MTI/MTVA photojournalist Zoltán Balogh won the MÚOSZ (National Association of Hungarian Journalists) Grand Prize at the 39th Hungarian Press Photo Contest for his work entitled The Covid-19 Year in Hungary, while the André Kertész Grand Prize was awarded to Bea Kovács for her series Butterfly Girl. The two Grand Prize winners were announced at the […]
Housing prices in Hungary have nearly doubled in the past ten years; the extent of price increases was higher only in two other European Union member states in this period. Despite the jump in prices, interest in home purchases remains strong. Average residential real estate prices in Hungary increased by nearly 100% in the last […]
Magyar Suzuki Corporation, the only European manufacturing unit of the Japanese parent company to date, is celebrating its 30th anniversary of founding this year. From the very beginning, the company has been engaged in full-scale manufacturing activities in Hungary. As the Hungarian Investment Promotion Agency reports, since the company's foundation three decades ago, about 3.6 […]
Thanks to increasing vaccination coverage worldwide and the gradual easing of travel restrictions, more and more people choose to travel by air again. The current dynamic recovery is expected to continue in July and August as the summer season starts. In the first half of the year, Ferenc Liszt International Airport handled 603 585 passengers, […]
As one of Hungary's leading fleet management companies, LeasePlan Hungária's leasing activities cover the entire lifecycle of a car, from purchase, financing and operation to full service, taking the burden of car management off its customers. The company has recently organized a webinar with an overview of the automotive industry. The CEO of LeasePlan Hungária […]
In May 2021 the volume of industrial production exceeded by 39.1% the low base level of last year’s May, caused by coronavirus pandemic related restrictions. Based on working-day adjusted data production rose by 40.2%, the Hungarian Central Statistical Office (KSH) reports. All manufacturing subsections contributed to the significant increase. The growth in the manufacture of […]
Nearly five years after her death, part of the ashes of Hungarian-born American actress Zsazsa Gabor were laid to rest in the Artists' Plot of the Fiumei Road Cemetery in Budapest this Tuesday. Prince Frédéric von Anhalt, widow of Zsazsa Gabor, in cooperation with the National Heritage Institute and the Hungarian Hollywood Council, brought some […]
The vehicle importer Porsche Hungária is to establish an Innovation and Education Center with an investment of HUF 2 billion. The cornerstone laying ceremony took place next to the company's Budaörs component center outside the Hungarian capital. At the event, László Mosóczi, Minister of State for Transport Policy at the Ministry of Innovation and Technology […]
In line with its earlier plans, AutoWallis plans a public raising of capital, and it has already taken the necessary preparatory steps. The listed vehicle company plans to raise between HUF 4 and 6.5 billion in institutional and retail capital in the interest of financing the growth strategy it had announced earlier. A report on […]
The Dutch logistics operator group Raben, now operating in 13 countries, celebrates its 90th anniversary this year. The Hungarian subsidiary, Raben Trans European Hungary Ltd. was established 11 years ago. Its Head of Sales & Marketing, Zoltán Üveges tells Diplomacy&Trade about the Group’s diverse activities. As he explains, Raben Group offers comprehensive TSL (transport, shipping […]
Gáspár Csere, the athlete of the Budapest club BEAC won the half marathon on Sunday at the 36th Telekom Vivicittá running festival. Csere won the 21.1-kilometer race, the longest distance run at the traditional Budapest event, for the third time after 2011 and 2016. Julianna Nagy of Margitszigeti AC won the women's race. Although the […]
Consumer prices were 5.3% higher on average in June 2021 than a year earlier. Significant price rises were measured over the last 12 months for alcoholic beverages, tobacco and motor fuels. In one month, consumer prices increased on average by 0.6%. According to data published by the country's Central Statistical Office (KSH), in the past 12 months, […]
Even the turbulence of last year could not break the success streak of the Dutch truck manufacturing company DAF in Hungary, which closed the year as the leader in the heavy truck market for the 12th consecutive time, with an increased share. The management of DAF Hungary Ltd. expects a significant market strengthening this year, […]
SungEel Hitech Hungary Ltd. is to expand its presence in Hungary with another battery processing plant. After the plant in Szigetszentmiklós, which was handed over in 2019, an 8,700-square-meter recycling park opened in July this year in Bátonyterenye, Nógrád County, north of Budapest. With an investment of EUR 25.75 million, 30% of which is to […]
Hungary’s relations with the European Union took a turn for the worse after the government of Prime Minister Viktor Orbán passed a law that was heavily criticized for discriminating against LGBTQ people. EU lawmakers are urging the decision-making bodies in Brussels to punish Hungary by blocking funds from the EU stimulus package. Hungary came under […]
