A strategic cooperation agreement has been concluded by the Hungarian government and Autoliv Kft., the Hungarian subsidiary of the largest passive safety product manufacturing group in the world, the Hungarian Investment Promotion Agency reports. Autoliv, a business that was founded in Stockholm, Sweden nearly seventy years ago, develops, produces and distributes airbags, safety belts, steering […]
The retail sales at the technical goods chain Euronics in Hungary increased by more than 11% to HUF 71 billion last year compared to the previous year, the highest annual turnover in the history of the chain, the company told the state news agency MTI on Thursday. According to the Hungarian-owned company, sales through the […]
Gross system load and annual gross electricity consumption peaked last year, and solar power generation also exceeded previous records, according to a summary published on the website of Mavir Hungarian Independent Transmission Operator Company Ltd. on Wednesday. According to the data, the record for electricity consumption in Hungary was broken on December 9 last year, […]
14,890 new infections have been confirmed, bringing the total number of identified infections to 1,369,974 since the beginning of the epidemic, the government information portal said. Since the beginning of the epidemic, there have never been so many new infections in one day in Hungary, only Monday's data releases included more new cases than this, […]
in 2022, the French Institute (‘Institut français’) in Budapest will celebrate its 75th anniversary. As in the past, its current activities are also aimed at presenting French culture, the French language and European values. Diplomacy&Trade presented the institute in the December 2021 French Focus. When asked what he would consider as the Institute's greatest success […]
Budapest Airport closed its second year of operation under the heavy impact of the coronavirus. In the current environment impacted by the pandemic, passenger traffic still only reached one-third of its pre-pandemic level on an annual basis, while over half of its pre-pandemic level if we consider the past several months, the company's latest press […]
In line with its strategic plans, AutoWallis sales set new records in all areas in 2021. The Group is present in 14 countries in the region and tripled its figures from the previous year, selling more than 25,000 vehicles last year. Within this figure, the sales of the Retail & Services Business Unit more than […]
Hotel operator Accent Hotels expects that in 2022, average annual occupancy in some of its hotels will reach – and revenue will far exceed – the record year of 2019, while significantly rising operating costs will eat into the expected additional revenue of the hotels. One of Hungary's largest hotel operators told the state news […]
We must not give in to the temptation to forget, as "common remembrance is the future of all of us," András Heisler, the President of the Federation of Jewish Communities in Hungary (Mazsihisz), said at a commemoration ceremony on Monday to mark the 77th anniversary of the liberation of the Budapest ghetto and the disappearance […]
The Air France Group has recently announced that it commits to setting science-based greenhouse gas emission reduction targets with the Science-Based Targets Initiative (SBTi). The use of sustainable fuel and fleet modernization are two of the elements used to achieve the targets. The Air France-KLM Group has signed a letter of commitment with the independent […]
In the past three days, 21,219 new infections and 270 deaths have been confirmed in Hungary, according to the government website koronavirus.gov.hu. This means that the total number of identified infections since the beginning of the outbreak in this country is 1,348,233, while the 270 fatalities, most of them elderly, chronic patients, bring the total […]
The atmospheric pressure change caused by the submarine volcanic eruption near Tonga was also felt in Hungary, the National Meteorological Service said this Sunday. It was in the late afternoon local time (early morning Hungarian time) on Saturday that a volcanic eruption occurred in the area of the Tonga Islands in the western Pacific Ocean, […]
The stock index of the Budapest Stock Exchange (BSE) rose on rising turnover this week, closing at 52,675.9 points on Friday, 719.16 points or 1.38% higher than a week ago. Turnover on the stock market was HUF 77.70 billion, up from 52.44 billion last week, with the leading shares, with the exception of Richter, gaining. […]
It was announced this late November that Ceva Phylaxia will set up a new vaccine factory along with the associated infrastructure by developing a new site under a greenfield investment in Hungary. As the General Manager of the company, Dr. Zsolt Németh tells Diplomacy&Trade, Ceva Phylaxia is growing and planning to grow. “Investments related to […]
The FAIRway Danube project, which was implemented by six Danube countries with a EUR 19 million grant from the European Network Facility (CEF), has been concluded. Hungary’s National Waterways Directorate (OVF) explained in a press release sent to the state news agency MTI that the project, which ran from 2015 to 2021, aimed to harmonize […]
