With millions of jobs at risk as the pandemic hits tourism harder than any other sector, the World Tourism Organization (UNWTO), with the support of the World Health Organization (WHO), calls on innovators and entrepreneurs to put forward new solutions to help the tourism sector recover from the COVID-19 crisis. The 'Healing Solutions' global call […]
The Deputy Head of the British Embassy in Budapest, Steven Dick is the 10th person to die of the Covid-19 coronavirus pandemic in Hungary. Steven Dick joined the team of the British Embassy in Budapest as its new Deputy Head of Mission in November 2019. Before his arrival, he served British diplomacy in Saudi Arabia […]
Qatar Airways says it is is continuing to keeping the skies open and getting as many people home as they possibly can in these challenging times. "Our state-of-the-art aircraft with their advanced air filter systems, combined with strict bio-security screening of our staff mean that we can continue operating a significant number of flights to […]
Approximately 10% depreciation of most of the CEE currencies in February and March 2020 puts both landlords and tenants in a very unfortunate predicament, according to a fresh report by Colliers International. Countries that have not adopted the Euro, or are not pegged to it, have each seen about 10% depreciation in currency value, during […]
In a message to the public, the President and Rector of the Central European University (CEU), Michael Ignatieff explains that with its highly international student body, CEU is facing the extraordinary challenge of supporting students from over 100 countries in their efforts to either return home while the institution’s campuses in Vienna and Budapest are […]
The Hungarian banking system is prepared for the extraordinary situation and the attached special measures such as the debt repayment moratorium, the government website quotes Finance Minister Mihály as saying following a meeting with representatives of the Hungarian Banking Association. The minister said the debt repayment moratorium announced on Wednesday – as part of which […]
A man of 80 years of age with chronic illness passed away this Monday as a result of Covid-19 coronavirus infection, bringing the number of fatalities related to this disease to eight in Hungary with the number of people recovering from the virus infection increasing to 21. As of this Monday evening, 167 people are […]
Tourism and hospitality are among the first victims of the economic storm caused by the COVID-19 coronavirus. Businesses in the sector began feeling the negative economic effects directly after the first domestic disease was reported. The government announced early on that some support would be needed to help the sector survive the difficult period ahead. […]
Two Hungarian men, aged 79 and 68, have died as a result of Covid-19 coronavirus infection, bringing the number of fatalities related to this disease to three in Hungary. As of late midday this Friday, 85 people (73 Hungarians, ten Iranians, one British and one Kazakh citizen) are registered to have been diagnosed with the […]
At the Coronavirus Operational Group’s daily press conference on Thursday, Chief Medical Officer Cecília Müller said that there are now 73 registered infections in Hungary. The condition of the patients vary, but, unfortunately, six of them are in serious condition and are being treated in intensive care units. She noted that with the rise in […]
MOL Norge AS, a wholly owned subsidiary of Hungary' MOL Group, and its joint venture partners have discovered oil and gas in an offshore field located about 200 kms west of Stavanger in the Norwegian part of the North Sea. A statement by the company says the exploration well in the 820S licence area was […]
As the COVID-19 situation evolves, the World Tourism Organization (UNWTO) observes that full or partial travel restrictions have been – and continue to be – introduced across the world. These decisions are made with public health as the primary concern. The Secretary-General of the World Tourism Organization (UWNTO), Zurab Pololikashvili has issued a statement on […]
The Hungarian currency, the forint has reached another historic low this Wednesday as more than HUF 350 had to be paid for one euro. The new record low exchange rate was HUF 351.08 / EUR, the financial website portfolio.hu reports. The Hungarian currency also reached a record low to the US dollar this Wednesday: HUF […]
The International Air Transport Association (IATA) expects the global airline industry to need USD 150-200 billion in various forms of government financial assistance to survive the current COVID-19 crisis, the association’s director general and CEO Alexandre de Juniac is quoted by AVIATION WEEK. Losses the industry is facing will “certainly” be around USD 40 billion […]
More than a third of Internet users in Hungary would order online food because of the corona virus, which could double the number of people who shop online for their household, according to an online survey conducted by Reacty Digital between March 12 and 15, 2020. More than half of the adult population who regularly […]
