June storms cause HUF 1 bln of damage

Weather

The extreme weather conditions that ravaged Hungary during the first two weeks of June resulted in about 6,000 damage reports worth a combined HUF 1 billion in damages, insurer Generali estimates. 

Wind, hail and lightning strikes all caused damage in early June (photo is illustrative).

Southern Hungary was the most affected region, with Bács-Kiskun, Csongrád and Pest counties all experiencing weather-related damage. The city of Pécs (about 170 km southwest of Budapest) alone saw more than 200 damage reports.

Other cities in the region, especially Makó and Szeged, saw a similar number of reports, according to a press release Generali sent to Hungary A.M. Nearly 5,000 of the total 6,000 claims came from the residential sector, with the corporate and agricultural sectors also affected by the storms.

Apart from the strong winds, hail and lightning damage were also reported. According to Generali, the total number of claims throughout the summer months may amount to as much as 100,000, based on the experience of recent years.  

Czech Economic Sentiment Hits 1-year High Analysis

Czech Economic Sentiment Hits 1-year High

Chinese President to Visit Budapest in May Visits

Chinese President to Visit Budapest in May

Hungarian Gen Z Auto-buyers Prioritize Affordability Automotive

Hungarian Gen Z Auto-buyers Prioritize Affordability

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails Drinks

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails

SUPPORT THE BUDAPEST BUSINESS JOURNAL

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.