HATC SAMPLE EDITION:
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20th December, 2024
Forint at two-year low against euro
The forint fell to a historic low against the pound and a two-year low against the euro on Thursday as investors reacted to Wednesday’s hawkish message from the US Federal Reserve and its signals of fewer rate cuts than expected earlier.
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20th December, 2024
MOL works with Mastercard for digital payment
MOL introduced a new app developed in collaboration with Mastercard that allows motorists to pay for fuel directly through their smartphones, Portfolio writes.
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19th December, 2024
Hungarians’ consumption lowest in EU
The actual individual consumption of the Hungarian population, calculated at purchasing power parity, was 70% of the EU average in 2023, the lowest in the EU, alongside Bulgaria, Eurostat reported on Tuesday.
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18th December, 2024
Fireworks banned from downtown
In order to prevent the risk of injury and possible material damage from fireworks, as well as to reduce noise and smoke pollution, the use of pyrotechnic devices in certain parts of the Budapest city centre is restricted leading up to New Year’s Eve.
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16th December, 2024
Karácsony proposes confiscating cars
Budapest mayor Gergely Karácsony has proposed stricter penalties for dangerous speeding in Budapest, suggesting the temporary confiscation of vehicles for six months for the first offence and permanent confiscation for repeat offenders.
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16th December, 2024
Szeged to sue Renault for damages
The Szeged city council has decided to file a request for Ft 100 million in compensation from Renault, because the city purchased 32 waste transport vehicles from Renault in 2005, when the French manufacturer was part of a price cartel, according to a European Commission ruling in 2016.
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13th December, 2024
Strong demand for corporate EV subsidy
More than 4,400 businesses have applied to purchase 5,200 vehicles under the state subsidised EV programme with Ft 30 billion in funding, the Energy Ministry said in a statement.
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13th December, 2024
Shein takes legal action against same-name store
Chinese fast-fashion retailer Shein has publicly denied claims that it has opened a store in a Budapest shopping centre, saying its products are sold exclusively online.
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11th December, 2024
Budapest Airport leads in rate of traffic growth
Passenger traffic in Budapest was up 19.8% year-on-year in October, the fastest growth among 50 European airport hubs tracked by Air Service One in a report.
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11th December, 2024
GVH fines taxi firm for misleading ads
The competition watchdog GVH has fined taxi company City Taxi Ft 2 million for misleading advertising.
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10th December, 2024
Aldi will be open on December 24
Aldi will keep its shops open on December 24, but only until noon, the subsidiary of the German discount retail chain announced on Monday.
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10th December, 2024
World swimming event starts today
The World Short Course Swimming Championships start today in Budapest and will continue until Sunday at the Duna Aréna.
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9th December, 2024
Hungary ready to start talks on Norway Grants
After a long break, negotiations could restart between Hungary and Norway about the utilisation of the Norwegian Grants to Hungarian NGOs.
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6th December, 2024
Russia drops Gazprombank restriction for payments
In response to the new US sanctions levied on Gazprombank on November 21, Russian President Vladimir Putin has modified the regulation that required foreign importers to open a rouble bank account with Gazprombank for natural gas purchase payments, opening up possibilities for solutions for purchasers including Hungary.
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4th December, 2024
Costes Group to open new high-end venue
The Costes Group’s newest venture, Vibe Budapest, is set to open on December 13 in central Pest following a Ft 1.25 billion investment, Forbes writes.
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3rd December, 2024
Gov’t forbids visit by Magyar to child care home
The head of a government-run orphanage in Pécs had accepted a request from Tisza party leader Péter Magyar to visit the institution on Tuesday morning, but the Interior Ministry declared that Magyar may not enter the building.
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2nd December, 2024
6,000 apply to be part of Magyar cabinet
As many as 6,000 people have responded to a recruitment tender issued by the Tisza Party in which Péter Magyar seeks the leaders of the future, Magyar declared in a Facebook post.
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2nd December, 2024
New airline plans flights to China
A new Hungarian airline is being established with a Chinese background, under the name Hungary Airlines, sector website Budflyer reports.
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29th November, 2024
MNB-Nagy tensions resurface
The MNB has rejected accusations made by Economy Minister Márton Nagy, who alleged that central bank governor György Matolcsy sought to hinder his career after Nagy’s departure from the bank in 2020.
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27th November, 2024
Austrian border closures thwart commuters
A road connecting Sopron in Hungary to Burgenland via Klingenbach and Siegendorf has been blocked with a concrete barrier to curb traffic from Hungarian commuters.
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27th November, 2024
Tourist rescued after days lost in Bük Hills
An Argentinian tourist was saved from near-freezing conditions in the Bükk hills on Saturday after being discovered by Attila Simon Juhász, the mayor of Felsőtárkány, and his wife during their morning run.
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25th November, 2024
Forint at two-year low against dollar
The forint weakened from Ft 389 per dollar to Ft 392 on Friday, the currency’s weakest level in over two years.
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25th November, 2024
Snow causes railway chaos
Tensions flared online as Hungary’s rail system crumbled under winter conditions on Friday, as online ticketing systems and information desks were overwhelmed as delays and mishaps accumulated.
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21st November, 2024
Sára threatens to demolish opposition MP’s house
Government commissioner for Budapest Botond Sára, a Fidesz politician, is preparing to have independent MP Bence Tordai’s house demolished, on the grounds that it was built without a permit, and the law mandates the demolition of any house built irregularly or illegally.
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21st November, 2024
Giant Lego tram rolls into Deák tér
The team put together by Budapest mass transit company BKV, Budapest Brand and Lego has produced a life-sized Lego tram, now on display on downtown Deák tér during the Advent season.
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18th November, 2024
Bpest Airport becomes Chinese hub for East Europe
Liszt Ferenc International Airport has now become the largest storage and distribution centre in East Europe for parcel traffic from China, website 24 learned from the data of the tax authority NAV.
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18th November, 2024
Winter eviction moratorium starts
The winter moratorium on evictions from homes started on November 15 and will last until the end of April, according to the NGO Street Lawyer.
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14th November, 2024
Vogel responds to Magyar complaint
“Not long ago he wanted to put a ring on the finger of the hand which he would now put in handcuffs,” Péter Magyar’s ex-girlfriend Evelin Vogel wrote on her Facebook page on Wednesday.
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14th November, 2024
Fewer foreigners buying homes
Roughly 6,300 foreign citizens bought residential units in Hungary in 2023, which is 1,700 fewer than a year earlier, but in some districts of Budapest, one in five apartments sold went to a foreign buyer.
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14th November, 2024
Fewer foreigners buying homes
Roughly 6,300 foreign citizens bought residential units in Hungary in 2023, which is 1,700 fewer than a year earlier, but in some districts of Budapest, one in five apartments sold went to a foreign buyer.
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13th November, 2024
Jobbik wants Christmas Eve holiday
Jobbik MP Péter Balassa has submitted an amendment motion, for the fifth consecutive year, to have Christmas Eve declared a national holiday, Portfolio reports.
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13th November, 2024
Court rules in favour of fired teachers
A court yesterday awarded Ft 50 million to four teachers who had opted for “extraordinary resignation”, who were not paid overtime money which would have been roughly Ft 200,000, ATV reports.
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12th November, 2024
Wizz Air to issue more multi-flight passes soon
Wizz Air will issue All You Can Fly passes again in the coming weeks, CEO József Váradi announced on Monday, according to British media reports.
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12th November, 2024
Balaton Sound cancellation confirmed
"We announce with a sad heart that Balaton Sound will be forced to rest in 2025, so it will definitely not be staged next year," the organisers wrote on Facebook on Monday.
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11th November, 2024
Liberty Steel asks for gov’t assistance
Liberty Steel needs short-term support from the government and other stakeholders to restart production and manufacturing, the steelworks in Dunaújváros said on Saturday.
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11th November, 2024
GVH joins EU action against Temu
The Consumer Protection Cooperation Network (CPC) of the EU’s consumer protection authorities – including Hungary’s GVH – and the EC launched a joint action against Chinese online retailer Temu in order to protect consumers, the GVH announced on Friday.
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8th November, 2024
Europeans ask Trump to support Ukraine
European leaders holding a meeting in Budapest on Thursday urged US president-elect Donald Trump not to launch trade wars, to sustain the funds extended to Ukraine and abstain from disrupting the current global order, Reuters reported.
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8th November, 2024
Revamped Gellért hotel to attract wealthy Asians
The BDPST group has set its sights on rich Asians as it renovates the Hotel Gellért with plans to reopen the hotel in 2027, prime minister Viktor Orbán’s daughter, Ráhel Orbán, told a Thursday conference.
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4th November, 2024
Gattyán to buy minority stake in Playboy
Pornography entrepreneur György Gattyán will obtain a minority stake in Playboy by buying $300 million worth of shares over 15 years, according to documents filed with the SEC in the US, Blikk reports.
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4th November, 2024
Nearly 100 lawyers to give free legal advice
Nearly 100 lawyers in Budapest will be available for an entire day to provide legal assistance to those financially strapped.
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31st October, 2024
Gov’t pays above market rate for Ft 450mn property
The government has purchased a 96-square metre apartment on Budapest’s Vértanúk tér, near Kossuth tér, for Ft 450 million.
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31st October, 2024
Tchibo coffee rebrands as Eduscho
The Tchibo Family coffee brand will be replaced by Eduscho Family, a brand which is 100 years old this year, the coffee producer has decided.
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30th October, 2024
Free cash ATM limit to be increased
The monthly maximum for free cash withdrawals from ATMs will be raised from Ft 150,000 to Ft 250,000 if Parliament’s economy committee and MPs support the proposal unanimously approved in the consumer protection subcommittee on Tuesday, independent MP Bence Tordai announced on Facebook.
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30th October, 2024
Film production credit extended
The Hungarian film subsidy system has been secured for another six years, until 2030, Csaba Káel, the government commissioner for the development of the motion picture industry, announced in Los Angeles on Monday night.
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29th October, 2024
MÁV stops reporting punctuality info
After posting record low punctuality rates for July and August, state railway company MÁV has not published the September data, mass transit campaigner Dávid Vitézy noted on Facebook.
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28th October, 2024
County doubles local tax on Samsung
At the proposal of the Momentum party, the Pest county council has doubled the local turnover tax from 1% to 2% for Samsung’s EV battery factory in Göd, Magyar Narancs learned on Friday.
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28th October, 2024
New destinations for Budapest Airport
There will be nine new flights from Budapest in the winter schedule that entered into effect on October 27, the operator of Budapest’s international airport announced on Sunday.
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25th October, 2024
BDPST group renovating Hotel Gellért
The BDPST group has begun the renovation of Buda’s Hotel Gellért under comprehensive heritage protection regulations, Világgazdaság writes.
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25th October, 2024
JYSK opens 100th Hungarian store
Danish home furnishings retailer JYSK opened its 100th outlet in Hungary and its third one in Debrecen on Thursday.
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