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December 2020

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New Head of Communications at MOL

D&T
Apr 16, 2020

Media specialist Piroska Bakos is the new Head of Communications at the Hungarian oil and gas giant MOL Co. Ltd. She holdsthe position of the Group's communications manager in Hungary as of April 15. Piroska Bakos leads MOL Hungary's team responsible for Hungary's external and internal communications, as well as acting as spokesperson, under the […]

Hungarian Press Photo Exhibition 2020

D&T
Apr 16, 2020

The Photojournalist Section of the Association of Hungarian Journalists has announced the winners of the 38th Hungarian Press Photo Exhibition: András D. Hajdú and Bea Kovács, both of them freelancers. The Grand Prize of the Association of Hungarian Journalists went to András D. Hajdú for his series portraying the life of a segregated gypsy community […]

Shopping center in Budapest

Special Tax for Multinational Retail Chains in Hungary

D&T
Apr 16, 2020

The Hungarian government wishes to put some of the burden of handling the coronavirus pandemic by levying special taxes on banks and retail chains. The latter mainly concerns the multinational retail chains present in Hungary as the Hungarian store chains were made exempt from this tax by the government, according to a new study by […]

EMEA Government Responses in the Real Estate Market

D&T
Apr 15, 2020

Colliers International’ latest report “COVID-19 European Real Estate Markets Government Response” presents information on how the national governments across EMEA are supporting businesses with specific reference to commercial and residential rent/mortgage payments, business loans and grants, taxation allowances and business rates and household/individuals salaries. Concerning direct government support for occupiers and/or landlords with their commercial […]

Dr. László Szabó

New CEO at the Central European Press and Media Foundation

D&T
Apr 15, 2020

With effect from 15 April, the Board of Trustees of the Central European Press and Media Foundation (Kesma) has appointed László Szabó as the CEO and Chairman of the Board of Directors of Mediaworks Hungary Company Ltd. according to Kesma's website. In recent years, László Szabó has worked as Hungary's ambassador to Washington, and for […]

JYSK Distribution Center To Be Set Up in Hungary

D&T
Apr 14, 2020

The international furniture and home retail chain JYSK has announced to build a distribution center in Ecser, southeast of Budapest, to provide stores in seven countries with goods. Due to this investment worth EUR 200 million, the Danish furniture company is going to create 300 new jobs. Following the opening of its first shop in […]

Audi Hungaria production site in Győr

Audi Re-launches Production in Hungary

D&T
Apr 14, 2020

Audi Hungaria resumes production at its Győr plant as of this Tuesday. In consultation with the Volkswagen Group, Audi has developed a comprehensive package of measures to prevent the spread of the pandemic in the factory, in line with the regulations of the Hungarian health authorities, the local daily Kisalföld reports. One of the cornerstones […]

Balaton promenade closed in Keszthely

Tourists Turned Back from Lake Balaton

D&T
Apr 13, 2020

Beaches and promenades are closed at many locations around Lake Balaton in western Hungary in accordance with the limitations due to the Covid-19 pandemic and tourists flooding to local resorts to take advantage of the pleasant weather at the Easter long week-end had to be turned back from several places, the news site napi.hu reports. […]

Police patrol in Budapest's District 16

Covid-19 Update in Hungary: 99 Deaths

D&T
Apr 12, 2020

14 more people died of the Covid-19 disease in Hungary, raising the number of deceased in the current pandemic to 99 in this country. The confirmed number of people infected with the coronavirus now stands at 1,410. There are 15,333 people in compulsory home quarantine and 118 recovered. The official number of samples tested in […]

Magyar Telekom Launches Commercial 5G Service

D&T
Apr 9, 2020

Magyar Telekom has begun its commercial 5G data transmission service. Initially, it is available in certain parts of Budapest and Zalaegerszeg, SW Hungary. 5G technology, allowing data transmission rates significantly higher than earlier, low latency, and the connection of a vast amount of network devices shall open up a number of new possibilities for residential […]

CEU Confirms Presence in Budapest

D&T
Apr 9, 2020

In an open letter, the President and Rector of the Central European University (CEU), Michael Ignatieff has announced that the CEU Board of Trustees reaffirmed that CEU must maintain its presence in Budapest, which will serve as home to our Institute for Advanced Study, the Vera and Donald Blinken Open Society Archives, and a new […]

Another Eight Coronavirus Victims in Hungary

D&T
Apr 9, 2020

As the Operational Group responsible for the containment of the new coronavirus infection in Hungary announced at its daily press conference that eight more people died of this disease, raising the number of deceased to 66 in this country. The confirmed number of people infected with the coronavirus now stands at 980. There are 16,006 […]

Hungarian Ambassador to the U.S. to Leave his Post

D&T
Apr 8, 2020

The Hungarian Ambassador to the United States, Dr. László Szabó is to quit his post and return to the business world. As an official from the Hungarian Ministry of Foreign Affairs and Trade told the Hungarian news agency MTI, the Ministry is completely satisfied with the work of the Ambassador but he will leave his […]

Wine Bond Issued to Survive Pandemic Crisis

D&T
Apr 8, 2020

Due to the coronavirus pandemic the Gál Tibor winery in Eger, east of Budapest has lost all its sales channels: restaurants, wine bars, wine stores are all closed down and the restaurant which served guests and direct sales is, of course, no exception. “However, life must go on,” winemaker Tibor Gál says. “Spring is here, […]

11 New Covid-19 Related Deaths in Hungary

D&T
Apr 8, 2020

Another 11 people (most of them elderly) passed away in Hungary as a result of the Covid-19 pandemic, bringing the number of fatalities related to this disease to 58 in Hungary with the number of people recovering from the virus infection increasing to 94. As of this Wednesday, 895 people are registered to have been […]

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