HATC SAMPLE EDITION:
|
|
24th April, 2024
Election notifications sent to deceased persons
A family from Halásztelek, in Pest county, raised concerns when their grandmother, who passed away in 2017, and a neighbour who left the country in the 1980s and would have been 116 years old, received election notifications, HVG reports.
|
24th April, 2024
Samsung expanding quietly in Göd
Neither Samsung nor the municipality of Göd have drawn attention to the South Korean company’s plans to expand the EV battery factory in the immediate vicinity of the town by 43,000m2, website Mérce reports.
|
22nd April, 2024
Interior Ministry deploys inspectors to hospitals
The Interior Ministry is sending inspectors to make unannounced visits to hospitals to confirm the presence of medical staff during scheduled working hours and whether patients are present and are receiving the treatment indicated by the hospital in their invoices sent to the state.
|
22nd April, 2024
Magyar Posta plans to enter Croatia
State postal service company Magyar Posta has plans to engage in its profit-making activities in Croatia, CEO Barnabás Balczó told a press conference on Friday.
|
19th April, 2024
Time Out Market coming to Budapest
Time Out Market, a popular gastro market, is scheduled to open in 2025 on the first floor of the recently renovated Corvin Palace department store on Blaha Luzja tér, Portfolio reports, citing a real estate business consultant involved in the project.
|
19th April, 2024
OTP limits online and mobile transfers
OTP bank will automatically set a daily limit transfer of Ft 1 million for internet and mobile banking transactions for retail customers starting May 8.
|
18th April, 2024
Households buy Ft 60bn of state bonds online
Households making use of the possibility of opening treasury accounts online have invested a total of Ft 60 billion in state bonds since this option became available in December, Finance Minister Mihály Varga announced on Facebook on Wednesday.
|
18th April, 2024
Regional fuel price comparison to be published
The Central Statistics Office announced on Wednesday that it will publish weekly comparisons of car fuel prices in Hungary with prices in other countries in the region, starting on Friday.
|
17th April, 2024
Uber to return to Budapest in the summer
Uber will make its return to Budapest eight years after leaving the market but under a new model, working in partnership with Főtaxi, it was announced on Tuesday.
|
17th April, 2024
Vuitton store burglars caught
Police on Tuesday announced the capture of two foreign men suspected of burglarising the Louis Vuitton store on Andrássy út and stealing tens of millions of forints worth of bags, sunglasses and a belt, early Monday morning.
|
16th April, 2024
Influx of Filipino workers rising rapidly
The number of Filipino guest workers in Hungary grew from 1,100 in 2022 to 6,300 in 2023, an unprecedented increase of more than 5,200, Portfolio reports.
|
16th April, 2024
Cyclists to rule the road on Saturday
The Hungarian Cyclists’ Club will hold its major spring I Bike Budapest bicycle parade on April 20, an event that usually attracts thousands of participants.
|
15th April, 2024
Nagy to meet corporate leaders in Germany
Economy Minister Márton Nagy will visit Germany to talk with German Economy and Climate Affairs Minister Robert Habeck, Finance Ministry state secretary Florian Toncar, and leading executives of BMW, Mercedes and Audi, the ministry announced on Friday.
|
15th April, 2024
Nagy warns MOL over fuel prices
Economy Minister Márton Nagy told representatives of MOL and the Crude Oil Association on Friday that they must lower their retail price for petrol as they are not honouring a promise to maintain prices similar to those in the region.
|
11th April, 2024
Free cash withdrawal at post offices
The opportunity for two free cash withdrawals of up to Ft 150,000 a month will be available at post offices, in addition to ATMs, under an amendment approved by Parliament yesterday to harmonise with EU legislation.
|
11th April, 2024
Russian retailer Mere now recruiting
Russian discount chain Mere has already set up a subsidiary in Hungary, TS Retail, with 11 employees, and is recruiting more, Telex reports, citing a Linkedin advertisement.
|
9th April, 2024
Nagy to maintain ceiling on mortgage interest rate
Economy Minister Márton Nagy told a press conference on Monday that he will make a proposal to the government to keep the interest rate cap on home mortgage loans until the end of the year.
|
9th April, 2024
OTP lists East European fund on BSE
OTP launched its East European blue-chip Exchange Traded Fund (ETF) on the Budapest Stock Exchange on Monday.
|
8th April, 2024
New home modernisation programme launched
A New Home Modernisation programme including energy saving loans and subsidies has been launched with a budget of Ft 108 billion, the government announced on Friday.
|
8th April, 2024
EC examines retail tax at Spar’s request
The European Commission is conducting an investigation into the Hungarian retail tax after the Austrian government and retail chain Spar filed a complaint against it, the EU authority told Reuters.
|
5th April, 2024
Libri-Bookline to extend testing of 4-day workweek
Book retailer Libri-Bookline has extended testing of the four-day workweek launched in October 2022 by another year, communications director Orsolya Ludvig told Minner.hu.
|
5th April, 2024
Hungarians have short retirement lives
Hungarians experience one of the shortest retirement periods in Europe, with men averaging 14.5 years and women 20.7 years, according to OECD data.
|
4th April, 2024
Hungarians keep 12% of savings abroad
Hungarians had a total of Ft 1.7 trillion in foreign bank accounts at the end of 2023, equal to 12% of all retail bank deposits, according to data from the MNB.
|
4th April, 2024
Pompidou acquires Hungarian artwork
A painting by László Lakner, one of the most important artists of the Hungarian neo-avant-garde, has been included in the prestigious collection of the Pompidou Centre in Paris.
|
3rd April, 2024
Hungary curbs gas usage by 20%
Hungary last year managed to curb gas consumption by 20% compared to the average of the previous five years, exceeding the 15% target set by the EU for the second straight year, the Energy Ministry announced on Tuesday.
|
3rd April, 2024
Record heat followed by snowfall
Another day of record high heat in Hungary was followed by snowfall in the mountains in the north of the country.
|
2nd April, 2024
Russian discount chain coming
Russian discount retail chain Mere is planning to enter Hungary, website Haszon learned on Monday.
|
2nd April, 2024
Kerosene shortage at Budapest Airport
A flight to Hurghada, Egypt could not leave Budapest on time on Friday, due to a lack of kerosene, RTL learned from passengers.
|
28th March, 2024
Yettel network modernisation nears completion
Hungary’s number two mobile carrier Yettel is set to complete the modernisation of its network comprising more than 4,000 base stations this year, having achieved a 90% completion rate, the company announced.
|
28th March, 2024
Number of ATMs rises on MNB decree
Hungarian banks added 218 ATMs in the period between January 2023 and February 2024 after the MNB ordered lenders to maintain a minimum number of ATMs based on the number of bank cards issued.
|
27th March, 2024
Romania overtakes Hungary in per capita GDP
Romania’s per capita GDP (measured in purchasing power parity) reached 78% of the EU average in 2023, ahead of Hungary’s 76%, Portfolio writes, citing preliminary data from Eurostat.
|
27th March, 2024
Wizz Air launches VR technology in pilot training
Wizz Air has introduced VR technology in its pilot training, as approved by the Aviation Supervisory Authority, the Hungarian-based airline announced on Tuesday.
|
26th March, 2024
EP to debate Chinese police presence in Hungary
The European Parliament (EP) will discuss "Chinese police activity in Europe" during its plenary session on April 10 in Brussels.
|
26th March, 2024
Ganz-Mávag may lose Talgo bid to Stadler
Majority shareholder Trilantic is negotiating to sell its 40% stake in Spanish train manufacturer Talgo to Swiss company Stadler Rail, which could emerge as a rival bidder to Hungary’s Ganz-Mávag, Spanish newspaper El Economista reported.
|
25th March, 2024
City bans Filipinos from driving buses
The city of Budapest has found a legal solution, via its service-ordering contracts, to ensure that no Filipino bus drivers will be employed by Arrivabus, a subcontractor of the Budapest Transport Centre, deputy mayor Ambrus Kiss announced at a press conference on Thursday.
|
25th March, 2024
Food delivery workers plan to form a union
Food couriers working for such platform companies as Wolt and Foodora, are working to set up a trade union, 444 learned on Friday.
|
22nd March, 2024
Richest 1% have the same wealth as the poorest 90%
The richest 1% of Hungary’s population has about one-third of the wealth in the country, the same as the poorest 90%, according to data from Blochamps Capital.
|
22nd March, 2024
Opera performance proceeds without orchestra
Ferenc Erkel’s opera titled László Hunyadi was performed without an orchestra before the stage design for Mozart’s Don Giovanni of the previous night, at the Opera House on Wednesday evening, as a strike by some members of staff entered its second day.
|
21st March, 2024
Dyson plans Hungarian investment
Singaporean company Dyson, a leader in the production of household appliances, is planning an investment in Hungary, Foreign Affairs and Trade Minister Péter Szijjártó announced yesterday after a visit to the city.
|
21st March, 2024
Heavy fine for deceptive gaming company
GVH, the competition watchdog, has fined Deutsche Lotto- und Sportwetten Ft 345 million, because the Malta-based company deceived customers into thinking that they were dealing with state-owned gaming company Szerencsejáték in online gambling, it was announced yesterday.
|
20th March, 2024
Food rescue firm to work with Auchan
Retailer Auchan has teamed up with Hungarian food-saving startup Munch to offer products close to their expiry date at great discounts.
|
20th March, 2024
Czech police will no longer patrol border
The Czech government has decided that Czech police will not continue to patrol the Hungarian-Serb border, as illegal migration has almost come to a halt on the road leading to Hungary via Serbia from the southern part of the Balkans, Czech national police spokesman David Schön announced in Prague on Monday.
|
19th March, 2024
Hungary last in EU on healthcare spending
Hungary spent less on healthcare as a percentage of GDP than every other EU member state in 2022, data from Eurostat reveal.
|
19th March, 2024
Hungarians win Oxford debate contest
Annamária Wirtz and Flóra Zsoldos, two students at the British International School Budapest have won the Oxford Union debate contests, the world’s biggest high school level debate contests, in the English as a second language category.
|
18th March, 2024
Szentkirályi is Fidesz candidate for mayor
Government spokeswoman Alexandra Szent¬királyi will be the Fidesz candidate for the position of mayor of Budapest, it was announced on Thursday.
|
18th March, 2024
Life expectancy below EU average
The life expectancy age in Hungary was 76 years in 2022, while the corresponding life span for EU citizens was 80.6 years, according to a report issued by Eurostat on Thursday.
|
14th March, 2024
MEPs pass media freedom law
Fidesz MEPs dissented yesterday as the European Parliament passed a law on media freedom, designed to impede authorities from exerting pressure on journalists and editors.
|
14th March, 2024
GVH investigates online marketplace Temu
The Competition Office (GVH) announced on Wednesday that it has launched an investigation into the Ireland-registered Whaleco Technology, operator of the Chinese online marketplace Temu in Hungary, suspecting unfair retail practices.
|
13th March, 2024
Housing market shows robust growth
Home sales were up 72% year-on-year to 10,754 in February, the highest figure in 20 months, real estate broker Duna House estimates.
|
13th March, 2024
More companies plan hires than layoffs in Q2
Less than a third of Hungarian employers, 31%, plan new hires in the second quarter, while 22% plan to reduce headcount, according to a survey by recruitment company Manpower covering 525 employers.
|
12th March, 2024
EU authority may be inconvenient to gov’t circles
The future Anti-Money Laundering Authority (AMLA), an EU authority in Frankfurt, will be authorised to ascertain who owns stakes of more than 15% in Hungary-specific so-called private capital funds that are popular among politicians and business leaders close to the government, the anti-corruption website G7 reports.
|
12th March, 2024
Szijjártó hired luxury jet for official trips
Foreign Minister Péter Szijjártó flew on a highly expensive Dutch luxury jet instead of the armed forces airplane on several official meetings last year, Átlátszó reports.
|
11th March, 2024
Fire destroys upper floors of Visegrád hotel
The upper part and the roof of the Hotel Silvanus in Visegrád caught fire on Saturday morning, Pest county Disaster Control confirmed.
|
7th March, 2024
Dispute leaves condo owners homeless
Some 1,500 people who purchased condo-minium units in the largest real estate devel-opment project in Budapest have been unable to move in due to a dispute between the de-veloper, the D&B real estate group, and con-struction company KÉSZ Építő.
|
6th March, 2024
Hungarian tourists spent 47% more abroad last year
Hungarians traveling abroad spent Ft 1.6 trillion outside the country last year, 47% more than in 2022, the Central Statistics Office announced.
|
6th March, 2024
OTP mobile branch hits the road
OTP has launched a mobile bank office, initially servicing smaller communities around Békéscsaba, the bank announced on Tuesday.
|
5th March, 2024
Forint weakens, as divergence from zloty widens
The forint weakened at one point to 396.80 per euro yesterday, hitting a 12-month low not seen since March of last year.
|
4th March, 2024
Home sales explode in February
There were 10,754, homes sold in February, a 72% rise from a year earlier, when the housing market was in an abyss, according to an estimate by property agency Duna House released on Friday.
|
4th March, 2024
Scooter-sharing company Blinkee leaves Budapest
Blinkee is discontinuing its electric scooter-sharing service in Budapest, the mobile phone app-based company announced on Facebook on Friday.
|
1st March, 2024
BUX a global leader last year
The BUX, the benchmark index of the Budapest Stock Exchange, rose by 38% last year and 49% in dollar terms, the second-best performance globally, exchange CEO Richárd Végh told the bourse’s annual awards ceremony on Thursday.
|
1st March, 2024
Opus was best BSE performer in 2023
Opus Global was recognised as the highest gaining stock of 2023 in the Budapest Stock Exchange’s premium category at the annual awards ceremony on Thursday, as the top performers in the capital market were awarded in 25 categories.
|
29th February, 2024
Hungary turns to EC against German gas transit tax
Hungary expects immediate action from the EU regarding the German natural gas transit tax, because the unfriendly measure undermines the competitiveness of East European countries and clearly goes against EU legislation, Fidesz MEP András Gyürk stated in an announcement issued on Wednesday.
|
29th February, 2024
Ft 1.8bn awarded to families of Hableány disaster
A court has awarded almost Ft 1.8 billion in damages to relatives of the victims of the Hableány boat disaster of 2019, HVG reports.
|
27th February, 2024
MNB: price caps did not lower inflation
Government-imposed price caps did not help to reduce food inflation last year, the MNB concluded in its study “Factors behind domestic food inflation” published on Wednesday.
|
26th February, 2024
Schiller opens BYD car sales centre
Auto dealer chain Schiller opened the third sales point in Hungary for Chinese electric car maker BYD on Thursday, as the retailer switched from selling Opel models to selling BYD cars, Villanyautósok reports.
|
26th February, 2024
OTP starts share buyback programme
OTP bank started its Ft 60 billion share repurchasing programme on Friday, buying back 25,500 shares at an average price of Ft 17,488 per share.
|
22nd February, 2024
Authority investigates former minister’s company
The Integrity Authority has filed a complaint in the matter of a cattle farm owned by Biogas Productor, a company owned by former minister János Süli’s family.
|
21st February, 2024
Revolut launches forint accounts
Fintech company Revolut is offering forint savings accounts for Hungarian users, with gross annual interest rates ranging from 1.25% to 4.75%.
|
21st February, 2024
CodeBerry programming school closing down
Online programming school CodeBerry will shut down operations on March 29, after eight years in the business, Index reports. Courses purchased already will be available on the website, they added.
|
|
|
Contact