Austria is Hungary's second most important trading partner in terms of trade volume and the third largest investor in Hungary. As the Austrian Ambassador to Hungary, Alexander Grubmayr highlights to Diplomacy&Trade, bilateral political relations mainly focus on European and cross-border cooperation. He also talks about neutrality as a fundamental element in Austria's foreign policy ever […]
Hungary’s interest rates are the highest in the European Union. Even though market sentiment is improving, as evidenced by the rapid appreciation of the Hungarian currency, the central bank is expected to keep rates unchanged for a long time to ensure that fundamentals are solid enough for monetary easing to commence. The National Bank of […]
KOSTAL Group, a German family-owned company, opened its new sustainable flagship office in the Hungarian capital, bringing a new way of working into the KOSTAL Family, the Hungarian Investment Promotion Agency (HIPA) reports. The company's EUR three million training program was supported by the Hungarian state with EUR 1.56 million through HIPA. The new business […]
18% of Hungarian motorists would like to buy an electric or hybrid vehicle within one or two years, compared to 16% last year, according to a representative survey conducted by Generali Insurance in January, the results of which were published by the company this Thursday. According to the statement, those who do not intend to […]
The 45th Travel Exhibition and 31st Budapest Boat Show opened at the Hungexpo Budapest Exhibition and Congress Center this Thursday. At the opening ceremony, the President of the Hungarian Tourism Association Foundation, Péter Princzinger stressed that although the world is facing new challenges, tourism is an industry of peace even in the midst of difficulties. […]
As result of the negative economic effects also in connection with construction industry and shrinking markets the building insulation materials firm Masterplast's sales decreased by 17% in Q4 compared to the base period, the company has reported on the website of the Budapest Stock Exchange. Despite that, during base quarter, Masterplast with strategic inventory had […]
Qatar Airways, the World’s Best Airline is now the Global Partner and Official Airline of Formula One (F1), the pinnacle of motorsport and the world’s most technologically-advanced racing series. Qatar Airways and F1 will be partners through the 2027 season, bringing thrills and exciting speeds to fans globally, the airline has announced. In addition to […]
According to preliminary data, 7,398 children were born and 11,342 people died in Hungary in January 2023, the country’s Central Statistical Office reports. In the last twelve months, i.e. between February 2022 and January 2023, the number of births diminished by 3.4%, that of deaths by 14% and the number of marriages by 12% compared […]
Founded in 2008, ODD Consulting Ltd. has expanded its team on the third floor of the "A" category CityZen office building in Budapest, which has an excellent BREEAM rating, so the building on Váci Road has reached 100% occupancy, according to a statement by ConvergenCE investors, the owner of the office building. ODD Consulting has […]
The Hungarian real estate market plunged to a new low in January 2023, after stagnating in November and December. The 5,853 sales estimated by Duna House nationwide represented the weakest start to the year in 10 years: the last time there were fewer transactions in January was back in 2013, the property agency Duna House […]
Seven, mostly elderly, chronic patients died last week as a result of the new coronavirus (down from 31 in the previous week), bringing the official total number of deaths in this country to 48,745, the government's Coronavirus Press Center said on Wednesday. 867 new infections were confirmed in the past week (about a third more […]
In 2022, with a rental revenue of EUR 15.54 million, the Budapest industrial park Graphisoft Park achieved a pro forma net result of EUR 6.02 million, which is more than EUR 400,000 higher than the forecast published last November and 24% higher than our previous year's result. According to the company’s quarterly report published on […]
There is a new high temperature record measured on February 21 in Hungary, the country’s National Meteorological Service said on its social networking site this Tuesday. The new record for this day, 20.6 degrees Celsius recorded in Bata, Tolna County, in the south of the country was 0.7 degrees Celsius above the 19.9 degrees Celsius […]
The 35th International Olympiad in Informatics (IOI) will be held in the southeastern Hungarian city of Szeged from August 28 with the participation of about a hundred countries. This is the second time after 1996 that Hungary hosts the prestigious scientific competition. According to an announcement Deputy State Secretary for Technology in the Ministry of […]
In 2023, Hungarian society is facing an uncertain economic environment with financial difficulties, so the population is typically saving, saving and many are changing jobs in the hope of better earnings. Hungarians are divided on the economic outlook for this year, according to a representative survey by the insurance company Generali Biztosító. 51% of respondents […]
