Toray Inaugurates HUF 127 Bn Battery Separator Film Plant Japanese-owned Toray Industries Hungary inaugurated a 127 billion forint (EUR 344.6m) battery separator film plant in Nyergesújfalu, on Thursday. The... 2022.04.01.
25% Meat Price Increase on the Horizon in Hungarian Stores If the war gets prolonged, the production prices of meat and dairy products are also expected to rise by 30-40... 2022.04.01.
MOL CEO: “As Long as Gasoline Price Cap Is in Place, There Will Be Tensions in Supply” "We are at home in this region, this is a responsibility, and shareholders must also take note of this," said... 2022.04.01.
EC Clears EUR 280 million Tourism Recovery Scheme in Hungary The European Commission on Wednesday said it approved a 280 million euro Hungarian investment scheme to support a sustainable recovery... 2022.03.31.
GDP Growth in 2021: Hungary Surpasses Portugal In 2021, Hungary's GDP per capita based on purchasing power parity grew by two percent relative to the EU average,... 2022.03.31.
FinMin: Russian Energy Supplies Can’t be Replaced Overnight Even those who demand that Hungary cut off its energy supply from Russia must admit that it is impossible to... 2022.03.30.
Govt to Spend Huf 200 Bn on Infrastructure, Science Parks at 20 Universities The government is ploughing 200 billion forints (EUR 539.0m) into the development of infrastructure and science parks at twenty universities... 2022.03.30.
Hungary’s Budget Deficit Reaches Record High amid Russia-Ukraine War The Orbán government accumulated a HUF 1,585 bn (EUR 4.3 bn) deficit in the month of February, Hungary’s biggest February,... 2022.03.30.
EIB Group Invests EUR 891 Million in Hungary in 2021 The European Investment Bank Group provided a total of 891 million euros to the Hungarian economy in 2021, a record... 2022.03.29.
Hungarian Pavilion at Dubai Expo Draws a Million Visitors The Hungarian pavilion at the 2020 World Expo in Dubai has attracted one million visitors since the fair opened in... 2022.03.29.
Inflation Likely to Rise Dramatically from May After the 2022 parliamentary elections, the lifting of the price cap on food and fuel would lead to a surge... 2022.03.29.
Budapest Airport Terminal 1 To Reopen in 2024 Terminal 1 at Budapest Airport, which was closed nine years ago, will open in 2024, according to plans, and remain... 2022.03.29.
Wages Grow by 13.7% in January Wages grew by an annual 13.7 percent in January, up from 9.7 percent in December, the fastest growth in 18... 2022.03.28.
TDK’s HUF 26 Bn Investment in Szombathely to Create 250 Jobs Japanese electronic car-parts manufacturer TDK is investing 26 billion forints (EUR 70.0m) into setting up a plant manufacturing sensors to... 2022.03.28.
Wizz Air Launches New Flights to Burgas, Corfu and Dortmund Hungarian-owned low-fare airline Wizz Air is launching three new services from June, the company said on Saturday. Planes will fly... 2022.03.27.
Central Bank Points to ‘Strong’ Influence of War on Economic Activity in Inflation Report The National Bank of Hungary (NBH) acknowledged the country's "dynamic" economic growth early in the year, following a record expansion... 2022.03.26.
Jobless Rate Falls to 3.8 pc in February Hungary's jobless rate was 3.8 percent in February, down from 4.2 percent in January and 4.5 percent in the same... 2022.03.26.
Govt Earmarks EUR 160 Million for Óbuda University Innovation Parks The government has allocated 57.5 billion forints (EUR 160m) to set up three science and innovation parks to be run... 2022.03.26.
Smaller Gas Station Owners Protest at Hungary’s Oil Company MOL On March 24, the Independent Petrol Stations Association (FBSZ) held a demonstration in front of the central building of the... 2022.03.25.
Almost Two Thirds of Sberbank Hungary’s Deposits Not Covered by Insurance After the Hungarian central bank revoked the activity license of Sberbank Hungary, the local branch of Russia's largest bank, the... 2022.03.25.
40-50% Price Hikes Soon to Come in Hungarian Restaurants? Price increases of 25-30% in Hungarian restaurants are very likely, but 40-50% hikes are also very much in the cards... 2022.03.25.
