First Seoul-Budapest Cargo Flight Launched

Feb 21, 2020

Budapest Airport welcomed the first direct Seoul-Budapest cargo flight this Thursday; Korean Air’s Boeing 777F type cargo aircraft taxied to the apron of BUD’s logistics base at 10:40. A press release by the airport management company says this aerial connection is not only an excellent opportunity for the large Korean companies operating in Hungary, but […]

Building on Firm Foundations

Edith Balázs
Feb 21, 2020

With Japanese companies among the pioneers that established a presence in Hungary after 1989 and overall Japanese investments exceeding EUR two billion, Japan ranks as the most significant source of capital inflows from Asia. Hungary and Japan, which marked the 150th anniversary of diplomatic relations last year, are set to further strengthen their ties in […]

MOL Group: 2019 Results and 2020 Outlook

Feb 21, 2020

The Hungarian oil and gas giant MOL Group has announced its financial results for 2019 this Thursday. The report says that despite the much challenging and volatile external environment at the end of the year, MOL Group generated USD 598 million Clean CCS (current cost of supply) EBITDA (earnings before interest taxes depreciation and amortization) […]

The March of the Busó in Mohács

Feb 20, 2020

This Thursday saw the start of the traditional Busójárás (the March of the Busó), a pagan Hungarian heritage. It is the symbolic ‘burying’ of winter and the welcoming of spring with folk music and dance in the south-central Hungarian town of Mohács near the Serbian border. Going back to medieval roots, the march of people […]

Targeting the Japanese Market

Sándor Laczkó
Feb 18, 2020

The Hungarian Export Promotion Agency (HEPA) opened a regional partner office in Tokyo in May last year, assisting Hungarian firms to enter the Japanese market and establish a firm presence there. “Last year was very important in Hungarian-Japanese relations as we celebrated the 150th anniversary of the two countries establishing diplomatic relations. We thought it […]

Hungarians Released from Quarantine

Feb 17, 2020

Hungarians held in quarantine at the South Pest Central Hospital for two weeks were not showing any symptoms, and the infection with the Covid-19 coronavirus has not been confirmed, so they were able to go home. The announcement was made by the Hungarian State Secretary for Health, Ildikó Horváth in a television interview this Monday. […]

National Bank Joins Responsible Banking Initiative

Feb 14, 2020

In line with its Financial Stability Council’s decision, the National Bank of Hungary (Magyar Nemzeti Bank, MNB), as a supporting party, will endorse the UN’s Environmental Program Finance Initiative’s Principles for Responsible Banking (Principles). By endorsing the Principles, MNB seeks to encourage as many banks in Hungary as possible to become signatories of the Principles, […]

Work in Linamar's Békéscsaba factory

Linamar Starts up with Electro-mobility in Békéscsaba

Feb 13, 2020

Canadian automotive company Linamar establishes its European electro-mobility center in southeast Hungary. The partially-independently developed electric powertrains of the firm will be manufactured in Békéscsaba for premium category cars. The two units (located in Orosháza and Békéscsaba), involved in the EUR 78 million investment program, will create 250 long-term, competitive jobs in the coming years. […]

Green Court Office Reaches 65% Occupancy

Feb 12, 2020

Codic Hungary closed a very successful year in 2019 by securing an anchor tenant who will lease 11,300 m² in the Green Court Office building, due for completion in Budapest in early 2022. With this transaction, Codic Hungary’s latest development will reach 65% occupancy of its office spaces only seven months into construction. The tenant, […]

Fulbright Scholarship Program to Expand

Feb 11, 2020

The funding for the Hungarian-American Fulbright scholarship program will be increasing from the current HUF 250 million (EUR 740,000) to HUF 400 million (EUR 1.2 million) by 2022. The increase is due to the fact that the Hungarian government will increase its contribution to the same level as that of the United States: from HUF […]

Hungarian Peacekeepers Leave for Kosovo

Feb 11, 2020

A send-off ceremony was held this Monday at Kossuth Square in Debrecen, eastern Hungary, for the 22nd contingent of the Hungarian Defense Forces' KFOR (Kosovo Force) Corps before they leave for the Balkan country. From March, the Hungarian soldiers will serve for six months as part of the international peacekeeping force under NATO command, with […]

Tourism Figures on the Rise

Feb 10, 2020

The number of nights spent by international tourists in Hungary increased by 13% and that of nights spent by domestic tourists decreased by 3.4% in December 2019 compared to the same period of the previous year in commercial accommodation establishments (hotels, boarding houses, camping sites, bungalows and community hostels). Latest figures by the Hungary's Central […]

Heineken Poster Exhibition

Feb 7, 2020

Any change cycle difficult? Recycling is not! “We have already done something for the planet by recycling and choosing our recyclable packaging” – this is what the extraordinary exhibition of HEINEKEN Hungária points out. The brewer's installation is free to see in front of the Budapest Aquarium Club until February 26. The purpose of the […]

iiPay to Open EMEA Hub in budapest

Feb 6, 2020

Integrated International Payroll (iiPay), the cloud-based market leader of global payroll and technological services, has chosen Budapest for the location of its center serving the EMEA region (Europe, Middle East and Africa). Initially, the office of 60 associates will provide operative tasks in English, German, Polish, Spanish and Italian languages, but short-term plans feature expansion […]

Mercure Budapest Korona Hotel

Mercure Budapest Korona, Hotel of the Year in Hungary

Feb 5, 2020

The Association of Hungarian Travel Agencies (MUISZ) has chosen the Mercure Budapest Korona as Hotel of the Year, the Hungarian news agency MTI reports. The 30-year-old hotel is being completely renovated, with the two-year process to be completed in April this year, the company said. The Mercure Budapest Korona is owned by Orbis, Poland's leading […]

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