Hungary's domestic tourists save the day for embattled sector

bne IntelliNews September 17, 2020

Hungary’s tourism sector was on track for another record year in 2020 before the pandemic hit the country, plunging it into a critical situation overnight.

A new growth area in a clean new world

Clare Nuttall in Glasgow September 14, 2020

Hungary-based producer of anti-bacterial coatings Resysten was doing respectably well before the coronavirus pandemic caused demand for its product to explode.

Hungary's budget on track for record shortfall

bne IntelliNews September 10, 2020

The deficit at the end of August reached HUF2.26 trillion, which is six times higher than the government’s initial target of HUF367bn.

COMMENT: How Covid-19 is changing international business and politics

David Landsman OBE and Khawar Qureshi QC in London September 2, 2020

Ever since the plague in Athens in 430 BC described by Thucydides, epidemics have followed movements of people and changed the course of history. Today Covid-19 risks challenging the foundations of business in our modern interconnected world

Hungary’s culture war escalates as students defy government-appointed leadership at Budapest's SZFE university

Tamas Szilagyi in Budapest September 2, 2020

After the expulsion of the Central European University and attacks on critical NGOs, the Fidesz government took aim at left-leaning cultural institutions.

Foundation linked to Hungary's right-wing government takes over Budapest’s University of Theatre and Film Arts

Tamas Szilagyi in Budapest September 1, 2020

University's leadership stand down fearing loss of autonomy, saying foundation deprived them of "all essential powers".

Hungary's government under pressure to launch stimulus as outlook deteriorates

Tamas Szilagyi in Budapest August 26, 2020

Budapest is planning to launch further stimulus measures in September as Hungary faces a widening deficit and the deepest recession since 2009.

Russian investor eyes Hungary's largest steelworks

Tamas Szilagyi in Budapest August 25, 2020

Talks with investors are ongoing on the sale of one of the largest industrial producers in Hungary, ISD Dunaferr, part of Ukraine's Industrial Union of Donbas.