Budapest flood to peak today


Experts at Hungary's National Engineering Directorate (OMIT) still see water levels on the Danube peaking at 8.85 meters plus or minus 20 centimeters on Monday. OMIT said its experts excluded the possibility of any flood plume riding the top of the one headed toward the capital, causing water to rise higher than projected. The river stood at 7.95m at 11 in the morning on Friday and rose to 889 centimeters in Budapest early Monday. Mayor István Tarlós said the river would peak at around 8.95 meters on Monday. The city's flood defenses are effective until the river reaches 9.30 meters, he added. “On the basis of the latest data, the flood will pose a big task, but it can be successfully managed thanks to cooperation on a national scale,” OMIT said. Flood waters on the Danube have forced the closure of embankment roads in the capital and disrupted some public transport service. Prime Minister Viktor Orbán declared a state of emergency in areas affected by flooding along the Danube from noon on Tuesday.


Nagy: More Involvement in Insurance Market Banking

Nagy: More Involvement in Insurance Market

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Home Loan Rates Climb Over 10% Residential

Home Loan Rates Climb Over 10%

Countries Exchange Experiences for Better Production of Catt... Conferences

Countries Exchange Experiences for Better Production of Catt...


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.