A KPMG smartphone application is now available for download, giving users first-hand insights on tax issues in any country in the world, as well as professional analysis and reports prepared by KPMG. KPMG Digital Economy Tax Tracker runs on iOS and Android, as well. Developed by KPMG Global Services Hungary Ltd., KPMG Digital Economy Tax […]
With its AI Knowledge Center Program, Microsoft Hungary launched a strategic partnership with Hungary’s top universities, Jean-Philippe Courtois, Executive Vice President and President, Microsoft Global Sales, Marketing and Operations announced. Within the framework of this collaboration, universities will develop high-utility applications based on artificial intelligence using cutting-edge Microsoft technologies. The strategic partnership between Microsoft and […]
István Gádor, the creator of modern Hungarian ceramics, will have his bequest auctioned at the BÁV Auction House and Pawnshop in Budapest within the framework of the 75th Art Auction. In addition to István Gádor's most accomplished pieces, the collection to go under hammer includes outstanding paintings and sculptures created by some of his friends, […]
Hungary is considering hosting Grand Prix motorcycle (MotoGP) races from 2022 and the government has already taken steps for building a new sports arena that would house the event, news website privatbankar.hu reported, citing Minister for Innovation and Technology László Palkovics. Hungary started talks with the company that owns the MotoGP commercial rights a long […]
The Independent Trade Union of Retail Workers (KDFSZ) has called on Budapest Mayor Gergely Karácsony to put forward a proposal limiting Sunday shop opening hours in Budapest, daily Magyar Nemzet reported. The trade union wants supermarkets with a floor area exceeding 400 square meters to be open only until 2 pm on the last day […]
Tokaji is the only Hungarian brand among one hundred European products that are protected by geographical indications (GI) in an agreement signed by the EU and China against imitations and usurpation. Tokaj is a historical wine region located in northeastern Hungary and southeastern Slovakia. It was declared a World Heritage Site in 2002 under the […]
Budget airline Wizz Air announced that it has entered into a partnership agreement with car rental firm Sixt, with the deal covering 44 countries worldwide. The cooperation will allow Wizz Air passengers to reserve cars through the air carrier’s mobile app. The car rental company will join Wizz Air’s credit program as a result of […]
Dr. Edit Mátyus of the Chemistry Institute of the Eötvös Lóránd University (ELTE) in Budapest is the only Hungarian of the 408 recipients of this year’s European Research Council Starting Grants. Her project 'Theoretical developments for precision spectroscopy of polyatomic and polyelectronic molecules' won EUR 1.5 million support to be used in a period of […]
Hungary’s consumer price inflation rose an annual 2.9% in October, fueled primarily by an above-average increase in food prices, according to data published by the Central Statistical Office. The annual inflation index was 2.8% in September. Core inflation, which excludes volatile food and energy prices, rose from 3.9% in the previous month to 4% in […]
Hungarian Prime Minister Viktor Orbán stressed that Turkey was a strategic partner for Hungary and praised Turkey’s role in stopping Europe-bound migration. Orbán spoke at a press conference after meeting with Turkish President Recep Tayyip Erdogan in Budapest. The Hungarian premier noted that Turkey stopped 350,000 illegal immigrants from entering Europe this year alone and […]
Chinese audience will learn about the innovative side of Hungary at the second China International Import Expo (CIIE), said Balázs Hendrich, CEO of the Hungarian Export Development Agency (HEPA) in Shanghai at the opening of the Hungarian Country Pavilion, the Hungarian news agency MTI reports. In addition to the tourist attractions, investment environment and trading […]
In September 2019, the volume of sales in retail shops in Hungary increased by an annual 6.3%, according to raw data, and by 5.8% when adjusted for calendar effects. The country’s Central Statistical Office reports that the volume of sales, adjusted for calendar effects, rose by 3.0% in specialized and non-specialized food shops, by 8.6% […]
Hungary’s fifth-generation (5G) network will be built by Huawei, Vodafone and Deutsche Telekom, new portal portfolio.hu reports, citing Minister of Foreign Affairs and Trade Péter Szijjártó. Hungary does not differentiate between companies based on their country of origin, Szijjártó said at the International Economic Forum organized in Shanghai. The U.S. government seeks to bar the […]
MOL today signed an agreement with Chevron Global Ventures and Chevron BTC Pipeline to acquire their non-operated exploration and production as well as mid-stream interests in Azerbaijan for USD 1.57 billion (subject to adjustments at closing), the Budapest-based company said in a press release. The deal includes a 9.57% stake in the Azeri-Chirag-Gunashli (“ACG”) oil […]
No. 3 seeds Timea Babos of Hungary and Kristina Mladenovic of France became the first team to successfully defend a WTA Finals doubles title in 11 years. They defeated No. 2 seeds Hsieh Su-Wei of Taiwan and Barbora Strycova of the Czech Republic 6-1, 6-3 in a flawless performance to lift the Martina Navratilova Doubles […]
