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.

Unless humans radically change their lifestyles, they will have to face new crises after Covid, Ader says

President addresses UN General Assembly

Hungarian President Janos Ader addressed the United Nations General Assembly on Wednesday, warning of further crises to come unless humanity radically changes the way it influences the environment.

10 percent of the hotels in the survey were still closed in September

Association projects 70 percent revenue loss at Budapest hotels this year

For most hotels in Budapest, the loss of revenue this year may exceed 70 percent from last year, while hotels outside of the capital are expected to see their revenue fall by 20-40 percent due to the coronavirus crisis, according to a representative survey ...