In May 2021 the volume of industrial production exceeded by 39.1% the low base level of last year’s May, caused by coronavirus pandemic related restrictions. Based on working-day adjusted data production rose by 40.2%, the Hungarian Central Statistical Office (KSH) reports. All manufacturing subsections contributed to the significant increase. The growth in the manufacture of […]
Nearly five years after her death, part of the ashes of Hungarian-born American actress Zsazsa Gabor were laid to rest in the Artists' Plot of the Fiumei Road Cemetery in Budapest this Tuesday. Prince Frédéric von Anhalt, widow of Zsazsa Gabor, in cooperation with the National Heritage Institute and the Hungarian Hollywood Council, brought some […]
The vehicle importer Porsche Hungária is to establish an Innovation and Education Center with an investment of HUF 2 billion. The cornerstone laying ceremony took place next to the company's Budaörs component center outside the Hungarian capital. At the event, László Mosóczi, Minister of State for Transport Policy at the Ministry of Innovation and Technology […]
In line with its earlier plans, AutoWallis plans a public raising of capital, and it has already taken the necessary preparatory steps. The listed vehicle company plans to raise between HUF 4 and 6.5 billion in institutional and retail capital in the interest of financing the growth strategy it had announced earlier. A report on […]
The Dutch logistics operator group Raben, now operating in 13 countries, celebrates its 90th anniversary this year. The Hungarian subsidiary, Raben Trans European Hungary Ltd. was established 11 years ago. Its Head of Sales & Marketing, Zoltán Üveges tells Diplomacy&Trade about the Group’s diverse activities. As he explains, Raben Group offers comprehensive TSL (transport, shipping […]
Gáspár Csere, the athlete of the Budapest club BEAC won the half marathon on Sunday at the 36th Telekom Vivicittá running festival. Csere won the 21.1-kilometer race, the longest distance run at the traditional Budapest event, for the third time after 2011 and 2016. Julianna Nagy of Margitszigeti AC won the women's race. Although the […]
Consumer prices were 5.3% higher on average in June 2021 than a year earlier. Significant price rises were measured over the last 12 months for alcoholic beverages, tobacco and motor fuels. In one month, consumer prices increased on average by 0.6%. According to data published by the country's Central Statistical Office (KSH), in the past 12 months, […]
Even the turbulence of last year could not break the success streak of the Dutch truck manufacturing company DAF in Hungary, which closed the year as the leader in the heavy truck market for the 12th consecutive time, with an increased share. The management of DAF Hungary Ltd. expects a significant market strengthening this year, […]
SungEel Hitech Hungary Ltd. is to expand its presence in Hungary with another battery processing plant. After the plant in Szigetszentmiklós, which was handed over in 2019, an 8,700-square-meter recycling park opened in July this year in Bátonyterenye, Nógrád County, north of Budapest. With an investment of EUR 25.75 million, 30% of which is to […]
Hungary’s relations with the European Union took a turn for the worse after the government of Prime Minister Viktor Orbán passed a law that was heavily criticized for discriminating against LGBTQ people. EU lawmakers are urging the decision-making bodies in Brussels to punish Hungary by blocking funds from the EU stimulus package. Hungary came under […]
The heat has peaked and the national daily heat record has been broken in Hungary, the National Meteorological Service said this Thursday. As they wrote, the maximum temperatures were between 33 and 40 degrees Celsius, with only a few stations measuring temperatures below 35 degrees. Until now, the daily temperature record was 39.3 degrees Celsius […]
A 60-year-old man with high blood pressure and tumor is the 30,000th on the list of COVID-19 victims in Hungary. With another four people passing away in the past 24 hours, the death toll is now 30,004. As telex.hu notes, it is more accurate to say that since March last year, 30,000 people have died […]
The Dutch multinational human resource consulting firm Randstad regularly publishes major surveys about the labor market in different countries. Diplomacy&Trade asked the Managing Director of Randstad Hungary, Sándor Baja, to highlight the major findings. According to latest edition of the Randstad Workmonitor survey, work-life balance remains the biggest challenge for Hungarians. Sándor Baja points out […]
ALTEO and AutoWallis have signed a strategic cooperation agreement to coordinate their e-mobility services in the future. The agreement between the two companiesis based on their commitment to sustainable and transparent operations and the transition to a green economy. The agreement also covers the sale of innovative energy solutions for charging e-cars. The cooperation agreement […]
The Monetary Council of the National Bank of Hungary (MNB) reviewed and approved the Bank's Green Monetary Policy Toolkit Strategy. The MNB's mission is to implement monetary policy tools that - without jeopardizing its primary objective – would ensure long-term environmental sustainability, and thereby contribute to Hungary's sustainable convergence. The Bank's press release points out […]
