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Balaton Uplands | source: MasterCard Hidden Treasures

Balaton Uplands among the best places in Europe

D&T
Aug 7, 2017

Mastercard has compiled a list of 'Europe's hidden treasures' with Balaton Uplands, the area along the northern shore of Lake Balaton, Central Europe’s largest freshwater lake, in Western Hungary, making it to the list in position 15.

Vojvodjanska Banka branch in Panèevo

Hungary's OTP buys bank in Serbia

D&T
Aug 4, 2017

The Serbian unit of the largest Hungarian Bank OTP has bought the Serbian Vojvodjanska Banka from the National Bank of Greece for EUR 125 million. The deal also includes other Serbian units of the National Bank of Greece.

ALTEO’s wind power plant in the outskirts of Jánossomorja | source: ALTEO

New ALTEO projects in the pipeline

D&T
Aug 3, 2017

The Hungarian energy services firm ALTEO could launch new projects in a total value of close to HUF ten billion (some EUR 32 million): three power plants utilizing a total of 18.1 MW of solar power, and a 2 MW wind power plant.

A man cooling himself at the fountain on Budapest's Margaret Island | Noémi Bruzák /MTI

Extreme heat in Hungary

D&T
Aug 3, 2017

The Hungarian Meteorological Service (OMSZ) has warned that daytime highs could be around (or above) 40 degrees Celsius for the rest of the week, especially on Friday. Accordingly, a heat alert has been declared for the entire country until August 4.

MatthewPrickard at Syngenta | Syngenta

British expert to head Syngenta Hungary

D&T
Aug 2, 2017

As of August 1, Matthew Prickard took over as the General Manager of Syngenta Hungary, replacing Tibor Czigány who moves on to work in Syngenta's African division. Matthew Prickard arrived to Hungary from the firm's Scandinavian division.

| source: The Heineken Company

European consumers help Heineken sales increase

D&T
Aug 1, 2017

Heineken, the world’s second-largest brewery company, has published its results for the first half of 2017 and the numbers are quite good. Strong sales in Europe were the main reason including a double-digit growth in Hungary.

Old Hungarian banknotes | source: National Bank of Hungary

Two Hungarian banknotes out of circulation

D&T
Aug 1, 2017

The National Bank of Hungary (MNB) has warned that as of this Tuesday, only the new 2,000 and 5,000 forint banknotes will be accepted in stores. On July 31, the central bank has withdrawn from circulation old notes that had been issued before 2016.

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Success, passion and commitment

D&T
Jul 31, 2017

Grupo Iberostar, one of the most important Spanish companies in the world, celebrated 60 years of history. Six decades working with its customers and employees on a journey has positioned it at the forefront of the industry with hotels in 16 countries.

GKI economic sentiment index July 2017 | source: GKI

New economic sentiment index

D&T
Jul 31, 2017

GKI's economic sentiment index and the business confidence index have never been as high as now so far during its more than twenty years of history. The empirical survey was conducted by GKI with the support of the EU.

| Shutterstock.com

Industrial prices are up in Hungary

D&T
Jul 31, 2017

According to newly published figures by the Hungarian Central statistical Office, industrial producer prices as a whole were 1.5% higher in June 2017 than in the same period of the previous year. Domestic output prices increased by 3.2% on average.

Leier master ceiling | source: Leier Hungária

Leier expands Hungarian plant

D&T
Jul 28, 2017

Leier Hungaria Ltd., the Hungarian subsidiary of Austrian construction industry group Leier, is spending HUF 7 billion (EUR 23 million) on expanding its six Hungarian construction material plants, creating a hundred new jobs.

Apartment prices soar in Budapest

D&T
Jul 28, 2017

In 2016, the price of apartments for sale increased by 13% year on year, and the rise in new home prices also exceeded 10% in Hungary. During the first quarter of 2017, the price increase continued in the real estate market.

HübnerH Ltd. facility in Nyíregyháza | source: hubner-group.com

Hübner expands in Nyíregyháza

D&T
Jul 27, 2017

German-owned Hübner Ltd. will expand its vehicle industry production facility in Nyíregyháza, NE Hungary with an investment of HUF 3.4 billion (some EUR 11 million), quarter of which is provided as subsidy by the Hungarian government.

Hungarian defense minister at the Kiss József Helicopter Base | Károly Árvai /kormany.hu

Hungarian government to reinforce the army

D&T
Jul 26, 2017

“It is the Government’s decided goal to reinforce the Hungarian Defence Force, which guarantees Hungary’s security”, the Minister of Defence István Simicskó said at an event to mark the major refurbishment of the army’s fleet of Mi-17 transport helicopters.

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