Following a period of employee consultations, Rolls-Royce has completed the acquisition of the electric and hybrid-electric aerospace propulsion activities of Siemens (formerly known as the eAircraft business). As a result of the transaction, Rolls-Royce has established a subsidiary in Hungary, employing about 100 engineers taken over from Siemens. "The timely execution of the deal, announced […]
The Hungarian capital's largest exhibition site, Hungexpo will refurbish and modernize existing pavilions, build two new exhibition halls, a new reception building and a congress center by 2021, the company said. The budget of the investment project is HUF 55 billion. The foundation stone of Hungexpo's revitalization development was laid on Monday. The press release […]
The Dutch flag carrier is celebrating its 100th anniversary this October amid turbulent times for the aviation industry. The airline will need to rely on its commitment to adapting to shifting operational trends and embracing new technologies if it is to celebrate its bicentennial anniversary. The Dutch propensity for traveling and exploring the farthest corners […]
Hungarian ultrarunners scored a double victory at the 37th Spartathlon, one of the most challenging long-distance races in Greece, winning both the men's and women's competition. The overall winner, Tamás Bódis completed the distance in 23 hours, 28 minutes and 37 seconds. Another Hungarian, Zoltán Csécsei finished second. Coming in 8th in the overall race, […]
Organized by the Fridays For Future Hungary movement, thousands of young people took to the streets of the Hungarian capital in order to demonstrate for effective measures to combat climate change and to convince decision-makers that they should take responsibility for the future of planet Earth.
Staying ahead of the game in the digital age requires constant innovation and a flexible mindset when it comes to business opportunities, says Imre Sztanó, Chief Executive Officer of NN Insurance Co. Ltd. in Hungary. The country’s largest life insurance provider relies on cutting-edge technologies and innovative organizational changes to hold on to its leading […]
The American company Arconic that specializes in lightweight metals engineering and manufacturing has announced that its Hungarian subsidiary, Arconic-Köfém Ltd., received the 2019 Chain Bridge Budapest Award. Launched in 2017, this prize is awarded each year by the Hungarian Investment Promotion Agency (HIPA) to the company that makes the greatest contribution to the development of […]
“The only constant is change, and it is inevitable, as the old adage goes,” says Dr. Sándor Erdei, a seasoned venture capital and foreign direct investment professional, who is the founder and Chief Executive of Dutch-Hungarian financial services provider DBH Group. The transformational power of digital technologies is uprooting the way people live, work, and […]
Germany’s Thyssenkrupp has decided to move its Budapest-based automotive industry development center to a bigger location in the capital and increase the headcount by 100 employees over the coming years, online newspaper piacesprofit.hu reports. The center is relocating to a 16,000 sqm area in the South Buda Business Park where the company will have nearly 30% more […]
Japanese automotive component manufacturer Denso, which has been present in Hungary since 1997, has inaugurated its new logistics center in Székesfehérvár, SW of Budapest . The 17,000-square-meter logistics center is stocked with basic materials used in manufacturing as well as semi-finished and finished products. It comes with an investment of HUF 18.5 billion (some EUR […]
British actress Vanessa Redgrave and her husband, Italian actor Franco Nero received the Ambassador of European Cinema award at the 16th CineFest Miskolc International Film Festival this Thursday. The festival established the Ambassador of European Cinema award in 2016 and its first recipient was Oscar-winning French actress Juliette Binoche. This year's Lifetime Awards of the […]
Established 17 years ago, the Netherlands-Hungarian Chamber of Commerce in Budapest (Dutcham) aims to facilitate the exchange of professional expertise and provide networking possibilities for Dutch companies operating in Hungary and for Hungarian f irms planning to enter the Dutch market. Dutcham’s key mission of providing a platform for Dutch and Hungarian companies to build […]
As European Union member states, the Netherlands and Hungary work closely on a wide range of issues that call for even more intensive dialogue. As NATO allies and EU partners, the two countries share the same values and have common interests – from promoting economic, military and political cooperation and working on a circular economy […]
The aluminum casting plant of the French automotive supplier GMD Group is now running on full capacity in Dorog, NW of Budapest. Its construction required an investment of over EUR 65 million, which made the plant the company's most modern and most efficient site in Europe. The investment was executed by GMD Cast Hungary (founded […]
Hungarian photographer László Francsics has been named the overall winner of Insight Investment Astronomy Photographer of the Year 2019 by the Royal Museums Greenwich. His bewitching image, 'Into the Shadow', depicts the 35 phases of the total lunar eclipse that occurred on January 21, 2019. The winner was praised by Ed Robinson, award-winning photographer, director, […]
