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Covid-19 coronavirus

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Construction site in Budapest

Concrete Proposals by the Budapest Chamber

D&T
Apr 4, 2020

After consultation with Budapest companies, the Budapest Chamber of Commerce and Industry (BKIK) developed measures and proposals that can be introduced quickly but can be applied for a limited time to deal with the economic situation caused by the coronavirus epidemic. These proposals were also sent to the competent bodies of the Hungarian government. Following […]

VAT Cut Requested on Restaurant Deliveries

D&T
Apr 2, 2020

In order to reduce the severe consequences of the Covid-19 crisis on domestic restaurants, Wolt, a food delivery company, is asking the government to reduce the 27% tax rate of food consumed outside restaurants (takeaway, delivery) to 5% that applies to food eaten at restaurants. The turnover of restaurants has decreased dramatically in the recent […]

IATA: Airlines Facing Rapid Cash Burn

D&T
Apr 1, 2020

The International Air Transport Association (IATA) published a new analysis showing that airlines may burn through USD 61 billion of their cash reserves during the second quarter ending June 30, 2020, while posting a quarterly net loss of USD 39 billion, ftnnews reports. This analysis is based on the impact assessment IATA released last week, […]

PM Viktor Orbán in Hungarian Parliament

The Law to Give Government Extra Powers Takes Effect

D&T
Mar 31, 2020

The government of Viktor Orbán has been granted sweeping new powers for an unlimited period of time to manage the country’s coronavirus epidemic. According to a government spokesman, this law – which allows the government to bypass parliament – makes it possible to introduce “extraordinary measures” that are needed to fight the COVID-19 pandemic. The […]

Wake-up Call

Handling the Covid-19 coronavirus situation seems to be one of the biggest challenges of our post-’89 new world – but also a possibility to rethink and recalibrate European co-operation and maybe the entire European project. The end of a period and hopefully the beginning of another one. Ruling by decree in a war-style fashion sounds […]

People's Movements to be Restricted in Hungary

D&T
Mar 27, 2020

The restrictions on movement are introduced as of this Saturday through April 11 for the the whole territory of Hungary. During this period, people will only be allowed to leave their homes "for good reason." According to the decree, these "good reasons" include going to work, performing occupational duties, pursuing economic, agricultural and forestry activities, […]

Chamber Proposal to Cope with COVID-19 Crisis

D&T
Mar 26, 2020

A six-point financial package designed to offset the negative financial and economic impact of the coronavirus epidemic was drawn up at the Budapest Chamber of Commerce and Industry (BKIK) on the basis of direct feedback from small and medium-sized enterprises. The President of the Budapest Chamber of Commerce and Industry (BKIK), Elek Nagy, proposes to […]

MOL Starts Producing Sanitizers

D&T
Mar 26, 2020

Hungarian energy giant MOL has started production of hand and surface sanitizers to offer protection against the COVID-19 coronavirus. Both products are in short supply in Hungary. Lubricants producer and MOL Group member MOL Lub managed to shift production of a windshield washer production line at its Almásfüzitő plant in just two week. The unit […]

Qatar Airways Keeps the Skies Open

D&T
Mar 25, 2020

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 […]

Opportunities and Challenges in Extraordinary Times

D&T
Mar 25, 2020

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 […]

CEU Responds to the Pandemic

D&T
Mar 24, 2020

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 […]

Mayor orders citizens to stay at home in Polgár, E Hungary

80-year-old Hungarian Dies of Covid-19

D&T
Mar 23, 2020

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 […]

The microscopic view of the virus which causes Coronavirus disease

Two Elderly Hungarians Die of Covid-19

D&T
Mar 20, 2020

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 […]

Disinfection at the Keleti railway station in Budapest

“The goal is to avoid large-scale disease”

D&T
Mar 19, 2020

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 […]

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