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Articles by Date

October 2020

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Béres Drops for Hungarian Schools

D&T
Oct 31, 2020

Almost 82,000 bottles of Béres Drops were donated by Béres Pharmaceuticals Co. Ltd. to teachers in primary and secondary schools in Hungary's public education system, the Hungarian state news agency MTI reports. József Béres, President of Béres Pharmaceuticals Ltd. announced that 81,720 bottles of Béres Drops will be donated to teachers of state public education […]

Czech Acquisition by Hungarian Electricity Company MVM

D&T
Oct 31, 2020

Following approval by the European Commission, Hungary's MVM Co. Ltd. has acquired the 100% ownership of innogy Česká republika a.s. A statement by MVM Group points out that MVM Co. Ltd. has acquired the largest natural gas trader in the Czech Republic, which is increasingly present in electricity trading market as well. The Czech company […]

More Than Ever Hungarians Diagnosed Infected in One Day

D&T
Oct 31, 2020

In the last 24 hours, 3,908 more Hungarian citizens were diagnosed with the new coronavirus infection – never before had so many new infections been registered in one day. This increased the number of identified new coronavirus infections to 75,321 in Hungary since the beginning of the epidemic. The number of COVID-19 related fatalities went […]

2020 Hotel Price Index

D&T
Oct 30, 2020

A new study by tour operator Dertour show the cost of 3, 4 and 5-star hotels and vacation homes in 75 popular destinations, including a 2019 price comparison to illustrate how the COVID-19 pandemic may have impacted prices. The 2020 Hotel Price Index reveals the current cost of a range of hotel and vacation homes […]

Jobs in Peril

D&T
Oct 30, 2020

After a short respite in the summer months, Hungary’s unemployment rate set out on a upward trajectory in September, reflecting the negative impact of the pandemic on the nation’s economy. The somber economic outlook gives little hope that the trend will reverse any time soon. Hungary’s unemployment rate rose for the first time in four […]

New Daily Record of COVID-19 Fatalities in Hungary

D&T
Oct 30, 2020

Covid-19 complications caused by the coronavirus have killed 65 patients in the past day in Hungary, bringing the death toll to a total of 1,699 in the country. This is the highest number, so far, of daily fatalities that can be tied to the new coronavirus infection in Hungary. In the past 24 hours, another […]

Berlin mural at Akácfa utca in Budapest

Berlin Mural in Budapest

D&T
Oct 29, 2020

A mural evoking Berlin has been painted in German-Hungarian cooperation on a firewall in downtown Budapest to mark the 30th anniversary of the reunification of Germany. The mural at Akácfa Street 27 in District 7 depicts three figures at the Berlin Wall in clothes painted with the colors of the German national flag by the […]

Q1-Q3 CEE Investment Volumes Down Compared to 2019

D&T
Oct 29, 2020

Despite investor appetite remaining strong for the Central and Eastern European (CEE) region, year-end volumes are likely to reach EUR 10-11 billion, appr. 20% lower than in 2019, Colliers International reveals. Despite COVID-19 impacts on markets, flow volumes remain relatively healthy for the first three quarters of 2020 at appr. EUR 8 billion. Poland attracted […]

Hungarian Named into IMF Board of Directors

D&T
Oct 29, 2020

Dániel Palotai, who was Executive Director and Chief Economist at the National Bank of Hungary for over seven years until last month, will be on the Board of Directors of the International Monetary Fund from November 1. The Hungarian economist has been an advisor to the IMF since September this year. As the news site […]

German Firm's Subsidiaries in Hungarian State Ownership

D&T
Oct 28, 2020

State-owned Hungarian energy group MVM has acquired the Hungarian and two Chinese subsidiaries of the German energy company Enexio. With the change of ownership, MVM also received a world-famous Hungarian patent, the Heller-Forgó's refrigeration system, which made Enexio an important player in the energy market. According to the sales director of Enexio Hungary Zrt., Balázs […]

Falling House Prices in Budapest

D&T
Oct 28, 2020

House prices fell by 5.6% in the second quarter of the Hungarian capital. Consequently, prices fell by some 2.5% compared to a year earlier, the National Bank of Hungary (MNB) reports. According to the latest MNB house price index data, house prices in Budapest declined year on year in nominal terms, which has been unprecedented […]

Rubik's Cube Rights Purchased by Canadian Toymaker

D&T
Oct 28, 2020

Toronto-based Spin Master Corp., a leading global children's entertainment company, has announced it has reached an agreement to acquire London-based Rubik's Brand Ltd, owner of the world-famous Rubik's Cube.   A statement by the company quotes Elizabeth LoVecchio, Spin Master's Vice President Marketing, Games by saying that "the Rubik's Cube is an iconic puzzle that has permeated pop culture and […]

Former U.S, President's Statue Unveiled in Budapest

D&T
Oct 27, 2020

This Friday, a statue in honor of George Herbert Walker Bush, the 41st president of the United States, was unveiled in Szabadság tér (Liberty Square) in Budapest on the occasion of the 30th anniversary of the fall of communist rule in Central and Eastern Europe. The statue pays tribute to President George H. W. Bush, […]

Council of the Central European Consular Corps

D&T
Oct 27, 2020

The Council of the Central European Consular Corps has introduced itself at the Institute of Foreign Affairs and Trade in Budapest. The event was opened by Márton Ugrósdy, Director of the Institute of Foreign Affairs and Trade, followed by Péter Cseresnyés, State Secretary of the Ministry of Innovation and Technology, Ms. Vesna Njikoš Pečkaj, Plenipotentiary […]

New Daily Record: 63 COVID-19 Related Deaths in Hungary

D&T
Oct 27, 2020

Another 63 new coronavirus patients died in Hungary in the past 24 hours, 15 more than the previous daily record. The majority of the 63 deceased suffered from chronic diseases. The total official number of new coronavirus fatalities in the country is now 1535. In one day, another 2,079 Hungarian citizens were diagnosed with the […]

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