Over 1500 properties in Budapest purchased by Chinese in 2019

Last year 3753 Hungarian properties were purchased by foreigners. Chinese citizens bought 1521 out of...

Coronavirus – Food supplies secure in Hungary

Food supplies are secure in Hungary and will remain so in the coming months despite the novel...

Hungarian net wages grow in January, still under 700 euros

Wage growth for full-time workers in Hungary rose by an annual 9.2 percent in January, the Central...

Hungarian business chamber proposes measures to ease economic impact of epidemic

The Hungarian Chamber of Industry and Commerce (MKIK) on Monday unveiled a new package of proposals it...

Coronavirus – Orbán: Budget needs radical restructuring

This year's central budget must be radically restructured in order to manage the crisis caused by the...

Hungary to “receive” 5.6 billion EUR from the EU to fight against coronavirus

The reason I put receive between quotation marks is that Hungary got the chance to redirect more than...

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...

ILO welcomes G20 commitment in response to COVID-19 pandemic

The Director-General of the International Labour Organization (ILO), Guy Ryder, on Thursday welcomed the...

G20 leaders pledge over 5 trillion USD to boost global economy

Leaders of the Group of 20 (G20) major economies on Thursday vowed to inject over 5 trillion U.S....

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...