The Acting President of the International Weightlifting Federation (IWF), Ursula Papandrea is expected to move the headquarters of the organization as soon as possible to Lausanne, Switzerland as the relocation is underway from the IWF offices in Budapest, home city of outgoing President Tamás Aján who resigned on allegations of corruption. “The Executive Board has […]
Lawyers – when not battling in a courtroom – are perhaps most widely identified in Hungary with the image of an attorney countersigning a document. Countersigning is indeed essential for most legal transactions, in some cases mandatory by law. The function of countersigning is on one hand to prove that an attorney has duly identified […]
As of Monday, April 27, people in Budapest are required to wear face masks on public transport, in shops, markets and taxis. People visiting shops, markets and traveling in taxi in Budapest will be mandated to wear face masks or otherwise cover their faces as part of the protection efforts against the new coronavirus epidemic. […]
Ferenc Liszt International Airport has lost more than 99% of its passenger traffic in April, on account of the crisis caused by the coronavirus pandemic and thus, headcount reduction among the employees has become inevitable, according to a statement by the facility's management company Budapest Airport. The document says that since the beginning of the […]
Residential tops the sectors in one deal across the CEE region but, offices (27% share) have maintained their place in the order of preference, closely followed by Industrial and Logistics (26% share) in the first quarter of 2020, according to the latest market report by Colliers International. Transaction volumes were very healthy in Q1 at […]
Another 14 people died of the Covid-19 disease in Hungary in the past 24 hours, raising the official number of deceased in the current pandemic to 239 in this country. The confirmed number of people infected with the coronavirus now stands at 2,284. There are 10,942 people in compulsory home quarantine and 390 recovered. The […]
The world’s largest technical professional organization dedicated to advancing technology for the benefit of humanity, the Institute of Electrical and Electronics Engineers (IEEE) has named the Budapest Millennium Underground line as one of the technical milestones of the world. Built between 1894 to 1896, the Millennium Underground Railway was the first underground line on the […]
The Hungarian government increased its support for the construction of the Bozsik Stadium in Budapest’s District 19 by more than HUF one billion and provided more than HUF 450 million for the preparation of three projects of the Budapest Honvéd Sports Club for which the new stadium will be built, the news site napi.hu reports. […]
In recent weeks, Qatar Airways has carried over one million people home, plus transported over 70,000 tons of medical equipment and aid relief, ensuring it is a reliable partner for passengers, governments, travel trade and freight companies in extremely challenging circumstances. The COVID-19 pandemic has created an unprecedented challenge for Qatar Airways and the aviation […]
The COVID19 epidemic has also radically transformed the way customer services work. Due to restrictions, customer activity has slowed down and contact with the customers has been re-established. Due to the economic difficulties, the willingness to pay is expected to weaken, which may lead to an increase in the debt portfolio and a decrease in […]
The most successful orienteering competitor in Hungary, 75-year-old Sarolta Monspart has been named as a new member of the exclusive Athlete of the Nation club. During her active years, Sarolta Monspart won 14 national orienteering championships and six cross-country skiing championships. She was the first European woman to finish the marathon distance within three hours […]
On April 29, Magyar Suzuki Corporation will restart production. While introducing healthcare and safety measures which will be more complex than any other measure before, the company will gradually restore production in one shift at the beginning. The Esztergom plant, NW of Budapest, continuously monitors the market needs and shapes production plan according to this. […]
The previous momentum in the construction industry still keeps the number of start-ups in the sector high. In March 2020, nearly 80% more businesses were launched in the sector than were closed. It was expected that the effect of the coronavirus would not be immediately apparent in the sector, but the March values refute all […]
A new type of coronavirus epidemic may also affect the timing of ongoing or planned company transformations and group-level structuring processes, but may even necessitate such reorganizations, according to a new study by Deloitte Hungary. Fearing the consequences of the economic crisis, the question rightly arises for farmers: what tools do they have to maintain […]
Another 14 people died of the Covid-19 pandemic in Hungary in the past 24 hours – all of them elderly with chronic diseases - , raising the official number of deceased in the current pandemic to 214 in this country. The confirmed number of people infected with the coronavirus now stands at 2,098. There are […]
