Hungary
Hungary's domestic tourists save the day for embattled sector
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
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
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
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
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
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
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
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.