Ceva Phylaxia, one of the world's leading animal vaccine producing companies, will set up a new vaccine factory along with the associated infrastructure by developing a new site under a greenfield investment in Hungary. With the technology-intensive investment of more than EUR 26 million in Monor, the 44-hectare site will store frozen and semi-finished vaccines […]
This year, the Italian Gastronomy Week in Hungary will take place for the sixth time from November 22 to 28, 2021. Launched by the Italian Ministry of Foreign Affairs and International Cooperation as part of a comprehensive country promotion program called 'Italian Lifestyle' and implemented by the Italian diplomatic-consular network, cultural institutions and foreign trade […]
This September, the municipality of the southern Hungarian city of Pécs lifted the ban on tango dancing introduced in 1922. On this occasion, a ‘Tango Feast’ was held and I had the pleasure to visit the city. Among other activities, I had the opportunity to talk about my country and my people at the University […]
Groundbreaking ceremony has been held at the future Chervon Auto factory in Miskolc, NE Hungary. With Bilfinger Tebodin on board, the Chinese automotive components producer received the building permit and starts the construction of their new factory. The EUR 50 million euro investment is a greenfield facility of 27,000 square meters. Once operational, it will […]
Despite the National Bank of Hungary (MNB) raising the policy rate by a total of 70 basis points in two steps last week, the Hungarian forint (HUF) fell to a new historic low against the common European currency (EUR) on Monday morning. In one day, the euro exchange rate broke through the psychological barrier of […]
One of the international exhibitors at the World of Hunting and Nature Exhibition held in Budapest recently was the Saudi Falcons Club. Its CEO, Hussam Bin Abdulmohsen Al-Huzaimi talked to Diplomacy&Trade about the strong historical bond between humans and falcons, how falconry can be used as a tool of biodiversity, among other issues. The Saudi […]
In the past three days, a total of 27,209 new cases of the virus have been found in Hungary and 392 patients have died, according to the official government website (koronavirus.gov.hu). The number of active infected people has risen to 144,533. The last time the number of active cases was this high was in mid-May. […]
Lienz, a small town of 12,000 inhabitants, is the capital of East Tyrol – a 750-year-old, yet modern place, bustling with life, with a Mediterranean atmosphere and famous for its historic center. The town gives home to the first and only 5-star luxury wellness hotel in East Tyrol, the Grandhotel Lienz. Situated at an altitude […]
October has proven to be the most successful month of 2021 at Ferenc Liszt International Airport. Surpassing the previous record month of August, a total of 712,910 passengers passed through the airport in that month, which is an increase of almost 1,035% compared to the same period last year and the highest passenger level since […]
The ice skating season has started at Hungary's most popular and atmospheric winter sports venue, the ice rink in the City Park in Budapest. The operator of the facility, the Budapest Sports Service Center (BSK), has told the Hungarian state news agency MTI that it welcomes visitors with well-trained staff and a high-quality equipment fleet, […]
“Sustainability is not just a legitimate expectation of our customers and increasingly also a legal requirement, but a clear goal for our operations as well.” That is how the Country Chair of Shell Hungary, Andrea Istenes Solti explains her company’s commitment to a more sustainable future of Planet Earth. “Shell is one of the largest […]
Experts expect robotics, automation and chemical-free, environmentally friendly cleaning technologies to take off in this area of business. The National Association of Facilities Management and Building Services Providers (LEO) is positive about the year ahead, despite the challenges, and expects the market to continue to grow. The rise of the home office has brought fundamental […]
Hungary and the Hungarian government are committed to achieving carbon neutrality. According to the National Energy and Climate Plan, the main areas of emphasis for doing that involve the development of renewable and nuclear capacities, as well as energy efficiency improvements. In terms of renewable energy development, Hungary's sole focus is on solar energy. According […]
Faced with surging inflation and a weakening currency, Hungary’s monetary policy maker took decisive steps this week. The central bank raised the one-week deposit rate by 70 basis points after hiking the benchmark interest rate hike 2 two days earlier. The Hungarian National Bank (MNB) raised the benchmark interest rate by 30 basis points to […]
Following a strategic investment SEG Automotive's new factory was opened in Szirmabesenyő. The 25,000-square-metre production hall together with the adjacent logistics hall totals 50,000 square meters. In addition to the relocated production lines, two new ones have also been purchased for almost EUR 6.2 million. Close to 30% of the investment cost is covered by […]
