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December 2020

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Glencore plant in Foktő

Vegetable Oil Plant to be Expanded in Foktő

D&T
Sep 7, 2020

The foundation stone has been laid for the newest production plant of Pannon Növényolajgyártó, a member of the Glencore Agriculture Group in Foktő, south-central Hungary. The crushing facility, which was opened in 2012 will now be enlarged with a unit for further refining through this investment of EUR 66.3 million. Products will leave the plant […]

Hungarian Coronavirus Cases May Be Manyfold

D&T
Sep 7, 2020

The actual number of patients can be approximately twenty times that of the identified infected in Hungary, claims the Rector of the Semmelweis Medical University of Budapest (SOTE). Rector Béla Merkely said on the commercial channel ATV that the epidemic cannot be combated with a single measure, many things must work together to curb it. […]

Terrestrial Digital Audio Broadcasting Ends in Hungary

D&T
Sep 7, 2020

At 0 o'clock on Sunday, the transmission company Antenna Hungária switched off the digital radio broadcasting implemented in Hungary with the so-called DAB+ technology. The reason for this is that the National Media and Infocommunications Authority (NMHH) did not extend the contract with the state broadcaster, therefore it expired on Saturday, September 5, 2020. NMHH […]

Sika Hungaqry General Manager András Berecz

Building Trust

D&T
Sep 6, 2020

As a sign of further development, Sika Hungária, the local subsidiary of Sika AG, the Swiss chemical company of building supplies, has moved to a larger site in Biatorbágy, just outside Budapest. As General Manager András Berecz tells Diplomacy&Trade, the company is constantly introducing new products and solutions to keep ahead of competition, increasing their […]

U.S. President George H. W. Bush with Hungarian Prime Minister József Antall in White House's garden in October 1990

Statue to Honor George H. W. Bush in Budapest

D&T
Sep 6, 2020

A statue will be erected in honor of George Herbert Walker Bush, the 41st president of the United States, in Szabadság ('Liberty') Square in Budapest on the occasion of the thirtieth anniversary of the fall of communist rule in Central and Eastern Europe. According to a joint announcement by the Hungarian government and the U.S. […]

Opera Stars at The Voices! Concert in Győr

D&T
Sep 6, 2020

Adriana Gonzalez, soprano of the Paris Opera and Stefan Pop sang an Italian tenor duet at The Voices! concert in Győr, NW Hungary on Saturday evening. The open-air event featured artists from the new generation of opera stars. Soprano Adriana Gonzalez, the first prize winner singer of Plácido Domingo’s Operalia Opera World Competition 2019 performed […]

Tímea Babos

Hungarian Tennis Player Excluded from US Open

D&T
Sep 5, 2020

Hungary's Tímea Babos – along with doubles partner French Kristina Mladenovic – has been excluded from the ongoing US Open tennis tournament with the organizers citing coronavirus regulations. According to a statement by the US Tennis Association, "public health officials of Nassau County, N.Y., have issued quarantine notices for all individuals who had prolonged close […]

Increasing Internet Use by the Elderly in Hungary

D&T
Sep 5, 2020

Half of Internet users no longer primarily receive information traditional media, but only from the World Wide Web, according to a recent survey by the National Media and Infocommunications Authority (NMHH). According to the results just published, almost 70% of seniors use the Internet as much as they watch TV, a market research analyst at […]

Record Increase in Coronavirus Cases in Hungary

D&T
Sep 5, 2020

The number of people diagnosed with coronavirus has increased by 510 in the last 24 hours in Hungary. There are 7,892 confirmed people infected with the coronavirus. In compulsory home quarantine: 16,438. Recovered: 3,952. Deceased: 624. The total number of active COVID-19 cases is 3,316. The results show that 43% of those infected, 59% of […]

Industrial Production Falls by 8,1%

D&T
Sep 4, 2020

In July 2020, the volume of industrial production in Hungary declined by 8.1% year-on-year. The degree of fall was 28.8% lesser than the nadir of April. Based on working-day adjusted data, production dropped by 7.7%. The effects of the altered economic processes, caused by the coronavirus epidemic, were still perceptible in this period, the Central […]

Hungarian-Romanian Motorway Border Crossing Point Opens

D&T
Sep 4, 2020

The second motorway border crossing between Hungary and Romania was handed over on Friday in the presence of the Hungarian and Romanian Foreign Ministers and the Romanian Minister of Transport. The Nagykereki-Bors II. motorway border crossing connects the Hungarian M4 motorway with the five-kilometer section of the Romanian A3 motorway. On the Hungarian side, a […]

Stadler: Better Than Expected Performance

D&T
Sep 4, 2020

This year, Stadler Trains Hungary Ltd. celebrates its 15th anniversary. The company’s Country Manager, Zoltán Dunai tells Diplomacy&Trade about the company’s successful one and a half decades in this country since contracting with MÁV Hungarian State Railways to supply FLIRT trains in 2005. “The past 15 years were very exciting for us, nobody would have […]

Korean Firm to Set Up First European Units in Hungary

D&T
Sep 3, 2020

Within the framework of its investment of EUR 32.1 million, the South Korea-based company Dongwha is building already two units in Sóskút, NW of Budapest: one for producing electrolyte and another to recycle the solvent NMP. Both activities are closely linked to the EV (electric vehicle) battery manufacturing value chain, creating an additional 90 jobs, […]

Forint Weakens to 5-Month Low

D&T
Sep 3, 2020

Hungary’s forint weakened to levels last seen in April as international currency market movements coupled with a record number in COVID-19 infections in Hungary put the forint under pressure. Could a weaker forint be here to stay in the longer run? The Hungarian forint fell to its weakest level since late April on Wednesday, moving […]

Nordic Light Trio Completed in Budapest

D&T
Sep 3, 2020

Skanska Hungary delivered the third and final part of the already successfully operating Nordic Light complex in the 13th district. The fully leased property was divested to a South Korean investment trust, JR AMC already one year before its completion. The largest tenant of the property is Roche Services (Europe) Ltd. Advanced solutions in sustainability, […]

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