A mural evoking Berlin has been painted in German-Hungarian cooperation on a firewall in downtown Budapest to mark the 30th anniversary of the reunification of Germany. The mural at Akácfa Street 27 in District 7 depicts three figures at the Berlin Wall in clothes painted with the colors of the German national flag by the […]
Despite investor appetite remaining strong for the Central and Eastern European (CEE) region, year-end volumes are likely to reach EUR 10-11 billion, appr. 20% lower than in 2019, Colliers International reveals. Despite COVID-19 impacts on markets, flow volumes remain relatively healthy for the first three quarters of 2020 at appr. EUR 8 billion. Poland attracted […]
Dániel Palotai, who was Executive Director and Chief Economist at the National Bank of Hungary for over seven years until last month, will be on the Board of Directors of the International Monetary Fund from November 1. The Hungarian economist has been an advisor to the IMF since September this year. As the news site […]
State-owned Hungarian energy group MVM has acquired the Hungarian and two Chinese subsidiaries of the German energy company Enexio. With the change of ownership, MVM also received a world-famous Hungarian patent, the Heller-Forgó's refrigeration system, which made Enexio an important player in the energy market. According to the sales director of Enexio Hungary Zrt., Balázs […]
House prices fell by 5.6% in the second quarter of the Hungarian capital. Consequently, prices fell by some 2.5% compared to a year earlier, the National Bank of Hungary (MNB) reports. According to the latest MNB house price index data, house prices in Budapest declined year on year in nominal terms, which has been unprecedented […]
Toronto-based Spin Master Corp., a leading global children's entertainment company, has announced it has reached an agreement to acquire London-based Rubik's Brand Ltd, owner of the world-famous Rubik's Cube. A statement by the company quotes Elizabeth LoVecchio, Spin Master's Vice President Marketing, Games by saying that "the Rubik's Cube is an iconic puzzle that has permeated pop culture and […]
This Friday, a statue in honor of George Herbert Walker Bush, the 41st president of the United States, was unveiled in Szabadság tér (Liberty Square) in Budapest on the occasion of the 30th anniversary of the fall of communist rule in Central and Eastern Europe. The statue pays tribute to President George H. W. Bush, […]
The Council of the Central European Consular Corps has introduced itself at the Institute of Foreign Affairs and Trade in Budapest. The event was opened by Márton Ugrósdy, Director of the Institute of Foreign Affairs and Trade, followed by Péter Cseresnyés, State Secretary of the Ministry of Innovation and Technology, Ms. Vesna Njikoš Pečkaj, Plenipotentiary […]
Another 63 new coronavirus patients died in Hungary in the past 24 hours, 15 more than the previous daily record. The majority of the 63 deceased suffered from chronic diseases. The total official number of new coronavirus fatalities in the country is now 1535. In one day, another 2,079 Hungarian citizens were diagnosed with the […]
The usual winter production break is expected to be held between December 18 and January 17 by the Mercedes factory in Kecskemét, and production is currently suspended for a few days in October as well. Mercedes-Benz Manufacturing Hungary Ltd. told the Hungarian news agency MTI on Monday that taking advantage of the Christmas holiday period, […]
The “ExCEEding Borders: Industrial & Logistics Market in CEE-17” report discusses key trends, challenges, technologies, labor market and investment incentives in this sector. The I&L sector in the CEE-17 has become one of the most sought-after asset types since 2019, after Offices and Residential according to Colliers International, CMS and Randstad. The report revealed that […]
Since the tuba was invented, no such improvement has ever emerged as the innovation introduced by Roland Szentpáli and Zoltán Juhász that shall revolutionize the instrument. The newly developed mechanism now allows musicians to play the tuba stand-up and move freely on stage. The conversion from the traditional to the standing positioning takes only two […]
A shipment of 150 ventilators has been sent from Hungary to the Czech Republic to help the growing number of patients infected by the new coronavirus. Earlier this week, Czech Prime Minister Andrej Babiš asked the European Union and NATO member states for help in combating the rapidly spreading coronavirus epidemic and the Hungarian government […]
This year marks the 100th anniversary of establishing diplomatic ties between the Netherlands and Hungary, and so, it is an excellent occasion to enlist examples in history that make up a multi-level bond between the two countries and the two peoples. When I say our common history dates back to centuries, I mean it. Perhaps […]
By Sunday, another 3,149 Hungarian citizens had been diagnosed with a coronavirus infection, according to data published on the government information page. It is a new daily record. This brings the number of active infections to a record of 41,580. 35 people died in the past 24 hours due to the COVID-19 pandemic and thus, […]
