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Articles by Date

June 2021

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Hosszú and Szoboszlai, Most Valuable Hungarian Athletes

D&T
Jun 30, 2021

Three-time Olympic champion swimmer Katinka Hosszú and 20-year-old footballer Dominik Szoboszlai, who plays for the RB Leipzig in the German Bundesliga, are tied for the most valuable Hungarian sportsperson of the year in Forbes magazine's list. Hosszú has long been a top sportsperson while Szoboszlai's good play and a winning goal against Iceland helped the […]

11.3% Annual Industrial Producer Price Rise in Hungary

D&T
Jun 30, 2021

Industrial producer prices were 11.3% higher on average in May 2021 than a year earlier. The rate of increase of prices was influenced by the change of the forint exchange rate against the euro and by the price rise of raw and base materials, the Hungarian Central statistical Office reports. Domestic output prices were up […]

For Green and Value-Added Cooperation

Sándor Laczkó
Jun 30, 2021

The Netherlands and Hungary have recently celebrated the centenary of diplomatic relations The Netherlands Ambassador in Budapest, René van Hell highlights to Diplomacy&Trade some of the milestones and also reflects on bilateral relations today. Among other things, he mentions the Dutch environmental awareness conveyed to Hungary, agriculture with high added value in the two countries […]

New TK Elevator SSC in Budapest

D&T
Jun 29, 2021

The urban mobility company TK Elevator will establish a shared service center in Budapest. Named Solution Center Europe (SCE), it will provide selected Finance and HR processes for the group's European and African operations. The company envisions scaling up to 70 employees within the first 12 months, with a prospective possible size of up to […]

Matild Palace Opens as Luxury Hotel

D&T
Jun 29, 2021

The Luxury Collection Hotels & Resorts, part of Marriott International, has announced the opening of Matild Palace, a Luxury Collection Hotel, Budapest. Owned by Özyer Group, this iconic opening marks Luxury Collection Hotels brand debut in Hungary. Listed as a UNESCO World Heritage Site, Matild Palace has undergone a meticulous five-year transformation led by award-winning […]

Fixed Line Phone Still Used by Many Hungarians

D&T
Jun 29, 2021

The National Media and Infocommunications Authority (NMHH) surveyed Hungarians aged 14 and over to find out who still has a fixed line phone, and the results of the representative survey show that half of the population still uses it. Almost 90% of those surveyed have a landline phone only because of a package they can […]

Wolt Market Launches in Hungary This Fall

D&T
Jun 29, 2021

Wolt's own "delivery-only-stores", i.e. the stores with only home delivery, Wolt Market, will be launched in Hungary in the fall of this year, It is planned to open first in Budapest and then in several provincial in several towns and cities, which will operate as separate stores alongside other retail partners. In addition to food […]

HR Fest Lupa: Heated Debate in the Hot Sand

D&T
Jun 28, 2021

After a break of nearly a year, Hungarian HR professionals had the opportunity to meet each other in person at an unconventional professional festival. The HR Fest Lupa was held on the shores of Lake Lupa, also known as the “Beach of Budapest”, in a white sandy beach environment, among parasols and cooling cocktails. At […]

Vitesco Greenfield Investment in Debrecen

D&T
Jun 28, 2021

Vitesco Technologies, which was formed by the transformation of the Powertrain division of Continental, established a 7,000 sqm automotive-electronics manufacturing plant in Debrecen, E Hungary with a greenfield investment. With the implementation of the project of more than EUR 116.6 million creating 450 new jobs and applying Industry 4.0 solutions, a new and unique production […]

Bosch Group Expanding in Miskolc

D&T
Jun 27, 2021

The world's largest Bosch power tool plant, located in Miskolc, NE Hungary, and at the same time the company's European battery manufacturing competence center, is expanding with a new production hall. In the 20,000 sqm hall now inaugurated this week, wireless power tools and associated batteries for DIY and gardening enthusiasts are manufactured, and this […]

Slight Weekly Increase at the Budapest Stock Exchange

D&T
Jun 27, 2021

The stock index of the Budapest Stock Exchange (BSE) rose on a downward trend this week, closing at 48,461.47 points on Friday, 343.75 points, 0.71% higher than the previous week's close, the state news agency MTI reported this Sunday. Turnover on the stock market was HUF 45.75 billion, compared to HUF 67.14 billion last week. […]

I Bike Budapest 2021

D&T
Jun 26, 2021

Around 15,000 people took part in Saturday's I Bike Budapest cycling parade, which was held again after a year and a half of forced suspension, the organizing Hungarian Cycling Club told the state news agency MTI. the number of participants is based on estimates by the Club and police. The Hungarian Cyclists' Club is sending […]

Central Europe in Focus at Kőszeg Summer University

D&T
Jun 26, 2021

The event entitled The Global 'Entangoment' of Central Europe is organized by the Institute of Advanced Studies Kőszeg (iASK) and the Institute for Social and European Studies (ISES), in cooperation with the University of Pannonia, the UNESCO Chair in Cultural Heritage and Sustainability in Kőszeg under the patronage of the Hungarian National Commission for UNESCO. […]

Outdoor Exhibition on the Former Ballet Institute

D&T
Jun 25, 2021

The Hungarian Dance Academy have joined forces with DVM group, the company responsible for the reconstruction of Dreschler Palace, to evoke the atmosphere of the former Ballet Institute and to pay homage to a building whose name is still eponymous with ballet within the framework of a unique cultural project. The open-air installation entitled ‘The […]

HUF 300 Million Development at Budapest Airport

D&T
Jun 25, 2021

A large-scale series of developments spanning several years and including the maintenance of the airport taxiway system is under way. This year, as part of the work phase lasting until the fall, taxiways P1-P3, L, R and Q will be refurbished, thus facilitating the safe, efficient and long term handling of the increasing traffic. As […]

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