Two-Kilometer-Long Road at Planned BMW Plant in Debrecen Will Cost a Fortune Austria's Strabag Építő Zrt. has been awarded a HUF 17.487 billion (EUR 51.352 million) contract for the four-lane development of... 2022.02.09.
Train Drivers’ Trade Union Announces Strike, Half of Long Distance Trains Could Suspend Operation Hungary’s largest trade union representing train drivers, announced last week that they will suspend work indefinitely at the beginning of... 2022.02.08.
Hungary Trade Balance Returns to Surplus in December Hungary's trade balance returned to a surplus in December, a first reading of data released by the Central Statistical Office... 2022.02.08.
Ban on Single-Use Plastics Yields Significant Results The ban on single-use plastic products introduced in Hungary last year has yielded significant results, the pro-government daily Magyar Nemzet... 2022.02.08.
Guest Nights Jump 630% in December Guest nights at commercial accommodations in Hungary rose by 630 percent year-on-year to 1,164,000 in December, albeit from a low... 2022.02.07.
Three Gas Stations Closed Due to Maximized Fuel Prices According to the fuel price comparison site Holtankoljak.hu, three gas stations were closed last week because of the maximized price.... 2022.02.07.
Hungary’s 2022 Minimum Wage Increase Highest in EU Although minimum wages have grown almost everywhere in the European Union in 2022, the nominal increase of almost 20% in... 2022.02.07.
Budapest Airport Joins European Initiative for Carbon-neutral Aviation Sector Liszt Ferenc International operator Budapest Airport on Friday said it has signed the Toulouse Declaration setting the goal of achieving... 2022.02.05.
Record Prices per Square Meter of New Apartments in Budapest The average price per square meter of new apartments in Budapest has broken a historic record, with sellers asking for... 2022.02.05.
Trend Broken: Suzuki Not the Highest Seller of New Cars in Hungary in January The domestic new car market had a weak start to 2022, reports Világgazdaság (VG). Citing the latest data from "Datahouse,"... 2022.02.04.
Industrial Output up 5.8% in December, 9.6% in 2021 Industrial output in Hungary grew by an annual 5.8 percent in December, based on adjusted data, and by 9.6 percent... 2022.02.04.
Wholesale Fuel Prices Continue to Rise, Smaller Petrol Stations Fighting for Survival Wholesale prices of petrol and diesel will continue to rise on Friday. For petrol, this means a gross increase of... 2022.02.04.
Retail Sales Growth Accelerates to 6.2% in December Retail sales in Hungary rose by an annual 6.2 percent in December, when adjusted for calendar year effects, the Central... 2022.02.03.
Taxi Drivers Demonstrate for Fare Rise Around 200 taxi drivers drove their cars around Heroes' Square in Budapest on Wednesday, to draw attention to their demands... 2022.02.03.
Trade Minister: Gulf Countries Offer Opportunities for Tech-Oriented Hungarian Companies Tech-oriented Hungarian companies can benefit greatly from the opportunities offered by the Gulf countries, and the Hungarian government is fully... 2022.02.03.
Central Bank Books Loss for First Time under Matolcsy The National Bank of Hungary (MNB) has closed 2021 with negative financial results for the first time since incumbent governor... 2022.02.02.
Price Cap in Grocery Stores Comes into Effect Starting today, Tuesday, people will pay the same amount as on October 15, 2021, for granulated sugar, wheat flour, sunflower... 2022.02.01.
First Module of AI Supercomputer Developed by OTP Bank and Innovation Ministry Inaugurated The first module of an AI supercomputer built in partnership between the Ministry of Innovation and Technology (ITM) and OTP... 2022.01.31.
Factory Gate Price Rise Accelerates to 22 % in December Factory gate prices in Hungary rose by an annual 22.3 percent in December, accelerating from a 21.6 percent increase in... 2022.01.31.
Lidl Introduces Quantity Restriction in Response to Price Cap As we have reported before, the Hungarian government introduced a price cap for seven food products which comes into effect... 2022.01.31.
Finance Minister: Fitch Sees Successful Relaunch of Hungary’s Economy The relaunch of Hungary's economy has gone successfully in the assessment of Fitch Ratings, which recently confirmed Hungary's credit rating,... 2022.01.29.
