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Forint Set to Breach All Time Record Against Euro

D&T
Sep 25, 2020

The Hungarian currency has been on a weakening path for the past weeks and is trading dangerously close to its weakest ever against the euro, seen in April this year. In addition to unfavorable international sentiment, local supporting factors have also vanished and analysts argue that the forint may set new negative records in the […]

Inflation Rate Continues to Grow in Hungary

D&T
Sep 24, 2020

Following an EU record 3.8% annual inflation rate in July, this figure rose to 3.9% year on year in August, primarily reflecting increases in the prices of fuel and industrial goods due in part to base effects. A report published this Friday by the National Bank of Hungary (MNB) is of the view that supply-demand […]

The main building of the Corvinus University of Budapest

Budapest University of Economics Celebrates Centenary

D&T
Sep 24, 2020

It was 100 years ago (on September 24, 1920), that the Hungarian National Assembly adopted Act XXXI of 1920. with which one of the world's first universities of economics was born in Budapest. As recalled by the news site index.hu, Rudolf Andorka, the then rector of the university, remembered this date on the 75th anniversary […]

Qatar Airways: a Bayern Munich Fan in Super Cup Final

D&T
Sep 24, 2020

This Thursday evening, the Hungarian capital hosts the 2020 soccer European Super Cup final between Champions League winner Bayern Munich of Germany and the winner of the European League, FC Seville from Spain. Qatar Airways is a Platinum Sponsor of the now six-time European champions (third in the overall rankings behind Real Madrid' s 13 and […]

Auchan Hungary Wins Award

D&T
Sep 23, 2020

Auchan Hungary won this year's Commercial Award of Excellence for Hungarian Products, which has been one of the most prestigious awards in the industry for three years now. Each year, the award is given to the commercial company that does the most to promote domestic products. This year, according to the jury, Auchan was the […]

World Press Photo exhibition at the Hungarian National Museum in Budapest

World Press Photo Exhibition in Budapest

The world's most prestigious annual travelling photo exhibition, profiling the globe's top press photographers and showcasing the world's most provocative and poignant press photos, arrives in Budapest on September 24. In its 63rd year, the World Press Photo exhibition is the most significant travelling exhibition dedicated entirely to photojournalism. Annually, these exhibitions attract up to […]

New Coronavirus Death toll Exceeds 700 in Hungary

D&T
Sep 23, 2020

Another eight Hungarians - all of them with chronic diseases -fell victim to the COVID-19 epidemic, according to the pandemic website of the Hungarian government. Thus, the death toll increased to 702. The number of confirmed people infected with the new coronavirus in Hungary now stands at 20,450. There are 27,449 people in compulsory home […]

Kis-Balaton visitor center

Kis-Balaton Visitor Center Opens

D&T
Sep 22, 2020

A new visitor center, built for about HUF 1.2 billion, has been inaugurated in the swampy Kis-Balaton area near the town of Keszthely, just southwest of Lake Balaton in western Hungary. In addition to a network of 186 educational trails, nearly 1,000 kilometers long in total, the National Park Directorates also operate 64 demonstration sites, […]

New CEO at T-Systems Hungary

D&T
Sep 22, 2020

Magyar Telekom, the leading Hungarian telecommunications service provider, has announced that based on the decision of the Company's Board of Directors, Gábor Gonda will be the Chief Commercial Officer Enterprise and CEO of T-Systems Magyarország Zrt. as of November 2, 2020. Gábor Gonda takes on his new position as the CEO of T-Systems with 21 […]

Most Hungarians Do Not Want to Receive the Vaccine

D&T
Sep 22, 2020

Stagnant health care and curfews are the most worrying for Hungarians about the coronavirus, yet, only a quarter of respondents would ask for the vaccine, and 40% would certainly not inject themselves, a new survey says. 80% of those surveyed fear a second wave of the virus because they only have enough financial reserves left […]

Tokaj wine region

Grape Harvest Begins In Hungary

D&T
Sep 21, 2020

Grape harvesting has begun in most wine regions of the country. The chaotic weather that has lasted for years has posed great challenges to winegrowers and winemakers this year as well. Climate change is also having an impact on Hungarian wine regions. Although Hungarian wines have had outstandingly good years in the last ten years, […]

Expected Revenue Generation at Appeninn Holding

D&T
Sep 21, 2020

Appeninn Asset Management Holding Plc. accounted 4.2 million EUR turnover and 11.4 million EUR EBITDA (interests, profit and loss before taxation and depreciation) for the first half of 2020. Profit and loss before taxation measured 7.4 million EUR, which is lower compared to the same period of the previous year. According to the half-year report […]

Hungarian Currency Rate at Five-Month Low

D&T
Sep 21, 2020

With the intensification of the second wave of the coronavirus and the pricing of local closures spreading again in Europe, the international investor sentiment deteriorated significantly on Monday, which also dragged the Hungarian forint with it after the opening around 360 against the euro. As portfolio.hu reports, already in the morning the forint fell to […]

Romanesque Hall Reopens in Budapest Museum

D&T
Sep 20, 2020

After being closed for almost three months due to damage by the pouring rain, the Romanesque Hall of the Museum of Fine Arts can be visited again from this weekend. The hall had to be closed in mid-June, as the museum was soaked due to the extreme rain that was pouring in at the time, […]

Dramatic Fall in Budapest Airport Traffic

D&T
Sep 20, 2020

Traffic at Ferenc Liszt International Airport dropped significantly, by more than 90% during the first two weeks of September, compared to August, as a result of the travel restrictions introduced from September 1, 2020.  A bulletin by the management company Budapest Airport states that currently, the number of aircraft movements, i.e. takeoffs and landings, is […]

People wearing face masks on Budapest public transport vehicle

Record Number of new COVID-19 Cases

D&T
Sep 20, 2020

The number of confirmed people infected with the coronavirus in Hungary increased by a daily record of 1,070 cases and now stands at 17,990. Eight patients died in the past 24 hours, bringing the number of deaths to 683 with 4,391 already recovered. The number of active infected people is 12,916. There are 404 patients […]

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