The 176th Balaton boating season started this Saturday, with Balaton Shipping Ltd. (Bahart) expecting its passengers with, among other things, a new timetable and an online ticket purchase option to be introduced from May, the company said at its season opening press conference. The company’s CEO, Gábor Veigl, is quoted by the state news agency […]
Busch-Hungária Ltd. produced about 43,000 tons of heavy vehicle parts last year, which increased the production volume of the iron foundry by 20%. The company based in Győr, NW Hungary, is part of the BPW Group. In a statement to the the state news agency MTI, the Managing Director of Busch-Hungária, Dávid Hegymegi, said that […]
The world-renowned Hungarian company Törley Sparkling Wine Cellar Ltd. celebrates its 140th anniversary this year. Its Managing Director, Gábor Csekei tells Diplomacy&Trade about how they cherish the traditions established by the founder, József Törley at the end of the 19th century. “The spirit of József Törley is still part of the company and its culture. […]
Metalconstruct Aluminium Structures Factory Plc., based in Kecskemét, Hungary, will build a new plant hall and expand its aluminum foundry with new equipment with an investment of about HUF 450 million at its Sirok site in NE Hungary, the company's CEO told the state news agency MTI. CEO Ernő Kis highlighted that the European Union […]
The amount of cash in circulation in Hungary has hit a record in recent months. The explanation is likely to be the uncertainty caused by the war in Ukraine, but the central bank says there is no reason for Hungary to worry. Never before has so much cash been in the hands of Hungarians as […]
A hefty spending spree by the government ahead of April’s elections has left a significant hole in Hungary’s budget at a time when the war in Ukraine is putting further pressure on the country’s financials. With the budget deficit reaching nearly 75% of the annual target by the end of March, the new government will […]
KNAPP Hungary Ltd., a company manufacturing equipment for warehouse automation, has established a production plant with a EUR 16.7 million investment in Nemesvámos, north of Lake Balaton. The inauguration ceremony took place at the site where 250 new jobs will be created by the end of 2022. Having a tradition of seventy years, Austrian KNAPP […]
Avian influenza has been detected at a farm in southern Hungary, food safety authority NÉBIH said on its website. The virus was detected at a goose farm in Bács-Kiskun County. The 3,500 birds have been culled, the state news agency MTI reports. The laboratory of the National Food Chain Safety Office ( NÉBIH ) has […]
Tungsram, an internationally renowned multinational company headquartered in Budapest, offers lighting and intelligent lighting-based services, smart solutions for buildings and cities, as well as tailor-made ‘greentech’ solutions. The company looks back at a history of over 125 years. Its President & CEO Joerg Bauer tells Diplomacy&Trade about how Tungsram reacts to market changes and opens […]
Hungarian films bagged several accolades at the Porto and ECU film festivals last week, Hungary’s National Film Institute (NFI) reports. Máté Bence Fazekas won the award for Best Screenplay at the Porto International Film Festival for his work on the film 'Eviction'. Inspired by a true story, the comedy drama depicts the struggle between a […]
The volume of construction output in February 2022 surpassed the previous year’s level by 42.3% in Hungary according to raw data published by the Central Statistical Office this Wednesday. Among the two main groups, output was 56.2% higher in the construction of buildings and rose by 20.0% in civil engineering compared to the February 2021 […]
2,740 new infections have been confirmed in the past 24 hours in Hungary, bringing the total number of identified infections since the beginning of the epidemic to 1,876,946, according to the government portal koronavirus.gov.hu. The deaths of 26 patients, most of them elderly and chronic, bring the official total number of fatalities related to the […]
The much-loved institution of Budapest’s history, the former ‘Belvárosi Kávéház’ (‘Downton Café’), returns to Budapest’s social life after being asleep for decades as Matild Café & Cabaret on May 19 this year. After a long-detailed renovation period, the 300-seater venue will await guests in Matild Palace as the reimagination of the café originally opened in […]
The gloomy winter is over, spring is here and this is visible in the passenger numbers of Budapest’s Ferenc Liszt International Airport as well: it handled 176,000 more passengers in March compared to February, according to a statement by the management company Budapest Airport. With the arrival of the good weather, the propensity to travel […]
A declared aim by the Hungarian Export Promotion Agency (HEPA) is to be a reliable and active partner for Hungarian SMEs in the field of export development, contributing to domestic export success. The CEO of the organization, Dr. Kristóf Szabó explains to Diplomacy&Trade how they wish to achieve this goal and make selected firms ‘export-ready’. […]
