In the first half of 2018, 6,517 new dwellings were built in Hungary, 30% more than a year earlier. Based on issued dwelling construction permits and simple declarations, the number of homes to be built fell by 8.9% to 18,066 compared to the first half of 2017.
Qatar Airways will increase its service to Budapest by adding four additional flights to Hungary’s largest city and capital, commencing August 4. The additional flights will take the airline’s service of 14 flights per week to Hungary to 18.
In its WittyLeaks series, Diplomac&Trade regularly publishes the personal accounts of diplomatic mission leaders accredited to Budapest. This time, the Canadian Ambassador shares her experiences of being a diplomat with a small child.
BMW Group continues to expand its manufacturing network in Europe, with the aim of establishing a new plant in Hungary, near Debrecen. The value of the new investment will exceed EUR 1 billion, and the capacity will be up to 150,000 vehicles per year.
Hungaroring, the site of the Formula One Hungarian Grand Prix car race is to be completely transformed after next year's event. According to the CEO of Hungaroring, it will be difficult to destroy and rebuild the place within ten months.
Qatar Airways has been named ‘World’s Best Business Class’ for third consecutive year by the 2018 Skytrax World Airline Awards. The airline also won the Best Airline audience award in 2018, based on the readers' reviews of Business Traveler Hungary.
Mrs Pascale Andreani, Ambassador-designate of France to Hungary, has just taken up office in Budapest, according to a press release by the French Embassy in Budapest. Her appointment was approved by the Hungarian authorities on May 18.
The German multinational engineering and electronics company Bosch expands its Budapest Engineering Center with an EUR 120 million investment. In the new building complex , Hungarian engineers will develop Bosch's self-driving systems.
Taiwan-based Giant Group is going to establish its second European manufacturing and logistics unit in Gyöngyös, east of Budapest. Worth almost EUR 48 million, the investment, which is to be realized in three phases, shall occupy 228,000 square meters.
The Business Council for Sustainable Development in Hungary has announced the ‘For a Sustainable Future’ prize in 2018, with the purpose of recognizing the achievements of leaders and companies on advancing Sustainable Development Goals.
The European Space Agency (ESA) in cooperation with the Hungarian Academy of Sciences (MTA) has opened a business incubation center in Budapest. It is to fund startups using space technology solutions in products and services developed for everyday life.
One day before the scheduled deadline, Runway 1 of Liszt Ferenc International Airport was re-opened for traffic. The handover of the runway was made urgent by the need to meet the demand of increased summer traffic more safely and more comfortably.
The Hungarian currency, the forint began Wednesday trading at 326 units to one euro. Then, a morning waning wave had flown it to 327.3, before another fall early evening resulted in the common European currency being worth HUF 328 – an all-time low.
In the framework of a development project of EUR 6.3 million, a brand new, modern building complex of over 2,000 square meters is to be built in Pécs, for Soft Flow Hungary, owned to the Danish company of FOSS, will create more than 90 new jobs.
The new ambassador of the United States of America presented his letter of credentials to Hungarian President János Áder in the Sándor Palace in Budapest this Monday. The previous US ambassador, Colleen Bell left her post in January 2017.
