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BMW to launch dual training in Debrecen

BMW to Launch Dual Training in Debrecen

Jul 22, 2019

The Bavarian premium brand has signed a cooperation agreement with two Debrecen vocational schools. BMW Group is launching a dual vocational training program at the BMW plant in Debrecen, northeastern Hungary from September 2021, based on a model that has already proved successful in Germany . The Bavarian company and the Debrecen Vocational Training Center, […]


Vodafone Gets EU Go-Ahead to Purchase UPC Hungary

Jul 18, 2019

European Commission Clears Vodafone's Bid to Buy Liberty Global Units The European Commission granted approval for Vodafone to acquire Liberty Global's cable business in Czechia, Germany, Hungary and Romania in exchange for full compliance with commitments previously undertaken by Vodafone. As a result, the U.K.-based telecommunications giant will become the new owner of UPC Hungary. […]

MOL Bubi

Google Maps to feature Budapest in Real Time Bike-Sharing App

Jul 18, 2019

Budapest Bike-Sharing Data to be Available in Google Maps Google is launching a new service in 25 cities worldwide, including the Hungarian capital, showing users the exact location of bicycle-sharing docking stations, reported. The service, offered by Google’s Map function, will also provide real-time information on the number of available bikes in a particular […]

Barceló Budapest

New Barceló Hotel Opens in Budapest

Jul 17, 2019

Budapest hotel offering sees new unit Spain’s Barceló Group opened its first four-star hotel in downtown Budapest, state news service MTI reported, citing the developer company Sunbelt Group. Barceló operates more than 250 units in 22 countries worldwide. The Barceló Budapest, which was developed at a cost of close to EUR 46 million, has 5 […]

MOL Limo

Mol to Boost Electric Car Fleet in Budapest

Jul 16, 2019

Hungarian energy company Mol will expand its community car sharing service Mol Limo with 50 new electric cars from the middle of July, state news service MTI said. The new 20 Smart EQ fortwo and 30 forfour models are smaller and easier to park. Following the expansion, the number of available cars will rise to […]

T-Systems headquarters, Budapest

T-Systems Hungary to Be Acquired by 4iG

Jul 15, 2019

Magyar Telekom, the leading Hungarian telecommunications service provider, has announced that it has signed Heads of Terms with Hungarian company 4iG about the sale of its fully-owned subsidiary T-Systems Hungary, which offers a full range of ICT solutions. Under the Heads of Terms, 4iG will purchase all the shares of T-Systems by the close of […]

Toray Industries President Akihiro Nikkaku at the announcement in Nyergesújfalu, NW Hungary

Another Major Toray Investment in Hungary

Jul 12, 2019

Japanese firm Toray Industries is boosting its operations in Hungary by investing more than EUR 407 million in the construction of a new plant in Nyergesújfalu, a town on the River Danube, northwest of Budapest. The new unit will manufacture separator films for lithium-ion batteries from the second half of 2021. Toray first came to […]

Kevin A. Murray, Citibank

Keeping the Floodgates Closed

Edith Balázs
Jul 9, 2019

The short-term outlook for the banking industry in Central and Eastern Europe is reassuring, but the financial industry has grown more cautious with respect to lending despite a supportive macroeconomic and industry backdrop, Kevin A. Murray, Chief Executive Officer for Central Europe and Country Head for Hungary tells Diplomacy&Trade. In recent years, countries in Central […]

'For a Sustainable Future' prize

Prize for a Sustainable Future

Jul 4, 2019

The Business Council for Sustainable Development in Hungary (BCSDH) has announced the ‘For a Sustainable Future’ prize in 2019, with the purpose of recognizing the achievements of leaders and companies on advancing Sustainable Development Goals (SDGs). In the 'Leading Women' category, BCSDH is looking for an outstanding female leader in a company who is working […]

Opening the Center for University-Industry Cooperation in Győr

Center for University-Industry Cooperation

Jun 26, 2019

The construction of the first Center for University-Industry Cooperation (FIEK) of Hungary has been completed in Győr. The new complex implemented with the cooperation of Audi Hungaria, Széchenyi István University (SZE) and the Municipality of Győr, will be transferred into the possession of the teachers and students in order to work on joint research and […]

HIPA President Róbert Ésik at the ExxonMobil commemoration

ExxonMobil: 15 years in Hungary

Jun 21, 2019

ExxonMobil expressed its thanks to its partners and oldest colleagues for the past fifteen years' achievements in Hungary in the framework of a ceremonial event. The Budapest business service center of the US-based company, whose employee number has grown five-fold since its opening in 2004, mainly provides financial and controlling assistance to the parent company, […]

TLC machine

EUR 30 Million TLC Investment in Litér

Jun 20, 2019

TLC Kft., which belongs to the German Sennebogen company, is building a new plant in Hungary. As an expert in welded heavy steel structural component production, TLC is investing more than EUR 30 million in capacity expansion and machinery modernization, which will also involve the creation of 80 new jobs. The Germany-based family-run business of […]

Wizz Air Airbus A321

Wizz Air Expands Its Fleet Further

Jun 20, 2019

Wizz Air, the largest low-cost airline in Central and Eastern Europe, has announced that, as part of the Indigo Partners deal, it has signed a memorandum of understanding with Airbus S.A.S. relating to exercising a part of its existing options for the purchase of twenty Airbus A321XLR aircraft. The present order will be delivered over […]

Qatar Airways Sky Trax 2019

Qatar Airways Wins Four SkyTrax Awards

Jun 18, 2019

Qatar Airways has won four prestigious prizes at this year’s 2019 Skytrax World Airline Awards, including the highest accolade of ‘World’s Best Airline’ – becoming the only airline in the competition’s history to win it five times (2011, 2012, 2015, 2017 and 2019). The airline has been named ‘Best Airline in the Middle East’ for […]

Solar Panels

Chinese Firm to Start Huge Solar Park in Hungary

Jun 16, 2019

The China National Machinery Import & Export Corporation (CMC) is to build the largest solar park of Central Europe in Kaposvár, SW Hungary, the Hungarian Ministry for Innovation and Technology (ITM) has announced. The total cost of building of the almost 100 MW solar power plant is estimated at HUF 32 billion, which is close […]

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