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T-Systems headquarters, Budapest

T-Systems Hungary to Be Acquired by 4iG

D&T
Jul 15, 2019

Magyar Telekom, the leading Hungarian telecommunications service provider, has announced that it has signed Heads of Terms with Hungarian company 4iG about the sale of its fully-owned subsidiary T-Systems Hungary, which offers a full range of ICT solutions. Under the Heads of Terms, 4iG will purchase all the shares of T-Systems by the close of […]

Toray Industries President Akihiro Nikkaku at the announcement in Nyergesújfalu, NW Hungary

Another Major Toray Investment in Hungary

D&T
Jul 12, 2019

Japanese firm Toray Industries is boosting its operations in Hungary by investing more than EUR 407 million in the construction of a new plant in Nyergesújfalu, a town on the River Danube, northwest of Budapest. The new unit will manufacture separator films for lithium-ion batteries from the second half of 2021. Toray first came to […]

Slovak President in Hungary

Slovak President Visits Hungary

D&T
Jul 11, 2019

Climate protection, energy issues and migration dominated the agenda - as well as the role the Visegrád Four should play in the European Union. As the new Slovak President, Zuzana Čaputová was received by her Hungarian counterpart János Áder in the Sándor Palace in Budapest, the two politicians agreed that mankind was in the last […]

Hungaricum Cocktails

Hungaricum Cocktails

D&T
Jul 11, 2019

InterContinental Budapest’s summer event series titled ‘Live on the Terrace’ is back again this year. Visitors can enjoy live music and culinary treats while sipping cocktails inspired by Hungarian inventions as they take in one of the most beautiful sunset views Budapest can offer. Throughout the summer, Thursdays will be all about Latin rhythms, with […]

Kevin A. Murray, Citibank

Keeping the Floodgates Closed

Edith Balázs
Jul 9, 2019

The short-term outlook for the banking industry in Central and Eastern Europe is reassuring, but the financial industry has grown more cautious with respect to lending despite a supportive macroeconomic and industry backdrop, Kevin A. Murray, Chief Executive Officer for Central Europe and Country Head for Hungary tells Diplomacy&Trade. In recent years, countries in Central […]

Hungary - US relations

Scenes from a Marriage

Tamás Magyarics
Jul 9, 2019

Marriages can be of different nature. Some are between equals, others between partners where one is more equal than the other’. U.S.-Hungarian relations clearly fall into the latter category; given the size, the capabilities and the opportunities of the two countries, it is a euphemism used only in polite circles that they are equal partners […]

Ambassador Cornstein at Pápa Air Base

U.S. Keen on Weaning Hungary off Russian Energy

Edith Balázs
Jul 9, 2019

Hungary’s dependence on Russian natural gas imports is a concern for the Trump administration, which seeks to help the eastern European country in diversifying its natural gas supply sources, U.S. Ambassador to Hungary David B. Cornstein tells Diplomacy&Trade in an interview. Hungary’s reliance on Russia for energy supply has repeatedly been highlighted as an issue […]

In the Persian Gulf

Playing for the Galleries

Tamás Magyarics
Jul 9, 2019

Conflicts resurface in the Middle East from time to time. The region's particularly sensitive point is the Strait of Hormuz on the key route of oil shipments. U.S.-Iranian relations have been backsliding since the overthrow of the Shah in early 1979. The hostage crisis in 1979-1981 poisoned bilateral relations almost beyond repair. The Reagan administration […]

Bridgestone Tatabánya

Bridgestone Transforms Tatabánya Plant into Smart Factory

D&T
Jul 5, 2019

Bridgestone EMEA is injecting EUR 36 million into its eight European plants, including the one in Hungary, transforming them into smart factories, the EMEA business of the world’s largest tire and rubber company has announced. In the company’s Hungarian factory in Tatabánya, west of Budapest, where tire production is already digitalized, the entire manufacturing process […]

'For a Sustainable Future' prize

Prize for a Sustainable Future

D&T
Jul 4, 2019

The Business Council for Sustainable Development in Hungary (BCSDH) has announced the ‘For a Sustainable Future’ prize in 2019, with the purpose of recognizing the achievements of leaders and companies on advancing Sustainable Development Goals (SDGs). In the 'Leading Women' category, BCSDH is looking for an outstanding female leader in a company who is working […]

Opening the Center for University-Industry Cooperation in Győr

Center for University-Industry Cooperation

D&T
Jun 26, 2019

The construction of the first Center for University-Industry Cooperation (FIEK) of Hungary has been completed in Győr. The new complex implemented with the cooperation of Audi Hungaria, Széchenyi István University (SZE) and the Municipality of Győr, will be transferred into the possession of the teachers and students in order to work on joint research and […]

HIPA President Róbert Ésik at the ExxonMobil commemoration

ExxonMobil: 15 years in Hungary

D&T
Jun 21, 2019

ExxonMobil expressed its thanks to its partners and oldest colleagues for the past fifteen years' achievements in Hungary in the framework of a ceremonial event. The Budapest business service center of the US-based company, whose employee number has grown five-fold since its opening in 2004, mainly provides financial and controlling assistance to the parent company, […]

Taras Shevchenko monument in Budapest

Memories for the Future

Walking through any city in the world, one can see a lot of monuments that remind them of historic personalities or events. Budapest is not an exception, it is a city that has a lot to boast. The monuments tell us about the history of the country, the people it is proud of and its […]

TLC machine

EUR 30 Million TLC Investment in Litér

D&T
Jun 20, 2019

TLC Kft., which belongs to the German Sennebogen company, is building a new plant in Hungary. As an expert in welded heavy steel structural component production, TLC is investing more than EUR 30 million in capacity expansion and machinery modernization, which will also involve the creation of 80 new jobs. The Germany-based family-run business of […]

Wizz Air Airbus A321

Wizz Air Expands Its Fleet Further

D&T
Jun 20, 2019

Wizz Air, the largest low-cost airline in Central and Eastern Europe, has announced that, as part of the Indigo Partners deal, it has signed a memorandum of understanding with Airbus S.A.S. relating to exercising a part of its existing options for the purchase of twenty Airbus A321XLR aircraft. The present order will be delivered over […]

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