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, […]

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 […]

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 […]

The Minister heading the Prime Minister’s Office, Gergely Gulyás, was of the view today that the measures taken to fight the coronavirus in Hungary have been successful, but the situation is still very fragile, so it is important to follow the rules. “A proposal will be submitted next Tuesday, which begins the process of abolishing […]

Hungarian liquor producer Zwack Unicum Plc. has published the results of the company for the 2019-2020 business year: slight increase in gross sales and significant decrease in net sales. According to audited data, total gross sales of the company were HUF 26,358 million – practically the same as in the previous business year (+HUF 17 […]

As part of its emergency support package to tackle the economic impact of the COVID-19 crisis, the EU has put in place a temporary instrument to help workers keep their jobs during the crisis. On May 19, the European Council adopted SURE (European instrument for temporary Support to mitigate Unemployment Risks in an Emergency), a […]

The out-of-class digital work schedule will remain in force in Hungarian schools until the end of the school year, that is, June 15, but kindergartens and nurseries will return to normal operation from the second half of May, according to the State Secretary for Education, Zoltán Maruzsa. The State Secretary said that from June 2, […]

While businesses in the Hungarian tourism industry very much hope that spending by domestic tourists after the coronavirus epidemic will help them survive the 2020 season, a recent poll shows that two-thirds of the people have no intention to travel from home in the summer. For companies in tourism and hospitality, the real salvation is […]

In the framework of the Social(i)Makers project, an international partnership of seven countries can create a Central European social innovation network whose members implement socially useful ideas. In the framework of this project implemented as part of the Interreg Central Europe Program, local pilot programs have been carried out in all participating countries over the […]

In the period since the start of production in 1982 until this Tuesday, May 19, the Paks Nuclear Power Plant has generated a total of 500 terawatt hours, or more than 500 billion kilowatt hours of electricity. Such an amount of electricity would be able to supply the entire world with electricity for a full […]

The Act CXXX of 2016 on the Code of Civil Procedure (Ccp.) currently in force, in order to meet the requirements of accelerated technical development, already incorporated – upon its entry into force in 2018 – the rules for the use of electronic technologies and devices. However, no one would have thought that their use […]

Approximately 10,600 people took part in a national coronavirus screening test launched two weeks ago with the participation of four Hungarian medical training universities and the country’s Central statistical Office (CSO), the results of which thus became representative. The outcome: very low average rate of infection. The Statistical Office selected 17,787 people for the national […]

Wescast Industries Inc., the world's leading supplier of cast exhaust manifolds for passenger cars and light trucks lays off 250 employees from its factory in Oroszlány, west of Budapest, the Hungarian news agency MTI reports. The news agency learned from the Vasas (Iron Workers') Trade Union that 250 of the 800 employees will be made […]

Eleven people died of the novel coronavirus in this country in the past 24 hours, according to the Covid-19 information website of the government, bringing the official death toll to 462. In the meantime, restrictions have been eased in Budapest, as well. The confirmed number of people currently infected with the coronavirus in Hungary is […]

Enterprises in the Hungarian capital calculate with at least another four months of crisis period, according to a research prepared by the Budapest Chamber of Commerce and Industry. However, 60% of them have no more than three months of reserves. BKIK conducted this research among 3,440 businesses to examine the economic impact of the coronavirus […]