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Articles by Date

February 2020

22 hits

Regional Management Consultation on Sustainability

D&T
Feb 28, 2020

At the invitation of BCSDH (Business Council for Sustainable Development in Hungary), a Central and Eastern European Regional Executive Consultation was held with the participation of corporate leaders, regional executives and leaders of professional organizations. Under the professional guidance of Filippo Veglio, Director of the World Business Council for Sustainable Development, participants discussed the role […]

Shine a Spotlight on CEE

Sándor Laczkó
Feb 26, 2020

CEE Business Media operates the English-language BiznesPolska.pl, and is the organizer of several international award events, including the Japan – Central Eastern Europe Investment Awards, which will take place in Tokyo on April 23. The Founder and Editorial Director of CEE Business Media, Thom Barnhardt tells Diplomacy&Trade that “our focus is on connecting international investors […]

Hungary's Population Falls under 9.8 million

D&T
Feb 26, 2020

The estimated number of the resident population calculated on the basis of the 2011 census and taking into account international migration was 9 million 769 thousand at the end of 2019, according to a February report by the country’s Central Statistical Office. It is the result of a natural decrease of 40,400 people (89,200 live […]

Ready for Tokyo 2020

Sándor Laczkó
Feb 25, 2020

It is less than half a year to the Tokyo Olympics. The Japanese are preparing innovative, environmentally friendly solutions for the Games that focus on sustainability. The President of the Hungarian Olympic Committee (HOC), Krisztián Kulcsár, has had reassuring, positive impressions in the island country and is confident regarding the chances of the Hungarian Team. […]

You Eat, We Give

D&T
Feb 25, 2020

Over HUF 11 million were collected towards the end of last year by Marriott International's traditional annual “You Eat, We Give” fundraising campaign. The money has recently been handed over to the non-profit organization 'SOS Children's Villages', which helps children living in state foster care and families living under bad conditions. In 2019, throughout October […]

Bridging Businesses

Sándor Laczkó
Feb 24, 2020

The Japan External Trade Organization (JETRO) established an office in Budapest in 1991. And, according to the General Director of the office, Ms. Akiko Okumura, they have been receiving requests for investment consultation from Japanese companies non-stop ever since. “JETRO's strengths lie not only in its networks overseas, but also in every prefecture in Japan. […]

First Seoul-Budapest Cargo Flight Launched

D&T
Feb 21, 2020

Budapest Airport welcomed the first direct Seoul-Budapest cargo flight this Thursday; Korean Air’s Boeing 777F type cargo aircraft taxied to the apron of BUD’s logistics base at 10:40. A press release by the airport management company says this aerial connection is not only an excellent opportunity for the large Korean companies operating in Hungary, but […]

Building on Firm Foundations

Edith Balázs
Feb 21, 2020

With Japanese companies among the pioneers that established a presence in Hungary after 1989 and overall Japanese investments exceeding EUR two billion, Japan ranks as the most significant source of capital inflows from Asia. Hungary and Japan, which marked the 150th anniversary of diplomatic relations last year, are set to further strengthen their ties in […]

MOL Group: 2019 Results and 2020 Outlook

D&T
Feb 21, 2020

The Hungarian oil and gas giant MOL Group has announced its financial results for 2019 this Thursday. The report says that despite the much challenging and volatile external environment at the end of the year, MOL Group generated USD 598 million Clean CCS (current cost of supply) EBITDA (earnings before interest taxes depreciation and amortization) […]

The March of the Busó in Mohács

D&T
Feb 20, 2020

This Thursday saw the start of the traditional Busójárás (the March of the Busó), a pagan Hungarian heritage. It is the symbolic ‘burying’ of winter and the welcoming of spring with folk music and dance in the south-central Hungarian town of Mohács near the Serbian border. Going back to medieval roots, the march of people […]

Targeting the Japanese Market

Sándor Laczkó
Feb 18, 2020

The Hungarian Export Promotion Agency (HEPA) opened a regional partner office in Tokyo in May last year, assisting Hungarian firms to enter the Japanese market and establish a firm presence there. “Last year was very important in Hungarian-Japanese relations as we celebrated the 150th anniversary of the two countries establishing diplomatic relations. We thought it […]

Hungarians Released from Quarantine

D&T
Feb 17, 2020

Hungarians held in quarantine at the South Pest Central Hospital for two weeks were not showing any symptoms, and the infection with the Covid-19 coronavirus has not been confirmed, so they were able to go home. The announcement was made by the Hungarian State Secretary for Health, Ildikó Horváth in a television interview this Monday. […]

National Bank Joins Responsible Banking Initiative

D&T
Feb 14, 2020

In line with its Financial Stability Council’s decision, the National Bank of Hungary (Magyar Nemzeti Bank, MNB), as a supporting party, will endorse the UN’s Environmental Program Finance Initiative’s Principles for Responsible Banking (Principles). By endorsing the Principles, MNB seeks to encourage as many banks in Hungary as possible to become signatories of the Principles, […]

Work in Linamar's Békéscsaba factory

Linamar Starts up with Electro-mobility in Békéscsaba

D&T
Feb 13, 2020

Canadian automotive company Linamar establishes its European electro-mobility center in southeast Hungary. The partially-independently developed electric powertrains of the firm will be manufactured in Békéscsaba for premium category cars. The two units (located in Orosháza and Békéscsaba), involved in the EUR 78 million investment program, will create 250 long-term, competitive jobs in the coming years. […]

Green Court Office Reaches 65% Occupancy

D&T
Feb 12, 2020

Codic Hungary closed a very successful year in 2019 by securing an anchor tenant who will lease 11,300 m² in the Green Court Office building, due for completion in Budapest in early 2022. With this transaction, Codic Hungary’s latest development will reach 65% occupancy of its office spaces only seven months into construction. The tenant, […]

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