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JYSK Donates Mattresses to Szeged Clinic

D&T
Apr 7, 2020

The Hungarian subsidiary of JYSK, a retail chain of Scandinavian origin selling household goods, has donated 16 mattresses for the newly established center of the Szent-Györgyi Albert Clinical Center of the University of Szeged in Southeast Hungary for the treatment of coronavirus. The mattresses are for the convenience of short rest periods in the 12-hour […]

Eisberg Hungary Managing Director, Zoltán Gazsi

Chatbot and Donation

D&T
Apr 7, 2020

Tackling the present coronavirus situation is a challenge for all companies. They all seek answers to protect their employees and keep business flow. Eisberg Hungary, operating a 3,000-sqm salad factory in Gyál since 1992, just outside Budapest, has its own solutions. Tackling the present coronavirus situation is a challenge for all companies. They all seek […]

Coronavirus Information from Vodafone

D&T
Apr 6, 2020

Two important novel features have been added to the LifeSaver application operated by the Vodafone Foundation and the National Ambulance Service (OMSZ) in Hungary. One of these is the Coronavirus Information button, which takes users to the Hungarian Government’s official coronavirus information site, making it directly accessible from the LifeSaver application. The other useful innovation […]

New Government Measures Announced

D&T
Apr 6, 2020

"We must simultaneously fight both the epidemic and its economic consequences: we must save lives and provide for the future. We must now adopt economic measures which will help us through the difficult phase which lies ahead of us," Prime Minister Viktor Orbán has announced. The PM said the goal of their economy protection action […]

To Pay or Not to Pay?

Local firms – as much as international corporations – find themselves pondering these days more and more frequently, whether they can or cannot suspend lease payments for their shops, restaurants now temporarily closed due to the menace of the coronavirus epidemic. Lessees expect the courts — in light of the present situation – to be […]

Construction site in Budapest

Concrete Proposals by the Budapest Chamber

D&T
Apr 4, 2020

After consultation with Budapest companies, the Budapest Chamber of Commerce and Industry (BKIK) developed measures and proposals that can be introduced quickly but can be applied for a limited time to deal with the economic situation caused by the coronavirus epidemic. These proposals were also sent to the competent bodies of the Hungarian government. Following […]

VAT Cut Requested on Restaurant Deliveries

D&T
Apr 2, 2020

In order to reduce the severe consequences of the Covid-19 crisis on domestic restaurants, Wolt, a food delivery company, is asking the government to reduce the 27% tax rate of food consumed outside restaurants (takeaway, delivery) to 5% that applies to food eaten at restaurants. The turnover of restaurants has decreased dramatically in the recent […]

Diane Holdorf at the BCSDH teleconference

Healthy People, Healthy Planet

D&T
Apr 1, 2020

While right now the key factor is the survival of the supply chain, after overcoming the pandemic, it will also be necessary to address the challenge of sustainable food systems, which play an essential role in maintaining the health of people and the planet. That was highlighted by Diane Holdorf, Managing Director of the World […]

IATA: Airlines Facing Rapid Cash Burn

D&T
Apr 1, 2020

The International Air Transport Association (IATA) published a new analysis showing that airlines may burn through USD 61 billion of their cash reserves during the second quarter ending June 30, 2020, while posting a quarterly net loss of USD 39 billion, ftnnews reports. This analysis is based on the impact assessment IATA released last week, […]

Facilitating the Flow of Air Cargo

D&T
Mar 31, 2020

The International Air Cargo Association (TIACA) is reporting that results are being achieved in the efforts to facilitate flow of air cargo in the world through the work of a specially created by ICAO “COVID-19 Technical Group”. Its objective is in joint actions by the aviation industry related to COVID-19, and it also includes experts […]

PM Viktor Orbán in Hungarian Parliament

The Law to Give Government Extra Powers Takes Effect

D&T
Mar 31, 2020

The government of Viktor Orbán has been granted sweeping new powers for an unlimited period of time to manage the country’s coronavirus epidemic. According to a government spokesman, this law – which allows the government to bypass parliament – makes it possible to introduce “extraordinary measures” that are needed to fight the COVID-19 pandemic. The […]

New Measures at Lufthansa and Eurowings

D&T
Mar 31, 2020

Lufthansa and Eurowings are introducing further measures to ensure the physical distance between passengers during their journey, ftnnews reports. From March 27, 2020, neighboring seats on board in Economy Class and Premium Economy will be blocked and remain free on all flights from Germany. This also applies to flights within Germany.  This regulation does not […]

Singapore Airlines: Capital Increase and Bond Issue

D&T
Mar 30, 2020

Singapore Airlines Limited (SIA) will offer all shareholders SGD 5.3 billion in new equity and up to a further SGD 9.7 billion1 through a 10-year Mandatory Convertible Bonds (MCB). Both will be offered on a pro-rata basis via a rights issue, and both issuances will be treated as equity in the Company’s balance sheet. SIA […]

Wake-up Call

Handling the Covid-19 coronavirus situation seems to be one of the biggest challenges of our post-’89 new world – but also a possibility to rethink and recalibrate European co-operation and maybe the entire European project. The end of a period and hopefully the beginning of another one. Ruling by decree in a war-style fashion sounds […]

5G frequencies sold in Hungary

D&T
Mar 30, 2020

Magyar Telekom, Telenor and Vodafone have paid HUF 128.49 billion altogether for the 15-year use of bandwidths suitable for 5G standard data transmission. The bandwidths were auctioned by the National Media and Infocommunications Authority (NMHH) late March. According to the Authority, the auction, held under stringent precautionary measures, saw "intensive competition," although, only the three […]

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