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 […]

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 […]

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 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, […]

In the first half of June, according to cash register data, store revenues were 3.7% lower than before, which is worse than the 2.6% decrease in May. In addition, people bought less in grocery stores, and the jump in online store revenues is also smaller than the April peak. The survey was made for the […]

According to a recent survey by Deloitte, almost nine out of ten respondents expect real estate market activity to decline in 2020. Between January and April this year, the perception of the players in the sector changed radically. Although more than half of the respondents expect only a short-term economic impact, 90% expressed a pessimistic […]

As of June 18, EU and EEA citizens as well as Hungarians returning from these countries may enter Hungary without restrictions; UK citizens may only enter Hungary with separate permission. Based on the regulation ending the ‘state of danger’, from June 18, citizens of the European Union as well as those of Liechtenstein, Switzerland, Norway […]

The number of deaths related to the COVID-19 pandemic has not increased in the last 24 hours in Hungary. It remains at 568. The new coronavirus infection (COVID-19) was detected in only two more people in the country, thus increasing the number of infected people identified in Hungary to 4,081. The number of people who […]

The number of confirmed people infected with the coronavirus in Hungary now stands at 4,064. There are 8,472 people in compulsory home quarantine, 2,476 recovered and 559 deceased. The total number of active COVID-19 cases is 1,029. The official government site finds it important to note that 40% of those infected, 60% of the deceased, […]

The coronavirus pandemic led to a sharp fall in housing market activity at the end of March 2020; and construction activity is also expected to slow. Looking ahead, the market of new homes may be supported by the preferential, 5% VAT rate applicable in brownfield zones, says a report by the National Bank of Hungary […]

From Monday, June 15, all healthcare services can be provided without restrictions while maintaining anti-epidemic preparedness, the Minister of Human Capacities announced at a press conference in Budapest on Friday. Minister Miklós Kásler said that in the case of hospitals, this means that 80% of the beds previously set aside for the care of coronavirus-infected […]

Singapore Airlines (SIA) has raised SGD 10 Billion of liquidity through its recent Rights Issue, as well as a mix of secured and unsecured credit facilities. This puts SIA on a steady footing as it tackles the challenges posed by the global Covid-19 outbreak. A SIA statement says the airline secured SGD 8.8 billion in […]

With the intention to smuggle a little color and joy into the evenings of the residents of the Hungarian capital, the Budapest Festival Orchestra offers a 10-15 minute serenade to selected apartment houses in the city. As a gift to the residents of Budapest, a few members of the orchestra play to the residential community […]

Official figures about the COVID-19 situation in Hungary indicate that the number of confirmed people infected with the coronavirus in the country now stands at 3,990. There are 10,133 people in compulsory home quarantine, 545 persons deceased and 2,279 recovered. The government's COVID-19 information website says total number of active COVID-19 cases is 1,166. There […]

The epidemic has arrived at a rest point which is confirmed by the fact that in the past twenty-four hours there have been no significant changes in the epidemic data, the Chief Medical Officer is quoted on the Hungarian government's website. Speaking at the Thursday online press conference of the Operational Group responsible for the […]