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• Business

  Dunaferr raises wages by 13% on average

  

  Iron- and steel group Dunaferr announced it will raise the salary of its employees by an average of 13% in 2019, after signing a deal with trade union representatives this week, the company told the Budapest Business Journal.

   Fri, Feb. 15, 2019, 16:00

  • Dunaferr
  • industry
  • wage
  • raise
• Economy

  Farmgate prices up 5.8% in December - KSH

  

  Farmgate prices in Hungary were up 5.8% year-on-year in December 2018, the Central Statistical Office (KSH) said today, Hungarian news agency MTI reports.

   Fri, Feb. 15, 2019, 14:30

  • Farmgate
  • prices
  • December
  • KSH
  • agriculture
• Economy

  Work permit quota for non-EU nationals set at 57,000 in 2019

  

  Hungaryʼs Minister of Finance has set the quota for work permits issued to foreign nationals from countries outside of the European Union at 57,000 for this year, a notice published in the latest issue of the official journal Hivatalos Értesítő shows, state news wire MTI says.

   Fri, Feb. 15, 2019, 12:45

  • work permit
  • quota
  • labor
• Business

  Pfizer signs cooperation agreement with SZTE

  

  The University of Szeged (SZTE) has announced a cooperation deal with drugmaker Pfizer Gyógyszerkereskedelmi Kft., which will result in the universityʼs patients being able to access the most modern therapies, according to a report by Szeged.hu.

   Fri, Feb. 15, 2019, 12:00

  • Pfizer
  • SZTE
  • cooperation
  • medicine
  • clinical
  • trial
  • network
  • university
  • health
• Culture

  Telekom Volt Fest announces full international lineup

  

  Organizers of the Telekom Volt Festival, running between June 26-29, announced that its international lineup of performers is now complete, with the likes of Black Eyed Peas and Papa Roach set to perform in Sopron this year, according to a press release sent to the Budapest Business Journal.

   Fri, Feb. 15, 2019, 11:30

  • Telekom
  • Volt
  • Festival
  • music
• Politics

  Cornstein has health issues, Kostelancik takes over temporarily

  

  Deputy Chief of Mission David Kostelancik is temporarily leading the U.S. Embassy in Budapest after Ambassador David B. Cornstein went to the U.S. for medical treatment, Népszava reported.

   Fri, Feb. 15, 2019, 11:00

  • Kostelancik
  • Cornstein
  • US
  • Embassy
  • health
• Finance

  ÁKK sells HUF 90 bln of bonds at auction, over plan

  

  The Government Debt Management Agency (ÁKK) sold a combined HUF 90.0 billion of bonds at auction on Thursday, HUF 25.0 bln over the original offer on strong demand from primary dealers, state news agency MTI reported.   

   Fri, Feb. 15, 2019, 10:30

  • ÁKK
  • bond
  • auction
  • yield
• Economy

  Economic growth up 5% in fourth quarter of 2018

  

  The gross domestic product of Hungary was up by 5.0% according to raw data, and by 4.8% according to seasonally and calendar-adjusted and reconciled data in the fourth quarter of 2018, compared to Q4 2017, according to a flash estimate released Thursday by the Central Statistical Office (KSH). Full-year growth is estimated at 4.8%.

   Fri, Feb. 15, 2019, 10:00

  • GDP
  • growth
  • economy
  • KSH
  • Q4
  • Varga
• Real Estate

  South Buda office market faces new challenges after 2018 changes

  

  The South Buda office market went through drastic changes in 2018, with thousands of office areas vacated during the year, while the submarket had the lowest vacancy rate at the beginning of the year. Facing new challenges, new developments in 2019 will create a more diverse situation, says real estate advisor Robertson Hungary.

   Fri, Feb. 15, 2019, 09:30

  • South Buda
  • market
  • real estate
  • office
  • vacancy
  • Robertson
• News

  Marriage rate in Hungary above EU average

  

  According to a report by the EUʼs official statistical agency, Eurostat, the marriage rate in Hungary is above the EU average, with 5.2 marriages every year for 1,000 inhabitants.

   Fri, Feb. 15, 2019, 09:00

  • Hungary
  • marriage
  • rate
  • EU
  • Eurostat