Russia’s International Investment Bank, which relocated its headquarters to Budapest in April, expects its loan portfolio to exceed EUR 1 billion by the end of the year, executives of the bank said at a press conference. The bank’s loan portfolio expanded by 11% in the six months since moving to Hungary and the value of […]
Hungary's currency, the forint weakened to a new historical low against the euro this morning with the exchange rate reaching HUF 337.24/EUR on the interbank market. The Hungarian currency has depreciated by 2.5% over the past month and by 5% since the beginning of the year. The US dollar is currently close to 306 forints, […]
Compañía Auxiliar de Ferrocarriles S.A. (CAF) was established in 1917 primarily as a manufacturer of freight wagons. However, the company’s beginnings date back to 1892, when the production of wagons started in Beasain in Basque Country and to 1897 with the manufacturing of tramways in Zaragoza, Aragón. Over the past century, the company has grown […]
The Campeonato Nacional de Liga de Primera División (LaLiga), or the top division of the Spanish football championship, is one of the most popular soccer competitions among Hungarian sports fans. Elisa Alvarez Martin, LaLiga’s representative for Hungary and the Balkans seeks to boost the popularity of the championship in this part of the continent. Elisa […]
9% net sales growth, nearly HUF 10 billion export sales, 37% export ratio – these are the main numbers characterizing the business results of Hungary’s ANY Security Printing Company PLC. In the first nine months of 2019, according to a report published on the website of the Hungarian Stock Exchange where the company is listed. […]
Hungarian business researcher András Tilcsik is the recipient of the Strategy category of this year's Thinkers50 Awards dubbed by the Financial Times as 'the Oscars of Management Thinking'. Tilcsik was recognized for his book 'Meltdown: Why Our Systems Fail and What We Can Do About It', written together with American Chris Clearfield. András Tilcsik is […]
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, […]
