Hungarian fuels group MOL has entered Norway by acquiring 100% ownership in Ithaca Petroleum Norge (IPN) from Ithaca Petroleum Ltd. for USD 60 million to extend its presence in the North Sea region and enhance its international exploration portfolio.
The Office of the Hungarian President has announced that President János Áder, similarly to other European leaders, will stay away from the Russian Victory Day parade celebrating the 70th anniversary of the defeat of Nazi Germany on May 9 in Moscow.
The Hungarian Ministry of Foreign Affaars and Trade has knowledge of 58 Hungarin citizens who were in the area when the earthquake hit Nepal on Saturday and still has not managed to make contact with 10 of them this Monday, the Minister said.
"The idea was to create a meeting place for the Scandinavian people who live in Budapest, and for Hungarian fans of Scandinavian language and culture," founder Veronika Varga explains in the recent Swedish country focus of Diplomacy & Trade.
Apollo Tyres Ltd. will receive a job-creation training subsidy of HUF 606 million (cca. EUR 2 million). The Indian company is to spend the amount on providing Hungarians with vocational training in tire manufacturing between May 2015 and December 2019.
Hundreds of students and teachers gathered at Budapest’s ELTE university to attend a forum entitled 'Let us decide what we want to study' organised in protest against the government's plans to eliminate several basic courses, MTI reported.
Soldiers of the Hungarian Defense Forces have ended their Middle East peacekeeping operations on the Sinai Peninsula in Egypt where they formed part of the Multinational Force and Observers (MFO) in the past twenty years.
Hungarian competitors crossed the finish line first at the half marathon race that took place this past Sunday in Budapest in the framework of the Vivicittá Budapest 2015 running festival that, the organizers say, was the largest ever leisure sports event in Hungary.
Addressing the challenges of the global economy's transition from the linear model to the circular economy, EuCham European Chamber is hosting the Green Economic Forum on May 11 in Budapest. Attending is free of charge for accepted registrants.
The European Commission has suspended the payment of funding in three priorities of Hungarian development programmes totalling about EUR 2.3 billion. Hungarian officials say a correction of up to 10% can be expected, adding that this amount will not necessarily be lost.
The volume of Hungary’s construction output grew by 3.2% month on month in February 2015, but the fall in orders data suggest that regardless of the strong start this year the floor will soon fall from under the sector, the business website portfolio.hu reports.
“I think for any ambassador arriving to a new posting, it is important to try to learn as much as possible about the country," Swedish Ambassador Niclas Trouvé has said in a recent interview for the Swedish country focus of Diplomacy & Trade.
With 99.13% of the votes counted, Lajos Rig, candidate of the radical right-wing party Jobbik is set to win the Veszprém county No. 3 constituency by-election ahead of his governing Fidesz party candidate with the joint center-left candidate finishing third.
The MummyWorld Exhibition at the Hungarian Natural History Museum in Budapest was added the mummy of a Hungarian physician's young son who died in diphtheria 150 years ago. Human mummies from five continents are on display until May 17.
The number of businesses involved in vocational training is set to rise from 7,000-8,000 to 20,000 in Hungary and the government says it will set up training centers in the capital and in major cities around the country from July this year.
