Government mulling another extension of repayment moratorium

Hungary's government could consider a second, targeted extension of a moratorium on loan repayments, depending on circumstances in the spring, Marton Nagy, an advisor to the prime minister, said in Friday's issue of daily Magyar Nemzet.

AmCham Hungary, HIPA sign partnership agreement

The Hungarian Investment Promotion Agency (HIPA) is supporting the BSS Hungary (Business Services Sector Hungary) initiative launched by the American Chamber of Commerce (AmCham) with 24 representatives of the business services sector to promote the industry in Hungary, HIPA and AmCham said in a ...

Record-breaking plans halted by pandemic

Budapest Airport expects 5.5 million passengers this year

Due to the flight cancelations and drop in passenger traffic expected during the remaining months of this year, Budapest Airport has recalculated its annual forecast issued 3 months ago. According to the new projection, the annual passenger number will be no more than 5.5 ...

Airport spends more than 100 million euros for development over 12 months

New pier, automated check-in await travellers

The last twelve months were decisive in the life of Budapest Airport, as the company completed several large-scale development projects and background developments which have made travel by air faster and more convenient, maintaining the high level of safety and security, further strengthening the ...

Coronavirus leaves bad taste in mouths of gum manufacturers

Nail-chewing times are here

COVID-19 has battered countries, communities and corporations big and small. One perhaps unexpected casualty is chewing gum, a product with a 5000-year history and which has just celebrated half a century since the first full year of Hungarian production in 1970.

Budapest spa operator projects revenue to drop by 60 percent or more this year

Baths under constant crisis management

Revenue of Budapest spa operator BGYH could drop by 60 percent to 8-9 billion forints (EUR 26m) this year even under an optimistic scenario that there will be no second wave of the coronavirus epidemic, the recently appointed CEO of BGYH told business daily ...