Blog
DEFENCE MEASURES AGAINST CORONAVIRUS
On March 11, the Hungarian Government declared the State of emergency. University lessons can only take place in electronic form, they close all university establishments. Since March 16 schools and kindergartens are closed. They close the Hungarian...
NEW PROPOSALS HAVE ARRIVED – COULD BE PART OF THE GIANT-ORBAN GOVERNMENT RESCUE PACKAGE!
After Viktor Orbán consulted with key economic players and members of the government on Monday morning, the first set of proposals from the government and action group for economic recovery were received. Indeed, the Hungarian Chamber of Commerce and...
WHY SHOULD A COMPANY BE ESTABLISHED IN HUNGARY?
Hungarians are famous for their entrepreneurial spirit, and this is also demonstrated by the fact that there are currently over 1 million 700,000 businesses in Hungary. Speed and simplicity In Hungary, the establishment of a company, and in...
WIZZ AIR REDUCES ITS ITALIAN FLIGHTS
Wizz Air canceled some flights to Italy between 11 March and 4 April. According to the company, it will only reduce flights in response to falling demand, without the passengers concerned counting on compensation. It is not possible to book tickets at this...
COULD CORONAVIRUS CAUSE AN ECONOMIC CRISIS?
Coronavirus has a particular effect, rarely seen on the economy. It can affect both demand and supply at the same time and, as far as we know, it can cause a rapid and mild economic downturn, as well as a tougher crisis. Furthermore, depending on the...
IN SEPTEMBER 2019, THE VOLUME OF EXPORTS WAS UP BY 12% AND THAT OF IMPORTS BY 10% COMPARED TO THE SAME PERIOD OF THE PREVIOUS YEAR, ACCORDING TO A SECOND ESTIMATE BY THE CENTRAL STATISTICAL OFFICE (KSH). THE REVISED SURPLUS WAS EUR 539 MILLION, DOWN FROM THE EUR 556 MLN FIGURE OF THE FIRST ESTIMATE.
According to calendar-adjusted data, the export volume rose by 11% and the import volume by 8%. In September 2019, the value of exports amounted to EUR 9.7 billion and that of imports to EUR 9.1 bln. The value of exports increased by 12% and that of...
ONE OF THE LARGEST CHRISTMAS MARKETS IN BUDAPEST, CALLED ADVENT FEAST AT THE BASILICA HAS BEEN VOTED THE BEST CHRISTMAS MARKET 2020 AT A POLL ORGANIZED BY EUROPEAN BEST DESTINATIONS.
Some 289,000 people from 116 countries cast their votes for their favorite Christmas market in Europe. Budapest proved to be the most popular, ahead of Vienna, and Gdansk. The Advent Feast at the Basilica was already very popular among voters last year,...
HOW LONG WILL APARTMENT PRICES INCREASE?
How long will apartment prices increase? According to the latest Eurostat report, property prices in Hungary have risen faster than last year. According to Eurostat data published Monday, residential property prices increased on average by 14% in the...
EXPECTED DURATION OF WORKING LIFE BELOW EU AVERAGE
The expected duration of working life of people in Hungary stood at 34.1 years, well below the EU average of 36.2 years, according to a survey by statistical agency Eurostat. Eurostat defines the expected duration as the number of years that 15-year-olds...
PENSION: CHANGES IN 2020
1. REQUEST OF PENSION ACCORDING TO THE ACHIEVEMENT OF THE RETIREMENT AGE Next year people born in the first half of 1956 with their 64 years and 183 days can apply for their pension. The retirement age has increased by 6 months compared to the current age...