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December 2018

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Foundation stone laying ceremony at Arconic | Zoltán Máthé /MTI

Arconic expands in Székesfehérvár

D&T
Mar 14, 2018

Arconic Wheel and Transportation Products, producer of Alcoa Wheels, that manufactures a range of fully forged aluminum wheels, announced another expansion in Hungary to double the capacities of its Székesfehérvár plant.

| Hungarian Football Federation

Hungarian billionaire on Forbes list

D&T
Mar 13, 2018

Forbes magazine has published its latest World’s Billionaires list that contains the world’s 2,208 wealthiest people. Among them is Hungarian banker Sándor Csányi who is back on the list - on place 1,999 - after 2016.

Laying the foundation stone for SK Innovation's Komárom plant | Csaba Krizsán /MTI

Battery plant construction begins in Komárom

D&T
Mar 12, 2018

Construction works have been launched for South Korea’s third largest company SK Innovation to build a plant manufacturing batteries for use in electric cars in the industrial park in Komárom with an investment worth HUF 97.5 billion.

Irota ecolodge | Irota ecolodge

Climate-neutral holiday resort in Hungary

D&T
Mar 10, 2018

While environmental awareness in the world and especially in Europe is increasingly popular, it may be surprising that Hungary has only one climate-neutral residence today, the Irota EcoLodge located in a village in northeastern Hungary.

Zalaco CEO László Berta | Zsolt Szigetváry /MTI

Bakery sector producer Zalaco triples capacity

D&T
Mar 8, 2018

A significant player in Hungarian food industry, the Western Hungarian company of Zalaco expands with greenfield investment in Zalaegerszeg. Having plants in Ajka and Sopron, too, this company is an important representative of the domestic bakery sector.

| Márton Kovács/MFAT

ibis Styles Budapest Airport Hotel opened

D&T
Mar 7, 2018

Hungary’s first airport hotel with direct terminal connection was officially opened this Wednesday. The ibis Styles Budapest Airport Hotel, built by the Hungarian company WING Co. Ltd. for HUF 3.2 billion has 145 rooms 300 guests altogether.

| mvm.hu

MVM to build Hungary's largest solar power plant

D&T
Mar 6, 2018

The town of Felsõzsolca in northeastern Hungary has accepted the proposal of state-owned Hungarian Electricity Works (MVM), which envisages the construction of the largest solar power plant in the country, with installed capacity of 20 MW.

Thyssenkrupp factory in Jászfenyszaru | Szilárd Koszticsák /MTI

Thyssenkrupp opens new factory in Hungary

D&T
Mar 2, 2018

A new factory has neen opened by the automotive component and raw material supplier thyssenkrupp Component Technology in Jászfényszaru, E Hungary. It produces overhead camshafts and electro-mechanical power steering.

| Tibor Illyés/MTI

Working closely with like-minded countries

D&T
Feb 28, 2018

This February, Australian Foreign Minister Julie Bishop paid a short visit to Budapest, where she met her Hungarian counterpart as well as representatives from the business community. Here is what she told Diplomacy&Trade about her visit.

Renewed 1

Upgraded Hungarian banknote

D&T
Feb 28, 2018

Upgraded 1,000-forint banknote denominations can appear in cash payments in Hungary from March 1, 2018. In addition to their renewed appearance, the banknotes have been brought up-to-date with regards their security features.

Japan Trip Navigator | JTB Hungary

JTB launches own app

D&T
Feb 27, 2018

In Japan, it is often not easy to get around as a simple tourist, especially if you are trying to get from point A to point B without a guide. The travel agency JTB Japan has helped create a pocket-aid that helps travelers create their own travel plans.

Balázs Rákossy

Startup Campus V4 Global Tour launched in Istanbul

D&T
Feb 26, 2018

The World Business Angel Forum in Istanbul marked the launch of the Startup Campus V4 Global Tour. At the conference, five Hungarian and two Polish innovative startups introduced their ideas to key sponsors and partners like Türk Telekom and Celebi.

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