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Latest Articles

  • Hungary economy

    Hungary in “excellent position” in terms of food security

    By Arthur Holmes
    April 9, 2022
    Nicolas Pongratz Saturday, April 9, 2022, 10:55 AM The important role of agriculture and the food industry in Hungary’s economic strategy for the coming ...
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  • Budapest mortgages

    Hungary denies Orban mentioned possible EU withdrawal

    By Arthur Holmes
    April 8, 2022
    European Commission President Ursula von der Leyen told Ukraine that the European Union stood by its side and would continue to support kyiv by ...
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  • Hungary banks

    What comes after neoliberalism? And is it worse? ‹ Literary Center

    By Arthur Holmes
    April 8, 2022
    Tourists make historical pilgrimage Mitteleuropa observe the past. But I have spent the last few days in the Hungarian city of Budapest looking to ...
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  • Hungary economy

    Unknown activists vandalize villas in Italy owned by pro-Kremlin propagandist

    By Arthur Holmes
    April 7, 2022
    Ukraine is pressing NATO for more weapons as Russia is expected to reposition its forces before launching a major offensive in southeastern Ukraine. Ukrainian ...
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  • Budapest real estate

    The ConvergenCE project management team is growing

    By Arthur Holmes
    April 7, 2022
    Gábor Zeley, an experienced real estate expert, has joined investor and developer ConvergenCE, according to a press release sent to the Budapest Business Journal. ...
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  • Hungary banks

    Live updates: IEA to release 120 million barrels of oil from emergency reserve

    By Arthur Holmes
    April 6, 2022
    The price of oil fell on Wednesday after a group of the world’s largest consumers said it would tap into emergency stocks to counter ...
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  • Budapest mortgages

    Hungarian Orban aims to maintain price cap and flags exceptional taxes

    By Arthur Holmes
    April 6, 2022
    BUDAPEST, April 6 (Reuters) – Hungary will strive to maintain the price cap beyond its imminent expiry in the first half of 2022 unless ...
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  • Hungary economy

    Hungarian Foreign Ministry summons Ukrainian envoy for ‘insults’

    By Arthur Holmes
    April 6, 2022
    Hungarian Foreign Minister Peter Szijjarto addresses the 76th session of the United Nations General Assembly, at the United Nations headquarters in New York, U.S., ...
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  • Budapest mortgages

    EU crisis after warning that Orban’s ‘Huxit’ plan had ‘already started’ before election victory | World | News

    By Arthur Holmes
    April 5, 2022
    Hungarian Prime Minister Viktor Orban won his country’s election on Sunday as the EU braces for fresh clashes with the perceived autocratic. Orban appeared ...
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  • Budapest real estate

    Skanska Hungarian Headquarters Receives WELL Health and Safety Certificate

    By Arthur Holmes
    April 5, 2022
    Skanska’s headquarters in Hungary, located in the Nordic Light office complex, has received WELL Health & Safety certification, according to a press release sent ...
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  • Budapest mortgages

    Hopeful hands reach out to women and children with desperate stories of flight to Ukraine

    By Arthur Holmes
    April 5, 2022
    A When the train from Ukraine stopped at platform 5 at Zahony station on the Hungarian border, a dozen police officers boarded and began ...
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  • Hungary banks

    Venture into a new payment frontier

    By Arthur Holmes
    April 4, 2022
    Contrast that with the myriad ways to pay consumers – digital wallets, peer-to-peer instant payments, and even cryptocurrencies. This rapid evolution requires providers not ...
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  • Hungary economy

    Hungarian Orban prepares for a difficult mandate after a landslide victory in the elections | Election News

    By Arthur Holmes
    April 4, 2022
    The conservative nationalist party Fidesz won the Hungarian general elections on April 3, securing a fourth consecutive mandate for its leader, Prime Minister Viktor ...
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  • Budapest mortgages

    Morning update: As atrocities in Bucha spark global horror, some Ukrainian refugees return home to Kyiv region, hope the worst is over

    By Arthur Holmes
    April 4, 2022
    Hello, As images of brutality in the outskirts of kyiv sparked global horror and demands for war crimes investigations, a Russian retreat that left ...
    Read More
  • Hungary banks

    Reviews | Ukraine is the first real world war

    By Arthur Holmes
    April 3, 2022
    US-based commercial satellite companies like Maxar Technologies allowed anyone to see from space hundreds of desperate people queuing for food outside a supermarket in ...
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  • Hungary economy

    When people defend themselves in a war of annihilation, there are no unimportant things

    By Arthur Holmes
    April 2, 2022
    When people fight back in a war of annihilation, when it comes to the life or death of millions of people, there are no ...
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  • Budapest real estate

    MIPIM 2022 sees the return of large-scale exhibition events

    By Arthur Holmes
    April 1, 2022
    Delegates at the Budapest/Hungary stand at MIPIM 2022. Hungary and Central European countries such as Poland and the Czech Republic attracted strong attendance at ...
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  • Budapest real estate

    Integration of property sustainability into broader regularity systems

    By Arthur Holmes
    April 1, 2022
    With the growing need for third-party accountability, commercial property sustainability accreditation systems are already being devised for various types of projects, and not just ...
    Read More
  • Budapest mortgages

    Election in Hungary: EU faces a blow this Sunday as Orban prepares to win a fourth term | World | News

    By Arthur Holmes
    April 1, 2022
    Viktor Orban’s ruling Fidesz party has maintained a slim lead over an opposition alliance ahead of Sunday’s legislative elections, a survey by think tank ...
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  • Hungary economy

    One in nine inhabitants of Cyprus is a foreigner

    By Arthur Holmes
    April 1, 2022
    The percentage of resident citizens of other countries living in Cyprus, both from European Union member states and non-EU countries, is more than 10%, ...
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  • Budapest real estate

    Immofinanz signs contracts for 65,000 m² in 2021

    By Arthur Holmes
    March 31, 2022
    Immofinanz – one of the biggest investors in the region – signed contracts in the retail and office sector for a total of more ...
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  • Budapest real estate

    The effects of the real estate market augur further price increases

    By Arthur Holmes
    March 31, 2022
    Nicolas Pongratz Thursday, March 31, 2022, 10:45 a.m. Residential Photo by Andrey_Popov / Shutterstock.com At the moment, all market effects point to a further ...
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  • Hungary economy

    EIB Group invests EUR 891m in Hungary in 2021

    By Arthur Holmes
    March 29, 2022
    The European Investment Bank Group provided a total of 891 million euros to the Hungarian economy in 2021, a record volume of investments in ...
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  • Budapest real estate

    Cassandra Peterson defends the casting of Rob Zombie

    By Arthur Holmes
    March 28, 2022
    The horror icon also talks about her exciting new role. Cassandra Peterson, perhaps better known as Elvira, is one of horror’s most recognizable faces. ...
    Read More
  • Budapest mortgages

    Hungarian opposition makes last-ditch push to alienate voters from Viktor Orban

    By Arthur Holmes
    March 28, 2022
    Just days before Hungary’s closest election in a decade, opposition flag bearer Peter Marki-Zay is campaigning, trying to convince voters that time is up ...
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  • Hungary economy

    Hungarian Orban criticized for his “neutrality” in the war in Ukraine

    By Arthur Holmes
    March 26, 2022
    BUDAPEST, Hungary — Widely seen as Russian President Vladimir Putin’s closest ally in the European Union, Hungarian Prime Minister Viktor Orban has sought to ...
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  • Budapest real estate

    Ophthalmologist John H. Merey Shares His Holocaust Survival Story

    By Arthur Holmes
    March 25, 2022
    (March 25, 2022 / Florida Jewish Journal) Dr. John H. Merey, who practices ophthalmology in West Palm Beach, Florida, was born in Budapest, Hungary, ...
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  • Hungary banks

    “Decide who you are with”, Ukrainian leader tells Viktor Orbán | Ukraine

    By Arthur Holmes
    March 25, 2022
    Ukrainian President Volodymyr Zelenskiy told Hungarian Prime Minister Viktor Orbán to choose a side when it comes to Russia’s invasion of Ukraine during a ...
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  • Budapest mortgages

    Hungarian women have the sixth longest saving period in Europe to become homeowners

    By Arthur Holmes
    March 25, 2022
    Despite Europe’s third-cheapest average house price (€93,600), it would take Hungarian women 11 years to save for a mortgage. With Hungarian men saving 22.04% ...
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  • Hungary economy

    EU strikes LNG deal with US to reduce dependence on Russian gas | Russia–Ukraine War

    By Arthur Holmes
    March 25, 2022
    The European Union and the United States are expected to unveil an agreement on Friday to supply Europe with American liquefied natural gas (LNG), ...
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  • Budapest real estate

    IMMOFINANZ enters the segment of coworking spaces in Romania with mycowork

    By Arthur Holmes
    March 24, 2022
    IMMOFINANZ, one of the leading companies in the local real estate market, announces the launch of the successful mycowork, a myhive flexible office product ...
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  • Hungary banks

    EU seeks tougher sanctions on Russia without touching energy

    By Arthur Holmes
    March 23, 2022
    A European Union flag flies in front of the Berlaymont in Brussels on October 7, 2020. (Geert Vanden Wijngaert/Bloomberg) The European Union is considering ...
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  • Hungary economy

    Business News | Stock and Equity Market News | Financial News

    By Arthur Holmes
    March 23, 2022
    Search mutual fund quotes, news, net asset values ...
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  • Budapest real estate

    Budapest ONE office building receives WELL and BREAM certifications

    By Arthur Holmes
    March 22, 2022
    The first phase of Futureal Group’s Budapest ONE office building, already completed, has received WELL Health-Safety certification, which focuses on the health and well-being ...
    Read More
  • Hungary banks

    Rising Bond Yields, Evergrande Accounts, Nike Earnings

    By Arthur Holmes
    March 22, 2022
    © Reuters By Geoffrey Smith Investing.com — Bond yields continue to climb after Federal Reserve Chairman Jerome Powell staked bigger and faster interest rate ...
    Read More
  • Budapest mortgages

    Everything you need to know about crypto today (at least for the next 8 hours!), KNEWS

    By Arthur Holmes
    March 21, 2022
    Source: Wells Street by Jane Wells Don’t be intimidated by my title if you don’t know anything about Bitcoin or the Bored Ape Yacht ...
    Read More
  • Hungary banks

    Australia sends more humanitarian aid to Ukraine and bans exports to Russia

    By Arthur Holmes
    March 20, 2022
    Australia will donate more military equipment, humanitarian aid and coal to Ukraine’s efforts to defend against invasion while imposing additional sanctions on Russia. Sunday ...
    Read More
  • Hungary economy

    Editorial: When War News Goes Viral

    By Arthur Holmes
    March 18, 2022
    Photo by goodluz / Shutterstock.com I was struck the other day by a phrase from a seasoned foreign correspondent: she described the war as ...
    Read More
  • Budapest mortgages

    War-induced price spike undermines Orban’s low-cost energy policy | The mighty 790 KFGO

    By Arthur Holmes
    March 18, 2022
    By Gergely Szakacs BUDAPEST (Reuters) – By extending the cap on retail fuel prices days before Russia’s invasion of Ukraine, Hungarian Prime Minister Viktor ...
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  • Budapest mortgages

    War-induced price spike undermines Orban’s low-cost energy policy

    By Arthur Holmes
    March 18, 2022
    Orban faces tight elections in two weeks Rising inflation despite price controls on key goods CPI will rise if price controls are lifted – ...
    Read More
  • Budapest mortgages

    Czechs took on debt at record pace in 2021

    By Arthur Holmes
    March 18, 2022
    Regional today Friday, March 18, 2022, 12:00 p.m. Total debt held by Czech households increased by a record CZK 365 billion (about EUR 14.79 ...
    Read More
  • Budapest real estate

    And the winners of the Mipim Awards are…

    By Arthur Holmes
    March 18, 2022
    The Mipim Awards revealed their winners during the 31st edition of Mipim. . Among a wide range of international entries, the winners came from ...
    Read More
  • Hungary banks

    Tributes to Dr. Miriam Hederman O’Brien

    By Arthur Holmes
    March 16, 2022
    Tributes were paid to Dr Miriam Hederman O’Brien, who died on Monday. r Hederman O’Brien (89) has had a distinguished career in public affairs ...
    Read More
  • Budapest real estate

    Seattle entrepreneur creates list of companies boycotting Russia and those that aren’t

    By Arthur Holmes
    March 15, 2022
    A sampling of tech giants that have taken action in Russia. (Source: Ukrainian Coalition) Alex Algard watched in horror as the Russian army invaded ...
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  • Budapest mortgages

    Tens of thousands gather to support Orban in Hungary ahead of elections

    By Arthur Holmes
    March 15, 2022
    BUDAPEST, March 15 (Reuters) – Tens of thousands of Hungarians rallied in support of Prime Minister Viktor Orban in Budapest on Tuesday, as the ...
    Read More
  • Hungary banks

    Lyra Network honored during Franck Riester’s ministerial visit to India

    By Arthur Holmes
    March 15, 2022
    NNA | Update: March 15, 2022 12:42 p.m. STI New Delhi [India]March 15 (ANI/PRNewswire): Lyra Network was awarded the “IFCCI La French Tech Award ...
    Read More
  • Hungary economy

    Last war in Ukraine: EU countries act to ease energy pain

    By Arthur Holmes
    March 14, 2022
    Britain’s health secretary has declared the bombing of a hospital in Mariupol a war crime, as the Russian military offensive closes in on NATO ...
    Read More
  • Budapest mortgages

    Budapest in the TOP10 of the most cultivated spots in Europe

    By Arthur Holmes
    March 13, 2022
    Home to cultural mainstays like the Budapest History Museum, the Globe and the Louvre, Europe has always been renowned for its deep artistic roots. ...
    Read More
  • Hungary banks

    Ukraine prez Zelenskyy ready to discuss all contentious issues with Russia

    By Arthur Holmes
    March 13, 2022
    Almost two weeks have passed since Russian President Vladimir Putin ordered his troops into Ukraine. With soldiers and civilians, the truth has also become ...
    Read More
  • Hungary banks

    RMG shipments to Russia plummet, payments hit hurdles: 150 Bangladeshi exporters watch uncertainty

    By Arthur Holmes
    March 11, 2022
    Ready-to-wear shipments from Bangladesh to Russia and payments from buyers are falling day by day as the country’s war against Ukraine rages on. As ...
    Read More
  • Budapest real estate

    GLOBE TRADE CENTER SA – Changes within the Supervisory Board of Globe Trade Center SA – SENS

    By Arthur Holmes
    March 11, 2022
    Changes in the Supervisory Board of Globe Trade Centre S.A. GLOBE TRADE CENTRE S.A.(Incorporated and registered in Poland with KRS No. 61500)(Share code on ...
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  • Hungary economy

    Soaring oil prices will hurt global economy as war in Ukraine disrupts Russian supplies

    By Arthur Holmes
    March 11, 2022
    The disruption to Russian oil shipments, including the U.S. import ban announced by President Biden on Tuesday, represents one of the largest supply disruptions ...
    Read More
  • Budapest mortgages

    Hungary boosts eligibility for subsidized fuel amid rising demand

    By Arthur Holmes
    March 10, 2022
    BUDAPEST, March 10 (Reuters) – The Hungarian government has restricted eligibility for subsidized fuel, a government official said on Thursday, after a surge in ...
    Read More
  • Budapest real estate

    1st AmCham Sustainability Summit discusses journey to Net-zero

    By Arthur Holmes
    March 10, 2022
    Claudia Patricolo of CEE Energy News (left) and climate and sustainability expert Martin Porter. Photo by Lazar Todoroff. Put COVID aside; forget, if you ...
    Read More
  • Budapest mortgages

    Prime Minister’s candidate Márki-Zay presents the electoral program of the Opposition Alliance

    By Arthur Holmes
    March 10, 2022
    Hungary has a chance to “find its way back” to civic values ​​and Europe in the April 3 elections; the interest of the country ...
    Read More
  • Budapest mortgages

    Hungarian Cenbank raises one-week deposit rate by 50 basis points to 5.85%

    By Arthur Holmes
    March 10, 2022
    The move follows a 100 basis point hike at the top of the rate corridor Hungarian inflation at highest since August 2007 War in ...
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  • Hungary banks

    EU leaders tackle Russian fossil fuel loophole

    By Arthur Holmes
    March 10, 2022
    BRUSSELS, March 10 (Reuters) – European Union leaders will on Thursday discuss ways to wean themselves off Russian fossil fuels and debate how quickly ...
    Read More
  • Hungary economy

    Suzuki’s Hungarian plant suspends car exports to Russia and Ukraine

    By Arthur Holmes
    March 9, 2022
    BUDAPEST: Suzuki Motor Corp has suspended car exports to Russia and Ukraine from its Hungarian plant from March due to the war, the Japanese ...
    Read More
  • Budapest real estate

    Here’s how the Hungarian real estate market is affected by the historic low of the HUF

    By Arthur Holmes
    March 8, 2022
    The Hungarian forint has hit a historic low in recent days. But how will this affect the Hungarian real estate market, and who will ...
    Read More
  • Hungary banks

    Hungary’s central bank widens interest rate corridor to stem forint decline

    By Arthur Holmes
    March 8, 2022
    Band Gergely Szakacs BUDAPEST, March 8 (Reuters) – The National Bank of Hungary (NBH) raised the top of its interest rate corridor by 100 ...
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  • Hungary economy

    Germany and Hungary do not support sanctions against Russian energy

    By Arthur Holmes
    March 7, 2022
    German Chancellor Olaf Scholz has said Europe cannot secure its energy supplies without imports from Russia. Energy was deliberately excluded from previous rounds of ...
    Read More
  • Budapest mortgages

    The most cultivated places in Europe

    By Arthur Holmes
    March 7, 2022
    the mortgage comparison experts at Uswitch wanted to determine which city in Europe was the most cultured. To do this, they looked at the ...
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  • Hungary banks

    War in Ukraine puts pressure on Eastern European banks to support sinking currencies

    By Arthur Holmes
    March 6, 2022
    The market sell-off and impending energy price shock in Europe are adding to already strong underlying price pressures, and sharply weaker currencies could fuel ...
    Read More
  • Budapest real estate

    Magyar Posta inaugurates HUF 3 billion parcel depot

    By Arthur Holmes
    March 6, 2022
    MTI – Econews Sunday, March 6, 2022, 10:00 a.m. Photo taken by Shutterstock.com State-owned postal company Magyar Posta on Friday inaugurated a HUF 3 ...
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  • Hungary economy

    Hungarian Orban wants to put 80% of the food industry in local hands

    By Arthur Holmes
    March 5, 2022
    Prime Minister Viktor Orban pledged on Saturday to increase local ownership of Hungary’s food industry to 80% if re-elected for a fourth consecutive term, ...
    Read More
  • Budapest real estate

    Lithuania’s fourth-quarter GDP growth revised upwards

    By Arthur Holmes
    March 4, 2022
    Regional today Friday, March 4, 2022, 12:00 p.m. Photo by Feng Yu / Shutterstock.com Lithuania’s gross domestic product (GDP) grew 1.1% quarter on quarter ...
    Read More
  • Hungary banks

    Operation Ganga: 3,000 Indian nationals evacuated from Hungary till yesterday, another 1,100 due to leave today: Hardeep Singh Puri

    By Arthur Holmes
    March 4, 2022
    NNA | Update: 04 March 2022 20:45 STI Budapest [Hungary]Mar 4 (ANI): Union Minister Hardeep Singh Puri said on Friday that 3,000 Indian nationals ...
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  • Hungary economy

    What happened on the fourth day of the Russian invasion of Ukraine?

    By Arthur Holmes
    March 3, 2022
    The Metropolitan Opera said on Sunday it would no longer engage with artists or other institutions that have expressed support for Russian President Vladimir ...
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  • Budapest real estate

    Note to Democrats: Link Putin to Trump

    By Arthur Holmes
    March 3, 2022
    Donald Trump looked at the Russian grip on Ukraine, the troop push into a sovereign nation, the explosion of mortars and missiles, the refugees ...
    Read More
  • Budapest mortgages

    Hungary supports Russian-backed energy projects, says minister

    By Arthur Holmes
    March 2, 2022
    BUDAPEST, March 2 (Reuters) – Hungary is sticking to its agreement to import Russian gas and does not plan to cancel the expansion of ...
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  • Budapest real estate

    Akadémia Business Center is reborn with a new identity

    By Arthur Holmes
    March 1, 2022
    Europa Capital and ConvergenCE announced the rebranding of the recently acquired Akadémia business center in the heart of Budapest. Along with the launch of ...
    Read More
  • Budapest mortgages

    Ukrainian tells Boris Johnson World War 3 has started and ‘kids’ [are] take the hit’

    By Arthur Holmes
    March 1, 2022
    ““NATO is afraid of World War III, but it has already begun. And it is the Ukrainian children, who are there, who take the ...
    Read More
  • Hungary banks

    Latest Russia-Ukraine news: Putin orders nuclear deterrents to be on high alert; Zelenskiy says Ukrainian and Russian delegations will meet | world news

    By Arthur Holmes
    February 27, 2022
    Ukrainian forces repelled a Russian try to grab Kharkov, the city governor said on Sundayfollowing heavy fighting and street battles with advancing Russian troops. ...
    Read More
  • Budapest real estate

    The construction industry faces a “more difficult” year in 2022

    By Arthur Holmes
    February 27, 2022
    MTI – Econews Sunday, February 27, 2022, 1:40 PM Hungarian construction companies have completed a “fantastic year” in 2021 but face a “more difficult” ...
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  • Hungary economy

    Ukraine War News Feb 26: Ukraine Pushes Back Russian Advance, Kiev Orders Curfew, Western Allies Cut Some Russian Swift Banks

    By Arthur Holmes
    February 26, 2022
    The United States has joined the EU and the United Kingdom in freezing the assets of Russian President Vladimir Putin and his foreign minister, ...
    Read More
  • Hungary banks

    Latest war in Ukraine: Belarus’ position to modify NATO plans in Eastern Europe, according to France

    By Arthur Holmes
    February 25, 2022
    Ukrainian Defense Minister Oleksii Reznikov said the country’s armed forces were “heroically” repelling the Russian invasion deeper into the country, warning that “tomorrow the ...
    Read More
  • Budapest real estate

    Wyndham Positioned for International Expansion in 2022

    By Arthur Holmes
    February 25, 2022
    Skift grip Wyndham plans to accelerate its recovery with a wave of international openings this year. The uncertain factor is whether investors want it, ...
    Read More
  • Hungary economy

    Russia-Ukraine: lessons for Australian defense

    By Arthur Holmes
    February 23, 2022
    Lesson 1: The era of interstate conflict is still relevant The idea that war between nations has become an anachronism over the past 40 ...
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  • Budapest real estate

    Biden announces sanctions in response to ‘beginning of Russian invasion of Ukraine’

    By Arthur Holmes
    February 22, 2022
    Biden announces sanctions in response to ‘beginning of Russian invasion of Ukraine’ US President Joe Biden announces a “first tranche” of sanctions against Russia ...
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  • Hungary banks

    Loans in Swiss francs see a significant reduction

    By Arthur Holmes
    February 21, 2022
    According to a report by the Central Bank of Cyprus, lending in Swiss francs (CHF) has declined significantly in recent years as a result ...
    Read More
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