The coronavirus pandemic had the biggest impact on passenger traffic in April, the May figures reflect a slow increase in traffic. Budapest's Ferenc Liszt International Airport handled just 9,870 passengers in April, and more than double that number, 22,813 in May. This is a drop of 98.4% compared to the 1,411,593 passengers registered last May. […]
While outside Budapest, a private garage is worth on average HUF two million, you have to pay several times for that in the capital where a car storage place can be worth up to six million. The price is greatly influenced by the possibility of public parking and the built-up ratio of the area, according […]
The Hungary-based trucking company Waberer's International Co. Ltd. has announced that it plans to shift its business focus towards contracted clients and the major trade lanes within Europe in its International Transportation Segment (ITS). A statement by the company says that with the coronavirus crisis having a significant impact on the European logistics industry, Waberer’s […]
As a result of the coronavirus epidemic, in April 2020, the number of nights spent by international tourists fell by 99% and that of nights spent by domestic tourists by 95% compared to the same period of the previous year in commercial accommodation establishments, the Central Statistical Office reports. Total gross sales revenues declined by […]
Parking in public areas in Hungary has been free – by government decree – since April 5. Although, the government justified the measure by saying that this would make public transport vehicles less crowded, only a small percentage of people seem to benefit from it, according to a new survey. Making parking free is one […]
This Thursday, Hungary marks the centenary of what many people regard as a national tragedy. It was on June 4, 1920 that the Allied Powers, the winners of World War I, and Hungary, as one of the defeated countries, signed a treaty at the Trianon Palace in Versailles, outside Paris, resulting Hungary losing about two-thirds […]
The epidemic has arrived at a rest point which is confirmed by the fact that in the past twenty-four hours there have been no significant changes in the epidemic data, the Chief Medical Officer is quoted on the Hungarian government's website. Speaking at the Thursday online press conference of the Operational Group responsible for the […]
In April 2020, the volume of sales in retail shops, including mail order and internet retailing, according to both raw and calendar-adjusted data, decreased by 10.2% compared to the same period last year, the Central Statistical Office reports. Due to the epidemiological emergency, regulatory restrictions were introduced, which also affected retailing, with an impact on […]
The COVID-19 pandemic has created unprecedented challenges for the global aviation industry. Qatar Airways has led the industry during these challenging times taking people home safely and reliably on more flights to more destinations than any other airline, becoming the largest airline in the world over the past three months, a press release by the […]
"Honest public debate and peaceful dialogue that will help us achieve durable and lasting peace in American society," says the American Ambassador to Hungary, David B. Cornstein in his social media message, which is also available in Hungarian. "The senseless death of George Floyd in Minneapolis is a stark reminder of the United States's long […]
The impact of the unprecedented shock of the pandemic is now tangible, clearly affecting enterprises in Europe. Undertakings are cautious in reopening their doors to the market and customers. Although the number of new infections is (reassuringly) on the decline, the prospects for the next half year period are still filled with uncertainty: undertakings seek […]
Two-thirds of Hungarians support the idea of adopting the euro and replacing the forint as soon as possible, according to a recent poll conducted by Pulzus Research for the news site Napi.hu. However, the reality of the move is small for the time being. To the question, "Would you support the introduction of the euro […]
Housing-related costs have increased disproportionately in Hungary in relation to family income. As a result, many households are unable to raise the payment of own resources for the purchase of their own home, they are forced to rent a home for lack of a better solution. However, an analysis by Deloitte Hungary says, renting is […]
Although, Lidl increased its total gross turnover significantly in 2019, it is still behind Tesco in the ranking of retail chains in Hungary. Of the chains selling fast moving consumer goods (FMCG), Tesco was the first with HUF 740 billion in revenue, Lidl closed last year with 685 billion, SPAR was in third place with […]
On June 2, 2020, Italians celebrate the 74th anniversary of the foundation of the Italian Republic. As Ambassador Massimo Rustico puts it, this day also means “sharing and constantly living values such as justice, democracy, equality and solidarity,” especially in such an extraordinary and dramatic moment of history as this one due to the COVID-19 […]
