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Samsung SDI Hungary Director Kim Woochan

Samsung SDI to Expand Battery Production Plant

D&T
Oct 16, 2019

The buildings of the second phase of the investment have been erected at the Samsung SDI site in Göd, north of Budapest. Thanks to the EUR 1.2 billion investment for the Hungarian pillar of the global production triangle of the global producer of batteries for electric vehicles (EV's), 1,200 new jobs will be created and […]

Hungarian President opens 2019 Budapest Water Summit

Budapest Water Summit 2019 Opens

D&T
Oct 15, 2019

The 2019 Budapest Water Summit (BWS) has opened in the Millenáris Park of the Hungarian capital. The focus of the three-day conference is the prevention of the global water crisis, including the problem of scarce water, plenty of water and polluted water. The goal of the Budapest Water Summit (BWS), held October 15-17, is to […]

Viktor Orbán and Turkish President Recep Tayyip Erdoğan

Orbán Held Bilateral Talks with Turkey's Erdogan in Baku

D&T
Oct 15, 2019

Hungarian Prime Minister Viktor Orbán met with Turkish President Recep Tayyip Erdogan in the Azeri capital of Baku where they both attended the meeting of the Turkic Council, Hungarian state news service MTI reports. Erdogan thanked Hungary for supporting Turkey on the international stage and for opening the first European office of the Turkic Council […]

Slight Increase in Industrial Production

D&T
Oct 14, 2019

The volume of industrial output grew by 0.3% year-on-year in August, Hungary’s Central Statistical Office reports. Based on working-day adjusted data, production rose by 2.7%. on a monthly basis, industrial output decreased by 1.2%, according to seasonally and working-day adjusted data. The volume of industrial exports increased by 2.0% year-on-year. Transport equipment exports, accounting for […]

Budapest mayor-elect Gergely Karácsony and representatives of Hungarian opposition parties

Hungarian Opposition Makes Headway in Municipal Elections

D&T
Oct 14, 2019

Scoring its biggest victory in a decade, Hungarian opposition parties conquered the capital Budapest in municipal elections held on Sunday as their candidate, 44-year-old Gergely Karácsony ousted incumbent István Tarlós, backed by the ruling Fidesz party. In addition to snatching the mayoral post from Fidesz, opposition forces - which supported a joint candidate in a […]

Municipal Elections in Hungary This Sunday

D&T
Oct 11, 2019

8 million 25,755 people are eligible to cast ballots for local government representatives and mayors in Hungary on Sunday, October 13. Such elections are held every five years. Chairman of the National Electoral Office, Ilona Pálffy told the Hungarian news agency MTI at a press conference this Friday about the main numbers characterizing the elections. […]

Hungary Moves Higher in Global Competitiveness Ranking

D&T
Oct 9, 2019

Hungary is the world’s 47th most competitive economy, according to the global competitiveness ranking of 141 countries published by the World Economic Forum (WEF). The country moved on spot higher from last year’s 48th place in the list, which continues to be topped by Singapore, followed the U.S. and Hong Kong, state news agency MTI […]

Hungary’s September Inflation Rate at Lowest Level Since January

D&T
Oct 8, 2019

Hungarian consumer prices were 2.8% higher in September than a year earlier and increased 0.1% from August, state news agency MTI says, citing data published by the Central Statistical Office. The headline inflation figure is the lowest since January 2019, mainly due to a 4.6% decline in fuel prices. Seasonally-adjusted core inflation, which strips out […]

Budapest Hotels Ranked Among the Best in Central Europe

D&T
Oct 8, 2019

Four hotels in Budapest made it to the list of the Readers’ Choice Awards published by Condé Nast Traveler. The ranking consists of the 20 best hotels in Central Europe, including Switzerland. The Aria Hotel Budapest by Library Hotel Collection ranks the highest among the Hungarian hotels in the 5th place, preceded by 4 Swiss […]

Industrial Production Growth Slows in August

D&T
Oct 7, 2019

Hungary’s industrial output growth slowed to 2.7% in August from a year earlier, according to data adjusted for calendar effects published by the Central Statistical Office. Under unadjusted data, the rate of expansion was 0.3%. The figure reflects the impact of the economic slowdown in the European Union, Hungary’s main trade partner. In July, the […]

Pieter van der Velden

The Brand That Hungarians Love More Than Facebook

D&T
Oct 4, 2019

The Netherland’s FrieslandCampina, one of the most prominent dairy companies in Hungary, is the producer of the nation’s favorite dairy dessert. The company manufactures a chocolate-covered sweet curd snack that has been a household name in Hungary since 1968. In addition to manufacturing operations, the company also operates a service center in the capital. Ask […]

Retail Sales Increase in August

D&T
Oct 4, 2019

The volume of sales in retail shops increased by 5.8% in August from a year earlier, according to data adjusted for calendar effects, Hungary's Central Statistical Office reports. Sales rose by 3.4% in specialized and non-specialized food shops, by 9.8% in non-food retail shops and by 4.3% in automotive fuel retailing. In January–August, the volume […]

UPC Brand to Disappear from Hungary

D&T
Oct 4, 2019

The UPC brand currently used by Vodafone Hungary will be phased out from the Hungarian market from April, hwsw.hu reports, citing Vodafone Chief Executive Officer Amanda Nelson. The move comes nearly one year after the British telecommunications giant acquired Liberty Global's cable business in the Czech Republic, Germany, Hungary and Romania. Liberty was present in […]

Instant money transfer service to start in Hungary

Instant Money Transfer to Start in Hungary

D&T
Oct 3, 2019

Using a service developed by Hungarians, Rakuten Viber and Mastercard have launched an instant money transfer service, called Moneytou, Hungarian state news service MTI said. Owners of credit cards issued by Hungarian banks will be the first in the world to use the service for immediate financial transactions. Viber users will be able to send […]

Geert Swaanenburg

Fizzing with Innovation

D&T
Oct 3, 2019

As health consciousness is gaining ground worldwide, brewers are hopping on the innovation wagon to keep up with shifting consumer demands. HEINEKEN Hungary is developing novel brewing techniques at its Sopron Brewery as focus shifts toward premium products and alcohol-free beers. Beer and Sopron share a history spanning several centuries. The western Hungarian city, which […]

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