The idea of implementing a unique device was born at the University Research, Innovation and Service Center (EKIK) of the University of Óbuda in Budapest and the university’s János Neumann Faculty of Informatics, in line with the strategic direction of research and development of the University's cyber-medical systems. Researchers at the University are working at […]
The National Association of Television Program Executives (NATPE), the premier global business association for content producers, distributors, streamers and buyers across all platforms has announced the rescheduling of NATPE Budapest International to August 25th through 27th, 2020, and NATPE Streaming Plus to September 15, 2020 as a result of the Covid-19 pandemic. NATPE Budapest International […]
The Hungarian subsidiary of JYSK, a retail chain of Scandinavian origin selling household goods, has donated 16 mattresses for the newly established center of the Szent-Györgyi Albert Clinical Center of the University of Szeged in Southeast Hungary for the treatment of coronavirus. The mattresses are for the convenience of short rest periods in the 12-hour […]
Tackling the present coronavirus situation is a challenge for all companies. They all seek answers to protect their employees and keep business flow. Eisberg Hungary, operating a 3,000-sqm salad factory in Gyál since 1992, just outside Budapest, has its own solutions. Tackling the present coronavirus situation is a challenge for all companies. They all seek […]
Two important novel features have been added to the LifeSaver application operated by the Vodafone Foundation and the National Ambulance Service (OMSZ) in Hungary. One of these is the Coronavirus Information button, which takes users to the Hungarian Government’s official coronavirus information site, making it directly accessible from the LifeSaver application. The other useful innovation […]
"We must simultaneously fight both the epidemic and its economic consequences: we must save lives and provide for the future. We must now adopt economic measures which will help us through the difficult phase which lies ahead of us," Prime Minister Viktor Orbán has announced. The PM said the goal of their economy protection action […]
Local firms – as much as international corporations – find themselves pondering these days more and more frequently, whether they can or cannot suspend lease payments for their shops, restaurants now temporarily closed due to the menace of the coronavirus epidemic. Lessees expect the courts — in light of the present situation – to be […]
After consultation with Budapest companies, the Budapest Chamber of Commerce and Industry (BKIK) developed measures and proposals that can be introduced quickly but can be applied for a limited time to deal with the economic situation caused by the coronavirus epidemic. These proposals were also sent to the competent bodies of the Hungarian government. Following […]
In order to reduce the severe consequences of the Covid-19 crisis on domestic restaurants, Wolt, a food delivery company, is asking the government to reduce the 27% tax rate of food consumed outside restaurants (takeaway, delivery) to 5% that applies to food eaten at restaurants. The turnover of restaurants has decreased dramatically in the recent […]
While right now the key factor is the survival of the supply chain, after overcoming the pandemic, it will also be necessary to address the challenge of sustainable food systems, which play an essential role in maintaining the health of people and the planet. That was highlighted by Diane Holdorf, Managing Director of the World […]
The International Air Transport Association (IATA) published a new analysis showing that airlines may burn through USD 61 billion of their cash reserves during the second quarter ending June 30, 2020, while posting a quarterly net loss of USD 39 billion, ftnnews reports. This analysis is based on the impact assessment IATA released last week, […]
The International Air Cargo Association (TIACA) is reporting that results are being achieved in the efforts to facilitate flow of air cargo in the world through the work of a specially created by ICAO “COVID-19 Technical Group”. Its objective is in joint actions by the aviation industry related to COVID-19, and it also includes experts […]
The government of Viktor Orbán has been granted sweeping new powers for an unlimited period of time to manage the country’s coronavirus epidemic. According to a government spokesman, this law – which allows the government to bypass parliament – makes it possible to introduce “extraordinary measures” that are needed to fight the COVID-19 pandemic. The […]
Lufthansa and Eurowings are introducing further measures to ensure the physical distance between passengers during their journey, ftnnews reports. From March 27, 2020, neighboring seats on board in Economy Class and Premium Economy will be blocked and remain free on all flights from Germany. This also applies to flights within Germany. This regulation does not […]
Singapore Airlines Limited (SIA) will offer all shareholders SGD 5.3 billion in new equity and up to a further SGD 9.7 billion1 through a 10-year Mandatory Convertible Bonds (MCB). Both will be offered on a pro-rata basis via a rights issue, and both issuances will be treated as equity in the Company’s balance sheet. SIA […]
