S&P affirms “A-” long-term rating for IIB with a stable outlook

On March 26, 2020, the international rating agency S&P Global affirmed the IIB “A-” long-term rating with a...

Hungary & Europe – Here are the worst economic impacts of the coronavirus

Tourism declines, there is a significant downturn in air transport, factories close, major developments...

Coronavirus – Budget resources in place to finance efforts against virus in Hungary

Efforts against the novel coronavirus epidemic will cost "several hundred billion forints", but those...

Coronavirus – The pandemic has reached the Hungarian real estate market

Although it is difficult to estimate the results of the coronavirus...

Hungary’s demand for guns increases as people grow scared of social upheaval

Gun controls are tight in Eastern Europe as across the rest of the continent, but demand for small arms...

Russian bank IIB buys Lánchíd Palota building for Budapest HQ

The Budapest-based International Investment Bank (IIB) on Wednesday said it acquired the landmark...

Debrecen Airport basically shuts down due to coronavirus

Both Wizz Air and Lufthansa announced that all of their flights from Debrecen are cancelled until 31 March. Even though the airport is...

MOL switches plants to sanitiser production

Hungarian oil and gas company MOL has repurposed its lubricants unit MOL Lub to make sanitiser in...

Coronavirus – Hungarian army teams despatched to more strategic companies

Army teams are being deployed to help 84 strategic companies in connection with novel coronavirus, a...

Budapest Airport planning on storing airplanes

Budapest Airport is looking to store the aeroplanes of several airlines as more and more flights are...