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Inflation Rate Continues to Grow in hungary

D&T
Sep 24, 2020

Following an EU record 3.8% annual inflation rate in July, this figure rose to 3.9% year on year in August, primarily reflecting increases in the prices of fuel and industrial goods due in part to base effects. A report published this Friday by the National Bank of Hungary (MNB) is of the view that supply-demand […]

Auchan Hungary Wins Award

D&T
Sep 23, 2020

Auchan Hungary won this year's Commercial Award of Excellence for Hungarian Products, which has been one of the most prestigious awards in the industry for three years now. Each year, the award is given to the commercial company that does the most to promote domestic products. This year, according to the jury, Auchan was the […]

New Coronavirus Death toll Exceeds 700 in Hungary

D&T
Sep 23, 2020

Another eight Hungarians - all of them with chronic diseases -fell victim to the COVID-19 epidemic, according to the pandemic website of the Hungarian government. Thus, the death toll increased to 702. The number of confirmed people infected with the new coronavirus in Hungary now stands at 20,450. There are 27,449 people in compulsory home […]

Kis-Balaton visitor center

Kis-Balaton Visitor Center Opens

D&T
Sep 22, 2020

A new visitor center, built for about HUF 1.2 billion, has been inaugurated in the swampy Kis-Balaton area near the town of Keszthely, just southwest of Lake Balaton in western Hungary. In addition to a network of 186 educational trails, nearly 1,000 kilometers long in total, the National Park Directorates also operate 64 demonstration sites, […]

New CEO at T-Systems Hungary

D&T
Sep 22, 2020

Magyar Telekom, the leading Hungarian telecommunications service provider, has announced that based on the decision of the Company's Board of Directors, Gábor Gonda will be the Chief Commercial Officer Enterprise and CEO of T-Systems Magyarország Zrt. as of November 2, 2020. Gábor Gonda takes on his new position as the CEO of T-Systems with 21 […]

Most Hungarians Do Not Want to Receive the Vaccine

D&T
Sep 22, 2020

Stagnant health care and curfews are the most worrying for Hungarians about the coronavirus, yet, only a quarter of respondents would ask for the vaccine, and 40% would certainly not inject themselves, a new survey says. 80% of those surveyed fear a second wave of the virus because they only have enough financial reserves left […]

Tokaj wine region

Grape Harvest Begins In Hungary

D&T
Sep 21, 2020

Grape harvesting has begun in most wine regions of the country. The chaotic weather that has lasted for years has posed great challenges to winegrowers and winemakers this year as well. Climate change is also having an impact on Hungarian wine regions. Although Hungarian wines have had outstandingly good years in the last ten years, […]

Expected Revenue Generation at Appeninn Holding

D&T
Sep 21, 2020

Appeninn Asset Management Holding Plc. accounted 4.2 million EUR turnover and 11.4 million EUR EBITDA (interests, profit and loss before taxation and depreciation) for the first half of 2020. Profit and loss before taxation measured 7.4 million EUR, which is lower compared to the same period of the previous year. According to the half-year report […]

Hungarian Currency Rate at Five-Month Low

D&T
Sep 21, 2020

With the intensification of the second wave of the coronavirus and the pricing of local closures spreading again in Europe, the international investor sentiment deteriorated significantly on Monday, which also dragged the Hungarian forint with it after the opening around 360 against the euro. As portfolio.hu reports, already in the morning the forint fell to […]

Romanesque Hall Reopens in Budapest Museum

D&T
Sep 20, 2020

After being closed for almost three months due to damage by the pouring rain, the Romanesque Hall of the Museum of Fine Arts can be visited again from this weekend. The hall had to be closed in mid-June, as the museum was soaked due to the extreme rain that was pouring in at the time, […]

Dramatic Fall in Budapest Airport Traffic

D&T
Sep 20, 2020

Traffic at Ferenc Liszt International Airport dropped significantly, by more than 90% during the first two weeks of September, compared to August, as a result of the travel restrictions introduced from September 1, 2020.  A bulletin by the management company Budapest Airport states that currently, the number of aircraft movements, i.e. takeoffs and landings, is […]

People wearing face masks on Budapest public transport vehicle

Record Number of new COVID-19 Cases

D&T
Sep 20, 2020

The number of confirmed people infected with the coronavirus in Hungary increased by a daily record of 1,070 cases and now stands at 17,990. Eight patients died in the past 24 hours, bringing the number of deaths to 683 with 4,391 already recovered. The number of active infected people is 12,916. There are 404 patients […]

Budapest_Szentendre bicycle path

Budapest-Szentendre Bicycle Path Completed

D&T
Sep 19, 2020

With a 5,6-kilometer section inaugurated, the bicycle path has been completed between Budapest and Szentendre, a town of historical architecture and popular tourist destination north of the capital. Most of the section, 3,380 meters are new cycle path, 1230 meters were repaired and the existing cycle path was upgraded. In addition, a bicycle bridge and […]

The Effects of COVID-19 on Payments

D&T
Sep 19, 2020

The adverse effects of the outbreak of the coronavirus pandemic did not have a significant effect on the domestic payments infrastructure; however, there was a substantial decline in turnover data for almost all payment methods in the second quarter of 2020. According to a report by the National Bank of Hungary (MNB), it is primarily […]

COVID-19 Update: 809 New Cases in Hungary

D&T
Sep 19, 2020

The number of confirmed people infected with the coronavirus in Hungary now stands at 16,920, including 809 new infections. As six chronic patients died, the number of deceased is now 675. The total number of active COVID-19 cases is 11,863. There are currently 386 patients hospitalized with the coronavirus, 30 of whom are on ventilators. […]

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