Category Archives: English news
IKEA Hungary sales climb 8.5pc
Swedish home furnishings retailer IKEA’s sales in Hungary rose 8.5pc to HUF 98bn in its business year ended August 31, IKEA regional retail manager Mounia El Hilali said on Thursday.
Rolling avg jobless rate reaches 4.2pc in Dec
Hungary’s three-month rolling average jobless rate reached 4.2pc in December, edging down 0.2 percentage point from the previous month, but climbing 0.9 percentage point from twelve months earlier, data released by the Central Statistics Office (KSH).
Hiventures sells 27pc stake in Webshippy
Hiventures, the venture capital fund manager of the state-owned Hungarian Development Bank (MFB), has sold its 27pc stake in Hungarian e-logistics startup Webshippy to strategic investor Trans-Sped, Hiventures said on Wednesday.
Hungary culls wild boar to contain ASF
Lajos Bognar, Hungary’s chief veterinarian said Hungary’s wild boar population must be culled to prevent the spread of African swine fever (ASF) in an interview on public television on Wednesday.
Half of Hungarians seek greater job security post-pandemic
Half of Hungarians say they desire or expect greater job protection after Covid-19 has passed, according to a survey by staffing company Randstad.
Govt websites hit by cyber attacks
A number of Hungarian government portals have been affected by a coordinated series of cyber attacks in recent days, government website kormany.hu said on Tuesday.
Szeged uni honors Katalin Kariko, alumna who filed mRNA patent
The Hungarian-born biochemist Katalin Kariko, whose decades of work with mRNA technology was instrumental in the development of the BioNTech/Pfizer Covid-19 vaccine, will be awarded an honorary doctorate by her alma matter, the University of Szeged (SE Hungary).
Employers, unions reach deal on minimum wage rise
Representatives of employers and unions associations signed an agreement on Monday on a close to 4pc minimum wage rise from February 1.
Consumer, business confidence improve
Consumer and business confidence improved in January from the previous month, economic research institute Szazadveg’s gauges of sentiment show.
Policy makers keep base rate on hold + inflation forecast
The Monetary Council of the National Bank of Hungary (NBH) decided to leave the central bank base rate unchanged, at 0.60pc, at a monthly policy meeting on Tuesday.
László Bige: Nitrogénművek Zrt. outperforms expectations
This year has been exceptionally good for the Bige group. Nitrogénművek Zrt. is on course to finish one of its most successful year, the owner of the company commented in an interview in Vidék Magazine.
AKK puts 2021 net financing requirement at HUF 3,332bn
The Government Debt Management Agency (AKK) puts next year’s central budget net financing requirement at HUF 3,332bn, to be financed by HUF 1,913bn of net securities issues as well as by using liquidity reserves created in 2020 and a bond issue in November 2020, a financing plan published on Monday shows.
Coca-Cola expands capacity at Hungary mineral water plant
Coca-Cola HBC Magyarorszag has completed a HUF 300m expansion at its mineral water bottling plant in Zalaszentgrot (W Hungary), boosting output by 20pc, the soft drink company said.
‘Reason triumphs’, ‘Hungarian money defended’ at Brussels summit – Orban
Prime Minister Viktor Orban said „reason triumphed” and „Hungarian money was defended” at a summit in Brussels on Thursday where European Union leaders debated attaching conditions to payouts from the EU budget and recovery fund.
Higher prices lift value of farm sector output 4.1pc in 2020
Gross value of the output of Hungary’s farm sector rose 4.1pc to HUF 2,953bn in 2020, the Central Statistics Office (KSH) said in a first estimate.
Food companies dampen industrial output growth in Oct
Industrial output in Hungary edged up 0.6pc year-on-year in October as a contraction in the food, drinks and tobacco products segment stifled growth, a detailed release of data by the Central Statistics Office (KSH).
