The new coronavirus infection was detected in another 1,374 Hungarian citizens, which is the highest daily number of infections so far. Previously the highest number was 1,322 on October 2. With Saturday's data, the total number of infected people identified in Hungary increased to 36,596. 20 patients died in Hungary in the past 24 hours, […]
Actions such as the severe travel restrictions introduced on the 1st of September in Hungary or other global or EU level measures can fundamentally transform short- and mid-term expectations. That is one of the findings of the snapshot report prepared by Horwath HTL Hungary, in cooperation with the Hungarian Hotel & Restaurant Association, based on […]
The top Hungarian female tennis player, Tímea Babos, paired with France's Kristina Mladenovic, defeated the Czech duo of Barbora Krejčiková and Kateřina Siniaková in three sets to qualify for Sunday's final. Seed No. 2 Babos and Mladenovic seemed to be well on track for an easy victory, having won the first set 6-2. However, the […]
Hungarian Prime Minister Viktor Orbán’s announcement that the government will throw its weight behind the massive salary increase proposed by the Hungarian Chamber of Doctors came as a huge surprise. Following the swift approval by Parliament of the bill regulating doctors’ salary increase, there is increasing doubt that doctors will accept the conditions set by […]
The border closure from September 1 and the strict rules of border crossing have had a major impact on passenger traffic at Ferenc Liszt International Airport. The number of passengers using the airport dropped to the level of last June again: this September, Budapest Airport handled 88,173 passengers in total, which is a 94.2% reduction […]
The Spanish Embassy in Budapest held two events this Thursday to commemorate the heroic actions of Spanish diplomat Ángel Sanz Briz during World War II: unveiling a plaque and planting a tree in his memory in the Hungarian capital. The year 2020 marks the 110th anniversary of the birth and the 40th anniversary of the […]
KDB Bank Europe Ltd. (KDBE), a subsidiary of the South Korean Korea Development Bank, has been present on the Hungarian financial market since 1990. KDBEPresident&CEO, Min In Hwan tells Diplomacy&Trade how the bank developed over these three decades and theservices it offers its clients today. Explaining how many of the bank’s original objectives have been […]
Audi Hungaria has Europe's largest building-based photovoltaic system installed on the top of its two logistics centres. With the green electricity being produced here from renewable sources, the CO2 emission is estimated to be reduced by almost 4,900 tons. As a result of the joint project of Audi Hungaria and E.ON, the solar power system, […]
LG Electronics Hungarian subsidiary acts as a regional center, its office in Budapest not only supervises the company’s activities in Hungary but is also responsible for the coordinated commercial activity of ten other countries in East Central Europe and the Western Balkans. As LG Electronics Hungary Managing Director, Hyeong Tae Kim explains to Diplomacy&Trade, “LG’s […]
24 new patients died in the past 24 hours in Hungary – this is another negative record after Tuesday when 20 people died of the infection in this country. Of the deceased, 17 were over the age of seventy, but there was also among them a 21-year-old woman with severe thrombocytopenia and cerebral hemorrhage as […]
In August 2020, the volume of industrial production declined in Hungary by 2.1% year-on-year, the country's Central Statistical Office (KSH) reports. The degree of fall was 34.8 percentage points lesser than the nadir of April. Based on working-day adjusted data, production dropped by 0.2%. The production decreased in the majority of the manufacturing subsections. However, […]
Last year, the Republic of Korea was the largest source of foreign direct investments in Hungary. The Hungarian Investment Promotion Agency (HIPA) played a pivotal role in many of these investment projects as its CEO, Róbert Ésik explains to Diplomacy&Trade. He points out that 2019 was another successful year for Hungary in terms of foreign […]
Another twenty patients died of the pandemic in the past 24 hours, which is a negative record, with the highest number of deaths in a single day so far being 17 (on April 18 and October 2). According to figures disclosed by the government, these fatalities bring the total number of COVID-19 related deaths to […]
The aluminum processing company Howmet-Köfém Plc. has laid the cornerstone of its new factory in Székesfehérvár, SW of Budapest. With the new facility, the company will significantly increase its production capacity for die-cast aluminum Alcoa Wheels, the company’s lightest heavy-duty truck and bus wheel. The investment totals HUF 9.26 billion and the Hungarian government will […]
Vodafone Hungary awarded the work of two educators at the Women for Hungary Awards Gala, who demonstrated their skills and commitment during the transition to digital education with the help of digitization. The Women for Hungary Club praised women who successfully faced this year's socio-economic challenges at the Women for Hungary Awards Gala. The purpose […]
