In April 2020, the volume of sales in retail shops, including mail order and internet retailing, according to both raw and calendar-adjusted data, decreased by 10.2% compared to the same period last year, the Central Statistical Office reports. Due to the epidemiological emergency, regulatory restrictions were introduced, which also affected retailing, with an impact on […]

The COVID-19 pandemic has created unprecedented challenges for the global aviation industry. Qatar Airways has led the industry during these challenging times taking people home safely and reliably on more flights to more destinations than any other airline, becoming the largest airline in the world over the past three months, a press release by the […]

The impact of the unprecedented shock of the pandemic is now tangible, clearly affecting enterprises in Europe. Undertakings are cautious in reopening their doors to the market and customers. Although the number of new infections is (reassuringly) on the decline, the prospects for the next half year period are still filled with uncertainty: undertakings seek […]

Hungarians are reminded that easing the restrictions are necessary to return to normal everyday life, but it does not mean that the protection measures proposed by the government and recommended by experts should be forgotten. Colonel Tibor Lakatos, Head of the Operational Group pointed out during today's Operational Group press conference that “keeping to a […]

Another six people died of the Covid-19 pandemic in Hungary in the past 24 hours – all of them elderly with chronic diseases –, raising the official number of deceased in the current pandemic to 505 in this country. The confirmed number of people infected with the coronavirus now stands at 3,793 (1,432 of them […]

In the current extraordinary economic circumstances, the Hungarian National Bank’s (MNB’s) mandate is still to achieve and maintain price stability, to preserve financial stability, as well as to support the government’s economic policy. Consistent with this, mitigating the negative effects of the coronavirus pandemic on the real economy and financial markets and creating the conditions […]

At Tuesday’s briefing by the Operational Group, it was emphasized that the threat of an epidemic has not passed. The goal is to gradually restart life according to a strict schedule. However, It is still important to follow general precautions. From Monday, kindergartens will be open in the countryside, and schools will have a digital […]

The Mexican Embassy in Budapest has announced that the Mexican government and the shipping company Carnival Corporation are working together to repatriate 799 crew members of ships docked in ports off the west coast of the United States, including Hungarian, Croatian and Bulgarian nationals. Flights from the area of Puerto Vallarta, Jalisco in Mexico, are […]

The Hungarian Chamber of Health Care Professionals (MESZK) recognizes the irreplaceable work of health care professionals who are at the forefront of work during the coronavirus epidemic: workers will receive a thousand tablet computers. As the Chamber told the Hungarian news agency MTI on Monday, an appeal was made for charity in March, to which […]

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 […]

Leaving behind the legacy of the 2007-2008 crisis, the Hungarian banking system is prepared to face the challenges likely to result from the COVID-19 pandemic with healthy balance sheets and adequate capital and liquidity reserves. That is according to the latest financial report by the National Bank of Hungary (MNB). The report states that "based […]

The Hungarian Open Air Museum ('Skanzen') reopened in Szentendre, north of Budapest this Saturday. For the time being, the museum is only accessible with a walking ticket in accordance with epidemiological and distance keeping rules. During the usual opening hours, from 9 am to 5 pm on Tuesday to Sunday, visitors to the ethnographic museum […]

During today's Operational Group press conference, Chief Medical Officer Cecília Müller said the epidemic curve is still pointing downwards. There are currently 483 patients hospitalized with the coronavirus. According to official figures, the number of confirmed people infected with the coronavirus in Hungary now stands at 3,678. There are 11,688 people in compulsory home quarantine, […]

The cylinder heads manufacturer Nemak Győr Alumíniumöntöde (aluminum foundry) Ltd., which employs about a thousand people, will have 180 of its employees laid off by the end of July, the Hungarian news agency MTI reports. In his statement to the news agency, the company's financial director, Gábor Mersich writes that the redundancy at the Mexican-owned […]

The Minister heading the Prime Minister’s Office, Gergely Gulyás, was of the view today that the measures taken to fight the coronavirus in Hungary have been successful, but the situation is still very fragile, so it is important to follow the rules. “A proposal will be submitted next Tuesday, which begins the process of abolishing […]