Hungary’s forint weakened to levels last seen in April as international currency market movements coupled with a record number in COVID-19 infections in Hungary put the forint under pressure. Could a weaker forint be here to stay in the longer run? The Hungarian forint fell to its weakest level since late April on Wednesday, moving […]
The volume of gross domestic product declined by 13.6% in Hungary in the 2nd quarter of 2020 compared to the corresponding period of the previous year, the country’s Central Statistical Office reports. The extraordinary situation resulting from the corona virus pandemic had a disadvantageous impact on the performance of most sections of the economy. […]
Starting September 1, foreign citizens may not enter the territory of Hungary without a specially justified case, Minister Gergely Gulyás has announced. According to Gergely Gulyás, Head of the Prime Minister’s Office, the government is of the view that “the second wave of the epidemic has begun in Europe.” He announced that "regarding border protection, Hungary […]
The bigger than expected decline in Hungary’s economic output has dealt a significant blow to the government’s budget plan for 2020. As a result of the weak GDP data in the second quarter and further restrictive measures made necessary by the second wave of the epidemic, the Finance Ministry was forced to revise its budget […]
State monopoly gambling firm Szerencsejáték Plc. provides HUF 150 million in support to three hospitals in Budapest for the purchase of special tools and equipment to help with epidemiological control. The CEO of the lottery company, Gábor Czepek said at the press conference in Budapest on Tuesday that the company offered HUF 50 million per […]
Festive Book Week, the biggest celebration of contemporary Hungarian literature was to be held for the 91st time this year in June. Due to the pandemic, it was postponed to September but now, organizers have canceled it for this year. The original dream of Hungarian author Géza Supka – for publishers, writers and readers to […]
Two chronically ill elderly patients died in Hungary, bringing the official number of pandemic-related deaths to 613. The number of confirmed people infected with the new coronavirus in Hungary now stands at 5,155. Those in compulsory home quarantine number 7,420 while 3,695 have officially recovered. The total number of active COVID-19 cases is 847. According […]
Vígszínház ( Comedy Theater) has announced that Friday night's performance 'The Boys on Pál Street' is canceled due to epidemiological reasons. One of the staff members had a positive test. Furthermore, based on the decision of the epidemiological authorities, the performances in the Comedy Theater and the Pest Theater will be postponed until September 4. […]
The number of confirmed people infected with the coronavirus in Hungary now stands at 5,002. There are 7,806 people in compulsory home quarantine. The number of those recovered is 3,665, while that of those deceased is 609. The total number of active COVID-19 cases is 728. The results show that 34% of those infected, 60% […]
Hungary’s worse-than-expected economic performance in the second quarter of 2020 may force the government to rethink this year’s budget and financing plan. The weak data could also compel the central bank to alter the course of monetary policy. Hungary’s second-quarter gross domestic product dropped by 13.6%, according to raw data published by the Central Statistical […]
The sales revenue in the first half of 2020 of ANY Printing Company Plc. was HUF 13 billion. Exports reached HUF 5.7 billion, which represents a 44% ratio. In the first half of 2020, ANY’s sales revenue is HUF 13 billion, which is 19% lower than in the same period last year. Export sales is […]
The new coronavirus infection (COVID-19) was detected in 39 new Hungarian citizens, which increased the number of infected people in Hungary to 4,916. An elderly, chronic patient has died, bringing the number of deaths to 608, and 3,623 have already recovered. According to official figures on the pandemic-related government website, the number of active infections […]
The number of confirmed people infected with the coronavirus in Hungary now stands at 4,877. The official pandemic-related death toll is 607. Further data by the Hungarian authorities suggest that there are 8,526 people in compulsory home quarantine, while the number of those recovered is 3,606. The total number of active COVID-19 cases is 664. The […]
The gross domestic product of Hungary went down by 13.6% according to raw data and by 13.5% according to seasonally and calendar adjusted and reconciled data in the 2nd quarter of 2020 compared to the corresponding period of the previous year. According to an explanation by the Central Statistical Office, the extraordinary situation resulting from the […]
This year has brought about challenges for the globe that previously only sci-fi writers imagined. In spring, the world economy seemed to screech to a halt, scores of companies saw their existence in danger, millions of workers were unable to work, and raw materials procured from abroad failed to arrive or did so with a […]
