• 10 Jun 2023

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Catering Turnover Up Over 30% in Hungary this May

Catering Turnover Up Over 30% in Hungary this May

Compared to the rising base due to the gradual post-Covid reopening a year ago, the volume of catering turnover increased by 34.3% in May after the 89.3% increase in April, while its sales revenue increased by 55.8%, according to profitline.hu.
Major Retailer Sees No Food Shortage But High Prices in Hungary

Major Retailer Sees No Food Shortage But High Prices in Hungary

There is no need to worry that there will be a serious shortage of anything, but the price of some products will rise dramatically, which is simply a fact, Gabriella Heiszler CEO of retail chain Spar Magyarország told personal finance website Pénzcentrum on Monday.
Budapest Only Capital in World to Host 3 World Championships in 10 Years

Budapest Only Capital in World to Host 3 World Championships in 10 Years

President of the International Swimming Federation (FINA) Husain Al-Musallam has expressed thanks to Hungary for hosting the 19th World Aquatics Championships.
Hungary 'Never Proud to be an Outlier in EU'', Say PM's Chief of Staff

Hungary 'Never Proud to be an Outlier in EU'', Say PM's Chief of Staff

Hungary's government aims to find allies and is never proud to be an outlier in "regrettable" debates in the European Union, the prime minister's chief of staff said. But sometimes combatting Brussels necessary to thwart decisions that don’t take Hungary’s interests into consideration, Gergely Gulyás said in an interview with public media website hirado.hu.
Car Industry 'Facing Severe Challenges', Says Hungarian FM

Car Industry 'Facing Severe Challenges', Says Hungarian FM

Like the economy of Europe as a whole, its car industry faces grave challenges in the coming period, the minister of foreign affairs and trade has said.
Housing Market in Hungary Faces Big Challenges over Next 2-3 Years

Housing Market in Hungary Faces Big Challenges over Next 2-3 Years

Property developers face momentous challenges in the next 2-3 years due to ballooning construction and financing costs, a property association head has said.
Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Opposition parties have slammed the Hungarian draft budget submitted on Tuesday as “an austerity budget”. Jobbik deputy leader Dániel Z. Kárpát said the budget contained austerity measures to the tune of 2,000 billion forints (EUR 5.1bn), “including indirect effects”.
Vehicle Production Goes Off-Kilter in Hungary, Slowing National Industrial Output

Vehicle Production Goes Off-Kilter in Hungary, Slowing National Industrial Output

Output of Hungary’s industrial sector rose by an annual 3.1% in April, slowing from 3.6% in the previous month, as output of automotive companies continued to shrink, the Central Statistical Office (KSH) said in a first reading of data.
Wizz Air to Pass on Windfall Tax to Passengers

Wizz Air to Pass on Windfall Tax to Passengers

The windfall tax on airlines will hit Wizz Air particularly hard and slow down the recovery of the sector after heavy losses suffered during the pandemic, chairman Robert Carey told HVG.
Catering Turnover Up Over 30% in Hungary this May

Catering Turnover Up Over 30% in Hungary this May

Compared to the rising base due to the gradual post-Covid reopening a year ago, the volume of catering turnover increased by 34.3% in May after the 89.3% increase in April, while its sales revenue increased by 55.8%, according to profitline.hu.
Major Retailer Sees No Food Shortage But High Prices in Hungary

Major Retailer Sees No Food Shortage But High Prices in Hungary

There is no need to worry that there will be a serious shortage of anything, but the price of some products will rise dramatically, which is simply a fact, Gabriella Heiszler CEO of retail chain Spar Magyarország told personal finance website Pénzcentrum on Monday.
Budapest Only Capital in World to Host 3 World Championships in 10 Years

Budapest Only Capital in World to Host 3 World Championships in 10 Years

President of the International Swimming Federation (FINA) Husain Al-Musallam has expressed thanks to Hungary for hosting the 19th World Aquatics Championships.
Hungary 'Never Proud to be an Outlier in EU'', Say PM's Chief of Staff

Hungary 'Never Proud to be an Outlier in EU'', Say PM's Chief of Staff

Hungary's government aims to find allies and is never proud to be an outlier in "regrettable" debates in the European Union, the prime minister's chief of staff said. But sometimes combatting Brussels necessary to thwart decisions that don’t take Hungary’s interests into consideration, Gergely Gulyás said in an interview with public media website hirado.hu.
Car Industry 'Facing Severe Challenges', Says Hungarian FM

Car Industry 'Facing Severe Challenges', Says Hungarian FM

Like the economy of Europe as a whole, its car industry faces grave challenges in the coming period, the minister of foreign affairs and trade has said.
Housing Market in Hungary Faces Big Challenges over Next 2-3 Years

Housing Market in Hungary Faces Big Challenges over Next 2-3 Years

Property developers face momentous challenges in the next 2-3 years due to ballooning construction and financing costs, a property association head has said.
Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Opposition parties have slammed the Hungarian draft budget submitted on Tuesday as “an austerity budget”. Jobbik deputy leader Dániel Z. Kárpát said the budget contained austerity measures to the tune of 2,000 billion forints (EUR 5.1bn), “including indirect effects”.
Vehicle Production Goes Off-Kilter in Hungary, Slowing National Industrial Output

Vehicle Production Goes Off-Kilter in Hungary, Slowing National Industrial Output

Output of Hungary’s industrial sector rose by an annual 3.1% in April, slowing from 3.6% in the previous month, as output of automotive companies continued to shrink, the Central Statistical Office (KSH) said in a first reading of data.
Wizz Air to Pass on Windfall Tax to Passengers

Wizz Air to Pass on Windfall Tax to Passengers

The windfall tax on airlines will hit Wizz Air particularly hard and slow down the recovery of the sector after heavy losses suffered during the pandemic, chairman Robert Carey told HVG.