Hungarian-owned 77 Elektronika Ltd. a company exporting self-developed medical diagnostic devices to more than 100 countries, increased its foreign market turnover by HUF 24.5 billion last year, the company told the Hungarian news agency MTI. According to public company data, the firm's net sales revenue was HUF 31.2 billion in 2019 after HUF 30.7 billion […]
The National Bank of Hungary (MNB) extended its Green Preferential Capital Requirement Program that does not only recognize discounts for interest rates but also for fees in the future, which provides incentives to introduce additional mortgage loans for energy efficiency purposes. The program is extended by one year, until the end of 2024. An MNB […]
Economists and policy makers are still struggling to assess the scope of the global economic fallout that the coronavirus epidemic is leaving in its wake. Some analysts argue that central and eastern Europe, and consequently Hungary, could emerge from the economic malaise stronger than before. The jury is still out as to the shape and […]
Defending champion and six-time world champion Lewis Hamilton, a British driver of the Mercedes team, won the 35th Formula One Hungarian Grand Prix – held without spectators – this Sunday at the Hungaroring, where he triumphed for the 8th time in his career. This is the 35-year-old driver’s second win this year and his 86th […]
In the WittyLeaks series, Diplomac&Trade regularly publishes the personal accounts of ambassadors and other diplomatic mission leaders accredited to Budapest. This time, the Malaysian Ambassador shares his thoughts of living through periods of epidemic. The rapid and sudden global spread of the novel coronavirus, the cause of the COVID-19 disease, has been disruptive and played […]
The number of identified coronavirus infections in Hungary increased by eighteen to 4,333, there are no new deaths, according to the government website koronavirus.gov.hu. The number of deaths from the infection remained unchanged at 596, and 3,223 people had already recovered. The number of active infections is 514. 82 coronavirus patients are treated in hospital, […]
Lewis Hamilton won his 90th time trial, improving the Hungaroring's lap record by more than a second, he can start the 35th Hungarian Grand Prix from pole position this Sunday. At the Hungaroring, one of the slowest tracks on the Formula One race calendar, most experts expected Red Bull to advance, but instead, Mercedes' dominance […]
Activists have placed a fish-shaped installation of Greenpeace Hungary on the Great Beach of Siófok to encourage the recycling of plastic waste. The 'Big Fish' is an empty statue made of metal mesh into which anyone can throw empty plastic bottles and glasses, thus breaking up the fish with recyclable plastic waste. Through the action, […]
The precast reinforced concrete firm PreBeton Co. Ltd. has carried out capacity expansion of with a non-refundable grant of HUF 2.6 billion from the Hungarian Ministry of Finance. PreBeton Co. Ltd. whose new plant in Erdőtelek, east of Budapest has just been inaugurated, is engaged in the production, assembly and machining of precast reinforced concrete […]
The Hungarian state and Airbus Helicopters are establishing the joint venture 'Airbus Helicopters Hungary Ltd.' The deal was announced in Budapest this Friday. The Hungarian state has a 30% ownership stake in the newly established joint venture in Gyula, SE Hungary. From 2022, the factory will produce helicopter parts exclusively for Airbus. "The investment in […]
Vodafone Group’s international fundraiser, launched in April, to help the work of charities affected by the pandemic ended at the end of June with the employees raising a total of EUR 1.3 million. The employees of Vodafone Hungary and the VOIS Vodafone Service Center also participated in the collection and donated their support to the […]
Budapest has been named as the most affordable city to run a business in the world, according a study by utilitybidder.co.uk. There are a lot of expenses to consider when people are starting up their own business, whether it’s paying staff, finding the perfect office space, or even just keeping the lights on. "But how […]
All public events lined up for the August 20 national holiday have been cancelled in light of coronavirus protection measures, the Minister heading the Prime Minister's Office, Gergely Gulyás announced this Thursday. The events would have included an air show and the traditional fireworks in the evening. As the minister said at his regular weekly […]
Qatar Airways has issued a statement on the judgment of the International Court of Justice to which it had turned concerning the blockade of Qatar. The airline has also announced to resume flights to the Maldives. Qatar Airways welcomes the Judgment of the International Court of Justice affirming that the ICAO Council has the jurisdiction […]
The second quarter production report by the Hungarian geothermal energy firm PannErgy says the company pays special attention to climate change issues with its renewable energy projects. Hungary has set the objective of reducing its greenhouse gas emissions by at least 40% below 1990 levels by 2030, while the rate of renewable energy in gross […]
