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.
Hungary is the only member state of the European Union that has not commmitted itself to take refugees entering the EU in Greece or Italy. At the meeting of EU ministers of justice and home affairs, all other member states agreed to take a certain number of migrants.
As a demonstration of further expansion into the American market, Hungary opened a trade house in New York in the early days of May. It will serve as a new gateway for Hungarian companies in the United States. Officials consider more offices to set up elsewhere in the country.
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.
German coach Bernd Storck has been appointed as the manager of the Hungarian national football team. The move comes after German club Hertha BSC no longer allows its Hungarian head coach Pál Dárdai to command the national team also.
Budapest Summer Festival presents 'Ooh La La,' the Night Revue Circus at the Margaret Island Open-air Stage. The joint production of the Open-Air Theatre, Bor Productions and MACIVA is staged on July 30 - August 1.
Nearly half of all family businesses in the CEE region plan changes in ownership within the next 5 years. But most of them don’t have clear processes in place for this turnover and require restructuring to be competitive in the future.
Neumann Society (NS), a transatlantic non-profit organization working to foster innovation among Hungarians and other Europeans in Silicon Valley announced the opening of Neumann House, its physical headquarters and community space in Redwood City, California on June 1, 2015.
The Hungarian chili sauce 'Spirit of Attila' won the Hot Sauce Hot category at the 2015 World Hot Sauce Awards held in New Iberia, Louisiana in the United States. The competition attracted 284 entries from 109 producers from 14 countries in 49 categories.
Hungary's public debt has never been over HUF 25,000 billion - until now. According to the Hungarian Debt Management Center, a recent increase of 1,377 bn brought it over the 25,000 bn level. Government officials cliam the increase is only temporary.
Hungarian soldiers have begun building a 175-meter long test section of the security fence the Hungarian government says will help stop the influx of illegal immigrants. The plan drew heavy criticism from both Hungary and abroad.
A three-dimensional NATO radar deployed in Medina, south-central Hungary, begins operation this Wednesday, and as a result, Hungarian airspace control is complete, Defence Minister Csaba Hende announced on Tuesday at the Medina radar station.
The third-seed Hungarian duo of Dalma Gálfi and Fanny Stollár won the Girls' Doubles event at the 2015 Wimbledon tennis tournament. Thus, they are the first ever to win a doubles title for Hungary at the All England Club in Wimbledon.
After two years, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) has again held inspections in Hungary. A representative of the FSIS audited the monitoring system of Hungary’s animal-based food producers.
One person died and 29 others were injured in the storms that hit Hungary on Wednesday, a spokesman for the disaster management authority was quoted by dailynewshungary as saying. The most harm was caused in Budapest hit by the storm in the afternoon.
