Mastercard Advisors, a strategic consulting division of Mastercard, is moving its European headquarters to the Hungarian capital and plans to increase the number of consultants to one hundred over the next few years. The recruitment process is already underway, the company told the Hungarian news agency MTI Tuesday. Endre Eölyüs, Managing Director for Hungary and […]
The largest supply of modern office space in 15 countries of Central and Eastern Europe (CEE) was recorded in Warsaw, Budapest and in Prague, while the biggest increase of new supply in the first half of 2019 was noted in Bucharest. The most active tenant sectors are IT, professional services, banking and BPO/SSC. More and […]
The Hungarian-Chinese Chamber of Economy (ChinaCham) aims to enhance Hungary’s role as a logistics and distribution center of Chinese goods for the region. In a previous interview with Diplomacy&Trade, ChinaCham President Ernő Pető stressed that “Europe needs China very much and China also needs Europe.” When asked whether he still stands by this statement, the […]
The Magic Lamp (‘Csodalámpa’) Wish Granting Foundation holds its 3rd Magic Lamp Charity Evening at the Corinthia Hotel Budapest on November 23, 2019. The event’s income will serve the mission of the Foundation: providing emotional and psychological support to children with life-threatening medical conditions, also giving strength and hope through the joy of their realized […]
Taiwan-based five-star airline EVA Air has chosen the Hungarian office of Central European Aviation Solutions Ltd. (CEAS) for sales and marketing. Representing the airline's Vienna office at the announcement in Budapest were Edward Ho. Herbert Hsieh and Philipp Wagner. EVA Air’s Director for Central and Eastern Europe, Edward Ho, said he trusted the cooperation would […]
These things in the title and subtitle have nothing in common, but they are in a way representative of some funny and interesting things that I have encountered since I started working for the Norwegian Ministry of Foreign Affairs in 1980. So, here are three unrelated ‘episodes’ from my life as a diplomat. When joining […]
Qatar Airways held a press conference in Doha to celebrate the launch of its inaugural flight to Langkawi, Malaysia. The four-times-weekly flights to Langkawi will be operated by a Boeing 787 Dreamliner, expanding to five-times weekly from October 27 this year. Hosting the event, Qatar Airways Group Chief Executive, Akbar Al Baker highlighted the award-winning […]
Establishing a presence in a foreign market can often bring about unexpected diff iculties stemming from cultural and linguistic differences, divergent business cultures or lack of specif ic knowledge about market conditions. Hungary’s Export Promotion Agency offers decades of knowhow and expertise to businesses seeking to venture outside Hungary, even to far-flung countries like China, […]
Trucks loaded with food donations queued in central Budapest on World Food Day, in a bid to call attention to food waste and the importance of healthy diets. Beyond raising awareness, the joint action of FAO and the Hungarian Foodbank Association was also designed to help Hungarian families in need. In a bid to emphasize […]
With Hungary the prime investment destination for China in Central and Eastern Europe, relations between the two countries are at their best and enjoy great momentum and broad prospects, Duan Jielong, Ambassador of the People’s Republic of China to Hungary tells Diplomacy&Trade in an in-depth interview. China’s Road and Belt initiative, embraced by Hungary, provides […]
The European Institute of Innovation and Technology (EIT) has announced this year’s winners of the prestigious EIT Awards. Michael Dittel, LeafTech (Germany), Marc Julien, Diabeloop (France), Matthew Dickson, CorPower Ocean (Sweden/United Kingdom), Sara Guimarães Gonçalves, Trigger.Systems (Portugal), and David Pistoni Perez, Zeleros (Spain), were awarded for innovations in the fields of climate, energy and health. […]
The second phase of Samsung SDI’s Hungarian investment with the construction of new buildings at the company’s business site in Göd, north of Budapest, is now completed. The second phase will yield 1,200 new jobs and a significant increase in the plant’s battery cell production. The Korean company invested EUR 1.2 billion to expand the […]
The 2019 Budapest Water Summit (BWS) has opened in the Millenáris Park in the Hungarian capital. The focus of the three-day conference is the prevention of a global water crisis, including water scarcity and pollution. The goal of the Budapest Water Summit, held October 15-17, is to draw the attention of the world’s political, economic, […]
Hungarian Prime Minister Viktor Orbán met with Turkish President Recep Tayyip Erdogan in the Azeri capital of Baku where they both attended the meeting of the Turkic Council, Hungarian state news service MTI reports. Erdogan thanked Hungary for supporting Turkey on the international stage and for opening the first European office of the Turkic Council […]
The volume of industrial output grew by 0.3% year-on-year in August, Hungary’s Central Statistical Office reports. Based on working-day adjusted data, production rose by 2.7%. on a monthly basis, industrial output decreased by 1.2%, according to seasonally and working-day adjusted data. The volume of industrial exports increased by 2.0% year-on-year. Transport equipment exports, accounting for […]
