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18/06/2022

📌 "A MOL-nál átlagosan 11 évet tölt egy munkavállaló, ami kiemelkedőnek számít az egész szektorban." Interjú Bauer Dáviddal, a MOL Magyarország HR-igazgatójával.👇

A HR jövőjét az adatvezérelt döntéshozatal fogja meghatározni, de a digitalizáció ellenére továbbra is fontos lesz a személyes jelenlét – véli a MOL Magyarország HR-igazgatója. Bauer Dávid szerint a…

14/06/2022

📌 So in the event of a protracted military conflict, pensioners are unlikely to receive a pension premium.👇

Economic growth in Hungary could fall to 3.3 percent this year if the Russian-Ukrainian war drags on. Pensioners will not receive a pension premium if GDP growth remains below 3.5 percent.

14/06/2022

📌 Tungsram is about to cease the production of conventional lighting products and will lay off 1,600 workers in various steps before the end of the year.👇

Tungsram has not built its future on conventional lighting technology, and for four years it has been working hard to build up new, innovative businesses. If it hadn't been for the pandemic, the…

13/06/2022

📌 The latest flash report from the Central Statistical Office shows that the nearly 30 percent growth in the sales of consumer durables drove the sector's performance the most.👇
https://buff.ly/3aPzIyC

22/04/2022

📌The average price of new and second-hand housing in Hungary rose by 19.5 percent in the last quarter of 2021, an increase unseen since the second quarter of 2019.👇

The preliminary official price index for second-hand housing showed a 20 percent rise at national level in the last quarter of last year, mainly due to the rise in the price of residential real estate in cheaper locations.

22/04/2022

📌The change will mean a price increase of around 35 percent for consumers.👇

In Budapest, the initial charge for passenger transport will rise to 1,000, the kilometre charge to 400 and the per-minute charge to 100 forints from 9 May, if the proposal is approved by the General Assembly of Budapest next Wednesday, the Deputy Mayor General announced.

22/04/2022

📌The Finance Ministry's State Secretary for parliamentary affairs stressed that those who had not automatically received their tax refund by 14 February 2022 could claim it in their tax returns.👇

So far, more than 162,000 parents with children who are eligible to receive a family tax refund have filed their tax returns. In total, they have already claimed back around 50 billion forints in tax, said András Tállai.The Finance Ministry's State Secretary for parliamentary affairs stressed that...

09/03/2022

📌In early January, GVH released the domestic results of the EU-wide survey reviewing the display of consumer opinions in online commerce.

Most of the rating systems used by retailers do not accurately reflect consumer opinions in the online space.

09/03/2022

📌This means that Hungary now has the highest public participation in financing the country’s public debt in Europe, the minister pointed out.

The role of foreigners is declining, while the role of Hungarian families in debt financing is growing: in 2010, 60 percent of debt was in the hands of foreigners, today it is one third.

09/03/2022

📌Budapest's role in Hungarian hospitality is starting to return to its previous level.

According to data from online cash registers, it generated almost 26 percent higher revenue than a year earlier, falling only less than 3 percent short of the 2019 figures.

09/03/2022

📌 The global shipping crisis will therefore certainly not be resolved in the short term, claims Zsolt Barna, CEO of Waberer's International Nyrt.

The fact that demand and thus the need for shipping is growing by an average of 10 percent a year, and the transport market is unable to keep up with that - claims Zsolt Barna, CEO of Waberer's International Nyrt.

09/03/2022

📌The European Central Bank cannot ignore persistently higher inflation, because the longer it is persisting, the more it can change inflation psychology and lead to excessive wage and other cost increases in the medium term – according to Peter Praet.

The European Central Bank cannot ignore persistently higher inflation, because the longer it is persisting, the more it can change inflation psychology and lead to excessive wage and other cost increases in the medium term – according to Peter Praet. The former chief economist and executive board ...

04/02/2022

📌 He has my complete support and endorsement for re-election as Prime Minister! wrote the former president in a statement released on the website of his Save America campaign.👇

Former US President Donald Trump endorsed Prime Minister and Fidesz president Viktor Orbán, ahead of the parliamentary elections later this spring, in a statement last Monday. Viktor Orbán truly loves his country and wants safety for his people. He has done a wonderful job in protecting his countr...

04/02/2022

📌 Last year, trade turnover in Hungary increased by 3 percent compared to 2020.👇

11/01/2022

📌 "We increased the amount of the fine to between 200,000 and 2 million forints in order to encourage companies to comply with the law." Interview with Nikoletta Keszthelyi, Deputy State Secretary for Consumer Protection at the Ministry of Innovation and Technology (ITM).👇

There have been significant changes in consumer protection in recent years. The commercial sector is voluntarily adapting its practices to the needs of customers in the interest of businesses, but legislative changes are also needed to enforce fair trading.

11/01/2022

📌 The contract portfolio of construction companies was 6.7 percent higher at the end of October than a year earlier.👇

In October, the output of the construction industry in Hungary was 14.5 percent higher than a year earlier, with the construction of buildings up by 19.7 percent and that of other construction by 9.7 percent, the Central Statistical Office reported.

11/01/2022

📌 With the proposed changes, Hungary undertakes a legal obligation to reinstate in the Hungarian real estate register the usufruct rights that were abolished by the Parliament in 2014 as part of a comprehensive land regulation package.👇

Usufruct rights to Hungarian farmland from which foreign citizens and legal entities were stripped years ago will be re-entered in the real estate register.

11/01/2022

📌 In the future, the largest supermarkets will be obliged to donate their food products to the Food Rescue Centre Non-profit Ltd. 48 hours before the expiry of their ‘best-before’ date.👇

The largest supermarkets will be required to submit their first food waste reduction plan by the end of May next year – an amendment to a bill aimed at reducing food waste submitted on the same day was passed by Parliament's legislative committee on Monday.The Agriculture Ministry’s proposal to ...

11/01/2022

📌 Barnabás Virág, Deputy Governor of MNB emphasized that the key priority for the central bank is to reduce inflation and inflation expectations.👇

The main enemy of the Hungarian National Bank (MNB) is inflation, so interest rate hikes will continue in 2022, Barnabás Virág said at a central bank press conference. MNB decided to phase out the government securities purchase program started in May 2020 and stop purchases immediately. The Moneta...

17/12/2021

📌 We interviewed Csaba Gyutai, CEO of ÉMI - a Non-Profit Limited Liability Company for Quality Control and Innovation in Building, who was appointed government commissioner four months ago tasked with the responsibility of curbing the drastic rise in construction material prices and alleviating current product shortages.👇

The price of certain construction materials already started to fall in September, and by October there was already a 10 to 15 percent decrease in some prices. However, they are still higher than before the pandemic.

17/12/2021

📌 We asked Ákos Jáhny, head of Get Work Trend Kft., a company providing temporary staffing services.👇

Certified employers to recruit workers from nine non-EU countries for jobs in Hungary. How will recruitment be done in Vietnam?

17/12/2021

📌 Mihály Varga said that Hungary had successfully managed its debt in the midst of the difficulties caused by the pandemic, extending the maturity of overdue debts from four to six years and further increasing the role of the population in financing.👇

Growth is expected to be 6.8 percent this year .

17/12/2021

📌 Historical data available in the databases show that a total of nearly 22,000 patent applications were filed by the 100 Hungarian companies that produce the largest gross added value (TOP100).👇

Nearly 31,000 industrial property rights applications are related to the largest Hungarian companies, but 97 percent of them are related to only 5 companies, a recent study by the Hungarian Intellectual Property Office (HIPO) reveals.

25/11/2021

📌"Diligent serves more than 25,000 organizations in 130 countries with its modern governance tools and thus has a unique insight into the development of corporate cultures." Interview with Brian Stafford, the CEO of Diligent Corporation.👇

Brian Stafford, the CEO of Diligent Corporation told növekedés.hu, a challenge that many SMEs will face in the future is whether they can rise to the next level of digital transformation, which is incorporating artificial intelligence and data-driven governance into their operation. Diligent Corpo...

25/11/2021

📌Overall, the WWF’ evaluation paints a very positive picture of the activity of Hungary’s central bank related to sustainability.👇

Hungary is becoming more visible on the global green financial map: a global sustainable sustainability analysis published recently, includes Hungary and the MNB in the forefront in many respects. Meanwhile, thanks to the OTP Bank there is the first Hungarian financial participant in one of the most...

25/11/2021

📌 The first significant step of the triple bank fusion, the merger of Budapest Bank and MKB Bank, is planned to take place on 31 March 2022. 👇

25/11/2021

📌 Around 13 percent of customers eligible for the extension indicated that they wished to continue using the moratorium. 👇

6.5 percent of borrowers will remain in the repayment moratorium after 1 November, according to preliminary data from the Hungarian Banking Association.

25/11/2021

📌 There were almost 1,500 companies and around 2,300 sole proprietorships working in the sector last year. 👇

The coronavirus pandemic had a negative effect on the PR industry in Hungary: the sector's turnover fell from 64 billion forints in the previous year to 48 billion in 2020, the profit after tax did not decrease; while the number of employees in the sector decreased by more than 27 percent, according...

09/11/2021

📌 An extraordinary situation has developed in the European fertiliser industry in the autumn, as the price of natural gas, the most important input for production, has become unpredictable. 👇

Skyrocketing gas prices this year brought about a major crisis in the European fertiliser market, gas being the main cost factor in the sector. Factories are closing down one after the other because of the uncertainty of the situation, which can lead to a shortage of fertilisers and ultimately highe...

09/11/2021

📌 The Minister without Portfolio responsible for Family Affairs stressed that the beneficiaries of the subsidy can raise their children in better conditions.👇

More than 50,000 families have already applied for a home renovation subsidy worth a total of about 65 billion forints, Katalin Novák said in a video published on her social media page on Saturday.The Minister without Portfolio responsible for Family Affairs stressed that the beneficiaries of the s...

27/10/2021

📌 The minister said that rural, family-owned businesses had never played such an important role in the Hungarian economy as they do now.👇

Family-owned, rural small businesses have been considerably strengthened over the past eleven years, so they were able to develop even during the coronavirus epidemic, instead of laying off staff and closing down, Minister of Foreign Affairs and Trade Péter Szijjártó said in Pápa on Friday.

27/10/2021

📌 From now on, customers can only find meat from Hungarian producers on the shelves in ALDI stores, it was revealed at a joint press conference held by ALDI, the Ministry of Agriculture, the Hungarian Chamber of Agriculture and the Hungarian Meat Association.👇

ALDI made a remarkable announcement: it will be only selling meat that has been produced in Hungary. The decision was also welcomed by the Ministry of Agriculture and the Hungarian Chamber of Agriculture (NAK). Agriculture Minister István Nagy emphasized that it is extremely important that consumer...

27/10/2021

📌" In Hungary, compared to the 5,000 electric vehicles in use three years ago, there are already 37,000 cars running on the roads with green number plates." Interview with Tamás Czikora, Head of Mobility at MOL.👇

Today, there are still proportionally fewer people using electric chargers than would be needed to cover investment costs. Nevertheless, MOL will continue to install electric charging stations from its own resources and even as a business service for third parties, Tamás Czikora, Head of Mobility a...

14/10/2021

📌 The government will extend the loan repayment moratorium intended to help those in need until June 30, 2022.👇

The government will extend the loan repayment moratorium intended to help those in need until June 30, 2022, government spokeswoman Alexandra Szentkirályi announced in a video message posted on the government’s page on Friday.She noted that the move was also supported by 91 percent of th...

14/10/2021

📌 "For Hungary, predictability is an important point. And due to market realities, it is inevitable to have a longer-term contract with the Russian partner in the portfolio." Interview with Borbála Takácsné Tóth, senior research associate at the Regional Centre for Energy Policy Research (REKK).👇

Ukraine's reaction to the Hungarian-Russian gas contract is unjustified, especially since it was Hungary that withstood for the longest time in the region and resisted renewing the long-term contract, Borbála Takácsné Tóth, senior research associate at the Regional Centre for Energy Policy Resea...

14/10/2021

📌 Moody's also changed the outlook for the Hungarian sovereign rating from positive to stable, the former having been effective since September last year. 👇

Hungary has been upgraded by Moody's Investors Service. The international credit rating agency announced in London that it had improved the Hungarian sovereign debt rating by one notch from Baa3 to Baa2.

01/10/2021

📌 However, the highest level of protection will be over in October, so there will be more and more new infections in the coming weeks, followed a month and a half later by an increase in the number of people needing hospitalization and deaths.👇

The fourth wave of the coronavirus may peak in Hungary around 23 October with 3-5 thousand new cases a day according to professor of physics Gábor Vattay, whose model calculations are based on foreign cases. These show that the number of new infections will increase in the following weeks, first am...

20/09/2021

📌 They expect to reach net sales of 245 million forints in the first year, 456 million in the second and 900 million in the third.👇

Miller Industries Hungary Kft. will manufacture disposable surgical instruments and isolation kits mainly for public hospitals, as well as hyaluronic acid products for medical use. The company received almost 1.2 billion forints in government subsidy for the approximately 2 billion investment projec...

20/09/2021

📌 Analysts had expected 4.7 percent annual inflation for August after the 4.6 percent rate in July.👇

In August, consumer prices were on average 4.9 percent higher than a year earlier and 0.2 percent up month-on-month, the Central Statistical Office (KSH) reported.Analysts had expected 4.7 percent annual inflation for August after the 4.6 percent rate in July.The price of to***co products and fuel h...

20/09/2021

Between 2022 and 2025 approximately 22 billion forints would be available for Hungarian companies facing difficulties because of Brexit, based on the decision of the European Commission.👇

The government will prefinance about 22 billion forints worth of EU funding already this year to support Hungarian companies that are facing difficulties because of Brexit, the foreign ministry quoted Péter Szijjártó as saying after a meeting of the task force responsible for the restart of the e...