MENU
Articles by Date

November 2020

91 hits

Tesco Hungary Expands at Shell Gas Stations

D&T
Nov 30, 2020

Tesco's withdrawal from Poland is not an ominous sign, but rather a good opportunity for the Hungarian subsidiary to strengthen its regional role, Zsolt Pártos, CEO of Tesco Hungary, told the Hungarian daily paper Világgazdaság. He also talked about the fact that although Tesco closed stores, new doors opened in parallel. "It is not the […]

Falling Surplus in External Trade in Services

D&T
Nov 30, 2020

In the third quarter of 2020, Hungarian service exports and imports – calculated in euros – decreased by 33% and 31%, respectively, compared to the same period of the previous year. According to figures published by the country's Central Statistical Office, t he surplus was EUR 1,653 million, which is EUR 908 million less than in the […]

Regional Cooperation and Action is Needed

D&T
Nov 30, 2020

The circular economy involves a number of tools and complex systems for making the food supply more sustainable, which is one of the most effective things we can do to tackle climate change and rebuild biodiversity. The recently held third Circular Economy Summit focused on food and biodiversity and provided a number of corporate and […]

Partnership of the Future and the Past

D&T
Nov 29, 2020

Tungsram, the innovative Hungarian technology company that has been well-known for 125 years for his lighting solutions and products see Algeria as a respected partner and a promising market for its services, as it was in the past, says President&CEO Joerg Bauer. “In our recent discussions with His Excellency Ambassador Ali Mokrani we have found […]

Aegon headquarters in Budapest

Aegon Leaves Hungary

D&T
Nov 29, 2020

The Dutch multinational life insurance, pensions and asset management company Aegon has agreed to sell its business in Hungary, Poland, Romania and Turkey to Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG). "This transaction will simplify Aegon's footprint and strengthen our balance sheet", said Lard Friese, CEO of Aegon. "We are sharpening our strategic focus […]

New Highs in COVID-19 Infections and Deaths in Hungary

D&T
Nov 29, 2020

By Sunday, 156 people had died in connection with the new type of coronavirus infection in Hungary, koronavirus.gov.hu reported. This is worse than ever , the authorities reported 154 fatalities yesterday. The number of deaths thus rose to 4,672. According to the latest data, the new coronavirus infection was detected in another 6,819 Hungarian citizens […]

Duna House Group Returns to Growth Trajectory

D&T
Nov 28, 2020

Real estate venture Duna House Group says its crisis-resistant model has exceeded expectations by returning to its previous growth trajectory in the middle of the COVID-19 pandemic. A report by the Group on the website of the Budapest Stock Exchange highlights that net sales revenue increased by 11%, cleaned core EBITDA (earnings before interest, taxes, […]

Saaz Hops

D&T
Nov 28, 2020

Diplomacy&Trade has recently published a special section on the occasion of the Czech National Day with special emphasis on beer. This piece about the Czech Republic being the second major hop producing country in Europe has been provided by the Czech Embassy. In the Czech Republic, there are three regions where hops are grown, of […]

Yet Another Daily Record of COVID-19 Fatalities

D&T
Nov 28, 2020

152 Hungarians died in the past 24 hours due to complications caused by the new coronavirus infection, bringing the number of deaths to 4,516. The majority of the deceased were elderly, chronic patients. The new coronavirus infection (COVID-19) was detected in another 6,268 Hungarian citizens, thus increasing the number of infected people identified in Hungary […]

Qatar Airways: Additional Flights and Aircraft Upgrades

D&T
Nov 27, 2020

The airline says its fleet of modern, fuel-efficient aircraft has enabled it to continue flying throughout the pandemic and lead the industry in offering global connectivity with more than 700 weekly flights to over 100 destinations. According to a statement by Qatar Airways, the airline will increase services and upgrade aircraft to several destinations, including […]

Powering up Hungary for a Decade of Growth

D&T
Nov 27, 2020

Amid the social and economic pain brought by the global COVID-19 crisis, remembering past strengths and looking beyond the pandemic might be difficult. As they work to mitigate the impact of the pandemic, Hungary’s public and private leaders must set aside time to envision and implement measures that will build on the country’s solid fundamentals […]

Highest Daily Number of COVID-19 Fatalities in Hungary

D&T
Nov 27, 2020

135 Hungarians died in the past 24 hours due to complications caused by the new coronavirus infection - more than ever before in one day, according to official figures. The majority of the 135 deceased were elderly, chronic patients, bringing the official number of deaths to 4,364.The new coronavirus infection (COVID-19) was detected in another […]

OTP Banka Slovensko building in Bratislava

OTP Sells Slovakian Subsidiary to KBC

D&T
Nov 27, 2020

Hungary's largest commercial financial institution, OTP Bank has announced on the website of the Budapest Stock Exchange that the sale of its Slovakian subsidiary, OTP Banka Slovensko. has been financially completed. According to the announcement, the transaction, based on the share purchase agreement signed with KBC Bank NV on February 17, 2020, has been financially […]

Identifying Business Partners in Algeria

Sándor Laczkó
Nov 26, 2020

The Hungarian-Algerian Business Council was established in 2018, based on an agreement between the Hungarian Chamber of Commerce of Industry (MKIK) and the Algerian Chamber of Commerce and Industry. The objective of the Council is to increase the bilateral trade volume while developing economic relations between Hungary and Algeria and to provide business opportunities to […]

Investments Decreasing in Hungary

D&T
Nov 26, 2020

In the 3rd quarter of 2020, investments in Hungary decreased by 12% compared to the same period of the previous year and by 2.1% in comparison with the previous quarter. Based on raw data published by the Central Statistical Office, investments declined in most sections, however in relation with the pandemic situation in healthcare they […]

© Copyright 2020 Duax Kft. –  All rights reserved.
searchalign-justifytwitterfacebookfeedinstagrammoon-osun