Hungary-based TriGranit Management has established a new company in the United Arab Emirates, TGM Consultants (Dubai) FZ LLC, as part of its endeavour to actively pursue new property/facility management and leasing mandates.

The state-owned Hungarian Electricity Works (MVM) plans further rapid expansion after quick growth in recent years, more than doubling its revenue this year from 2010, the Chief Executive Officer of the company Csaba Baji told a press conference.

Hungarian Minister of Foreign Affairs János Martonyi paid an official visit to Chile between January 5 and 7 and reopened the Hungarian Embassy in Santiago de Chile. He also had talks with his counterpart and with the leaders of the Chilean Congress.

The Croatian capital, Zagreb saw the opening of a new Hungarian cultural institute this past week-end. The purpose of the new institute is to inform people in Croatia about Hungarian cultural and scientific achievements.

The Korean Trade-Investment Promotion Agency (KOTRA) established its Budapest office back in 1987, before the change of the social and economic system in this country. Its current director talked to Diplomacy & Trade in a recent interview.

Hungary’s general government consolidated gross debt at nominal value (or called the Maastricht debt) was 80.2% of GDP at the end of the third quarter of 2013, according to financial accounts data relesead by the National Bank of Hungary. (NBH).