German-owned Hübner Ltd. will expand its vehicle industry production facility in Nyíregyháza, NE Hungary with an investment of HUF 3.4 billion (some EUR 11 million), quarter of which is provided as subsidy by the Hungarian government.

German air carrier Lufthansa will modify its timetable and increase its number of flights between Budapest and Frankfurt. Starting from 11 December 2017, it will fly on this route five times a day and will also have an adjusted timetable.

“It is the Government’s decided goal to reinforce the Hungarian Defence Force, which guarantees Hungary’s security”, the Minister of Defence István Simicskó said at an event to mark the major refurbishment of the army’s fleet of Mi-17 transport helicopters.

Hungary is the latest country to enter the Chinese onshore capital markets, raising Rmb 1 billion in a three-year panda bond, the Financial Times reports.Thus, ut is the first country to have issued both offshore and onshore renminbi-denominated debt.

According to a report by the Hungarian Ministry for National Economy, the volume of retail sales grew dynamically, by 6% year-on-year, in the month of May 2017. Thus, the sector has been expanding for 47 months in a row.

Özyer Group has announced that it signed an agreement with Marriott International to launch the acclaimed Luxury Collection brand in Hungary with Matild Palace, a Luxury Collection Hotel expected to open in Budapest in early 2019.

As of this Tuesday, an area in Budapest's 11th district is called Ljubljana Square. The inauguration ceremony was attended by the Mayor of Budapest, István Tarlós; Slovenian Ambassador Ksenija ©krilec and the Mayor of Ljubljana, Zoran Jankoviæ.

Romanian telecom operator Digi Communications is to buy Invitel Telecommunications Co. Ltd., one of the key operators on Hungary’s telecom market, for EUR 140 million. The transaction will be carried out through Digi’s Hungarian subsidiary.

The European Bank for Reconstruction and Development (EBRD) is taking part in a financial restructuring of Budapest Airport Co. Ltd. with the aim to attract greater international investment and improve the airport’s operational performance.

The market for business bank cards in Hungary has grown steadily over the last two years, according to statistical figures published by the National Bank of Hungary. It is while the total market has virtually stagnated according to the number of units.

The French automotive supplier specializing in metal foundry Sicta is on a roll implementing an about EUR 11 million project in Felsõzsolca, NE Hungary. The expansion, subsidized by the Hungarian government with an undisclosed amount, is to create 115 new jobs.

The latest sustainability report by HEINEKEN Hungária says the company has recycled 98% of the generated waste and covers 22% of its energy consumption from renewable sources and has reduced its specific water consumption by 13.8% since 2008.

In order to spread modern electronic payment methods, the government has decided to support the deployment of another 30,000 bank card acceptance points, State Secretary in the Ministry of National Development Ágnes Hornung has announced.

Italian actor Franco Nero has a very impressive list of movies (over 200) to his belt. Coming up from time to time in that list is the name ‘Django’. He has talked to Diplomacy&Trade in an exclusive interview at a recent visit to Budapest.