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Production at Diehl Aircabin Hungary Ltd. | source: Diehl Aircabin Hungary Ltd.

Diehl Aircabin investment in Hungary

D&T
Jun 23, 2017

German aviation industry supplier Diehl Aircabin is expanding its existing capacities in Nyírbátor, NE Hungary with an investment of EUR 120 million (appr. HUF 37 billion). the Hungarian government is providing HUF 1.38 billion in funding.

In the fountain at Széll Kálmán square in Budapest | Balázs Mohai/MTI

Heat alert in Hungary

D&T
Jun 22, 2017

A second-degree heat alert has been issued for Hungary by Deputy State Secretary Tamás Szentes, who also acts as Chief Medical Officer.The waring is effective to midnight next Monday based on a forecast by the National Meteorological Service.

President and CEO of Siemens Co. Ltd. Dale A. Martin speaking at the ceremony | Zoltán Máthé/MTI

New Siemens turbine blade plant expansion

D&T
Jun 21, 2017

Siemens expanding its gas and steam turbine blade plant at its Power and Gas plant facility in Budapest with an investment of EUR 32.5 million (some HUF 10 billion). The expansion is planned to create 150 new jobs for technicians.

| 123RF.com

Hungary's e-tail sector shifts into higher gear

D&T
Jun 20, 2017

Hungary’s online retail trade closed an excellent year in 2016. According to a report by eNET, Hungarian webshops generated HUF 427 billion (about EUR 1.39 billion) in turnover, more than 5% of the total national retail trade volume.

V4 summit in Warsaw | Szilárd Koszticsák/MTI

Hungary takes over V4 presidency

D&T
Jun 19, 2017

This Monday, following a meeting between the prime ministers of the Visegrád (V4) Group and those of the BeNeLux countries in the Polish capital, Warsaw, Poland officially handed over the presidency of the V4 group to Hungary.

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2nd Ganges-Danube: Cultural Festival of India

D&T
Jun 16, 2017

To further strenghten the bonds of bilateral cultural relations between India and Hungary, Embassy of India is organizing the cultural festival 2nd Ganges-Danube: Cultural Festival of India on June 24 and 25, 2017 in fourteen cities of Hungary.

Work at GE Power and Water in Veeseegyház

GE Veresegyház plant increases efficiency

D&T
Jun 14, 2017

General Electric is on its way to transform from a traditional industrial company (manufacturing machines and equipment) to a digital industrial company. Its Veresegyház factory enhances its production efficiency using its own digital technologies.

GE Lighting in Budapest | source: GE CEE

General Electric to sell some Hungarian units

D&T
Jun 12, 2017

General Electric (GE) has confirmed that it has started talks on the sale of its lighting branch. According to the company, the sale will affect most of the lighting division's plants in Hungary and about half of the local workers.

Market hall in Budapest | Sándor Laczkó

Hungary in OECD's Better Life Index

D&T
Jun 9, 2017

Hungary ranks above the average in work-life balance and education and skills in OECD's Better Life Index but below average in social connections, civic engagement, environmental quality, income and wealth, housing and many other issues.

CEU President Michael Ignatieff | Zoltán Balogh/MTI

CEU to stay in Budapest

D&T
May 30, 2017

CEU President Michael Ignatieff has announced that the university will continue in Budapest in the 2017-2018 academic year. The announcement comes as the future of CEU is uncertain due to legislation put through parliament by the Hungarian government.

ELI Szeged Laser Center | Károly Árvai/kormany.hu

EU Laser Research Center Opens in Szeged

D&T
May 26, 2017

The European Union's ELI-ALPS laser research center was inaugurated in Szeged, SE Hungary. The center's budget was HUF 70 billion (EUR 22.6 million), from which 85% was provided by the European Union’s Regional Development Fund.

Canadian Ambassador Isabelle Poupart | Dávid Harangozó

Interests and values

D&T
May 16, 2017

On the occasion of Canada marking the 150th anniversary of its Confederation, the Ambassador of the North American country to Hungary, Isabelle Poupart gave a extensive interview to the May issue of Diplomacy&Trade.

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