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Articles by Date

July 2019

29 hits
Angela Merkel

German Chancellor to Visit Hungary in August

D&T
Jul 31, 2019

Germany’s Angela Merkel will attend a commemorative event marking the 30th anniversary of the Pan-European Picnic, infostart.hu said, citing Bertalan Havasi, deputy state secretary at the Prime Minister’s Office. Hungarian Prime Minister Viktor Orbán and the German Chancellor will both deliver speeches at the event to be organized in Sopron, western Hungary. In an effort […]

LOT's Chief Executive Officer Rafal Milczarski

Poland’s LOT to Launch 5 New Flights From Budapest

D&T
Jul 31, 2019

Polish airline LOT will start operating direct flights to Seoul, Prague, Belgrade, Stuttgart and Sofia, Hungarian state news service MTI reported, citing Rafal Milczarski, LOT’s Chief Executive Officer. The new Seoul service, to be operated 3 times a week from 22 September, will be the first direct air connection between Hungary and South Korea, Milczarski […]

SMEs in agricultural sector

Small Agriculture Businesses Falling Behind

D&T
Jul 30, 2019

Service providers and construction companies are the most successful enterprises in the Hungarian SME sector whereas agricultural companies are struggling to cope in today's business environment, according to a study commissioned by UniCredit Bank and carried out by Inspira Research. Industrial enterprises have the highest business potential and their ratio within the SME segment remained […]

Croatian Foreign and European Affairs Minister Dr. Gordan Grlić Radman

Former Ambassador to Hungary Appointed as Croatian Foreign Minister

D&T
Jul 30, 2019

Dr. Gordan Grlić Radman, Croatia’s former Ambassador to Hungary has been appointed Foreign and European Affairs Minister. Croatia's upcoming presidency of the European Union in the first half of 2020 is one of the top priorities of his country’s diplomacy, along with accession to the Schengen Area, the Eurozone and the Organization for Economic Cooperation […]

Kristóf Milák and Katinka Hosszú

Hungary in Top 5 at World Swimming Championship

D&T
Jul 29, 2019

Hungarian swimmers have won five gold medals at the 2019 World Aquatics Championships in Gwangju, South Korea. Katinka Hosszú continued to rule women’s individual medley by winning both the 200- and 400-meter individual events, however, the performance of Kristóf Milák caused the biggest sensation. The 19-year-old swimmer broke the world record set by the legendary […]

Winning french project at Solar Decathlon Europe 2019

French Team Wins Innovative Homebuilding Contest in Hungary

D&T
Jul 29, 2019

Nearly 400 university students from eight countries signed up for the Solar Decathlon Europe 2019 contest organized in Szentendre, north of Budapest, to test their skills in building prototype houses designed for the age of renewable energy. Solar Decathlon Europe is an international competition that challenges collegiate teams to design and build houses powered exclusively […]

Municipal Elections Set for October 13 in Hungary

D&T
Jul 26, 2019

A statement by the President of the Republic of Hungary, János Áder says that "ever since the first free elections in 1990, all constitutional conditions are given to us to decide for ourselves the issues that determine our present and future. In the fall of 2019, we have the opportunity to decide on our local […]

Hungarian Defense Forces Medical Center

UN Staff Wards Against Health Emergencies in Hungary

D&T
Jul 26, 2019

FAO, the Food and Agriculture Organization of the United Nations, has signed an agreement with the Hungarian Defense Forces Medical Center in Budapest on delivering first aid trainings for United Nations staff members based in Hungary. The 100 participants will include largely fire wardens and administration team members, the ones who are the most often […]

Richter's Antipsychotic Drug to Be Sold in the Middle East and North Africa

D&T
Jul 25, 2019

Hungarian pharma firm Gedeon Richter has signed an exclusive license agreement with Hikma Pharmaceuticals Plc. to sell Richter's anti-psychotic drug ‘cariprazine’ in some Middle Eastern and North African (MENA) markets. Under the terms of the agreement, Richter will be responsible for product supply and Hikma will proceed with the registration and commercialization of the product […]

Audi Hungaria assembly hall

AUDI HUNGARIA Expands Capacities in Győr

D&T
Jul 24, 2019

AUDI HUNGARIA is to launch a comprehensive development at its plant in Győr, NW Hungary: it will expand the e-motor production capacity as well as the engine development center and the vehicle manufacturing infrastructure. The complex investment program worth EUR 127 million is the first step in the preparation to the challenges triggered by electro-mobility, […]

Bumchun

Bumchun Precision Comes to Hungary

D&T
Jul 24, 2019

South Korea's Bumchun Precision will build its first foreign plant in Hungary with an investment of HUF 13.3 billion . The new factory in Salgótarján, NE of Budapest, will manufacture aluminum battery connectors and will operate as a first-tier supplier to electric car manufacturers . At the official announcement, Hungarian Minister of Foreign Affairs and […]

Production line

Labor Shortage Causes Severe Revenue Loss for CEE Businesses

D&T
Jul 24, 2019

Lack of skilled workforce costs EUR 358 billion to companies in the region, PwC says Business leaders in central and eastern Europe are growing increasingly concerned about talent and skills shortages and their hampering effect on growth. The loss in revenue resulting from the increasing lack of skilled workforce is estimated to amount to a […]

The would-be Doosan factory in Tatabánya

Copper Thin Foil Manufacturer Chooses Hungary

D&T
Jul 23, 2019

South Korean Doosan lays foundation stone of manufacturing unit in Tatabánya Industrial Park. South Korea's Doosan will construct a new manufacturing unit in Hungary with a capacity to produce 50,000 tons of red copper foil on a year. The investment is part of the EUR 100 million project unveiled in November 2018. The annual amount […]

BMW to launch dual training in Debrecen

BMW to Launch Dual Training in Debrecen

D&T
Jul 22, 2019

The Bavarian premium brand has signed a cooperation agreement with two Debrecen vocational schools. BMW Group is launching a dual vocational training program at the BMW plant in Debrecen, northeastern Hungary from September 2021, based on a model that has already proved successful in Germany . The Bavarian company and the Debrecen Vocational Training Center, […]

Péter Szijjártó and Wilbur Ross

Hungarian Foreign Minister Meets With U.S. Commerce Secretary

D&T
Jul 19, 2019

Hungarian and U.S. officials discuss world trade Hungary’s government is an advocate of removing trade barriers and making the world economy as free as possible since the performance of the country’s economy is largely dependent on exports, Minister of Foreign Affairs and Trade Péter Szijjártó told state news service MTI after meeting with U.S. Secretary […]

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