Apart from the 2008 and 2009 crisis years, the volume of bilateral trade between Spain and Hungary has been on the rise since Hungary’s 2004 accession to the European Union and has more than doubled from that date. Even though the bilateral trade and investment figures of recent years are encouraging, there is ample room […]
With cooperation between Startup Campus and the Hungarian Export Promotion Agency (HEPA), three Hungarian startups made their appearance during the five-day intensive development tour of the Asia FinTech Roadshow, touching the forefront of global financial innovation in Singapore, Kuala Lumpur and Jakarta. Participating companies Brokerchooser, Péntech and Scolvo all returned home with hopes of long-term […]
Wallis Automotive Europe, a subsidiary of AutoWallis Plc., has obtained the exclusive importer rights of Jaguar Land Rover vehicles and spare parts in a new country, this time in Hungary. Based on the outcome of the international tender, Wallis Automotive Europe will start selling Jaguar and Land Rover vehicles in the Hungarian market from April, […]
The American Chamber of Commerce Hungary (AmCham), one of the strongest independent, self-sustaining, nonprofit organizations in the country and the region, celebrated its 30th anniversary on November 14 with a gala attended by 450 Hungarian and international investors, executives and decision-makers in the upper house of Hungarian Parliament. The Chamber was established in 1989 to […]
Big changes are expected in the mobile market - this was a promise made to competitors this past Wednesday night at Xiaomi's press conference in Budapest. The event was held on the occasion that the Chinese manufacturer is now entering the Hungarian market with an official representation office, hvg.hu reports. The manufacturer’s country manager for […]
As a result of the latest development of GlaxoSmithKline (GSK), the operations of its Hungarian factory in Gödöllő, east of Budapest have been extended to manufacture diphtheria and tetanus vaccine components for a new area of application. GlaxoSmithKline was established in 2001 by the merger of GlaxoWellcome, a company with a century-long history, and SmithKline […]
A KPMG smartphone application is now available for download, giving users first-hand insights on tax issues in any country in the world, as well as professional analysis and reports prepared by KPMG. KPMG Digital Economy Tax Tracker runs on iOS and Android, as well. Developed by KPMG Global Services Hungary Ltd., KPMG Digital Economy Tax […]
With its AI Knowledge Center Program, Microsoft Hungary launched a strategic partnership with Hungary’s top universities, Jean-Philippe Courtois, Executive Vice President and President, Microsoft Global Sales, Marketing and Operations announced. Within the framework of this collaboration, universities will develop high-utility applications based on artificial intelligence using cutting-edge Microsoft technologies. The strategic partnership between Microsoft and […]
István Gádor, the creator of modern Hungarian ceramics, will have his bequest auctioned at the BÁV Auction House and Pawnshop in Budapest within the framework of the 75th Art Auction. In addition to István Gádor's most accomplished pieces, the collection to go under hammer includes outstanding paintings and sculptures created by some of his friends, […]
The Independent Trade Union of Retail Workers (KDFSZ) has called on Budapest Mayor Gergely Karácsony to put forward a proposal limiting Sunday shop opening hours in Budapest, daily Magyar Nemzet reported. The trade union wants supermarkets with a floor area exceeding 400 square meters to be open only until 2 pm on the last day […]
Chinese audience will learn about the innovative side of Hungary at the second China International Import Expo (CIIE), said Balázs Hendrich, CEO of the Hungarian Export Development Agency (HEPA) in Shanghai at the opening of the Hungarian Country Pavilion, the Hungarian news agency MTI reports. In addition to the tourist attractions, investment environment and trading […]
Hungary’s fifth-generation (5G) network will be built by Huawei, Vodafone and Deutsche Telekom, new portal portfolio.hu reports, citing Minister of Foreign Affairs and Trade Péter Szijjártó. Hungary does not differentiate between companies based on their country of origin, Szijjártó said at the International Economic Forum organized in Shanghai. The U.S. government seeks to bar the […]
MOL today signed an agreement with Chevron Global Ventures and Chevron BTC Pipeline to acquire their non-operated exploration and production as well as mid-stream interests in Azerbaijan for USD 1.57 billion (subject to adjustments at closing), the Budapest-based company said in a press release. The deal includes a 9.57% stake in the Azeri-Chirag-Gunashli (“ACG”) oil […]
Central and Eastern Europe will play an increasingly important role in the European Union's economy in the future. The current technological changes can give the region additional impetus. These are the core statements made at an international conference in Budapest this Thursday. Organized by the ‘Netzwerk Digital’ initiative and the organization ‘United Europe’, the event […]
Hungarian-owned Eurotrade has inaugurated its 5-MW solar park in Környe, in north-western Hungary. According to the company's executive, Attila Szűcs, the HUF 1.6 billion (EUR 5m) investment, whose cornerstone was laid in April this year, was financed with the company’s own funds (30%) and a ten-year loan from the savings bank 'Takarékbank'. Eurotrade installed nearly […]
