Magyar Telekom, the leading Hungarian telecommunications service provider, has announced that it has reached an agreement with the trade unions on a headcount reduction and wage increases at the company in 2020. The company agreed with the trade unions on the termination of the employment relationship of some 450 employees, with the majority of the […]
Audi Hungaria has begun the serial production of the Q3 and Q3 Sportback models with Mild Hybrid Electric Vehicles (MHEV) powertrain in Győr, NW Hungary. Both models feature a 1.5-liter TFSI engine, also made in Győr, in collaboration with a 48-volt on-board system and a Riemen-Starter-Generator (RSG). The production line had been prepared for the […]
Messer Hungarogáz Ltd., member of the Germany-based supplier of industrial gases Messer Group GmbH has signed a contract for the construction of a new on-site facility with MOL Petrochemicals, a member of Hungary's MOL Group. A statement by the Messer Group says that the plant will supply nitrogen and instrument air for a new polyol […]
Following preliminary negotiations Rába Automotive Holding Plc. received an offer from one of Europe’s leading multinational trading companies to buy a part of its immovable property in downtown Győr. The part of the area known as Városrét, dedicated for commercial use, is going to be utilized as a result of years of preparatory work and […]
Members of Hungarian Parliament have held a minute of silence to remember former MP János Horváth who died in Budapest last week in his 99th year of age. János Horváth was a member of the National Assembly between 1945 and 1947, and from 1998 to 2014. From 2003 to 2014, he was the oldest Speaker […]
Industrial producer prices as a whole were 1.5% higher in October 2019 than in the same period of the previous year, Hungary’s Central Statistical Office reports this Tuesday. The development of prices was influenced by changes in world market prices of raw and base materials and by wage growth. Domestic output prices increased by 1.7% […]
41-year-old Claire Szabó, of dual New Zealand-Hungarian nationality, was elected President of the ruling Social Democratic (Labor) Party in New Zealand this past week-end. As index.hu reports, Szabó's father fled Hungary at the age of 17 in 1956 and began a new life in New Zealand, where he worked as an engineer. Claire Szabó was […]
Startup Campus Hungary has organized and executed a high-level startup tour in Athens for the first time, where representatives of the Hungarian and Greek ecosystems were able to establish new business relationships in the areas of smart city and sustainable energy management. A delegation organized by Startup Campus Hungary, powered by HEPA (Hungarian Export Promotion […]
"The tragedy of our Jewish compatriots is the tragedy of all of us, the darkest period of Hungarian history," Péter Niedermüller, Mayor of Erzsébetváros (Budapest’s District 7), said at a commemoration of the 75th anniversary of the Pest Ghetto in Budapest on Thursday, the Hungarian news agency MTI reports. At the commemoration of the local […]
Lufthansa Systems Hungária will open a new division at its base in Szeged, southeastern Hungary, specializing in the development and testing of software used in the aviation industry, state news agency MTI reported.The division will initially employ 10-15 IT professionals but the company plans to increase headcount by 15-20 employees every year. Lufthansa Systems started […]
The Director for Administrative Capacity Building in South-East Europe in the European Commission's Directorate-General for Regional and Urban Policy Vittoria Alliata di Villafranca paid a visit to the University of Debrecen in eastern Hungary on Wednesday discussing pharmaceutical research at the university. Vittoria Alliata Di Villafranca emphasized in a briefing following discussions with university leaders […]
Instituto Cervantes, a public entity established by the government of Spain in 1991, has been promoting Spanish language and culture in Hungary for 15 years. Headquartered in Madrid and Alcalá de Henares - the hometown of writer Miguel de Cervantes -, the institute is a bastion of Spanish and Latin American culture worldwide. In Hungary, […]
Russia’s International Investment Bank, which relocated its headquarters to Budapest in April, expects its loan portfolio to exceed EUR 1 billion by the end of the year, executives of the bank said at a press conference. The bank’s loan portfolio expanded by 11% in the six months since moving to Hungary and the value of […]
Hungarian actress Marina Gera has won the International Emmy Award for Best Performance by an Actress for her role as Irén in the movie 'Örök Tél' (Eternal Winter). She received the recognition at Awards Gala in New York City this Monday. Directed by Attila Szász, the movie that received numerous other awards in the past […]
Hungary's currency, the forint weakened to a new historical low against the euro this morning with the exchange rate reaching HUF 337.24/EUR on the interbank market. The Hungarian currency has depreciated by 2.5% over the past month and by 5% since the beginning of the year. The US dollar is currently close to 306 forints, […]
