Budapest-headquartered transport and logistics company WABERER’S INTERNATIONAL Co. Ltd said its revenue in the second quarter of 2019 decreased by 6% to EUR 173 million. The decline is due to lower volumes in the aftermath of the end-of-March Brexit date affecting Q2 trade flows negatively in the international segment. The 7% growth in Regional Contract […]
Indian companies have invested close to USD two billion in Hungary over the past three decades, making the Asian country one of the most prolific sources of capital from the East. Diplomacy&Trade takes a look at the most significant corporate investments that hail from the subcontinent. The 2014 announcement of India’s Apollo Tyres, the world’s […]
ANY Security Printing Company PLC said net sales in the January-June period amounted to HUF 16.1 billion, HUF 0.5 billion (3%) higher than in the same period a year earlier, according to an announcement from the company. Revenue from the sale of security products and solutions amounted to HUF 4.9 billion, HUF 0.1 billion lower […]
On the day I was to present my Letter of Credentials to the President of Hungary, an official car arrived promptly to pick me up at my residence. The convoy advanced, solemn and with sirens blaring, toward the Castle. When crossing the Danube from Pest to Buda on the Elizabeth Bridge, I turned to my […]
Hungarian pharmaceutical company Gedeon Richter Plc. said that it launched a biosimilar teriparatide drug called Terrosa® in Europe. The product is approved in adults for the same indications as Eli Lilly’s Forsteo® and is used for the treatment of osteoporosis in postmenopausal women and in men at increased risk of fracture. Terrosa is also used […]
The Indian Minister of State for Culture, Dr. Mahesh Sharma told Diplomacy&Trade three years ago that “culture is a way of life in India: everything from getting up in the morning and moving on through the daily routine,” concluding that “our life is our culture.” The events organized by the Amrita Sher-Gil Cultural Center bring […]
It was exactly 30 years ago, on August 19, 1989, that - in a symbolic gesture agreed to by Austria and Hungary - a border crossing was opened on the 'Iron Curtain' for three hours. It was an event that eventually allowed hundreds of East Germans to flee to the West. In the summer of […]
Also known as the Palace of Soul, the Budapest Hare Krishna Educational and Cultural Center hosted the Magic of India Festival in the Hungarian capital this Sunday. The festival featured a concert, a craft market and a spice fair, as well as self-knowledge performances and creative children's activities.
An increasing number of businesses are implementing digital technologies in their daily business processes, driving demand for IT service providers that help their customers to bridge the digital gap, Prabal Datta, Head of Tata’s Global Delivery Center in Hungary says. A worldwide leader in IT services, Tata Consultancy Services (TCS) set up its Global Delivery […]
The volume of construction output, based on raw data, was 20.3% higher in June 2019 than a year earlier, Hungary's Central Statistical Office reports. The volume of output increased in both main groups of construction: in the construction of buildings by 23.5%, in civil engineering works by 16.5%. Based on seasonally and working day adjusted […]
While the inflow of Indian foreign direct investment to Hungary has picked up pace in recent years, the presence of Hungarian companies in the world’s 5th largest economy must be enhanced to realize its true potential, Ambassador Kumar Tuhin says in an interview. The balance of bilateral economic relations has not always been so tilted […]
The largest agricultural trade exhibition and fair in Eastern Hungary is held between August 15 and 18 this year at the agricultural campus of the University of Debrecen with 300 exhibitors. Farmer Expo is one of the leading international agricultural and food trade fairs in Hungary, which, from the very first moment, purposefully seeks to […]
The Embassy of the Republic of India held a ceremony this Thursday morning at the Embassy in the Buda Hills to celebrate the country's 73rd Independence Day with "all Indian nationals, persons of Indian origin, friends of India in Hungary and the local press." The event began with a flag hoisting ceremony and the singing […]
In June, the volume of sales in retail shops increased by 4.3%, according to raw data and by 5.2% when adjusted for calendar effects compared to the same period of the previous year, according to a report published by the Hungarian Central Statistical Office. The volume of sales, adjusted for calendar effects, rose by 2.1% […]
It was 200 years ago that Simon Bolívar invaded Colombia and defeated Spanish forces in a decisive battle on August 7 1819 at Boyacá. In celebration of two centuries of independence, the Colombian Embassy is organizing a host of events across the Hungarian capital. The iconic Chain Bridge will be illuminated with the colors of […]
