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Covid-19 pandemic

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Another COVID-19 Victim in Hungary

Aug 1, 2020

A 50-year-old chronically ill man died in Hungary, bringing the number of deaths new coronavirus infection (COVID-19) in this country to 597. The new coronavirus infection (COVID-19) was detected in 21 new Hungarian citizens, which increased the number of infected people in Hungary to 4,526 with 3,364 already recovered. The number of active infections is […]

Real Estate Market Malaise

Jul 31, 2020

The economic crisis triggered by the coronavirus pandemic has wreaked havoc in nearly all sectors of the Hungarian economy and the real estate market was no exception. The latest data show that the number of construction permits plummeted in the wake of the crisis and experts warn that the disappearance of foreign property buyers could […]

103,000 fewer people in employment

Jul 29, 2020

Over the period of April-June 2020, the average number of people employed in Hungary was 4,408,000 – 103,000 fewer than a year before, the Central Statistical Office (KSH) reports. According to KSH, the economic consequences of the coronavirus epidemic affected the study period in its entirety, so their effects are reflected in the reported employment […]

Synagogues Closed for Two Weeks in Budapest

Jul 28, 2020

The Federation of Hungarian Jewish Communities (Mazsihisz) and the Budapest Jewish Community (BZSH) have closed down the synagogues in Budapest for two weeks and impose a ban on visiting Mazsihisz's Budapest hospital and BZSH nursing home. The Mazsihisz website writes that the leadership of Mazsihisz learned on Sunday that a relative of one of the […]

Coronavirus: Hungarian Sewage Water Samples

Jul 27, 2020

Based on samples taken from wastewater, the number of active coronavirus cases is not expected to increase in the next few weeks, Márta Vargha, senior water hygiene expert at the National Center for Public Health (NNK). The examination of wastewater started in May, i.e. during the period of the epidemic, first in Budapest and then […]

Post-Pandemic Scenarios

Jul 24, 2020

The 2008 global financial crisis left the world reeling from the near-collapse of the global financial system and recovery has proved slower and more protracted than most expected. Despite the seeming restoration of normalcy in the global economic processes over the past decade, the crisis triggered by the coronavirus epidemic has brought to light the […]

Stagnating Residential Property Price Index

Jul 24, 2020

Stagnating price indices, fewer transactions and record-high demand in the past few months – these were some of the features of the Hungarian property market in Q2 2020. This period was highly influenced by the socio-economic changes brought about by the COVID-19 pandemic. Of all the property market indices the one published by the national […]

Hoping for a Silver Lining

Jul 20, 2020

Economists and policy makers are still struggling to assess the scope of the global economic fallout that the coronavirus epidemic is leaving in its wake. Some analysts argue that central and eastern Europe, and consequently Hungary, could emerge from the economic malaise stronger than before. The jury is still out as to the shape and […]

The Spring When COVID-19 Came

In the WittyLeaks series, Diplomac&Trade regularly publishes the personal accounts of ambassadors and other diplomatic mission leaders accredited to Budapest. This time, the Malaysian Ambassador shares his thoughts of living through periods of epidemic. The rapid and sudden global spread of the novel coronavirus, the cause of the COVID-19 disease, has been disruptive and played […]

18 More Coronavirus Infections Identified in Hungary

Jul 19, 2020

The number of identified coronavirus infections in Hungary increased by eighteen to 4,333, there are no new deaths, according to the government website The number of deaths from the infection remained unchanged at 596, and 3,223 people had already recovered. The number of active infections is 514. 82 coronavirus patients are treated in hospital, […]

Government Cancels August 20 Celebrations

Jul 16, 2020

All public events lined up for the August 20 national holiday have been cancelled in light of coronavirus protection measures, the Minister heading the Prime Minister's Office, Gergely Gulyás announced this Thursday. The events would have included an air show and the traditional fireworks in the evening. As the minister said at his regular weekly […]

COVID-19: Losses in the Construction Industry

Jul 15, 2020

The volume of construction output, based on raw data, was 20.1% lower in Hungary in May 2020 compared to the high base of the previous year, the country's Central Statistical Office reports. Output decreased in both main groups of construction: in the construction of buildings by 24.0%, in civil engineering by 15.6%. Based on seasonally […]

Temporarily or Beyond?

During the state of emergency declared after the domestic appearance of COVID-19, a number of legal provisions were adopted, which helped all market participants to adapt to the situation. However, most of these provisions and restrictions were lifted after the end of the state of emergency, but some of them remained in force, since the […]

Increasing Traffic at Budapest Airport

Jul 13, 2020

As a sign of revival, 84,781 passengers were flying from Budapest's Ferenc Liszt International Airport in June, the airport's management company reports. A record number, more than 17,000 respondents participated in Budapest Airport’s survey carried out in June. The results reveal that 81% of interviewees plan to fly, with 67% intending to jet off from […]

Three More New Coronavirus Related Deaths in Hungary

Jun 28, 2020

Three patients died and the number of confirmed new coronavirus infections in Hungary increased by four in the past 24 hours in Hungary. With three deaths, the official number of pandemic related fatalities increased to 582 according to the government website dedicated to the COVID-19 pandemic situation in the country, and with four new cases, […]

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