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July 2015

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The one millionth passenger in July | Budapest Airport

Record month at Budapest Airport

D&T
Jul 31, 2015

Budapest Airport has welcomed its one millionth passenger in a single month, for the first time in its history. Tamás Hadik and his wife, from the Qatar Airways flight from Doha, were in for a special surprise as the passenger count reached 1,000,000 in July.

| Dávid Harangozó

Shared interests and shared responsibilities

D&T
Jul 30, 2015

“Hungary is a country my family already knew well. We had had the opportunity to travel to this country before, and what we have experienced living here is consistent with our experience as visitors," the US Ambassador Colleen Bell tells Diplomacy & Trade.

New Hungarian fire engine presented in Budapest | Tamás Kovács / MTI

New Hungarian fire engine development

D&T
Jul 29, 2015

A new fire engine – or as it is called by professionals: vehicle sprinkler –, developed by Hungarian engineers, was presented at the 9th district fire deprtment in Budapest. The Heros Aquadux X 1500 fire engine is based on Renault chassis.

Press conference panel for the triathlon world cup and festival | Sándor Laczkó

Triathlon World Cup and festival in Tiszaújváros

D&T
Jul 28, 2015

The northeastern Hungarian town of Tiszaújváros hosts its 19th consecutive triathlon World Cup event in the framework of a triathlon festival between August 1 and 9. The World Cup is expected to be attended by some 200 competitors from 41 countries.

| Dávid Harangozó

Strategic planning is crucial

By Andrew L. Urban
Jul 28, 2015

"I came back from the US to Hungary with a business plan for an IT company, and it is highly satisfying to see that idea now a thriving business with almost 100 employees." says Peter Freed, founder of Duna Elektronika.

The podium of the 2015 Formula 1 Hungarian GP (from left to right): Kvyat

Vettel wins Hungarian Formula 1 Grand Prix

D&T
Jul 27, 2015

Ferrari driver Sebastian Vettel won the 30th Hungarian Formula One Grand Prix car race at the Hungaroring circuit in Mogyoród, just east of Budapest this Sunday. Red Bull's Daniil Kvyat finished second with team mate Daniel Ricciardo coming in third.

| Can Stock Photo Inc./ Tom Wang

LogMeIn: Making fortune from connecting

D&T
Jul 26, 2015

LogMeIn, a Hungarian born startup company has grown to become one of the world’s leading SaaS companies with over 800 employees in eight offices around the world. Its Budapest-office remains one of the most important development base.

|

Service industry joined manufacturers

D&T
Jul 25, 2015

In the early 1990s, market based privatization was the main incentive for foreign investment in Hungary. With privatization virtually complete, Hungary’s main focus in attracting FDI has increasingly shifted to products and services incorporating high value added elements. That is the case with the American investors as well.

British driver Lewis Hamilton at Friday's free paractice session at the Hungaroring | Zsolt Czeglédi / MTI

30th Hungarian F1 Grand Prix this week-end

D&T
Jul 24, 2015

Once the first Formula One Grand Prix beyond the Iron Curtain, the Hungarian GP is still special as it is one of the races (behind Monte-Carlo and Monza) to have continuously featured in the F1 calendar. Ths week-end Hungaroring hosts the 30th Hungarian Grand Prix.

| Dávid Harangozó

A genuine builder from America

Andrew L. Urban
Jul 24, 2015

George Hemingway is a self confessed opportunist, an autocrat – “a benign one” he quickly qualifies – but above all, a builder, not so much of buildings, though that, too with a new Bozsik stadium on the way, but of “organizations, businesses".

SwissChamHungary President István Béres (on the left) with one of the Vice Presidents

SwissCham Hungary's new Board announced

D&T
Jul 23, 2015

The Swiss-Hungarian Chamber of Commerce (SwissCham Hungary) has announced the composition of its new Board of Members and that of its new Board of Supervision. Dr. István Béres has been re-elected for another term as SwissSham Hungary President.

| Dusit /Shutterstock.com

American technology leads the world

D&T
Jul 23, 2015

American technology has been leading the world for decades. Giants such as
General Electric (GE), Microsoft, Apple, HP and others have contributed much to the world and represent a huge added value. And spend billions of dollars for R+D and marketing to defy Asian competitors.

Opeining a river border crossing point between Hungary and Serbia | Gergely Zoltán Kelemen / MTI

Border river port opened at Szeged

D&T
Jul 22, 2015

A crossing point over the river Tisza near the Hungarian city of Szeged was opened this Wednesday. The project - linking Hungary with Serbia - was in large part financed by the European Union. Two more crossing points on this border will open this month.

| Nándor Mester

Demand boosts the office market

D&T
Jul 22, 2015

Growth prospects for the European economy are showing improvement in 2015, which creates greater business confidence in office tenants. This is already having an impact on the demand for offices, which increased by 4% year-on-year. The tightening supply of prime office space in Europe is causing prime rents to accelerate.

| Can Stock Photo Inc./ GStock Studio

Happy days are here again

D&T
Jul 21, 2015

As the private investments' market heats up in Europe, owners of venture capital (VC) firms and private equity (PE) investors try to find good partners in Hungary too. Transactions happen every month and a good sign is that they happen not in the IT sector only but in the business products and services segment as well.

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