The Dutch flag carrier is celebrating its 100th anniversary this October amid turbulent times for the aviation industry. The airline will need to rely on its commitment to adapting to shifting operational trends and embracing new technologies if it is to celebrate its bicentennial anniversary. The Dutch propensity for traveling and exploring the farthest corners […]
Staying ahead of the game in the digital age requires constant innovation and a flexible mindset when it comes to business opportunities, says Imre Sztanó, Chief Executive Officer of NN Insurance Co. Ltd. in Hungary. The country’s largest life insurance provider relies on cutting-edge technologies and innovative organizational changes to hold on to its leading […]
The American company Arconic that specializes in lightweight metals engineering and manufacturing has announced that its Hungarian subsidiary, Arconic-Köfém Ltd., received the 2019 Chain Bridge Budapest Award. Launched in 2017, this prize is awarded each year by the Hungarian Investment Promotion Agency (HIPA) to the company that makes the greatest contribution to the development of […]
“The only constant is change, and it is inevitable, as the old adage goes,” says Dr. Sándor Erdei, a seasoned venture capital and foreign direct investment professional, who is the founder and Chief Executive of Dutch-Hungarian financial services provider DBH Group. The transformational power of digital technologies is uprooting the way people live, work, and […]
Established 17 years ago, the Netherlands-Hungarian Chamber of Commerce in Budapest (Dutcham) aims to facilitate the exchange of professional expertise and provide networking possibilities for Dutch companies operating in Hungary and for Hungarian f irms planning to enter the Dutch market. Dutcham’s key mission of providing a platform for Dutch and Hungarian companies to build […]
METRO PROPERTIES, the real estate company of METRO AG, sold the real estate of 11 Cash & Carry stores in Poland, Hungary and Czech Republic in a sale-and-leaseback transaction. The portfolio has been acquired by FLE GmbH, Vienna, a subsidiary of the French LFPI Group, investing on behalf of an AIF regulated fund. The transaction […]
German businesses settling in Hungary have been important players in Hungary in the three decades since the fall of communism and contributed to the creation of market economy in Hungary, Finance Minister Mihály Varga said at the jubilee celebration of Continental Automotive Hungary Ltd. established in 1989. The Finance Minister highlighted that the performance of […]
The U.S. State Department cleared more than USD 4.2 billion worth of potential weapons sales for Japan, South Korea, Hungary, Lithuania and Denmark, defencenews.com reports. Hungary is seeking to spend an estimated USD 500 million on 180 AIM-120C-7 advanced medium-range air-to-air missiles. The prime contractor will be Raytheon. The weapons will be used to support […]
Hungarian electric car sharing service GreenGo is entering the Czech market, offering the chance to environmentally-conscious drivers to use their cars in the Czech capital, according to a press statement by the company. Budapest-based GreenGo was the first service provider to introduce electric community driving in Eastern Europe at the end of 2016. Their fleet […]
Indian companies have invested close to USD two billion in Hungary over the past three decades, making the Asian country one of the most prolific sources of capital from the East. Diplomacy&Trade takes a look at the most significant corporate investments that hail from the subcontinent. The 2014 announcement of India’s Apollo Tyres, the world’s […]
An increasing number of businesses are implementing digital technologies in their daily business processes, driving demand for IT service providers that help their customers to bridge the digital gap, Prabal Datta, Head of Tata’s Global Delivery Center in Hungary says. A worldwide leader in IT services, Tata Consultancy Services (TCS) set up its Global Delivery […]
The largest agricultural trade exhibition and fair in Eastern Hungary is held between August 15 and 18 this year at the agricultural campus of the University of Debrecen with 300 exhibitors. Farmer Expo is one of the leading international agricultural and food trade fairs in Hungary, which, from the very first moment, purposefully seeks to […]
Hungary's Gablini Group signed an agreement with the luxury brand to open an Aston Martin salon in Hungary next May, state news service MTI reported. Hungary will be the first country in central and eastern Europe where the brand is available and the salon will serve the Slovenian, Croatian, Serbian, Romanian, and Albanian markets. The […]
Polish airline LOT will start operating direct flights to Seoul, Prague, Belgrade, Stuttgart and Sofia, Hungarian state news service MTI reported, citing Rafal Milczarski, LOT’s Chief Executive Officer. The new Seoul service, to be operated 3 times a week from 22 September, will be the first direct air connection between Hungary and South Korea, Milczarski […]
Service providers and construction companies are the most successful enterprises in the Hungarian SME sector whereas agricultural companies are struggling to cope in today's business environment, according to a study commissioned by UniCredit Bank and carried out by Inspira Research. Industrial enterprises have the highest business potential and their ratio within the SME segment remained […]
