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, […]
Property market turnover in August was weaker than the usual, producing the weakest summer season of the past four years. Because of a strong year start, the complete data of the first eight months shows no major decrease when compared to previous years, according to the latest Duna House Barometer report.On the Buda side of […]
The number of smartphone users in Hungary is 5.3 million, which equals 89% of all internet users in the country. The number of people using a mobile internet connection has increased by 1.7 million to almost 4.5 million between 2017 and May 2019. The major role that smartphones play in our lives is proven by […]
Following a strategic overview started earlier this year, Swedish home appliances manufacturer Electrolux has decided to initiate a plan to improve efficiency throughout the Group. This Tuesday, the company also announced a plan to outsource parts of its current manufacturing in Hungary and invest in its Nyíregyháza refrigerator plant. The efficiency measures and redundancies related […]
ITU Telecom World 2019, the global tech event for governments, corporates and small- and medium-sized enterprises, opened its doors this Monday in the Hungarian capital to four days of exhibition, debate, networking and awards amongst some of the most influential names from across the information and communication technology (ICT) sector. Hosted by the Hungarian government, […]
METRO PROPERTIES, the real estate company of METRO AG, sold the real estate of 11 Cash & Carry stores in Poland, Hungary and Czech Republic in a sale-and-leaseback transaction. The portfolio has been acquired by FLE GmbH, Vienna, a subsidiary of the French LFPI Group, investing on behalf of an AIF regulated fund. The transaction […]
The Hungarian Oscar Selection Committee has announced that it will enter Barnabás Tóth’s 'Akik maradtak' (Those who remained), "a lyrical story of the healing power of love in the midst of conflict, loss and trauma”, to be considered for nomination in the next “Academy Awards - Best International Film” category. Having survived the camps, 42-year […]
This Friday, the National Bank of Hungary issues a silver collector coin with a face value of HUF 10,000 and a non-ferrous metal coin with a face value of HUF 2,000 in order to commemorate the 250th anniversary of the start of organized medical training in Hungary. This Friday, the National Bank of Hungary (MNB) […]
Members of the Hungarian Defense Forces who took part in patrolling the airspace of Estonia, Latvia and Lithuania for four months have returned home. The Hungarian soldiers served in the Baltic Air Policing (BAP) NATO mission, protecting the airspace of the three Baltic states from May. Hungarians fulfilled the mission for the second time since […]
As a second step of Bridgestone's EUR 29.5 million investment project, the Japanese company has raised the warehouse capacity of its factory in Tatabánya by 50%, which now exceeds 600,000 tires. In addition to building a new warehouse, the company has also increased its manufacturing capacity and modernized its artificial intelligence-based tire production machines. As […]
