Hungarian automotive group Rába has concluded an agreement with Germany’s Kirchhoff Group, It will supply components for western European passenger cars, generating annual sales revenues of HUF 500 million (EUR 1.66 million).
Hungarian automotive group Rába has concluded an agreement with Germany’s Kirchhoff Group, It will supply components for western European passenger cars, generating annual sales revenues of HUF 500 million (EUR 1.66 million).
President János Áder announced the date for the 2014 parliamentary elections in Hungary: Sunday, April 6. The opposition parties are not surprised as the MPs of the ruling party Fidesz had inadvertently dropped a word about it already.
The European Commission has not made any statement whether Hungary should have or should have not invited a tender for the construction of two new blocks for the country’s only nuclear power plant in Paks, a spokesperson of the EC pointed out.
Russia will lend up to EUR 10 billion to Hungary to help build two new units at the Paks nuclear power plant. This was announced after President Vladimir Putin agreed on a co-operation deal with visiting Hungarian Prime Minister Viktor Orbán.
A bomb exploded in the early hours on Monday at a bank in Budapest, demolishing the façade and smashing windows in the area but causing no injuries. Police said they were looking for a motorcyclist who drove off from the scene.
In 2014 and 2015, all Hungarian state institutions will use Vodafone as their mobile service provider. The net value of the framework contract is HUF 4.5 billion (EUR 15 million), three times higher as Telenor received for the previous two years of services.
Hungary-based TriGranit Management has established a new company in the United Arab Emirates, TGM Consultants (Dubai) FZ LLC, as part of its endeavour to actively pursue new property/facility management and leasing mandates.
The state-owned Hungarian Electricity Works (MVM) plans further rapid expansion after quick growth in recent years, more than doubling its revenue this year from 2010, the Chief Executive Officer of the company Csaba Baji told a press conference.
Hungarian Minister of Foreign Affairs János Martonyi paid an official visit to Chile between January 5 and 7 and reopened the Hungarian Embassy in Santiago de Chile. He also had talks with his counterpart and with the leaders of the Chilean Congress.
The Croatian capital, Zagreb saw the opening of a new Hungarian cultural institute this past week-end. The purpose of the new institute is to inform people in Croatia about Hungarian cultural and scientific achievements.
The Korean Trade-Investment Promotion Agency (KOTRA) established its Budapest office back in 1987, before the change of the social and economic system in this country. Its current director talked to Diplomacy & Trade in a recent interview.
Hungary’s general government consolidated gross debt at nominal value (or called the Maastricht debt) was 80.2% of GDP at the end of the third quarter of 2013, according to financial accounts data relesead by the National Bank of Hungary. (NBH).
In a series of personal rather official stories shared with the readers of Diplomacy & Trade by ambassadors accredited to Hungary, the Croatian Ambassador Gordan Grlic-Radman has written a diary about his visits around Hungary.
The Hungarian movie ‘The notebook’ submitted to the 86th Academy Awards ('Oscars') for Best Foreign Language Film has been short-listed to be among the nine finalists from which the final five nominees announced on January 16, 2014.
This winter has so far been unseasonably mild in Hungary. Daily heat records were broken again this Friday afternoon with over 12 degrees Celsius measured in Budapest and over 15 degrees in Békéscsaba in the southeast of the country.
