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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. 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
LUFTHANSA SYSTEMS HUNGÁRIA REVENUE AT HUF 8.6 BLN IN 2020 Revenue of Lufthansa Systems Hungária rose 3.6% year-on-year to HUF 8.6 bln in 2020 in spite of the pandemic, the company said on Wednesday, according to a report by state news wire MTI. The local unit of German airline Lufthansa's software development businessprojects a
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. ANALYSTS LOOK TO 2021 FOR RECOVERY IN REAL ESTATE MARKETS Analysts at Cushman predict that, while the full economic impact of the crisis for Central Europe may take one to two years, there is sentiment for the real estate market to bounce back more rapidly in the second and third quarters of 2021. A region-wide investment total is regarded as difficult to predict. “But the best guestimate issimilar
RICHTER Q1 EARNINGS FALL AS SALES SLIP ON BASE EFFECT Richter Q1 earnings fall as sales slip on base effect. First-quarter net income of Hungarian pharmaceutical company Gedeon Richter fell 7.3% year-on-year to HUF 26.9 billion as sales edged lower, albeit from a high base, and margins narrowed, state news wire MTI says, citing an earnings report released early Monday. BUDAPEST BUSINESS JOURNAL Hungary’s largest and oldest source of business and financial news about Hungary in English. Not just for expats. CPI UP BY 5.1% Y.O.Y. IN MAY CPI up by 5.1% y.o.y. in May. Figures. Consumer prices were 5.1% higher on average in May 2021 than a year earlier, according to data by the Central Statistical Office (KSH). Significant price rises were measured over the last 12 months for alcoholic beverages and tobacco as well as motor fuels. Compared to May 2020, food prices were up by2.6%
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. 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
LUFTHANSA SYSTEMS HUNGÁRIA REVENUE AT HUF 8.6 BLN IN 2020 Revenue of Lufthansa Systems Hungária rose 3.6% year-on-year to HUF 8.6 bln in 2020 in spite of the pandemic, the company said on Wednesday, according to a report by state news wire MTI. The local unit of German airline Lufthansa's software development businessprojects a
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. ANALYSTS LOOK TO 2021 FOR RECOVERY IN REAL ESTATE MARKETS Analysts at Cushman predict that, while the full economic impact of the crisis for Central Europe may take one to two years, there is sentiment for the real estate market to bounce back more rapidly in the second and third quarters of 2021. A region-wide investment total is regarded as difficult to predict. “But the best guestimate issimilar
RICHTER Q1 EARNINGS FALL AS SALES SLIP ON BASE EFFECT Richter Q1 earnings fall as sales slip on base effect. First-quarter net income of Hungarian pharmaceutical company Gedeon Richter fell 7.3% year-on-year to HUF 26.9 billion as sales edged lower, albeit from a high base, and margins narrowed, state news wire MTI says, citing an earnings report released early Monday. INTERACTIVE BROKERS CENTRAL EUROPE EYES REGIONAL EXPANSION Interactive Brokers eyes rapid growth in terms of clients and staff globally and regionally, founding chairman Thomas Peterffy told reporters at a Budapest press conference. The broker announced on June 1 that its Hungarian unit had become a THE GRAND SUMMER REOPENING 1 day ago · The meteorological summer has officially started, the sun is shining, and there are more people in the office than I have seen since before Christmas; for once, the arrival of June feels like a more significant step-change than the coming of spring. We are surely past “emerging shoots” metaphors by now, but the fact that the second reading of the Q1 GDP data was an improvement of the first ACTIVE VS. PASSIVE INVESTING Business owners often wonder: if they were to sell their business, what would they do with their money? To answer this question, an understanding of passive vs. active investing would be helpful. Les Nemethy and Francois Lesegretain start by defining terms, analyzing some relevant statistics, and looking at some implications of the rise of passive investing. BUDAPEST RE-LAUNCHES AIRPORT SHUTTLE BUS 15 hours ago · The Budapest Public Transport Center (BKK) on Friday said it will re-start the 100E express bus service between the city center and Liszt Ferenc International Airport, according to a report by state news wire MTI. The 100E bus runs between the CPI UP BY 5.1% Y.O.Y. IN MAY CPI up by 5.1% y.o.y. in May. Figures. Consumer prices were 5.1% higher on average in May 2021 than a year earlier, according to data by the Central Statistical Office (KSH). Significant price rises were measured over the last 12 months for alcoholic beverages and tobacco as well as motor fuels. Compared to May 2020, food prices were up by2.6%
TRUST, COLLABORATION, AND HOSPITALITY TO UNDERPIN SPAGO 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. 2ND READING LIFTS GDP, ANALYSTS’ PROJECTIONS ALIKE 1 day ago · Hungary’s first-quarter GDP growth was even more significant than the data showed at the first reading. As it turns out from the final data published by the Central Statistical Office (KSH) on June 1, the Hungarian economy expanded by 2% in the first three months of the year on a quarterly basis, as opposed to the 1.9% stated in the first release of the data two weeks ago. 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. NUMBER OF ESPORTS ENTHUSIASTS TO REACH 285 MLN BY 2024 The prize of the first known video game tournament back in 1972 at Stanford University was a 1-year subscription to pop-culture magazine, Rolling Stone. The world of eSports has since reached unprecedented heights and has made the industry one of the fastest-growing in the world, according to a report by the Warsaw Business Journal. RICHTER CONSIDERING EXPANDING RANGE OF ACQUISITIONS 1 day 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. 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 17 hours 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 products by 14% and automotive fuel by 13.1% TOURISM NIGHTS UP SIGNIFICANTLY IN APRIL 2021 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% 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.
TOURISM NIGHTS UP SIGNIFICANTLY IN APRIL 2021 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% 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. 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. LUFTHANSA SYSTEMS HUNGÁRIA REVENUE AT HUF 8.6 BLN IN 2020 Revenue of Lufthansa Systems Hungária rose 3.6% year-on-year to HUF 8.6 bln in 2020 in spite of the pandemic, the company said on Wednesday, according to a report by state news wire MTI. The local unit of German airline Lufthansa's software development businessprojects a
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. MINISTRY PUBLISHES NEW NATIONAL ENERGY STRATEGY The Innovation and Technology Ministry has published Hungaryʼs recently approved new National Energy Strategy that outlines priorities until 2030, state news wire MTI reports. Hungaryʼs gas imports are set to fall near to 70% and below 70% by 2040 as household gas consumption will decrease due to energy-efficiency developments. RICHTER Q1 EARNINGS FALL AS SALES SLIP ON BASE EFFECT Richter Q1 earnings fall as sales slip on base effect. First-quarter net income of Hungarian pharmaceutical company Gedeon Richter fell 7.3% year-on-year to HUF 26.9 billion as sales edged lower, albeit from a high base, and margins narrowed, state news wire MTI says, citing an earnings report released early Monday. BANKING SECTOR PROFITS REACH HUF 180 BLN IN Q1 17 hours 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 and write-downs came to TOURISM NIGHTS UP SIGNIFICANTLY IN APRIL 2021 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% INTERNATIONAL RESERVES STAND AT EUR 30 BLN 19 hours ago · 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 climbedEUR 303 mln to
PANDEMIC DRIVES UP VACATION PROPERTY PRICES 1 day 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 18 hours ago · 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 forecastupgrade).
CZECH REPUBLIC RETAIL SALES SLOWS IN APRIL 17 hours 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 products by 14% and automotive fuel by 13.1% 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 19 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. DRIVING FACTORS BEHIND RISE OF LOGISTICS MARKET AND LONGER Driving factors behind rise of logistics market and longer-term outlook. Shortly after the outbreak of COVID-19, the success of logistics and e-commerce began to dominate real estate news, while other sectors found they were facing new challenges and had to overcome various difficulties caused by the global pandemic. 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. 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 MINISTRY PUBLISHES NEW NATIONAL ENERGY STRATEGY The Innovation and Technology Ministry has published Hungaryʼs recently approved new National Energy Strategy that outlines priorities until 2030, state news wire MTI reports. Hungaryʼs gas imports are set to fall near to 70% and below 70% by 2040 as household gas consumption will decrease due to energy-efficiency developments. 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. DRIVING FACTORS BEHIND RISE OF LOGISTICS MARKET AND LONGER Driving factors behind rise of logistics market and longer-term outlook. Shortly after the outbreak of COVID-19, the success of logistics and e-commerce began to dominate real estate news, while other sectors found they were facing new challenges and had to overcome various difficulties caused by the global pandemic. 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. 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 MINISTRY PUBLISHES NEW NATIONAL ENERGY STRATEGY The Innovation and Technology Ministry has published Hungaryʼs recently approved new National Energy Strategy that outlines priorities until 2030, state news wire MTI reports. Hungaryʼs gas imports are set to fall near to 70% and below 70% by 2040 as household gas consumption will decrease due to energy-efficiency developments. 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
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.
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) PANDEMIC DRIVES UP VACATION PROPERTY PRICES 20 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 PASSENGER TRANSPORT SEGMENT HIT BY PANDEMIC IN Q1 17 hours ago · Passenger transport performance declined significantly in the first quarter of 2021 due to the effect of the pandemic, with intercity passenger transport down 53% and local passenger transport falling 43% in passenger-kilometers from a year earlier, according to a summary of data published by the Central Statistical Office (KSH). IMMOFINANZ WINS 'OFFICE BRANDING OF THE YEAR' AWARD 19 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 TRADE SURPLUS AT EUR 321 MLN IN APRIL 17 hours ago · The surplus on external trade in goods stood at EUR 321 million in April 2021, with the value of both exports and imports rising significantly compared to the same month of 2020, according to data by the Central Statistical Office (KSH). In EUR terms, the DUNCAN GRAHAM REELECTED AS BCCH PRESIDENT 21 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 22 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.
WAGE GROWTH COULD RETURN NEXT YEAR 22 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. ROMANIA'S DACIA TO ENTER AUSTRALIAN MARKET 16 hours ago · The Romanian automobiles Dacia will be sold in Australia through the Renault importer on the local market - Ateco Group, which says that the Romanian brand "has matured enough to enter this market," business portal Profit.ro reported. Dacia Sandero andthe
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EU
Hungary advocates advancing Serbia accession negotiations Politics | Jun 6, 2021, 11:35Figures
137 new coronavirus cases registered in Hungary Economy | Jun 6, 2021, 10:10Banking
IIB subscribes Medicover Schuldschein Economy | Jun 5, 2021, 12:00 300 new coronavirus cases registered in Hungary Economy | Jun 5, 2021, 11:00Figures
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Hungarian insurers' premiums revenue up 7% in Q1 Politics | Jun 4, 2021, 14:40ADVERTISEMENT
Inside View
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MET Group goes green in CEE markets KeyStone: Compass to the world of service centers Hungary Remains a Vital Link in Global Supply Chains Digital Transformation in CEE: 2020 Opens new Horizons Greenfield Projects: Evergreen Projects New Guest Arrives at Hungary’s Party Thanks to COVID: LNG Brownfield Investments in Rust Zones, Construction After COVID-19 Timing is Everything, in Generation Change Too__
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Danubius Hotel Gellért to reopen in June Budapest | Jun 4, 2021, 14:35Energy Trade
Hungary reaches deal 'in principle' on Russian gas purchases Economy | Jun 4, 2021, 13:45Retail
Retail sales up 10.6% y.o.y. in April Business | Jun 4, 2021, 13:10City
Budapest to host 2024 European Figure Skating Championships Budapest | Jun 4, 2021, 12:35Figures
269 new coronavirus cases registered in Hungary Economy | Jun 4, 2021, 12:00Presented content
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Government
Hungary switches rollout to 'standby' as vaccination willing... Politics | Jun 4, 2021, 11:20Innovation
Recart to receive USD 3.5 mln investment Business | Jun 4, 2021, 10:50Recycling
McDonald's to spend HUF 800 mln on SUPs phase-out Economy | Jun 4, 2021, 10:15EU
Justice Minister against establishment of EPPO Politics | Jun 4, 2021, 09:45 Gov't broadens availability for payroll support Politics | Jun 4, 2021, 09:00Government
ECONOMY
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PMI climbs to 52.8 in May Economy | Jun 1, 2021, 11:10ADVERTISEMENT
CEE outperforms EU peers in economic recovery from COVID Economy | May 31, 2021, 10:00Figures
Romanian producer prices increase further in April Economy | Jun 4, 2021, 11:15POLITICS
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Parl't to vote on groundwork for commercial accommodation ra... Politics | May 25, 2021, 12:20Parliament
Parliament annuls NGO reporting law Politics | May 18, 2021, 12:35ADVERTISEMENT
Karácsony announces bid for PM Politics | May 17, 2021, 12:25BUSINESS
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Deloitte Hungary announces new head Business | Jun 1, 2021, 11:55ADVERTISEMENT
HBLF elects new president Business | May 27, 2021, 14:35BUDAPEST
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Hungarian national planning terrorist attacks apprehended Budapest | Jun 3, 2021, 11:35ADVERTISEMENT
Crime in capital on the decline Budapest | May 28, 2021, 10:20City
Budapest named 20th most business ambitious city on globe Budapest | May 27, 2021, 13:10 About us Contact us Partners Privacy Policy Terms of Use Cookies Advertise with us Work with us__ __
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