In the current extraordinary economic circumstances, the Hungarian National Bank’s (MNB’s) mandate is still to achieve and maintain price stability, to preserve financial stability, as well as to support the government’s economic policy. Consistent with this, mitigating the negative effects of the coronavirus pandemic on the real economy and financial markets and creating the conditions […]
At Tuesday’s briefing by the Operational Group, it was emphasized that the threat of an epidemic has not passed. The goal is to gradually restart life according to a strict schedule. However, It is still important to follow general precautions. From Monday, kindergartens will be open in the countryside, and schools will have a digital […]
The Hungarian oil and gas company MOL has shipped more than two million liters of its hand and surface disinfectants to hospitals, state and municipal institutions, public utilities and law enforcement agencies since late March when it began the production of these products. The company also started serving wholesale partners last week, reaching about 600 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
