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 […]

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 […]

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 […]

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 […]

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, […]