The COVID19 epidemic has also radically transformed the way customer services work. Due to restrictions, customer activity has slowed down and contact with the customers has been re-established. Due to the economic difficulties, the willingness to pay is expected to weaken, which may lead to an increase in the debt portfolio and a decrease in […]
The most successful orienteering competitor in Hungary, 75-year-old Sarolta Monspart has been named as a new member of the exclusive Athlete of the Nation club. During her active years, Sarolta Monspart won 14 national orienteering championships and six cross-country skiing championships. She was the first European woman to finish the marathon distance within three hours […]
On April 29, Magyar Suzuki Corporation will restart production. While introducing healthcare and safety measures which will be more complex than any other measure before, the company will gradually restore production in one shift at the beginning. The Esztergom plant, NW of Budapest, continuously monitors the market needs and shapes production plan according to this. […]
The previous momentum in the construction industry still keeps the number of start-ups in the sector high. In March 2020, nearly 80% more businesses were launched in the sector than were closed. It was expected that the effect of the coronavirus would not be immediately apparent in the sector, but the March values refute all […]
A new type of coronavirus epidemic may also affect the timing of ongoing or planned company transformations and group-level structuring processes, but may even necessitate such reorganizations, according to a new study by Deloitte Hungary. Fearing the consequences of the economic crisis, the question rightly arises for farmers: what tools do they have to maintain […]
Another 14 people died of the Covid-19 pandemic in Hungary in the past 24 hours – all of them elderly with chronic diseases - , raising the official number of deceased in the current pandemic to 214 in this country. The confirmed number of people infected with the coronavirus now stands at 2,098. There are […]
CIG Pannonia Life Insurance Plc. has issued a statement informing its investors and other participants at the Budapest Stock Exchange that it has taken and implemented fast and effective measures to compensate for the effects of the emergency situation caused by the COVID-19 epidemic. At the beginning of the epidemic in Hungary, the management prepared […]
The Budapest Research Forum (BRF), which comprises the real estate firms CBRE, Colliers International, Cushman & Wakefield, ESTON International, JLL and Robertson Hungary, sets out below its Q1 2020 industrial market snapshot. In Q1 2020, 40,010 sq m of new space was added to the total modern industrial stock in Budapest and its surroundings, as […]
Another ten people died of the Covid-19 disease in Hungary in the past 24 hours, raising the number of deceased in the current pandemic to 199 in this country. The confirmed number of people infected with the coronavirus now stands at 1,984. There are 11,240 people in compulsory home quarantine and 267 recovered. The official […]
The European Commission has approved a HUF 350 billion (approximately EUR 1 billion) scheme to support the Hungarian economy in the context of the coronavirus outbreak. The support measures available under the scheme will be financed by the EU structural funds. According to Executive Vice-President Margrethe Vestager, in charge of competition policy, “this EUR 1 […]
The World Health Organization (WHO) declared the spread of the COVID-19 virus a global pandemic, and national governments declare emergency situations after one another. It is needless to say that uncertainty has taken its toll on the global economy. The foregoing is expressly true to cross-border and domestic M&A transactions where within a very short […]
By early April, Budapest Airport lost approximately 99.3% of its passenger traffic. Earlier, there were 320 aircraft movements, i.e. landings and takeoffs per day on average. Currently, this is just 35, of which only a few aircraft are airliners. In April 2019, the average daily passenger number (arriving and departing) was 44 000; this year, this […]
Hungarian freelance photographer Esther Horváth has been named as the winner of the 1st prize for single photos in the Environment category for her picture 'Polar Bear and her Cub' at the 2020 Photo Contest. In Budapest, the exhibition can be visited at the Hungarian National Museum from September 24 to October 25, 2020. Esther […]
The stability of customers and suppliers is important for UniCredit Bank Hungary Co. Ltd. – as are liquidity-maintaining payments in economic life, a statement by the company says. With this in mind, UniCredit Bank supports its domestic suppliers by speeding up the payment of their invoices by settling them immediately after the usual checks. This […]
Another 14 people died of the Covid-19 disease in Hungary in the past 24 hours, raising the number of deceased in the current pandemic to 156 in this country. The confirmed number of people infected with the coronavirus now stands at 1,763. There are 12,401 people in compulsory home quarantine and 207 recovered. The official […]
