The lighting company Tungsram and Startup Campus is launching a new acceleration program specifically aimed at hardware startups in Hungary. Participants will receive an initial capital investment of HUF 20 million (EUR 60,000), resources for production and testing, as well as business training. By the end of the half-year program, they should be able to […]
Zagreb-based Orbico Group is the leading distributor for a large number of quality globally known brands ranging from beauty care products through food and non-food products, technical and electrical appliances to pharmaceuticals, toys, textile, cigarettes as well as motor oil products. It has been present on the Hungarian market since 2011. Orbico Ltd., the owner […]
Budapest Airport has been awarded ACI’s neutral airport carbon accreditation for the third year running, and thus remains a member of the elite club of airports which fully offset the carbon dioxide emissions generated in the course of their operation, in a sustainable manner. Budapest Airport is the only airport in the Central and Eastern […]
The European Investment Bank and the Ministry of Finance of Hungary signed this Thursday in Budapest an EUR 150 million loan for the construction and rehabilitation of eight schools, 16 classroom extensions and 20 new sport halls in schools, as well as the construction of 26 swimming pools and 17 larger gymnasiums in public schools […]
OTP Bank is the largest commercial bank in Hungary, and OTP Group is one of the largest independent financial services providers in Central and Eastern Europe. Its Croatian subsidiary is the fourth largest bank in that country with a potential for further growth. “At our closing event in March 2005, when OTP Bank took over […]
The Day of Hungarian Culture has been celebrated on January since 1989 in memory of poet Ferenc Kölcsey who – on this day in 1823 – finalized the manuscript of what came to be the Hungarian national anthem. Commemorations related to the anniversary provide an occasion for Hungarians to pay more attention to their millennial […]
The Hungarian national public transport bus company Volánbusz Co. Ltd. will buy fifteen new high-capacity buses worth nearly HUF 1.2 billion from Volvo Hungária Ltd. The buses are expected to be available from May, Volánbusz told the Hungarian news agency MTI this Tuesday. The vehicle purchase contract was signed on January 21 by Volánbusz Co. […]
Established in July 2012, the Hungarian-Croatian Section of the Hungarian Chamber of Commerce and Industry aims to foster economic and trade relations between the two countries and serve the economic interests of their entrepreneurs. In addition, the Section is responsible for supporting and lobbying in favor of Hungarian-owned companies operating in Croatia and Hungarian companies […]
In the first six months of 2020, Croatia holds the Presidency of the Council of the European Union with the motto ‘A strong Europe in a world of challenges.’ When elaborating on these challenges, the Croatian Ambassador to Hungary, Dr. Mladen Andrlić tells Diplomacy&Trade that “we are talking about the overall international scene, which is […]
The Swiss multinational food and drink processing corporation Nestlé has announced that it will invest up to CHF 2 billion to lead the shift from virgin plastics to food-grade recycled plastics and to accelerate the development of innovative sustainable packaging solutions. Building on its 2018 commitment to make 100% of its packaging recyclable or reusable […]
In 2013, Gordan Grlić-Radman, as the Croatian ambassador to Hungary, told Diplomacy&Trade in an interview that “Croatia has always been a member of the European community culturally and has always considered itself a member of the European community.” That was on the occasion of Croatia joining the European Union in July 2013. Now, he tells […]
Audi Hungaria ended 2019 with a high production result despite challenging conditions: last year, more vehicles rolled off the assembly line in Győr, NW Hungary than ever before. In addition, the company produced over 90,000 e-motors a year after production started. At the same time, 2019 saw the start of the serial production of the […]
A new chapter begins in the life of Budapest Airport from 2020. The first phase of a new, 11,500-square-meter facility serving passengers and providing the same level of comfort as the terminals has opened this Wednesday. The modern Pier 1 – to be fully completed by the summer of 2020 – replacing the earlier basic […]
The Palace of Arts (Müpa) in Budapest is celebrating the 15th anniversary of its opening this year with renowned artists, extraordinary collaborations and special programs, the CEO of the institution Csaba Káel told the Hungarian news agency MTI. The start of the new year at one of the region's most important performing arts centers was […]
Q4 2019 data indicate that the property market is in a state of change in Hungary. The latest analysis by the Duna House property agency says that for the first time in many years, the majority of residential property indices of Duna House are falling, but the price index of brick and mortar apartments in […]
