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 […]
The EuCham - European Camber has again prepared a list of European countries where the conditions for conducting business are the best. The research is based on World Bank and Transparency International indexes. Hungary is ranked 31st of the 46 countries. EuCham, whose Central and Eastern European office is located in Budapest, ranks and analyzes […]
As part of its emergency support package to tackle the economic impact of the COVID-19 crisis, the EU has put in place a temporary instrument to help workers keep their jobs during the crisis. On May 19, the European Council adopted SURE (European instrument for temporary Support to mitigate Unemployment Risks in an Emergency), a […]
The Act CXXX of 2016 on the Code of Civil Procedure (Ccp.) currently in force, in order to meet the requirements of accelerated technical development, already incorporated – upon its entry into force in 2018 – the rules for the use of electronic technologies and devices. However, no one would have thought that their use […]
Enterprises in the Hungarian capital calculate with at least another four months of crisis period, according to a research prepared by the Budapest Chamber of Commerce and Industry. However, 60% of them have no more than three months of reserves. BKIK conducted this research among 3,440 businesses to examine the economic impact of the coronavirus […]
Budapest ranks 49th on the 'Best Cities for Jobs Index' compiled by FutureLearn to show the post-pandemic job prospects for people in 100 cities around the world. Topping the list is Singapore, ahead of two northern European cities, Copenhagen and Helsinki. The Hungarian capital is preceded in the ranking by two Eastern European cities, Bratislava […]
Hungary produced the largest increase in new passenger car registrations in the first quarter of 2020 among the member countries of the EU and EFTA in the alternatively powered vehicles (APV) category that includes all vehicles not running on petrol or diesel (that is, electric chargeable, hybrid and other alternative powered ones. According to the […]
The global quest for effective treatment for the quickly spreading COVID -19 pandemic demands a review and amendment of the regulations on clinical trials carried out on human subjects. To expedite market access to rapid tests, vaccines, and newly developed drugs, both the US FDA and the European Medicines Agency (EMA) have recently published recommendations […]
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 […]
The coronavirus pandemic has highlighted that although, supply chains had reached extremely high and efficient levels of quality, throughput and to some extent cost, there is very little room for error, a new report by Colliers International says. Many manufacturers and businesses have had to close their doors to protect the spread of the virus, […]
Tuesday night, the Hungarian government submitted a bill on a special retail tax to parliament. This extends the application of a government decree promulgated two weeks ago. Thus, the tax must not only be paid until the end of the emergency situation due to the coronavirus epidemic, but the Hungarian tax system will be expanded […]
The Travel & Tourism sector faces a staggering 100 million jobs losses due to the coronavirus pandemic, according to the World Travel & Tourism Council (WTTC) as reported on ftnnews.com. The startling figure, based on research from WTTC, has increased by over 30% in the last four weeks, indicating the sheer crisis affecting the sector. […]
The European Commission has issued a practical guide to facilitate the free movement of priority workers and frontier workers between EU member states. The Commission thus supports governments in creating the conditions under which cross-border commuters can cross borders, where appropriate, without circumventing controls, with proportionate health measures. It is a positive development in this […]
