not only lodging revenues have increased […]
The Hungarian oil and gas company MOL Plc. has notified the market on the website of the Budapest Stock Exchange that the Supervisory Board of its Croatian subsidiary, INA granted its prior agreement this Friday for the Rijeka Refinery Residue Upgrade project and the INA Management Board unanimously approved the investment. The decision was supported […]
The Women's Tennis Association (WTA) has announced the Player Award Winners for 2019 and the recipients include Hungary's top female player, Tímea Babos who shares the Doubles Team of the Year title with France's Kristina Mladenovic. Their achievements this year included claiming back-to-back titles at the TEB BNP Paribas Istanbul Cup, followed by their second […]
Consumer prices were 3.4% higher on average in November 2019 than a year earlier. Significant price rises were measured over the past year for alcoholic beverages and tobacco as well as food, the country's Central Statistical Office reports. Food prices went up by 5.5% (including a 14.8% rise for pork prices), the price of other […]
Magyar Telekom, the leading Hungarian telecommunications service provider has announced that the its Board of Directors resolved to streamline its management structure by re-allocating the tasks and responsibilities of the Management Committee to the Chief Officers and to the Board of Directors of the Company with effect from January 1, 2020. Additionally, the Board of […]
The Hungarian air ticket portal repjegy.hu conducted a survey among the Hungarian public this fall, as to what destinations Hungarians would prefer to travel to. This is the fourth time this survey has asked tens of thousands of internet users: “If you could travel anywhere in the world, what place would you choose? Based on […]
The importance of 4G networks continued to grow in the second quarter of 2019 with over 95% of mobile Internet traffic and 17% of domestic call traffic already on 4G , showing an increase of 1.4 percentage points and 5 percentage points, respectively, compared to the end of 2018, says the latest mobile market report […]
On the occasion of the 30th anniversary of the establishment of diplomatic relations between the Republic of Korea and Hungary, Hungarian central bank (MNB) President György Matolcsy has received a delegation headed by his South Korean counterpart. A joint discussion was conducted about cooperation between the two institutions. No visit has been paid by representatives […]
Members of Hungarian Parliament have held a minute of silence to remember former MP János Horváth who died in Budapest last week in his 99th year of age. János Horváth was a member of the National Assembly between 1945 and 1947, and from 1998 to 2014. From 2003 to 2014, he was the oldest Speaker […]
Russia’s International Investment Bank, which relocated its headquarters to Budapest in April, expects its loan portfolio to exceed EUR 1 billion by the end of the year, executives of the bank said at a press conference. The bank’s loan portfolio expanded by 11% in the six months since moving to Hungary and the value of […]
On the fifth day of a joint operation of Hungarian and US special military units, a CV-22B Osprey type convertiplane of the US Air Force conducted a demonstration flight above the Hungarian capital this Tuesday. The Bell Boeing V-22 Osprey is a multi-mission, military aircraft capable of both vertical takeoff and landing. It is designed […]
Children planted crocus bulbs in front of the Dohány Street Synagogue in Budapest this Thursday. At the end of October, hundreds of thousands of students from 12 countries are planting flowers to commemorate the one and a half million children murdered in the Holocaust. The Hungarian program has begun with flower planting under the motto […]
Trucks loaded with food donations queued in central Budapest on World Food Day, in a bid to call attention to food waste and the importance of healthy diets. Beyond raising awareness, the joint action of FAO and the Hungarian Foodbank Association was also designed to help Hungarian families in need. In a bid to emphasize […]
The European Institute of Innovation and Technology (EIT) has announced this year’s winners of the prestigious EIT Awards. Michael Dittel, LeafTech (Germany), Marc Julien, Diabeloop (France), Matthew Dickson, CorPower Ocean (Sweden/United Kingdom), Sara Guimarães Gonçalves, Trigger.Systems (Portugal), and David Pistoni Perez, Zeleros (Spain), were awarded for innovations in the fields of climate, energy and health. […]
Organized by the Fridays For Future Hungary movement, thousands of young people took to the streets of the Hungarian capital in order to demonstrate for effective measures to combat climate change and to convince decision-makers that they should take responsibility for the future of planet Earth.
