The northeastern Hungarian town of Tiszaújváros hosts its 19th consecutive triathlon World Cup event in the framework of a triathlon festival between August 1 and 9. The World Cup is expected to be attended by some 200 competitors from 41 countries.

Ferrari driver Sebastian Vettel won the 30th Hungarian Formula One Grand Prix car race at the Hungaroring circuit in Mogyoród, just east of Budapest this Sunday. Red Bull's Daniil Kvyat finished second with team mate Daniel Ricciardo coming in third.

LogMeIn, a Hungarian born startup company has grown to become one of the world’s leading SaaS companies with over 800 employees in eight offices around the world. Its Budapest-office remains one of the most important development base.

In the early 1990s, market based privatization was the main incentive for foreign investment in Hungary. With privatization virtually complete, Hungary’s main focus in attracting FDI has increasingly shifted to products and services incorporating high value added elements. That is the case with the American investors as well.

Once the first Formula One Grand Prix beyond the Iron Curtain, the Hungarian GP is still special as it is one of the races (behind Monte-Carlo and Monza) to have continuously featured in the F1 calendar. Ths week-end Hungaroring hosts the 30th Hungarian Grand Prix.

George Hemingway is a self confessed opportunist, an autocrat – “a benign one” he quickly qualifies – but above all, a builder, not so much of buildings, though that, too with a new Bozsik stadium on the way, but of “organizations, businesses".

American technology has been leading the world for decades. Giants such as
General Electric (GE), Microsoft, Apple, HP and others have contributed much to the world and represent a huge added value. And spend billions of dollars for R+D and marketing to defy Asian competitors.

The Swiss-Hungarian Chamber of Commerce (SwissCham Hungary) has announced the composition of its new Board of Members and that of its new Board of Supervision. Dr. István Béres has been re-elected for another term as SwissSham Hungary President.

Growth prospects for the European economy are showing improvement in 2015, which creates greater business confidence in office tenants. This is already having an impact on the demand for offices, which increased by 4% year-on-year. The tightening supply of prime office space in Europe is causing prime rents to accelerate.

A crossing point over the river Tisza near the Hungarian city of Szeged was opened this Wednesday. The project - linking Hungary with Serbia - was in large part financed by the European Union. Two more crossing points on this border will open this month.

As the private investments' market heats up in Europe, owners of venture capital (VC) firms and private equity (PE) investors try to find good partners in Hungary too. Transactions happen every month and a good sign is that they happen not in the IT sector only but in the business products and services segment as well.

As a demonstration of further expansion into the American market, Hungary opened a trade house in New York in the early days of May. It will serve as a new gateway for Hungarian companies in the United States. Officials consider more offices to set up elsewhere in the country.

Hungary is the only member state of the European Union that has not commmitted itself to take refugees entering the EU in Greece or Italy. At the meeting of EU ministers of justice and home affairs, all other member states agreed to take a certain number of migrants.

Budapest Summer Festival presents 'Ooh La La,' the Night Revue Circus at the Margaret Island Open-air Stage. The joint production of the Open-Air Theatre, Bor Productions and MACIVA is staged on July 30 - August 1.

German coach Bernd Storck has been appointed as the manager of the Hungarian national football team. The move comes after German club Hertha BSC no longer allows its Hungarian head coach Pál Dárdai to command the national team also.