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Fftermath of the Port of Beirut explosion

Hungarians in Lebanon To Help After the Explosion

D&T
Aug 8, 2020

The Special Medical and Rescue Team of the University of Debrecen has arrived in Beirut to take part in the rescue operations after the explosion that devastated the Lebanese capital on Tuesday. The Hungarian team, which includes anesthesiologists, neurologists and surgeons as well as a technical expert, took with them about 200 kilograms of equipment. […]

Passport check at Liszt Ferenc International Airport in Budapest

Growing Traffic at Budapest Airport

D&T
Aug 8, 2020

Compared with the previous month, passenger traffic at Liszt Ferenc International Airport grew threefold in July: while 84,781 passengers used the airport in June, this figure increased to 304,596 in July. Although this represents an 81% drop versus July 2019, the latest data clearly demonstrates the gradual return of propensity to travel, thanks to new […]

MOL Petrochemocals plant in Tiszaújváros

MOL Group Cash Flow Remains Positive

D&T
Aug 8, 2020

Hungary's MOL Group announced its financial results for the first half and second quarter of 2020. In the first six months, the Group delivered USD 975 mn EBITDA while Q2 EBITDA significantly declined compared to last year, due to the pandemic and economic crisis. The 2020 capex guidance of up to USD 1.5 bn was […]

Skanska Launches New Budapest Landmark Project

D&T
Aug 7, 2020

Skanska, one of the leading development and construction companies in Europe. invests about EUR 65 M in the first phase of the new office complex H2Offices located in the Hungarian capital. The project will offer a total leasable area of about 26 000 square meters. Designed to obtain WELL and LEED certifications, the project stands […]

Number of Pandemic Death Surpasses 600 in Hungary

D&T
Aug 7, 2020

Two elderly chronically ill people died in Hungary, bringing the number of deaths new coronavirus infection (COVID-19) in this country to 602. The new coronavirus infection (COVID-19) was detected in 24 more Hungarian citizens, which increased the number of infected people in Hungary to 4,621 with 3,464 already recovered. The number of active infections is […]

Vodafone: More 5G Base Stations around Lake Balaton

D&T
Aug 7, 2020

Vodafone Hungary has announced another development affecting the Lake Balaton region: the operator has turned on its 5G base stations in Siófok, allowing people with 5G-enabled devices to access the new generation network in the ‘capital city’ of the south coast. The Siófok stations are already using the 3500 MHz frequency range obtained at the […]

An Era of Sustainable Consumption?

D&T
Aug 7, 2020

As the world is preoccupied with tackling the economic fallout caused by the coronavirus crisis, a new trend is emerging: a more pronounced drive toward sustainable consumption. Less meat and shorter travels, more local produce in the shopping cart, and a conscious departure from mass consumption are the key aspects of this new consumer behavior. […]

Cargolux aircraft

Cargolux: 18 Years in Hungary

D&T
Aug 6, 2020

Budapest Airport has welcomed the 3500th flight of Cargolux at Liszt Ferenc International Airport. The Luxembourg-based airline has been ensuring connections between airports around the world, air freight operators, and Budapest Airport for 18 years now. 18 years, 3500 flights, more than 200 000 tons of air cargo of the electronics, automotive, and pharmaceutical industries, […]

Nyugati railway station under renovation in Budapest

Reconstruction Work at Nyugati Railway station

D&T
Aug 6, 2020

Due to the technical condition of the 143-year-old Nyugati Railway Station and the preservation of its monumental value, as well as its prominent role in railway traffic, the reconstruction of the roof structure of the building complex as soon as possible became urgent. MÁV Hungarian Railways says that in order to carry out the work […]

Declining Revenues at Magyar Telekom

D&T
Aug 6, 2020

Magyar Telekom has published its financial results for the second quarter and first half of 2020 on the website of the Budapest Stock Exchange. Among the financial highlights, the company says revenues declined by HUF 3.6 billion, or 2.2% year-on-year, to HUF 157.2 billion in Q2 2020, driven by lower contribution from the SI/IT business […]

Bronze Age Objects Found on Tram-Train Route

D&T
Aug 5, 2020

About 8,000 objects were discovered during the excavations on the route of the would-be tram-train between Hódmezővásárhely and Szeged, the oldest finds are from the Bronze Age. Experts from the János Tornyai Museum of Hódmezővásárhely carried out small archaeological excavations at eight sites along the route, and their experiences are preserved in tens of thousands […]

Hopeful Expectations at Erste Bank

D&T
Aug 5, 2020

Erste Bank Hungary set aside HUF 17 billion in risk costs in the first half of the year, reducing the bank's profit to almost zero. But they say: the situation is already improving. “We have conceded one goal, maybe there will be another, but we will win this match,” Jelasity Radován, President and CEO of […]

Sales Volume in Retail Shops Remain Unchanged

D&T
Aug 5, 2020

In June 2020, retail stores were already open without epidemiological restrictions throughout the country, so their sales volume increased by 0.8% according to raw data and remained essentially unchanged according to calendar-adjusted data compared to the same period last year. The Central Statistical Office says the volume of sales, adjusted for calendar effects, decreased by […]

Increasing Fruit Prices Adversely Affect Hungarians

D&T
Aug 4, 2020

A recent survey shows that half of the population in Hungary could afford to purchase less fruit this year than in the first half of 2019. There are several reasons: tis year was unfavorable for Hungarian fruit production in all respects, while the crisis situation caused by the coronavirus epidemic put the Hungarians in a […]

Central Bank to Support Green Finances

Sándor Laczkó
Aug 4, 2020

By implementing its Green Program, the National Bank of Hungary (MNB) wishes to contribute to reducing risks related to climate change and other environmental issues and to raising the volume of green market financing in Hungary. Following the measures already taken in the banking sector, the Bank says it will start introducing green finances in […]

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