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• Business

  Taxify to extend service to Debrecen

  

  Transportation network operator Taxify is set to launch the test phase of its ride-sharing service in Debrecen in a few weeks, after the conclusion of the search for drivers in the city, according to a press release sent to the Budapest Business Journal.

   Thu, Sept. 20, 2018, 12:57

  • Taxify
  • Debrecen
  • ride sharing
  • service
• Culture

  Budapest Central European Fashion Week in October

  

  The bi-annual Budapest Central European Fashion Week takes place in the capitalʼs Várkert Bazár this October 25-27, offering a variety of programs for visitors both domestic and foreign.

   Thu, Sept. 20, 2018, 12:42

  • Budapest
  • fashion
  • event
  • designer
  • Mercedes-Benz
  • Várkert Bazár
• Economy

  MNB sees CPI dropping to target from mid-2019

  

  Inflation will remain slightly over 3% in the short term, but underlying developments will ensure the achievement of the inflation target in a sustainable structure from mid-2019, the National Bank of Hungary (MNB) said in a quarterly report released Thursday, summarized by Hungarian news agency MTI.

   Thu, Sept. 20, 2018, 12:01

  • CPI
  • consumer price index
  • inflation
  • MNB
  • forecast
• Economy

  Report casts doubt over wage rises

  

  While the Central Statistical Office (KSH) claims that real wages have increased by 21% in the past three years, national accounts – which add up all the income from labor from the 4.4 million people who participate in economic production – show only a 3-4% rise, online management forum mfor.hu reported.

   Thu, Sept. 20, 2018, 11:59

  • Wages
  • KSH
  • statistics
  • earnings
  • mfor.hu
  • report
• Finance

  ÁKK sells HUF 37.5 bln of securities at auction, over plan

  

  The Government Debt Management Agency (ÁKK) sold a combined HUF 37.5 billion of securities at auction on Thursday, HUF 1.5 bln more than its original offer, state news wire MTI reported.

   Thu, Sept. 20, 2018, 11:47

  • akk
  • t-bill
  • bond
  • auction
  • yield
• Real Estate

  Skanska starts third phase of Nordic Light office project

  

  Skanska is investing around EUR 29 million in the third phase of the Nordic Light office complex. Located in the 13th district of Budapest, with a total leasable area of 14,000 square meters, the project is expected to be completed in the second quarter of 2020.

   Thu, Sept. 20, 2018, 11:04

  • Skanska
  • Nordic Light
  • real estate
  • office
  • Budapest
• Business

  Six teams in Design Terminalʼs Mentoring Program

  

  Six of 215 applying startups have been selected to participate in Design Terminalʼs Mentoring Program this fall, with the program attracting startup enterprises from 56 countries around the globe, according to a press release sent to the Budapest Business Journal.

   Thu, Sept. 20, 2018, 10:00

  • Design Terminal
  • startup
  • mentoring
• Business

  Hirschler Glas inaugurates HUF 413 mln production hall

  

  Hungarian-owned vehicle rear view mirror maker Hirschler Glas inaugurated a HUF 413 million production hall at its base in Sopron (189 km west of Budapest) on Wednesday, state news agency MTI reported.

   Thu, Sept. 20, 2018, 09:37

  • Hirschler Glas
  • inauguration
  • production
  • glass
  • mirror
• Economy

  Deficit target achievable with ‘robust’ spending control, says Fiscal Council

  

  In a biannual opinion on budget trends released on Wednesday, Hungaryʼs Fiscal Council said the governmentʼs deficit target of 2.4% of GDP for this year is achievable but will require "robust control of expenditures, especially in the case of central budget-funded institutions."

   Thu, Sept. 20, 2018, 09:15

  • Fiscal Council
  • deficit
  • target
  • spending
  • expenditure
  • budget
• Business

  Richterʼs Romanian subsidiary re-obtains license to operate

  

  Hungarian pharmaceutical company Gedeon Richter announced Wednesday that, with effect from September 18, the Romanian National Agency for Medicines and Medical Devices has once again granted a license to operate to Pharmafarm SA, Richter’s wholesale subsidiary in the country. 

   Thu, Sept. 20, 2018, 08:33

  • Richter
  • Pharmafarm
  • license
  • Romania