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September 2020

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Hungarian Currency Rate at Five-Month Low

D&T
Sep 21, 2020

With the intensification of the second wave of the coronavirus and the pricing of local closures spreading again in Europe, the international investor sentiment deteriorated significantly on Monday, which also dragged the Hungarian forint with it after the opening around 360 against the euro. As portfolio.hu reports, already in the morning the forint fell to […]

Romanesque Hall Reopens in Budapest Museum

D&T
Sep 20, 2020

After being closed for almost three months due to damage by the pouring rain, the Romanesque Hall of the Museum of Fine Arts can be visited again from this weekend. The hall had to be closed in mid-June, as the museum was soaked due to the extreme rain that was pouring in at the time, […]

Dramatic Fall in Budapest Airport Traffic

D&T
Sep 20, 2020

Traffic at Ferenc Liszt International Airport dropped significantly, by more than 90% during the first two weeks of September, compared to August, as a result of the travel restrictions introduced from September 1, 2020.  A bulletin by the management company Budapest Airport states that currently, the number of aircraft movements, i.e. takeoffs and landings, is […]

People wearing face masks on Budapest public transport vehicle

Record Number of new COVID-19 Cases

D&T
Sep 20, 2020

The number of confirmed people infected with the coronavirus in Hungary increased by a daily record of 1,070 cases and now stands at 17,990. Eight patients died in the past 24 hours, bringing the number of deaths to 683 with 4,391 already recovered. The number of active infected people is 12,916. There are 404 patients […]

Budapest_Szentendre bicycle path

Budapest-Szentendre Bicycle Path Completed

D&T
Sep 19, 2020

With a 5,6-kilometer section inaugurated, the bicycle path has been completed between Budapest and Szentendre, a town of historical architecture and popular tourist destination north of the capital. Most of the section, 3,380 meters are new cycle path, 1230 meters were repaired and the existing cycle path was upgraded. In addition, a bicycle bridge and […]

The Effects of COVID-19 on Payments

D&T
Sep 19, 2020

The adverse effects of the outbreak of the coronavirus pandemic did not have a significant effect on the domestic payments infrastructure; however, there was a substantial decline in turnover data for almost all payment methods in the second quarter of 2020. According to a report by the National Bank of Hungary (MNB), it is primarily […]

COVID-19 Update: 809 New Cases in Hungary

D&T
Sep 19, 2020

The number of confirmed people infected with the coronavirus in Hungary now stands at 16,920, including 809 new infections. As six chronic patients died, the number of deceased is now 675. The total number of active COVID-19 cases is 11,863. There are currently 386 patients hospitalized with the coronavirus, 30 of whom are on ventilators. […]

Qatar Airways Further Expands Network

D&T
Sep 18, 2020

The airline’s young fleet of sustainable aircraft has enabled it to maintain its position as the leading airline providing global connectivity with over 650 weekly flights to more than 90 destinations. A pres release by Qatar Airways says the airline continues to lead the aviation industry offering more global connectivity than any other airline. With […]

Protracted Gloom?

D&T
Sep 18, 2020

The second wave of the coronavirus epidemic is proving optimists wrong. The increasing number of infections recorded over the past weeks is a somber realization that the virus is back with a vengeance and there is an increasing chorus of economic analysts predicting an economic crisis that may last for years. For many people life […]

New Danube Bridge Between Hungary and Slovakia

D&T
Sep 18, 2020

The Monostor Bridge built between Komárom and Komárno, mainly from European Union funds, has been inaugurated in the presence of the two countries' prime ministers. "This inauguration, too, stands as proof of the fact that rather than dividing them, the Danube connects Hungarians and Slovaks together," Hungarian PM Viktor Orbán said. His Slovak counterpart, Igor […]

Nespresso Coffee To Be Carbon Neutral by 2022

D&T
Sep 17, 2020

Nespresso today commits that every cup of Nespresso coffee, both for at-home and for professional customers, will be carbon neutral by 2022. This new ambition builds on more than 10 years of work during which Nespresso has reduced its carbon emissions and compensated the remainder through agroforestry. "Climate change is a reality and our future […]

Dreher Beer Museum Re-opens

D&T
Sep 17, 2020

Scheduled for this year's World Tourism Day, the renovated Dreher Beer Museum will reopen its doors in Kőbánya, awaiting visitors with one of the country's most important beer trade collections from September 23. What ingredients are used to make beer? What beer drinking habits exist? How was beer made in the past and how is […]

Another Nine Hungarians Fall Victim to COVID-19

D&T
Sep 17, 2020

The new coronavirus infection was detected in another 710 Hungarian citizens, which increased the number of infected people identified in Hungary to 15,170, according to the government information portal. Nine chronic patients died - eight of them over the age of 70 and one of 42 years of age - so the number of deaths […]

COVID-19 Impact on CEE Region Banks

D&T
Sep 16, 2020

Fortunately, a strong banking sector in Central and Eastern Europe faced the constraints of the COVID-19 epidemic. However, there is a lot of uncertainty about the long-term outlook. The regional survey by the consulting firm Deloitte researched how financial institutions see their own future. “It has been several months since the start of the economic […]

AutoWallis Chosen as Opel Importer to Hungary

D&T
Sep 16, 2020

Opel has chosen AutoWallis to be the importer of the iconic German brand in Hungary, enabling the Budapest Stock Exchange (BSE) listed group to continue increasing its revenue and new vehicle sales, in a further significant step towards realizing its strategic goals. An AutoWallis report on the BSE website says the decision follows a similar […]

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