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Solare Park at Környe, Hungary

New Solar Park in Hungary

D&T
Oct 30, 2019

Hungarian-owned Eurotrade has inaugurated its 5-MW solar park in Környe, in north-western Hungary. According to the company's executive, Attila Szűcs, the HUF 1.6 billion (EUR 5m) investment, whose cornerstone was laid in April this year, was financed with the company’s own funds (30%) and a ten-year loan from the savings bank 'Takarékbank'. Eurotrade installed nearly […]

Convertiplane over Budapest

Convertiplane Demonstration Flight over Budapest

D&T
Oct 29, 2019

On the fifth day of a joint operation of Hungarian and US special military units, a CV-22B Osprey type convertiplane of the US Air Force conducted a demonstration flight above the Hungarian capital this Tuesday. The Bell Boeing V-22 Osprey is a multi-mission, military aircraft capable of both vertical takeoff and landing. It is designed […]

National Bank Publishes Fintech Strategy

D&T
Oct 29, 2019

The National Bank of Hungary (MNB) has published its FinTech strategy entitled ‘Financial innovation and stability’ at a conference held with the participation of the representatives of Hungarian FinTech companies. The key objective of the first central bank FinTech strategy in the region is to facilitate the spread of competitive and innovative services in Hungary, […]

Property Transactions Plunge in Budapest as Prices Stagnate

D&T
Oct 29, 2019

The property market in Budapest has hit the brakes and the 9,941 transactions recorded in the first half of the year represent a significant 46% drop from the same period a year earlier, according to the weekly analysis published by Ingatlan.com. The average price per square meter of used properties in the Hungarian capital was […]

Slovenian Business and Tourist Event in Budapest

D&T
Oct 28, 2019

Slovenian Prime Minister Marjan Šarec addressed representatives of the Slovenian and Hungarian tourism industry Monday at the traditional Slovenia Tourism Promotion Event organized by the Slovenian Tourist Board. The politician highlighted that 24% more Hungarian tourists visited Slovenia in 2018 than in the previous year. "Slovenia is a green country with a wealth of natural […]

Stronger Airbnb Activity in Budapest

D&T
Oct 28, 2019

Similarly to 2017, Airbnb activity in Budapest increased by 25% year-on-year last year with overnight stays exceeding 1.8 million. Overnight stays recorded by the end of last year surged by 70% compared to 2016, according to a report released by Colliers International and Hotelschool The Hague. The Airbnb services in Budapest comprise more than 10,000 […]

Qiang Wang a.k.a. Master Wang

An Emissary of the Chinese Kitchen

Sándor Laczkó
Oct 25, 2019

Authentic Chinese cuisine, unadulterated and unadjusted to Western tastes, is still hard to come by in the Hungarian capital. One Chinese restaurateur has been working hard for nearly three decades to showcase Chinese cuisine that hits all the right notes. Qiang Wang, dubbed Wang mester (Master Wang), arrived in Hungary in 1991, at the age […]

Flower planting commemorates the child victims of the Holocaust

Remembering the Child Victims of the Holocaust

D&T
Oct 24, 2019

Children planted crocus bulbs in front of the Dohány Street Synagogue in Budapest this Thursday. At the end of October, hundreds of thousands of students from 12 countries are planting flowers to commemorate the one and a half million children murdered in the Holocaust. The Hungarian program has begun with flower planting under the motto […]

Tamás Nádasi

Understanding Chinese Business Culture

Sándor Laczkó
Oct 22, 2019

From introductions to negotiating tactics, the business culture in China, the world’s largest market, is different from European business culture. Being aware of cultural details is vital for commercial success, says Tamás Nádasi, President of the Chinese Committee established by the Hungarian Chamber of Commerce and Industry. Nádasi stresses that cooperation among Hungarian businesses and […]

Mastercard Advisors to Move Regional Center to Budapest

D&T
Oct 22, 2019

Mastercard Advisors, a strategic consulting division of Mastercard, is moving its European headquarters to the Hungarian capital and plans to increase the number of consultants to one hundred over the next few years. The recruitment process is already underway, the company told the Hungarian news agency MTI Tuesday. Endre Eölyüs, Managing Director for Hungary and […]

Large Office space Supply in Budapest

D&T
Oct 21, 2019

The largest supply of modern office space in 15 countries of Central and Eastern Europe (CEE) was recorded in Warsaw, Budapest and in Prague, while the biggest increase of new supply in the first half of 2019 was noted in Bucharest. The most active tenant sectors are IT, professional services, banking and BPO/SSC. More and […]

ChinaCham president Ernő Pető

A Professional Voice

Sándor Laczkó
Oct 21, 2019

The Hungarian-Chinese Chamber of Economy (ChinaCham) aims to enhance Hungary’s role as a logistics and distribution center of Chinese goods for the region. In a previous interview with Diplomacy&Trade, ChinaCham President Ernő Pető stressed that “Europe needs China very much and China also needs Europe.” When asked whether he still stands by this statement, the […]

Csodalámpa Charity evening

Magic Lamp Charity Evening

D&T
Oct 21, 2019

The Magic Lamp (‘Csodalámpa’) Wish Granting Foundation holds its 3rd Magic Lamp Charity Evening at the Corinthia Hotel Budapest on November 23, 2019. The event’s income will serve the mission of the Foundation: providing emotional and psychological support to children with life-threatening medical conditions, also giving strength and hope through the joy of their realized […]

New Sales Representation for EVA Air in Hungary

D&T
Oct 18, 2019

Taiwan-based five-star airline EVA Air has chosen the Hungarian office of Central European Aviation Solutions Ltd. (CEAS) for sales and marketing. Representing the airline's Vienna office at the announcement in Budapest were Edward Ho. Herbert Hsieh and Philipp Wagner. EVA Air’s Director for Central and Eastern Europe, Edward Ho, said he trusted the cooperation would […]

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