The Hungarian banking system is prepared for the extraordinary situation and the attached special measures such as the debt repayment moratorium, the government website quotes Finance Minister Mihály as saying following a meeting with representatives of the Hungarian Banking Association. The minister said the debt repayment moratorium announced on Wednesday – as part of which […]
A man of 80 years of age with chronic illness passed away this Monday as a result of Covid-19 coronavirus infection, bringing the number of fatalities related to this disease to eight in Hungary with the number of people recovering from the virus infection increasing to 21. As of this Monday evening, 167 people are […]
Tourism and hospitality are among the first victims of the economic storm caused by the COVID-19 coronavirus. Businesses in the sector began feeling the negative economic effects directly after the first domestic disease was reported. The government announced early on that some support would be needed to help the sector survive the difficult period ahead. […]
Two Hungarian men, aged 79 and 68, have died as a result of Covid-19 coronavirus infection, bringing the number of fatalities related to this disease to three in Hungary. As of late midday this Friday, 85 people (73 Hungarians, ten Iranians, one British and one Kazakh citizen) are registered to have been diagnosed with the […]
At the Coronavirus Operational Group’s daily press conference on Thursday, Chief Medical Officer Cecília Müller said that there are now 73 registered infections in Hungary. The condition of the patients vary, but, unfortunately, six of them are in serious condition and are being treated in intensive care units. She noted that with the rise in […]
MOL Norge AS, a wholly owned subsidiary of Hungary' MOL Group, and its joint venture partners have discovered oil and gas in an offshore field located about 200 kms west of Stavanger in the Norwegian part of the North Sea. A statement by the company says the exploration well in the 820S licence area was […]
As the COVID-19 situation evolves, the World Tourism Organization (UNWTO) observes that full or partial travel restrictions have been – and continue to be – introduced across the world. These decisions are made with public health as the primary concern. The Secretary-General of the World Tourism Organization (UWNTO), Zurab Pololikashvili has issued a statement on […]
The Hungarian currency, the forint has reached another historic low this Wednesday as more than HUF 350 had to be paid for one euro. The new record low exchange rate was HUF 351.08 / EUR, the financial website portfolio.hu reports. The Hungarian currency also reached a record low to the US dollar this Wednesday: HUF […]
The International Air Transport Association (IATA) expects the global airline industry to need USD 150-200 billion in various forms of government financial assistance to survive the current COVID-19 crisis, the association’s director general and CEO Alexandre de Juniac is quoted by AVIATION WEEK. Losses the industry is facing will “certainly” be around USD 40 billion […]
More than a third of Internet users in Hungary would order online food because of the corona virus, which could double the number of people who shop online for their household, according to an online survey conducted by Reacty Digital between March 12 and 15, 2020. More than half of the adult population who regularly […]
Audi Hungaria Co. Ltd. in Győr, NW Hungary plans to shut down production from Monday due to the international coronavirus situation and the uncertainty in the supply of parts - the company informed the Hungarian news agency MTI on Tuesday. According to the announcement, production will be suspended at most of the Volkswagen Group sites, […]
A government decree which entered into force on Tuesday, March 17 prohibits foreign citizens from entering Hungary. From today, the travel documents of all arriving passengers are checked at Budapest Airport, according to a press release by its management company. Following this inspection, only Hungarian citizens and EEA citizens holding a residence permit in this […]
The Hungarian government will close the country's borders for all passenger transport and only Hungarian citizens will be allowed to enter. During a parliamentary session this morning, PM Orbán also said all events in Hungary will be banned starting at midnight on Monday, adding that sporting events should be held behind closed doors unless the […]
Mercedes-Benz AG increases flexibility in the global production network of Mercedes-Benz cars by building a new press shop on an area of around 23,000 square meters in the company’s plant in Kecskemét, SE of Budapest. The new press shop will set standards in digitization in metal forming while design, development, planning, tool manufacturing and production […]
The deceased was a 75-year-old man who was transported to the South Pest Central Hospital showing symptoms of the virus and pneumonia. He passed away shortly after arrival. Official records say there are 32 people having tested positive for the Covid-19 coronavirus, one of them has now been declared cured and there are 159 in […]
