Extension of Food and Fuel Price Caps Also Has a Price As we have previously reported, Prime Minister Viktor Orbán announced the extension of the food and fuel price cap on... 2022.04.28.
Suzuki Hungary Confirms Diesel Probe The local unit of Japanese car maker Suzuki has confirmed that an investigation related to vehicles with diesel engines it... 2022.04.28.
Average Square Meter Prices in Budapest Exceed EUR 3,400 New figures released by real estate agency Otthon Centrum revealed that real estate prices in the Hungarian capital are surging.... 2022.04.27.
What is Behind Hungary’s Record Spike in Salaries? Hungarian monthly salaries increased by nearly a third in February compared to the same month of the previous year, according... 2022.04.27.
Hungary Central Bank Raises Base Rate by 100 bp Hungarian central bank rate-setters hiked the base rate by 100 basis points to 5.40 percent at their regular meeting on... 2022.04.27.
OTP Bank CEO: Gov’t Utility Price Cuts ‘Do No Good’ The Hungarian government’s utility price cuts are unsuitable, as people and businesses need to feel the burden of high energy... 2022.04.27.
Hungary Pays Six Times More for Russian Gas Than Country’s Residential Consumers Hungary purchased Russian gas at around six times what resindential consumers paid Hungarian state energy company MVM in February, according... 2022.04.26.
Average Gross Wages Up Almost 32% in February, says Central Statistical Office The average gross wage of full-time employees in February was 546,000 forints (EUR 1,470), 31.7 percent higher than the same... 2022.04.26.
Huge Wage Gaps: Only Budapest and Győr-Moson-Sopron Employees Earn above Country’s Net Average Wage Only Budapest and Győr-Moson-Sopron county residents earn above the national average net monthly wage. This means that 18 other counties... 2022.04.25.
Despite Record High Inflation in Hungary, Price Increase Still in Mid-range within EU Countries Although inflation in Hungary hit a 15-year-old record in March, 11 EU countries still saw a higher increase in prices,... 2022.04.22.
Procurement Authority Takes Steps to Reduce Single-Bid Procedures Hungary's public procurement authority on Thursday announced measures to reduce the share of procedures with a single bidder. From next... 2022.04.22.
German Store Chain “TEDi” Arrives in Hungary Hungary has opened a new chain of stores, German chain TEDi, Pénzcentrum reported. The chain is little known in Hungary,... 2022.04.22.
More Bird Flu Infections Detected in Southern Hungary Hungary's food safety authority (NÉBIH) has detected bird flu infections in poultry farms in Békés and Csongrád-Csanád counties, in southern... 2022.04.21.
Average Age of Cars in Hungary Now 15 Years Old In four years, the average age of cars on the road in Hungary has increased by a full year, reaching... 2022.04.21.
IMF Expects Best GDP Growth in Region for Hungary and Poland As recently as January, the International Monetary Fund (IMF) had assumed that the global economy would recover from the second... 2022.04.21.
Hungary Drops on EU List of Net Wage Growth in Euro over Last 12 Years In a euro-based comparison, Hungarian wages did not increase much over the last twelve years. In fact, Hungary slipped further... 2022.04.20.
Hungary Gets Another Delivery of Paks Fuel from Russia by Air Hungary has taken another delivery of fuel rods for the Paks nuclear power plant by air, Péter Szijjártó, the minister... 2022.04.20.
What Renewed M3 Metro Stations Will Look Like Once Completed The visual plans of the renovated stations of the M3 metro line have been published, which include elevators, renovated escalators,... 2022.04.20.
Orbán Gov’t’s Utility Price Cuts Already Huge Strain on Hungary’s 2022 Budget The Hungarian budget has already suffered losses of HUF 600-800 billion (EUR 1.61-2.15 bn) this year due to Hungary’s low,... 2022.04.19.
Railroad Stations on Northern and Southern Shores of Lake Balaton Renewed The National Infrastructure Development Company, NIF, (Nemzeti Infrastruktúra Fejlesztő Zrt.) has published a tender for the renovation of a total... 2022.04.18.
Hungarian Researchers Aim to Combat Wine Counterfeiting with New Method The adulteration of wines by dilution and addition of sugar is not uncommon. There is a great need for methods... 2022.04.17.
