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May 2020

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Hungarians Brought Home from Cruise Ship

D&T
May 26, 2020

The Mexican Embassy in Budapest has announced that the Mexican government and the shipping company Carnival Corporation are working together to repatriate 799 crew members of ships docked in ports off the west coast of the United States, including Hungarian, Croatian and Bulgarian nationals. Flights from the area of Puerto Vallarta, Jalisco in Mexico, are […]

Healthcare Professionals' Work Recognized

D&T
May 25, 2020

The Hungarian Chamber of Health Care Professionals (MESZK) recognizes the irreplaceable work of health care professionals who are at the forefront of work during the coronavirus epidemic: workers will receive a thousand tablet computers. As the Chamber told the Hungarian news agency MTI on Monday, an appeal was made for charity in March, to which […]

Young Employees Need Support, Creativity, Flexibility

D&T
May 25, 2020

Although domestic companies recognize the needs of young employees, they do not respond adequately to them. That is according to a complex research by the Budapest Chamber of Commerce and Industry (BKIK) examining the Y and Z generations. According to a survey of 2,000 young people and companies, employers have too high expectations towards their […]

Pessimism Continues in the Industrial Sector

D&T
May 25, 2020

In May, presumably as a result of the lockdown easing measures announced by the government, almost all sectoral and consumer confidence indices increased and eliminated one-third of their dramatic fall in April. However, pessimism in industry intensified further. GKI’s economic sentiment index rose by 5 points to -28 points after falling by 29 points in […]

Pannonia Bio: Successful Five Years

D&T
May 25, 2020

A study of the operation of the multi-product bio-refinery operator Pannonia Bio in the past five years shows that in 2019 alone, the company's activities contributed to Hungary's GDP by around EUR 712 million while supporting the maintenance of 2,580 jobs. The economic impact study prepared by the HÉTFA Research Institute also says that the […]

Horses grazing at the Hortobágy National Park

European Day of (National) Parks

D&T
May 24, 2020

The European Day of Parks is a commemorative day for Protected Areas across Europe that was launched in 1999 by the EUROPARC Federation to celebrate Protected Areas throughout Europe. It celebrates the creation of the first National Parks in Europe – a set of nine parks created in Sweden in 1909. Held on May 24, […]

MNB Financial Stability Report, May 2020

D&T
May 24, 2020

Leaving behind the legacy of the 2007-2008 crisis, the Hungarian banking system is prepared to face the challenges likely to result from the COVID-19 pandemic with healthy balance sheets and adequate capital and liquidity reserves. That is according to the latest financial report by the National Bank of Hungary (MNB). The report states that "based […]

Best European Countries for Business 2020

D&T
May 24, 2020

The EuCham - European Camber has again prepared a list of European countries where the conditions for conducting business are the best. The research is based on World Bank and Transparency International indexes. Hungary is ranked 31st of the 46 countries. EuCham, whose Central and Eastern European office is located in Budapest, ranks and analyzes […]

Visitors in the Hungarian Open Air Museum in Szentendre

Open-Air Museum Reopens in Szentendre

D&T
May 23, 2020

The Hungarian Open Air Museum ('Skanzen') reopened in Szentendre, north of Budapest this Saturday. For the time being, the museum is only accessible with a walking ticket in accordance with epidemiological and distance keeping rules. During the usual opening hours, from 9 am to 5 pm on Tuesday to Sunday, visitors to the ethnographic museum […]

Denso: No Layoffs, Elevated Wage Remains

D&T
May 23, 2020

During the epidemic and under the conditions of temporary production shutdown, Denso Manufacturing Hungary Ltd. managed to save all jobs in the plant of Székesfehérvár's largest employer. They were not satisfied with the government's wage support plan first but now, they use the modified version. The crisis forced the Hungarian plant of the Japanese company […]

First Democratic Government Formed 30 Years Ago

D&T
May 23, 2020

It was on May 23, 1990 that Hungarian parliament, the first democratically elected one for over four decades, elected historian József Antall as the Prime Minister of the country to head a center-right coalition government that enjoyed a 60% majority in the national assembly. As part of the transition from one-party communist style rule to […]

Number of Hospitalized Coronavirus Patients under 500

D&T
May 22, 2020

During today's Operational Group press conference, Chief Medical Officer Cecília Müller said the epidemic curve is still pointing downwards. There are currently 483 patients hospitalized with the coronavirus. According to official figures, the number of confirmed people infected with the coronavirus in Hungary now stands at 3,678. There are 11,688 people in compulsory home quarantine, […]

Hungarian Banking Association Elects New President

D&T
May 22, 2020

The Hungarian Banking Association has elected as its new President Radován Jelasity, Chairman and CEO of Erste Bank Hungary. The previous President, András Becsei will stay in the leadership of the association as Vice President. Radován Jelasity has been Chairman and CEO of Erste Bank Hungary since June 1, 2011. He is a recognized banker, […]

NEMAK Lays Off Almost 20% of Workforce in Győr

D&T
May 22, 2020

The cylinder heads manufacturer Nemak Győr Alumíniumöntöde (aluminum foundry) Ltd., which employs about a thousand people, will have 180 of its employees laid off by the end of July, the Hungarian news agency MTI reports. In his statement to the news agency, the company's financial director, Gábor Mersich writes that the redundancy at the Mexican-owned […]

Amassing Debts in Hungarian Hospitals

D&T
May 22, 2020

The debt of Hungarian hospitals increased by HUF 5 billion in April, according to recent data from the Hungarian State Treasury. This time, the increase may be due to the loss of income due to the discontinued care, as well as the additional costs of preparing for the care of Covid-19 patients. As of April […]

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