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CZECH REPUBLIC RETAIL SALES SLOWS IN APRIL 14 minutes ago · Retail sales in the Czech Republic rose 7.5% year-on-year in April, easing from an upwardly revised 9.2% increase in the previous month, the Prague-based Central Statistical Office (CZSO) said in a statement. Sales advanced the most for non-food TOURISM NIGHTS UP SIGNIFICANTLY IN APRIL 2021 1 day ago · In April 2021, the number of tourism nights spent at commercial accommodations in Hungary was nearly three times higher than a year earlier according to data published by the Central Statistical Office (KSH). Some 43,000 domestic guests (up 21,000) 493 NEW COVID-19 CASES REGISTERED IN HUNGARY 493 new COVID-19 cases registered in Hungary. The number of active coronavirus cases in Hungary stands at 180,285, with 493 new cases and 99 new deaths registered since yesterday, according to data by government coronavirus information site koronavirus.gov.hu. The death toll has increased to 28,792. The total number of confirmed casesstands at
GOVERNMENT APPROVES NATIONAL TOURISM STRATEGY Government approves National Tourism Strategy. The government has approved the National Tourism Development Strategy, laying a solid foundation for the sector's recovery, Zoltán Guller, the head of the Hungarian Tourism Agency, said, according to mfor.hu. The strategy advocates digitalization, the expansion of the data-driven managementof the
RICHTER PLANS BGS BOND ISSUE UP TO HUF 70 BLN Hungarian pharmaceutical company Gedeon Richter announced plans to issue up to HUF 70 billion of bonds in the framework of the Bond Funding for Growth Scheme (BGS) of the National Bank of Hungary (MNB), according to a report by state news wire MTI. PANDEMIC PLACES FOCUS ON INTERIOR ENVIRONMENT Pandemic places focus on interior environment. Booking.com office rendering by DVM. Office interior elements have been integrated by developers and investors into the concept, design, leasing strategy, and Property Management (PM) and Facility Management (FM) of office projects, in reaction to more sophisticated tenant and staff demandsand
HUNGARY OPENS VACCINATION REGISTRATION TO FOREIGN Hungary will open registration for vaccination against the coronavirus to foreign residents without a national health insurance card from today, the country's chief medical officer Dr. Cecília Müller said at a daily press briefing yesterday, according to koronavirus.gov.hu, the government's official coronavirus website. BELGRADE DECLARES STATE OF EMERGENCY OVER RISING COVID-19 SUPPORT THE BUDAPEST BUSINESS JOURNAL. Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor. LINDE INSTALLS 1ST HYDROGEN FILLING STATION IN HUNGARY Linde inaugurated the country's first hydrogen filling station on April 29, at the company's Budapest site, the company tells the Budapest Business Journal. The ceremony was attended by László Palkovics, Minister of Innovation and Technology, Attila Steiner, State Secretary and István Lepsényi, Head of the National Hydrogen Technology Platform. BUDAPEST BUSINESS JOURNAL Budapest Business Journal. Innovation. Hungarian companies supplying hardware, software for ESA mis Business | Apr 23, 2021, 09:00. Deals. Hungary's debut forint green bond draws strong demand. Business | Apr 22, 2021, 14:45. Innovation. Half of businesses using or consideringcarsharing.
CZECH REPUBLIC RETAIL SALES SLOWS IN APRIL 14 minutes ago · Retail sales in the Czech Republic rose 7.5% year-on-year in April, easing from an upwardly revised 9.2% increase in the previous month, the Prague-based Central Statistical Office (CZSO) said in a statement. Sales advanced the most for non-food TOURISM NIGHTS UP SIGNIFICANTLY IN APRIL 2021 1 day ago · In April 2021, the number of tourism nights spent at commercial accommodations in Hungary was nearly three times higher than a year earlier according to data published by the Central Statistical Office (KSH). Some 43,000 domestic guests (up 21,000) 493 NEW COVID-19 CASES REGISTERED IN HUNGARY 493 new COVID-19 cases registered in Hungary. The number of active coronavirus cases in Hungary stands at 180,285, with 493 new cases and 99 new deaths registered since yesterday, according to data by government coronavirus information site koronavirus.gov.hu. The death toll has increased to 28,792. The total number of confirmed casesstands at
GOVERNMENT APPROVES NATIONAL TOURISM STRATEGY Government approves National Tourism Strategy. The government has approved the National Tourism Development Strategy, laying a solid foundation for the sector's recovery, Zoltán Guller, the head of the Hungarian Tourism Agency, said, according to mfor.hu. The strategy advocates digitalization, the expansion of the data-driven managementof the
RICHTER PLANS BGS BOND ISSUE UP TO HUF 70 BLN Hungarian pharmaceutical company Gedeon Richter announced plans to issue up to HUF 70 billion of bonds in the framework of the Bond Funding for Growth Scheme (BGS) of the National Bank of Hungary (MNB), according to a report by state news wire MTI. PANDEMIC PLACES FOCUS ON INTERIOR ENVIRONMENT Pandemic places focus on interior environment. Booking.com office rendering by DVM. Office interior elements have been integrated by developers and investors into the concept, design, leasing strategy, and Property Management (PM) and Facility Management (FM) of office projects, in reaction to more sophisticated tenant and staff demandsand
HUNGARY OPENS VACCINATION REGISTRATION TO FOREIGN Hungary will open registration for vaccination against the coronavirus to foreign residents without a national health insurance card from today, the country's chief medical officer Dr. Cecília Müller said at a daily press briefing yesterday, according to koronavirus.gov.hu, the government's official coronavirus website. BELGRADE DECLARES STATE OF EMERGENCY OVER RISING COVID-19 SUPPORT THE BUDAPEST BUSINESS JOURNAL. Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor. LINDE INSTALLS 1ST HYDROGEN FILLING STATION IN HUNGARY Linde inaugurated the country's first hydrogen filling station on April 29, at the company's Budapest site, the company tells the Budapest Business Journal. The ceremony was attended by László Palkovics, Minister of Innovation and Technology, Attila Steiner, State Secretary and István Lepsényi, Head of the National Hydrogen Technology Platform. BANKING SECTOR PROFITS REACH HUF 180 BLN IN Q1 5 minutes ago · Net profit of Hungarian banks reached HUF 180 billion in the first quarter, climbing from HUF 3 bln in the base period, when pandemic provisions weighed, data released by the National Bank of Hungary (MNB) on Thursday show. Provisions andwrite-downs came to
TOURISM NIGHTS UP SIGNIFICANTLY IN APRIL 2021 1 day ago · In April 2021, the number of tourism nights spent at commercial accommodations in Hungary was nearly three times higher than a year earlier according to data published by the Central Statistical Office (KSH). Some 43,000 domestic guests (up 21,000) INTERNATIONAL RESERVES STAND AT EUR 30 BLN The international reserves of the National Bank of Hungary (MNB) stood at EUR 30.523 billion at the end of May, up EUR 235 million from a month earlier, according to data released by the central bank on its website. The central bank's gold reserves climbed EUR 303 mln to PANDEMIC DRIVES UP VACATION PROPERTY PRICES 23 hours ago · As home price growth was squeezed during the pandemic, prices for getaway homes in Hungary's most popular vacation regions rose in the double digits, data compiled by listings site ingatlan.com show. Vacation home prices in Gardony, on Lake GLOBAL GDP GROWTH EXPECTED TO BE FASTEST IN OVER 40 YEARS According to Euromonitor International, the global economic outlook has improved since Q1 2021. Global real GDP growth in 2021 is now expected to be the fastest in more than 40 years, at 5.8% (a 0.5 percentage points upgrade relative to the Q1 forecast), followed by 4.5% growth in 2022 (a 0.4 percentage points forecast upgrade). CZECH REPUBLIC RETAIL SALES SLOWS IN APRIL 14 minutes ago · Retail sales in the Czech Republic rose 7.5% year-on-year in April, easing from an upwardly revised 9.2% increase in the previous month, the Prague-based Central Statistical Office (CZSO) said in a statement. Sales advanced the most for non-food MNB BUYS HUF 57 BLN IN QE SECURITIES 1 day ago · The National Bank of Hungary (MNB) bought HUF 57 billion of securities under its quantitative easing program in the week that ended on June 6, a fraction under the HUF 57.2 bln of the previous week, according to data published on the central bank's website. PANDEMIC PLACES FOCUS ON INTERIOR ENVIRONMENT Pandemic places focus on interior environment. Booking.com office rendering by DVM. Office interior elements have been integrated by developers and investors into the concept, design, leasing strategy, and Property Management (PM) and Facility Management (FM) of office projects, in reaction to more sophisticated tenant and staff demandsand
DUNCAN GRAHAM REELECTED AS BCCH PRESIDENT 1 day ago · The British Chamber of Commerce in Hungary (BCCH) held its 30th annual general meeting last week. Duncan Graham was reelected president of the organization and the chamber council was strengthened with several new members, according to a press release sent to OMV SELLING SLOVENIAN UNIT TO MOL 2 hours ago · Austrian oil and gas company OMV yesterday said it agreed to sell its Slovenian unit to Hungarian peer MOL Group for EUR 301 million, according to origo.hu. The deal includes 120 petrol stations and OMV's wholesale business in Slovenia. As part of the agreement, MOL will assume outstanding lease 493 NEW COVID-19 CASES REGISTERED IN HUNGARY 493 new COVID-19 cases registered in Hungary. The number of active coronavirus cases in Hungary stands at 180,285, with 493 new cases and 99 new deaths registered since yesterday, according to data by government coronavirus information site koronavirus.gov.hu. The death toll has increased to 28,792. The total number of confirmed casesstands at
GOVERNMENT APPROVES NATIONAL TOURISM STRATEGY Government approves National Tourism Strategy. The government has approved the National Tourism Development Strategy, laying a solid foundation for the sector's recovery, Zoltán Guller, the head of the Hungarian Tourism Agency, said, according to mfor.hu. The strategy advocates digitalization, the expansion of the data-driven managementof the
HUNGARY OPENS VACCINATION REGISTRATION TO FOREIGN Hungary will open registration for vaccination against the coronavirus to foreign residents without a national health insurance card from today, the country's chief medical officer Dr. Cecília Müller said at a daily press briefing yesterday, according to koronavirus.gov.hu, the government's official coronavirus website. LINDE INSTALLS 1ST HYDROGEN FILLING STATION IN HUNGARY Linde inaugurated the country's first hydrogen filling station on April 29, at the company's Budapest site, the company tells the Budapest Business Journal. The ceremony was attended by László Palkovics, Minister of Innovation and Technology, Attila Steiner, State Secretary and István Lepsényi, Head of the National Hydrogen Technology Platform. HUNGARIAN BANKHOLDING ANNOUNCES 2023 LAUNCH DATE Hungarian Bankholding announces 2023 launch date. Banking. Hungarian Bankholding Ltd. has approved the five-year business strategy for the merger of Budapest Bank, MKB Bank, and Takarékbank, looking to commence operations as a unified bank in 2023, according to a press release sent to the Budapest Business Journal. IMF RAISES GDP GROWTH FORECAST FOR POLAND IN 2021 IMF raises GDP growth forecast for Poland in 2021. The International Monetary Fund (IMF) has raised its GDP growth forecast for Poland in 2021 to 3.5% from 2.7% and decreased its forecast in 2022 to 4.5% from 5.1%, the Warsaw Business Journal reports citing news agency PAP. According to the latest version of the cyclical IMF World Economic EASING OF RESTRICTIONS ALONG SLOVAKIAN-HUNGARIAN BORDER Easing of restrictions along Slovakian-Hungarian border. Starting today, Hungary enables Slovakian citizens to enter the country for a day without mandatory quarantine, according to a report by government website kormany.hu. "The further easing of restrictions is occurring along the Slovakian-Hungarian border in view of the fact that on INTRODUCING 3 SECRETLY INFLUENTIAL HUNGARIANS Introducing 3 Secretly Influential Hungarians. Architectural detail of the Palais Bulles with its Mediterranean panorama close to Theoule-sur-Mer, France. Spend enough time in this country and Hungarian pride in famous people with Magyar origins begins to rub off on you. I’ve gone way beyond being satisfied by announcing thatAlbert Szent
PRIVATE HEALTHCARE EXPANDING IN HUNGARY AND CEE Private healthcare expanding in Hungary and CEE. According to a broader trend, a growing number of patients in Eastern European states, not least in Hungary, are opting for private clinics and healthcare institutions providing faster access to medical TAKARÉK GROUP LAUNCHES NEW UNIVERSAL COMMERCIAL BANK Initiatives. Takarékbank Zrt., the new universal commercial bank of Hungaryʼs integrated savings cooperatives, launched on Monday with 139 branches in seven of Hungaryʼs 19 counties, as well as the capital, state news agency MTI reported. As reported in April, the lender has been created through the merger of Mohácsi Savings Bank,Pannon
493 NEW COVID-19 CASES REGISTERED IN HUNGARY 493 new COVID-19 cases registered in Hungary. The number of active coronavirus cases in Hungary stands at 180,285, with 493 new cases and 99 new deaths registered since yesterday, according to data by government coronavirus information site koronavirus.gov.hu. The death toll has increased to 28,792. The total number of confirmed casesstands at
GOVERNMENT APPROVES NATIONAL TOURISM STRATEGY Government approves National Tourism Strategy. The government has approved the National Tourism Development Strategy, laying a solid foundation for the sector's recovery, Zoltán Guller, the head of the Hungarian Tourism Agency, said, according to mfor.hu. The strategy advocates digitalization, the expansion of the data-driven managementof the
HUNGARY OPENS VACCINATION REGISTRATION TO FOREIGN Hungary will open registration for vaccination against the coronavirus to foreign residents without a national health insurance card from today, the country's chief medical officer Dr. Cecília Müller said at a daily press briefing yesterday, according to koronavirus.gov.hu, the government's official coronavirus website. LINDE INSTALLS 1ST HYDROGEN FILLING STATION IN HUNGARY Linde inaugurated the country's first hydrogen filling station on April 29, at the company's Budapest site, the company tells the Budapest Business Journal. The ceremony was attended by László Palkovics, Minister of Innovation and Technology, Attila Steiner, State Secretary and István Lepsényi, Head of the National Hydrogen Technology Platform. HUNGARIAN BANKHOLDING ANNOUNCES 2023 LAUNCH DATE Hungarian Bankholding announces 2023 launch date. Banking. Hungarian Bankholding Ltd. has approved the five-year business strategy for the merger of Budapest Bank, MKB Bank, and Takarékbank, looking to commence operations as a unified bank in 2023, according to a press release sent to the Budapest Business Journal. IMF RAISES GDP GROWTH FORECAST FOR POLAND IN 2021 IMF raises GDP growth forecast for Poland in 2021. The International Monetary Fund (IMF) has raised its GDP growth forecast for Poland in 2021 to 3.5% from 2.7% and decreased its forecast in 2022 to 4.5% from 5.1%, the Warsaw Business Journal reports citing news agency PAP. According to the latest version of the cyclical IMF World Economic EASING OF RESTRICTIONS ALONG SLOVAKIAN-HUNGARIAN BORDER Easing of restrictions along Slovakian-Hungarian border. Starting today, Hungary enables Slovakian citizens to enter the country for a day without mandatory quarantine, according to a report by government website kormany.hu. "The further easing of restrictions is occurring along the Slovakian-Hungarian border in view of the fact that on INTRODUCING 3 SECRETLY INFLUENTIAL HUNGARIANS Introducing 3 Secretly Influential Hungarians. Architectural detail of the Palais Bulles with its Mediterranean panorama close to Theoule-sur-Mer, France. Spend enough time in this country and Hungarian pride in famous people with Magyar origins begins to rub off on you. I’ve gone way beyond being satisfied by announcing thatAlbert Szent
PRIVATE HEALTHCARE EXPANDING IN HUNGARY AND CEE Private healthcare expanding in Hungary and CEE. According to a broader trend, a growing number of patients in Eastern European states, not least in Hungary, are opting for private clinics and healthcare institutions providing faster access to medical TAKARÉK GROUP LAUNCHES NEW UNIVERSAL COMMERCIAL BANK Initiatives. Takarékbank Zrt., the new universal commercial bank of Hungaryʼs integrated savings cooperatives, launched on Monday with 139 branches in seven of Hungaryʼs 19 counties, as well as the capital, state news agency MTI reported. As reported in April, the lender has been created through the merger of Mohácsi Savings Bank,Pannon
IMMOFINANZ WINS 'OFFICE BRANDING OF THE YEAR' AWARD 8 hours ago · IMMOFINANZ was awarded the “Office Branding of the Year Award" at the Office of the Year Competition for its myhive prime offices concept, according to a press release sent to the Budapest Business Journal. With the award, the jury acknowledged the company's new, flexible office products. The TOURISM NIGHTS UP SIGNIFICANTLY IN APRIL 2021 1 day ago · In April 2021, the number of tourism nights spent at commercial accommodations in Hungary was nearly three times higher than a year earlier according to data published by the Central Statistical Office (KSH). Some 43,000 domestic guests (up 21,000) HUNGARY DONATES 100,000 ASTRAZENECA JABS TO CAPE VERDE 10 hours ago · Hungary is donating 100,000 doses of the AstraZeneca COVID vaccine to Cape Verde, Minister of Foreign Affairs and Trade Péter Szijjártó told state news wire MTI on Tuesday, speaking from the island nation. "Hungary already has enough vaccine and can PANDEMIC DRIVES UP VACATION PROPERTY PRICES 9 hours ago · As home price growth was squeezed during the pandemic, prices for getaway homes in Hungary's most popular vacation regions rose in the double digits, data compiled by listings site ingatlan.com show. Vacation home prices in Gardony, on Lake DUNCAN GRAHAM REELECTED AS BCCH PRESIDENT 10 hours ago · The British Chamber of Commerce in Hungary (BCCH) held its 30th annual general meeting last week. Duncan Graham was reelected president of the organization and the chamber council was strengthened with several new members, according to a MNB BUYS HUF 57 BLN IN QE SECURITIES 11 hours ago · The National Bank of Hungary (MNB) bought HUF 57 billion of securities under its quantitative easing program in the week that ended on June 6, a fraction under the HUF 57.2 bln of the previous week, according to data published on the central bank'swebsite.
CZECH TRADE BALANCE SWING TO SURPLUS IN APRIL 11 hours ago · The Czech Republic's trade balance registered a surplus of CZK 19.338 billion (EUR 760.84 million) in April versus CZK 24.297 million in the same month last year, data released by the country's statistics agency showed on Monday. In March, the trade MATOLCSY FLAGS POSSIBLE RATE RISE IN JUNE 8 hours ago · SUPPORT THE BUDAPEST BUSINESS JOURNAL. Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor. WAGE GROWTH COULD RETURN NEXT YEAR 12 hours ago · If the economy restarts and there is no fourth wave, the double-digit rate of wage growth of more than 10% that was typical of previous years may return, László Perlusz, secretary-general of the National Association of Entrepreneurs and Employers (VOSZ), told business daily Világgazdaság. GOVERNMENT APPROVES NATIONAL TOURISM STRATEGY Government approves National Tourism Strategy. The government has approved the National Tourism Development Strategy, laying a solid foundation for the sector's recovery, Zoltán Guller, the head of the Hungarian Tourism Agency, said, according to mfor.hu. The strategy advocates digitalization, the expansion of the data-driven managementof the
493 NEW COVID-19 CASES REGISTERED IN HUNGARY 493 new COVID-19 cases registered in Hungary. The number of active coronavirus cases in Hungary stands at 180,285, with 493 new cases and 99 new deaths registered since yesterday, according to data by government coronavirus information site koronavirus.gov.hu. The death toll has increased to 28,792. The total number of confirmed casesstands at
GOVERNMENT APPROVES NATIONAL TOURISM STRATEGY Government approves National Tourism Strategy. The government has approved the National Tourism Development Strategy, laying a solid foundation for the sector's recovery, Zoltán Guller, the head of the Hungarian Tourism Agency, said, according to mfor.hu. The strategy advocates digitalization, the expansion of the data-driven managementof the
HUNGARY OPENS VACCINATION REGISTRATION TO FOREIGN Hungary will open registration for vaccination against the coronavirus to foreign residents without a national health insurance card from today, the country's chief medical officer Dr. Cecília Müller said at a daily press briefing yesterday, according to koronavirus.gov.hu, the government's official coronavirus website. LINDE INSTALLS 1ST HYDROGEN FILLING STATION IN HUNGARY Linde inaugurated the country's first hydrogen filling station on April 29, at the company's Budapest site, the company tells the Budapest Business Journal. The ceremony was attended by László Palkovics, Minister of Innovation and Technology, Attila Steiner, State Secretary and István Lepsényi, Head of the National Hydrogen Technology Platform. HUNGARIAN BANKHOLDING ANNOUNCES 2023 LAUNCH DATE Hungarian Bankholding announces 2023 launch date. Banking. Hungarian Bankholding Ltd. has approved the five-year business strategy for the merger of Budapest Bank, MKB Bank, and Takarékbank, looking to commence operations as a unified bank in 2023, according to a press release sent to the Budapest Business Journal. IMF RAISES GDP GROWTH FORECAST FOR POLAND IN 2021 IMF raises GDP growth forecast for Poland in 2021. The International Monetary Fund (IMF) has raised its GDP growth forecast for Poland in 2021 to 3.5% from 2.7% and decreased its forecast in 2022 to 4.5% from 5.1%, the Warsaw Business Journal reports citing news agency PAP. According to the latest version of the cyclical IMF World Economic EASING OF RESTRICTIONS ALONG SLOVAKIAN-HUNGARIAN BORDER Easing of restrictions along Slovakian-Hungarian border. Starting today, Hungary enables Slovakian citizens to enter the country for a day without mandatory quarantine, according to a report by government website kormany.hu. "The further easing of restrictions is occurring along the Slovakian-Hungarian border in view of the fact that on INTRODUCING 3 SECRETLY INFLUENTIAL HUNGARIANS Introducing 3 Secretly Influential Hungarians. Architectural detail of the Palais Bulles with its Mediterranean panorama close to Theoule-sur-Mer, France. Spend enough time in this country and Hungarian pride in famous people with Magyar origins begins to rub off on you. I’ve gone way beyond being satisfied by announcing thatAlbert Szent
PRIVATE HEALTHCARE EXPANDING IN HUNGARY AND CEE Private healthcare expanding in Hungary and CEE. According to a broader trend, a growing number of patients in Eastern European states, not least in Hungary, are opting for private clinics and healthcare institutions providing faster access to medical TAKARÉK GROUP LAUNCHES NEW UNIVERSAL COMMERCIAL BANK Initiatives. Takarékbank Zrt., the new universal commercial bank of Hungaryʼs integrated savings cooperatives, launched on Monday with 139 branches in seven of Hungaryʼs 19 counties, as well as the capital, state news agency MTI reported. As reported in April, the lender has been created through the merger of Mohácsi Savings Bank,Pannon
493 NEW COVID-19 CASES REGISTERED IN HUNGARY 493 new COVID-19 cases registered in Hungary. The number of active coronavirus cases in Hungary stands at 180,285, with 493 new cases and 99 new deaths registered since yesterday, according to data by government coronavirus information site koronavirus.gov.hu. The death toll has increased to 28,792. The total number of confirmed casesstands at
GOVERNMENT APPROVES NATIONAL TOURISM STRATEGY Government approves National Tourism Strategy. The government has approved the National Tourism Development Strategy, laying a solid foundation for the sector's recovery, Zoltán Guller, the head of the Hungarian Tourism Agency, said, according to mfor.hu. The strategy advocates digitalization, the expansion of the data-driven managementof the
HUNGARY OPENS VACCINATION REGISTRATION TO FOREIGN Hungary will open registration for vaccination against the coronavirus to foreign residents without a national health insurance card from today, the country's chief medical officer Dr. Cecília Müller said at a daily press briefing yesterday, according to koronavirus.gov.hu, the government's official coronavirus website. LINDE INSTALLS 1ST HYDROGEN FILLING STATION IN HUNGARY Linde inaugurated the country's first hydrogen filling station on April 29, at the company's Budapest site, the company tells the Budapest Business Journal. The ceremony was attended by László Palkovics, Minister of Innovation and Technology, Attila Steiner, State Secretary and István Lepsényi, Head of the National Hydrogen Technology Platform. HUNGARIAN BANKHOLDING ANNOUNCES 2023 LAUNCH DATE Hungarian Bankholding announces 2023 launch date. Banking. Hungarian Bankholding Ltd. has approved the five-year business strategy for the merger of Budapest Bank, MKB Bank, and Takarékbank, looking to commence operations as a unified bank in 2023, according to a press release sent to the Budapest Business Journal. IMF RAISES GDP GROWTH FORECAST FOR POLAND IN 2021 IMF raises GDP growth forecast for Poland in 2021. The International Monetary Fund (IMF) has raised its GDP growth forecast for Poland in 2021 to 3.5% from 2.7% and decreased its forecast in 2022 to 4.5% from 5.1%, the Warsaw Business Journal reports citing news agency PAP. According to the latest version of the cyclical IMF World Economic EASING OF RESTRICTIONS ALONG SLOVAKIAN-HUNGARIAN BORDER Easing of restrictions along Slovakian-Hungarian border. Starting today, Hungary enables Slovakian citizens to enter the country for a day without mandatory quarantine, according to a report by government website kormany.hu. "The further easing of restrictions is occurring along the Slovakian-Hungarian border in view of the fact that on INTRODUCING 3 SECRETLY INFLUENTIAL HUNGARIANS Introducing 3 Secretly Influential Hungarians. Architectural detail of the Palais Bulles with its Mediterranean panorama close to Theoule-sur-Mer, France. Spend enough time in this country and Hungarian pride in famous people with Magyar origins begins to rub off on you. I’ve gone way beyond being satisfied by announcing thatAlbert Szent
PRIVATE HEALTHCARE EXPANDING IN HUNGARY AND CEE Private healthcare expanding in Hungary and CEE. According to a broader trend, a growing number of patients in Eastern European states, not least in Hungary, are opting for private clinics and healthcare institutions providing faster access to medical TAKARÉK GROUP LAUNCHES NEW UNIVERSAL COMMERCIAL BANK Initiatives. Takarékbank Zrt., the new universal commercial bank of Hungaryʼs integrated savings cooperatives, launched on Monday with 139 branches in seven of Hungaryʼs 19 counties, as well as the capital, state news agency MTI reported. As reported in April, the lender has been created through the merger of Mohácsi Savings Bank,Pannon
IMMOFINANZ WINS 'OFFICE BRANDING OF THE YEAR' AWARD 20 minutes ago · IMMOFINANZ was awarded the “Office Branding of the Year Award" at the Office of the Year Competition for its myhive prime offices concept, according to a press release sent to the Budapest Business Journal. With the award, the jury acknowledged the company's new, flexible office products. The TOURISM NIGHTS UP SIGNIFICANTLY IN APRIL 2021 20 hours ago · In April 2021, the number of tourism nights spent at commercial accommodations in Hungary was nearly three times higher than a year earlier according to data published by the Central Statistical Office (KSH). Some 43,000 domestic guests (up 21,000) spent 138,000 tourism nights (up 76,000). About 61% HUNGARY DONATES 100,000 ASTRAZENECA JABS TO CAPE VERDE 2 hours ago · Hungary is donating 100,000 doses of the AstraZeneca COVID vaccine to Cape Verde, Minister of Foreign Affairs and Trade Péter Szijjártó told state news wire MTI on Tuesday, speaking from the island nation. "Hungary already has enough vaccine and can PANDEMIC DRIVES UP VACATION PROPERTY PRICES As home price growth was squeezed during the pandemic, prices for getaway homes in Hungary's most popular vacation regions rose in the double digits, data compiled by listings site ingatlan.com show. Vacation home prices in Gardony, on Lake DUNCAN GRAHAM REELECTED AS BCCH PRESIDENT 2 hours ago · The British Chamber of Commerce in Hungary (BCCH) held its 30th annual general meeting last week. Duncan Graham was reelected president of the organization and the chamber council was strengthened with several new members, according to a press release sent to MNB BUYS HUF 57 BLN IN QE SECURITIES 2 hours ago · The National Bank of Hungary (MNB) bought HUF 57 billion of securities under its quantitative easing program in the week that ended on June 6, a fraction under the HUF 57.2 bln of the previous week, according to data published on the central bank'swebsite.
CZECH TRADE BALANCE SWING TO SURPLUS IN APRIL 2 hours ago · The Czech Republic's trade balance registered a surplus of CZK 19.338 billion (EUR 760.84 million) in April versus CZK 24.297 million in the same month last year, data released by the country's statistics agency showed on Monday. In March, the trade MATOLCSY FLAGS POSSIBLE RATE RISE IN JUNE 10 minutes ago · SUPPORT THE BUDAPEST BUSINESS JOURNAL. Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor. WAGE GROWTH COULD RETURN NEXT YEAR 3 hours ago · If the economy restarts and there is no fourth wave, the double-digit rate of wage growth of more than 10% that was typical of previous years may return, László Perlusz, secretary-general of the National Association of Entrepreneurs and Employers (VOSZ), told business daily Világgazdaság. GOVERNMENT APPROVES NATIONAL TOURISM STRATEGY Government approves National Tourism Strategy. The government has approved the National Tourism Development Strategy, laying a solid foundation for the sector's recovery, Zoltán Guller, the head of the Hungarian Tourism Agency, said, according to mfor.hu. The strategy advocates digitalization, the expansion of the data-driven managementof the
BUDAPEST BUSINESS JOURNAL Budapest Business Journal. Innovation. Hungarian companies supplying hardware, software for ESA mis Business | Apr 23, 2021, 09:00. Deals. Hungary's debut forint green bond draws strong demand. Business | Apr 22, 2021, 14:45. Innovation. Half of businesses using or consideringcarsharing.
GOVERNMENT APPROVES NATIONAL TOURISM STRATEGY Government approves National Tourism Strategy. The government has approved the National Tourism Development Strategy, laying a solid foundation for the sector's recovery, Zoltán Guller, the head of the Hungarian Tourism Agency, said, according to mfor.hu. The strategy advocates digitalization, the expansion of the data-driven managementof the
HUNGARIAN BANKHOLDING ANNOUNCES 2023 LAUNCH DATE Hungarian Bankholding announces 2023 launch date. Banking. Hungarian Bankholding Ltd. has approved the five-year business strategy for the merger of Budapest Bank, MKB Bank, and Takarékbank, looking to commence operations as a unified bank in 2023, according to a press release sent to the Budapest Business Journal. LINDE INSTALLS 1ST HYDROGEN FILLING STATION IN HUNGARY Linde inaugurated the country's first hydrogen filling station on April 29, at the company's Budapest site, the company tells the Budapest Business Journal. The ceremony was attended by László Palkovics, Minister of Innovation and Technology, Attila Steiner, State Secretary and István Lepsényi, Head of the National Hydrogen Technology Platform. HUNGARIAN MERCEDES, SUZUKI PLANTS TO SHUT DOWN Recycling. Both German automotive giant Daimler and Japanese carmaker Suzuki announced that production at their Hungarian plants will come to a halt by Monday, due to the worsening coronavirus pandemic, state news wire MTI reports. Production at the Mercedes-Benz plant in Kecskemét will be suspended for an initial period of two weeks. PRIVATE HEALTHCARE EXPANDING IN HUNGARY AND CEE Private healthcare expanding in Hungary and CEE. According to a broader trend, a growing number of patients in Eastern European states, not least in Hungary, are opting for private clinics and healthcare institutions providing faster access to medical MNB WEEKLY QE PURCHASES RISE OVER HUF 67 BLN MNB weekly QE purchases rise over HUF 67 bln. The National Bank of Hungary (MNB) bought HUF 67.3 billion of securities in the framework of a quantitative easing program in the week ended May 2, up from HUF 60 billion in the previous week, data published on the central bank's website show, according to a report by state news wire MTI. The OTP ROLLS OUT MOBILE PAYMENT SOLUTION OTP Bank and its fintech unit OTP Mobil have announced the rollout of a mobile payment solution, based on instant payments, that reads QR codes, according to a report by Hungarian news agency MTI. Users donʼt need their bank card details to pay for a transaction, and they get immediate confirmation, OTP Bank managing director Péter Csányi PWC HUNGARY APPOINTS NEW ASSURANCE LEADER PwC Hungary announced the appointment of László Radványi as the new leader of the companyʼs assurance service line, taking over from Árpád Balázs who will coordinate services provided to companies in the financial sector as lead partner for financial services and serve in regional management as a member of the PwC CEE partner council. REMEMBERING LEGENDARY JAZZ GUITARIST GÁBOR SZABÓ Remembering Legendary Jazz Guitarist Gábor Szabó. The self-taught guitarist fled Hungary in 1956, made his way to the States and had a huge influence on Carlos Santana, among others. He died tragically young. Gábor Szabó and János Másik (with back to camera) in a still taken from one of their 1970s TV appearances. BUDAPEST BUSINESS JOURNAL Budapest Business Journal. Innovation. Hungarian companies supplying hardware, software for ESA mis Business | Apr 23, 2021, 09:00. Deals. Hungary's debut forint green bond draws strong demand. Business | Apr 22, 2021, 14:45. Innovation. Half of businesses using or consideringcarsharing.
GOVERNMENT APPROVES NATIONAL TOURISM STRATEGY Government approves National Tourism Strategy. The government has approved the National Tourism Development Strategy, laying a solid foundation for the sector's recovery, Zoltán Guller, the head of the Hungarian Tourism Agency, said, according to mfor.hu. The strategy advocates digitalization, the expansion of the data-driven managementof the
HUNGARIAN BANKHOLDING ANNOUNCES 2023 LAUNCH DATE Hungarian Bankholding announces 2023 launch date. Banking. Hungarian Bankholding Ltd. has approved the five-year business strategy for the merger of Budapest Bank, MKB Bank, and Takarékbank, looking to commence operations as a unified bank in 2023, according to a press release sent to the Budapest Business Journal. LINDE INSTALLS 1ST HYDROGEN FILLING STATION IN HUNGARY Linde inaugurated the country's first hydrogen filling station on April 29, at the company's Budapest site, the company tells the Budapest Business Journal. The ceremony was attended by László Palkovics, Minister of Innovation and Technology, Attila Steiner, State Secretary and István Lepsényi, Head of the National Hydrogen Technology Platform. HUNGARIAN MERCEDES, SUZUKI PLANTS TO SHUT DOWN Recycling. Both German automotive giant Daimler and Japanese carmaker Suzuki announced that production at their Hungarian plants will come to a halt by Monday, due to the worsening coronavirus pandemic, state news wire MTI reports. Production at the Mercedes-Benz plant in Kecskemét will be suspended for an initial period of two weeks. PRIVATE HEALTHCARE EXPANDING IN HUNGARY AND CEE Private healthcare expanding in Hungary and CEE. According to a broader trend, a growing number of patients in Eastern European states, not least in Hungary, are opting for private clinics and healthcare institutions providing faster access to medical MNB WEEKLY QE PURCHASES RISE OVER HUF 67 BLN MNB weekly QE purchases rise over HUF 67 bln. The National Bank of Hungary (MNB) bought HUF 67.3 billion of securities in the framework of a quantitative easing program in the week ended May 2, up from HUF 60 billion in the previous week, data published on the central bank's website show, according to a report by state news wire MTI. The OTP ROLLS OUT MOBILE PAYMENT SOLUTION OTP Bank and its fintech unit OTP Mobil have announced the rollout of a mobile payment solution, based on instant payments, that reads QR codes, according to a report by Hungarian news agency MTI. Users donʼt need their bank card details to pay for a transaction, and they get immediate confirmation, OTP Bank managing director Péter Csányi PWC HUNGARY APPOINTS NEW ASSURANCE LEADER PwC Hungary announced the appointment of László Radványi as the new leader of the companyʼs assurance service line, taking over from Árpád Balázs who will coordinate services provided to companies in the financial sector as lead partner for financial services and serve in regional management as a member of the PwC CEE partner council. REMEMBERING LEGENDARY JAZZ GUITARIST GÁBOR SZABÓ Remembering Legendary Jazz Guitarist Gábor Szabó. The self-taught guitarist fled Hungary in 1956, made his way to the States and had a huge influence on Carlos Santana, among others. He died tragically young. Gábor Szabó and János Másik (with back to camera) in a still taken from one of their 1970s TV appearances. HUNGARY LENDS 41,000 PFIZER JABS TO THE CZECH REPUBLIC 19 hours ago · Minister of Foreign Affairs and Trade Péter Szijjártó delivered 41,000 doses of the Pfizer/BioNTech Covid vaccine Hungary is lending to the Czech Republic to Prime Minister Andrej Babis in Prague on Friday, according to a report by news agencyMTI.
EC TO MOBILIZE EUR 600 MLN COVID RECOVERY SUPPORT TO 17 hours ago · The European Commission said that it will mobilize up to EUR 600 million in macro-financial assistance to Moldova over the next three years to support post-coronavirus economic recovery. The financial support will be provided in the form of grants SERBIA STARTS PRODUCTION OF SPUTNIK V VACCINE 19 hours ago · Belgrade's Institute of Virology, Torlak, officially started producing Russia's Sputnik V COVID-19 vaccine on Serbian soil on Friday (June 4), the press service of Serbian Innovation and Technological Development Minister Nenad Popović, who also chairs the parliamentary friendship group with Russia, told news agency TASS. CJEU DISMISSES HUNGARY'S ARTICLE 7 CHALLENGE 22 hours ago · The Court of Justice of the European Union (CJEU) dismissed a challenge by Hungary of the European Parliament's vote on a resolution triggering an Article 7 procedure against the country, according to state news agency MTI. The resolution was approved on September 12, 2018, with a BULGARIA'S VARNA TPP TO BUILD 550 MW COMBINED-CYCLE 16 hours ago · Bulgaria's Varna Thermal Power Plant (TPP) said that it plans to build two steam-gas combined cycle units of 275 MW (megawatt) each to replace decommissioned units - a project worth an estimated EUR 450 million (USD 548.5 million). The new combined-cycle PROTESTORS DEMONSTRATE AGAINST FUDAN UNI CAMPUS IN CAPITAL 21 hours ago · Protestors held a demonstration against plans to set up a local campus of China's Fudan University in Budapest on Saturday, according to a report by state news wire MTI. The protest, organized with the title "Demonstration for the Student Quarter and Against Fidesz", involved the participation of a HUNGARY OPENS VACCINATION REGISTRATION TO FOREIGN Hungary will open registration for vaccination against the coronavirus to foreign residents without a national health insurance card from today, the country's chief medical officer Dr. Cecília Müller said at a daily press briefing yesterday, according to koronavirus.gov.hu, the government's official coronavirus website. MNB URGES BORROWERS TO BEGIN REPAYING LOANS 23 hours ago · SUPPORT THE BUDAPEST BUSINESS JOURNAL. Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor. MAJORITY OF HOMEOWNERS KEEN ON GARDEN RENOVATIONS 19 hours ago · SUPPORT THE BUDAPEST BUSINESS JOURNAL. Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor. INVESTING IN OUR ENVIRONMENTAL FUTURE Investing in our Environmental Future. Sustainability. When I first became a journalist back in 1986, environmental issues were only just beginning to gain ground, albeit at what felt like an almost imperceptible pace. None but the very largest circulation newspapers had a dedicated environmental correspondent and policy-wise the fieldwas very
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