Having been established in 1992, the Budapest office of the Japan External Trade Organization (JETRO), the principal organization for promoting trade and investment relations between Japan and foreign countries, celebrates its 30th anniversary this year. As to what he considers the greatest achievements of the Budapest presence of JETRO over these three decades, the General […]
From this Friday, refugees from Ukraine will be able to travel free of charge on public transport in the Budapest, and from Monday the municipality will set up an information center in the Nyugati Square underpass, the Mayor of Budapest announced at a press conference in Budapest on Thursday. Gergely Karácsony is quoted by the […]
The Hungarian government is temporarily relocating its embassy in Kiev to Lviv, Western Ukraine, due to the continuously deteriorating security situation, Minister of Foreign Affairs and Trade Péter Szijjártó announced on Thursday. According to a statement by the Ministry of Foreign Affairs and Trade, the Minister told a meeting of Hungarian ambassadors that within the […]
Becton Dickinson (BD), one of the world’s leading medical technology companies, has announced an investment, in Hungary, of USD 210 million that amounts to nearly one-fifth of its global development budget earmarked for the upcoming years. The project, which will create more than 300 new jobs, will result in three new production lines thanks to […]
Plaza Premium Lounge, an international company specializing in the operation of passenger lounges and hospitality, opened its second outlet at Budapest Ferenc Liszt International Airport at the beginning of March, the airport management company reports. The new, 200 square meter lounge is located in the non-Schengen area of Terminal 2, offers stunning runway views, 65 […]
The volume of gross domestic product increased by 7.1% in Hungary in the 4th quarter of 2021 compared to the corresponding period of the previous year, the country’s Central Statistical Office reports. According to seasonally and calendar adjusted and reconciled data, the performance of the economy rose by 2.0% compared to the previous quarter and […]
With 17,650 passenger cars registered, Magyar Suzuki Corporation (SMC) reached 14.48% market share on the domestic new passenger car market in 2021. The brand has been leading new passenger car sales in Hungary for six years. The Japanese brand, which sells hybrid passenger cars in the EU markets in line with the group’s green aspirations, […]
The Hungarian currency, the forint weakened to unprecedented levels, first to 375 forints and then to 379 forints against the euro this Tuesday. According to Lajos Török, senior analyst at Equilor, two pieces of news in particular could have played a role, Hungary's greater involvement in the conflict, supporting Ukraine's EU membership, and the contradictory […]
Last week, Access4you and Colliers, an international real estate consulting firm, signed a partnership agreement about adding the accessibility assessing company’s rating method to Colliers' building rating portfolio in addition to LEED, BREEAM, and WELL certifications, Colliers says in a statement. Access4you aims to make office buildings accessible and barrier-free to people with special needs, […]
Qatar Airways says it welcomes the recent decision of the High Court, which issued an injunction against Airbus. The essence of the order is that Airbus must not do anything between the date of the order and a further hearing in April that would adversely affect its ability to comply with any court order that […]
In the past 24 hours, 102 patients have died, bringing the total number of deaths from the new coronavirus infection in Hungary to over 44,000. In the last 24 hours, 2,037 new infections have been confirmed, bringing the total number of identified infected people to 1,789,581 since the start of the outbreak, according to the […]
From this Monday, the National Bank of Hungary (MNB) ordered two bank holidays at the Hungarian Sberbank at the request of the credit institution. During this period customers will be able to make bank card transactions and can receive incoming items on their accounts but will not be able to perform account transactions. The MNB […]
A Hungarian C-17 aircraft of the NATO Heavy Airlift Regiment stationed in Pápa, W Hungary carried weapons, destined for Ukraine, from the Netherlands to a not specified Eastern European country. In the meantime, the Hungarian government said Hungary does not offer arms to Ukraine and does not allow arms transfers through its territory, but is […]
Japan is the second most important investor country in Hungary from the Far East. The CEO of the Hungarian Investment Promotion Agency (HIPA), Róbert Ésik explains to Diplomacy&Trade how the organization is working to attract more Japanese investors and to accommodate those already established here helping the Hungarian economy. “One of the first large foreign […]
One of the most popular and spectacular winter events, the Busó festival is under way in Mohács, S Hungary near the Serbian border. Going back to medieval roots, the march of people in frightening costumes is supposed to scare away winter. In the end-of-winter festival (that Hungarians refer to as 'Busójárás', that is, the 'march […]
