The expectations of housing companies clearly deteriorated in April 2020 compared to a quarter earlier – according to the survey of the Hungarian economic research institute GKI and Masterplast. The epidemic caused by the corona virus has crashed the already slowing housing market, so the outlooks have become much more modest. The value of Budapest […]
The COVID-19 pandemic has also forced courts to introduce new solutions for litigation. One of the most important elements of litigation is that the parties concerned may be able to state and represent their case in person at the court hearing. At the same time, the increased security standards due to the epidemic situation do […]
European Automobile Manufacturers' Association (ACEA) has prepared the first assessment on the impact of the coronavirus epidemic. As expected, the restrictions aimed at stopping the infection dealt a drastic blow to the sector. In Hungary, some 50,000 less vehicles were manufactured that originally planned. So far, the epidemic has caused a total loss of 2.3 […]
70 years ago, on May 9, 1950, against the backdrop of the Cold War, French Foreign Minister Robert Schuman issued a declaration which marked the beginning of the process of building the European Community. On this occasion, Hungarian PM Viktor Orbán wished Europe every success for building stronger cooperation. The official website of the European […]
The confirmed number of people infected with the coronavirus now stands at 3,213. There are 904 people recovered and 405 deceased with another 13 elderly people passing away. Nationwide, there 10,927 people in compulsory home quarantine. The official number of samples tested in an accredited laboratory by the authorities since the outbreak of the pandemic […]
A few days before I was to take the flight to Budapest in November 2018, I met the then External Affairs Minister of India to seek her guidance for my work in Hungary. One important message she gave me was that many individuals spanning several generations had contributed to furthering India-Hungary friendship, including Sándor Kőrösi […]
Based on the feedback from the Budapest companies, Elek Nagy, the President of the Budapest Chamber of Commerce and Industry, sent a letter asking the government to make the GINOP - 1.2.8-20 EU fund application currently under social negotiation available to Budapest companies within the framework of the Competitive Central Hungary Operational Program (VEKOP). The […]
Sales and profit grew well above analysts' expectations in the first quarter of this year for the Hungarian pharmaceutical company Richter Gedeon Plc. The firm achieved a consolidated after tax profit of HUF 29.1 billion, which is 34.6% higher than in the same period of the previous year, and its sales revenue increased by 16.3% […]
During this Friday's Operational Group press conference, Chief Medical Officer Cecília Müller reported a steady increase in the number of people recovered. She said that more tests are being carried out and nearly 100,000 samples have so far been taken. The confirmed number of people currently infected with the coronavirus in Hungary is 1,921 (1,199 […]
Hungarian physicist János Frigyes Nemes has won the CMS Experiment Award of the European Organization for Nuclear Research (CERN), the CMS Success Award. CMS is one of the major international experiments of the Geneva-based CERN, the accelerator of the LHC of the European Organization for Nuclear Research. The award was established by the CMS Experiment […]
The international airport of Budapest, Ferenc Liszt International Airport, the aerial gateway to Hungary was inaugurated 70 years ago, on May 7, 1950. Over the past seven decades, hundreds of millions of passengers and millions of aircraft have used the runways and the terminal buildings of the airport. Seven decades, more than 240 million passengers, […]
As a result of the coronavirus epidemic, in March 2020, the number of nights spent by international tourists in Hungary fell by 68% and that of nights spent by domestic tourists by 61% compared to the same period of the previous year in commercial accommodation establishments (hotels, boarding houses, camping sites, bungalow complexes and community […]
Qatar Airways has announced that it will begin a phased approach to expanding its network in line with passenger demand evolution and the expected relaxation of entry restrictions around the world. It is going to operate again from June 2020 between Budapest and Doha three times a week. A press release by Qatar Airways says […]
"In light of the current situation, we will be delaying a number of projects, like the plant in Hungary. Other projects will be carefully reconsidered. Now, more than ever, our investments need to be targeted and based on sound judgement," Nicolas Peter, Member of the Board of Management of BMW AG has announced. A press […]
Turkish firm Yaris Kabin is going to establish its first production unit abroad in Hungary. By this investment worth EUR 20.3 million, the company will manufacture tractor and agricultural machinery cabins in Iváncsa, south of Budapest. According to the Hungarian Investment Promotion Agency (HIPA), 150 jobs will be created in the four halls and the […]
