The Hungarian Marketing Association (MMSZ) and the Association of Hungarian Communication Agencies (MAKSZ) have developed a code of cooperation to enhance the reputation of the profession and ensure its sustainability. The initiative, called the Fairplay Book, is backed by the 70 client-side members of the MMSZ, 46 member agencies of the MAKSZ and six professional […]
The Mercedes factory in Kecskemét, SE of Budapest, has been shut down, there will be no production until January 12. That is according to a statement to the press by Mercedes-Benz Manufacturing Hungary Ltd. The factory said that they have modified their production plan to adapt to the constantly changing parts supply situation. The start […]
JYSK, the largest Danish retailer operating internationally, celebrated its 40th anniversary two years ago. Since 2005, JYSK is present Hungary where it continuously expands its store network and will soon have a regional distribution center as well. As JYSK's Country Manager for Hungary, Austria and Greece, Sándor Szimeiszter tells Diplomacy&Trade, “JYSK has been very successful […]
This Friday, Duna House Group has signed an agreement for the acquisition of 70% of the Italian HGroup with future put/call options that can increase its ownership to 100%. With full country-wide coverage, the Bergamo-based HGroup through Credipass, its subsidiary, is currently the second biggest loan broker in Italy by network size with close to […]
Denmark and Hungary are working closely together. That is what the Ambassador of the Kingdom of Denmark to Hungary, Erik Vilstrup Lorenzen emphasizes in an extensive interview with Diplomacy&Trade, the leading article of the recent Danish Focus. Ambassador Lorenzen arrived to Hungary over a year ago. Concerning his plans and how much he has been […]
Hungary’s November government deficit broke an all-time record, boosted by a government spending spree to win re-election next spring. Economists fear that the upcoming general election will put the much-needed fiscal consolidation on hold. Hungary recorded an unprecedented monthly budget shortfall of HUF 1,009 billion in November, according to preliminary information published by the Ministry […]
The goal of this virtual exhibition, a joint project of the Hungarian National Museum and the Galerija Klovićevi Dvori (Zagreb), is to present the Croatian-Hungarian cultural and cultural-historical relations in a broad and illustrative context, thus strengthening the feeling of belonging together in the two nations. “Since our common heritage of 800 years is immense, […]
Last week marked two major milestones for Horizon Development’s Szervita Square Building. The premium project was acknowledged as the Best Mixed-Use Development in Hungary at the International Property Awards, and its LEED Platinum certification process also concluded successfully. According to a press release by Horizon Development, competing in a great pool of excellent mixed-use projects […]
South Korean electromobility firm EcoPro BM opens its first European factory unit in Debrecen, which is also the first location of the company outside Korea. The volume of the project is EUR 728 million. Thanks to the investment in manufacturing cathode material for lithium-ion batteries essential for electric vehicle batteries, about 631 new jobs will […]
In cooperation with the 10 Million Trees Foundation, the Budapest cab company Főtaxi continues its tree planting program, which has been running for several years, this time focusing on the busiest areas of Budapest. Under the professional guidance of the organization, mature, i.e. pre-grown, deciduous trees will be planted, which, once planted, will immediately contribute […]
The American global industrial software and engineering company Emerson has carried out a capacity-building investment in Eger, NE Hungary in order to meet automation needs for global customers. As a result of the project worth USD 14.7 million, a building of 10,500 square meters was constructed, which means new offices and additional production server units […]
Consumer prices were 7.4% higher on average in November 2021 than a year earlier. The last time the inflation was as high was in December 2007. The highest price rises over the last 12 months were measured for motor fuels as well as alcoholic beverages and tobacco. In one month, consumer prices increased by 0.7% on average, […]
The advanced vocational training in Drone Control and Drone Data Analysis will take place in the drone laboratory of the Digital Development Center, a joint venture of the Ministry of Innovation and Technology and Széchenyi István University in Győr, NW Hungary. The uniqueness of the course lies in the fact that students will learn not […]
Tata Consultancy Services, Asia's senior software development and service company, which has been present in Hungary for 20 years, will create 300 new jobs with typically high added value in Financial Analysis, Market Research and IT areas over the next two years in Budapest. Tata Consultancy Services (TCS) is the largest IT ventures of India, […]
224 patients died on Monday, bringing the total number of deaths in this country to 35,835, the official information site said on Tuesday morning. In the fourth wave, the number of daily deaths has never been so high. The last time more deaths were reported on a single day was on April 16. 4,311 new […]
