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2020

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Qatar Airways to Seek Compensation for Blockade

D&T
Jul 16, 2020

Qatar Airways has issued a statement on the judgment of the International Court of Justice to which it had turned concerning the blockade of Qatar. The airline has also announced to resume flights to the Maldives. Qatar Airways welcomes the Judgment of the International Court of Justice affirming that the ICAO Council has the jurisdiction […]

PannErgy: Climate Considerations

D&T
Jul 16, 2020

The second quarter production report by the Hungarian geothermal energy firm PannErgy says the company pays special attention to climate change issues with its renewable energy projects. Hungary has set the objective of reducing its greenhouse gas emissions by at least 40% below 1990 levels by 2030, while the rate of renewable energy in gross […]

Bell meat production plant in Perbál, W of Budapest

Bell Food Group Sells Hungarian Plant to Spar

D&T
Jul 15, 2020

As part of the ongoing restructuring of its international charcuterie activities, the Swiss Bell Food Group is selling its Hungarian production plant to the supermarket chain Spar Hungary. The sale, confirmed by Spar Hungary to index.hu, of the specialized charcuterie production plant is expected to be completed by October 31, 2020. With almost 200 employees, […]

Mateco Expands its Győr Site

D&T
Jul 15, 2020

Despite the macroeconomic slowdown caused by the epidemic situation, Mateco-Hungary Ltd. that rents lifting equipment and work platforms used in structural architecture is starting to expand its Győr site and capacity. With a total investment of more than HUF 1 billion, the headquarters of the company, market-leading in its field, in Western Hungary will be […]

COVID-19: Losses in the Construction Industry

D&T
Jul 15, 2020

The volume of construction output, based on raw data, was 20.1% lower in Hungary in May 2020 compared to the high base of the previous year, the country's Central Statistical Office reports. Output decreased in both main groups of construction: in the construction of buildings by 24.0%, in civil engineering by 15.6%. Based on seasonally […]

LIDL to Construct New Logistics Center in Hungary

D&T
Jul 14, 2020

The supermarket chain Lidl will be constructing a new logistics center in Hungary in the framework of a HUF 35 billion (EUR 98.8 million) investment project for which the government is providing HUF 1.2 billion (EUR 3.39 million) in non-returnable investment promotion funding. The Minister of Foreign Affairs and Trade Péter Szijjártó stated at the […]

Temporarily or Beyond?

During the state of emergency declared after the domestic appearance of COVID-19, a number of legal provisions were adopted, which helped all market participants to adapt to the situation. However, most of these provisions and restrictions were lifted after the end of the state of emergency, but some of them remained in force, since the […]

Soaring Industrial Production in East Central Europe

D&T
Jul 14, 2020

Since 2004, the CEE-6’s share in EU manufacturing output has more than doubled, as measured by the output of its factories, with the region overtaking Spain and the UK, and is closing in on France. Colliers International has published its latest report: COVID-19 & CEE’s Industrial Upside Europe’s Near Shore Powerhouse. CEE’s highly skilled and […]

New Boat Routes in the Danube Bend

D&T
Jul 13, 2020

The river cruise company Mahart Passnave has launched two new routes in the Danube Bend, north of Budapest: between Esztergom and Zebegény and on the Szentendre-Leányfalu-Tahitótfalu-Visegrád line. Decision on the new lines was made by the company because the train replacement boat between Nagymaros and Zebegény became popular in a very short time. The replacement […]

Increasing Traffic at Budapest Airport

D&T
Jul 13, 2020

As a sign of revival, 84,781 passengers were flying from Budapest's Ferenc Liszt International Airport in June, the airport's management company reports. A record number, more than 17,000 respondents participated in Budapest Airport’s survey carried out in June. The results reveal that 81% of interviewees plan to fly, with 67% intending to jet off from […]

New Shares Introduced at the Budapest Stock Exchange

D&T
Jul 13, 2020

The ordinary shares of the real estate investment company SunDell Estate Plc. were listed in the standard category of the Budapest Stock Exchange (BSE) for the first time on Monday. According to a BSE announcement, one million SunDell ordinary shares (SUND) with a nominal value of HUF 100 each have been introduced into the standard […]

Bendegúz, the red panda in the Budapest Zoo

New Attractions in the Budapest Zoo

D&T
Jul 12, 2020

A one year old red panda arrived from Germany to the Budapest Zoo and the institution's Butterfly garden , delayed by the pandemic, could finally open for this year. In a statement sent to the Hungarian news agency MTI, zoo officials say Bendegúz, a one-year-old male red panda arrived to accompany Aurora, a nearly ten-year-old […]

Border crossing station at Tiszasziget on the Hungarian-Serbian border

Travel Restrictions into Hungary Announced

D&T
Jul 12, 2020

The Hungarian government has announced restrictions on entry in into the country connection with the coronavirus epidemic. The Minister heading the Prime Minister's Office, Gergely Gulyás said this Sunday that the government decided to classify countries into three categories – red, yellow and green – in terms of the severity of the coronavirus epidemic and […]

'Even a leaven can be a bridge'

"Leaven of the City"

D&T
Jul 12, 2020

A new colorful mural decorates the façade of the fire brigade station on Károly körút in downtown Budapest thanking the people of the capital for their togetherness. "We wanted to reflect on the epidemic sweeping around the world with a work of art that strengthens our togetherness, our community in Budapest, so at our request, […]

Andersen Consulting Returns to Hungary

D&T
Jul 11, 2020

The Andersen international tax and legal consulting group will return to Hungary with the merger of OrienTax Tax Consultant Co. Ltd. and Szabó, Kelemen and Associates Law Firm in July. In its statement to the Hungarian news agency MTI on Saturday, Andersen Consultant Co. Ltd. emphasized that Andersen, which operates independently and has a global […]

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