Outdoor sporting and cultural events, restaurants and hotels to reopen across Hungary this week. At today’s Operational Group press conference, Róbert Kiss, Lieutenant Colonel of the Hungarian Police Force, announced that a new phase of protection measures will enter into force in Budapest tomorrow. “This means, people can consume food and drink inside restaurants and […]
The turnover at Hörmann Hungária Ltd., which sells garage doors, exterior and interior doors and traffic restraint systems, increased by 19% (to HUF 9.5 billion) compared to the previous year, the company told the Hungarian news agency MTI. According to the information provided, internationally, the German parent company closed with a 5% increase and sales […]
Many retailers have been adversely affected by the special retail tax re-introduced by the Hungarian government from May this year and the opening restrictions on a significant number of shops from mid-March to mid-May. However, there are state subsidies, tax and financial incentives that can also be applied in this sector. Several of these will […]
Renowned British engineer George Weisz, born in Hungary in 1929 as György Weisz, has passed away. He was also known as the father of Academy Award and Golden Globe Award actress Rachel Weisz. As The Times notes in its obituary of George Weisz, "in 1972, aged 42, he invented a pioneering artificial ventilator pneumatically powered […]
Another six 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 505 in this country. The confirmed number of people infected with the coronavirus now stands at 3,793 (1,432 of them […]
“Despite the pandemic situation, the construction of the Zalazone automotive industry test track in Zalaegerszeg is continuing unhindered and will soon be reaching its third and final phase”, Minister for Innovation and Technology László Palkovics said during an international online press conference held at the track. Following the announcement of the completion of the first […]
In the current extraordinary economic circumstances, the Hungarian National Bank’s (MNB’s) mandate is still to achieve and maintain price stability, to preserve financial stability, as well as to support the government’s economic policy. Consistent with this, mitigating the negative effects of the coronavirus pandemic on the real economy and financial markets and creating the conditions […]
At Tuesday’s briefing by the Operational Group, it was emphasized that the threat of an epidemic has not passed. The goal is to gradually restart life according to a strict schedule. However, It is still important to follow general precautions. From Monday, kindergartens will be open in the countryside, and schools will have a digital […]
The Hungarian oil and gas company MOL has shipped more than two million liters of its hand and surface disinfectants to hospitals, state and municipal institutions, public utilities and law enforcement agencies since late March when it began the production of these products. The company also started serving wholesale partners last week, reaching about 600 […]
The Mexican Embassy in Budapest has announced that the Mexican government and the shipping company Carnival Corporation are working together to repatriate 799 crew members of ships docked in ports off the west coast of the United States, including Hungarian, Croatian and Bulgarian nationals. Flights from the area of Puerto Vallarta, Jalisco in Mexico, are […]
The Hungarian Chamber of Health Care Professionals (MESZK) recognizes the irreplaceable work of health care professionals who are at the forefront of work during the coronavirus epidemic: workers will receive a thousand tablet computers. As the Chamber told the Hungarian news agency MTI on Monday, an appeal was made for charity in March, to which […]
Although domestic companies recognize the needs of young employees, they do not respond adequately to them. That is according to a complex research by the Budapest Chamber of Commerce and Industry (BKIK) examining the Y and Z generations. According to a survey of 2,000 young people and companies, employers have too high expectations towards their […]
In May, presumably as a result of the lockdown easing measures announced by the government, almost all sectoral and consumer confidence indices increased and eliminated one-third of their dramatic fall in April. However, pessimism in industry intensified further. GKI’s economic sentiment index rose by 5 points to -28 points after falling by 29 points in […]
A study of the operation of the multi-product bio-refinery operator Pannonia Bio in the past five years shows that in 2019 alone, the company's activities contributed to Hungary's GDP by around EUR 712 million while supporting the maintenance of 2,580 jobs. The economic impact study prepared by the HÉTFA Research Institute also says that the […]
The European Day of Parks is a commemorative day for Protected Areas across Europe that was launched in 1999 by the EUROPARC Federation to celebrate Protected Areas throughout Europe. It celebrates the creation of the first National Parks in Europe – a set of nine parks created in Sweden in 1909. Held on May 24, […]
