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UPDATED Coronavirus – Orbán: Small Businesses in Further Sectors Granted Tax Exemption

The government has organised its response to the new coronavirus outbreak along the policing, military, health-care and economic aspects of combatting the epidemic, Prime Minister Viktor Orbán told a press conference on Monday. “We will have to succeed on four battlefields simultaneously,” Orbán said at an online press conference of the operative …

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Hungarian Press Roundup: Weeklies on the State of Emergency

Weeklies and weekend editions of dailies ponder the economic and social implications of the coronavirus emergency, including discussion of the extension of the state of emergency. Hungarian press roundup by budapost.eu In 168 Óra, Péter Somfai suggests panic shopping is due to the lack of trust among Hungarians. The left-wing columnist suggests that the Hungarian …

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Coronavirus – Orbán: Gov’t Suspends Debt Service for Businesses, Individuals

The government has decided to suspend until the end of the year the capital and interest rate payment obligations of both private individuals and businesses under effective loan agreements, Prime Minister Viktor Orbán announcedon his Facebook page on Wednesday. The government has also decided to extend short term business loans until …

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KSH: Hungary Jobless Rate Falls Further in December

Hungary’s three-month rolling average jobless rate fell to 3.3 percent in December, down 0.2 percentage point from the previous month and 0.3 percentage point lower than twelve months earlier, the Central Statistical Office (KSH) said on Wednesday. The rate covers unemployment among those between the ages of 15 and 74. In absolute …

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Construction sector output up 20.5% in October

Output of Hungaryʼs construction sector climbed 20.5% year-on-year in October, Hungarian news agency MTI says, citing unadjusted data released by the Central Statistical Office (KSH). Output of the buildings segment was up 18.8%, lifted by construction of residential, cultural and industrial buildings, KSH said. Civil engineering output rose 22.3%, helped …

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Hungary’s 10 Major Problem Areas, Listed by National Bank Governor Matolcsy

György Matolcsy wrote a ten-point list of major areas in need of improvement and development in Hungary. In his article published on Novekedes.hu, the Governor of the National Bank of Hungary touches on many issues from the (still non-existent) Ferihegy high-speed railway, to solving the problems of women wanting babies, to the sugar …

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Comfy parking: A Hungarian start-up won an international award in Vienna

The Budapest-based Rollet has been prized and praised to be the most promising start-up enterprise of 2019. The ceremony took place at the Property Forum of Vienna, the most prestigious real-estate conference in the region where the top 100 most influential companies represent themselves from all over Central Europe. According …

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Budapest’s Matild Palace to be Luxury Collection Hotel

Özyer Group has signed an agreement with Marriott International to launch the acclaimed Luxury Collection brand in Hungary with Matild Palace, a Luxury Collection Hotel, according to a recent announcement made by Özyer Group. As the first Luxury Collection Hotel in Hungary, the Matild Palace will provide the perfect setting …

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