The first full week-end this May will see the third Food Truck Show Budapest in the Kincsem Park horse racing venue. The main is to present food trucks offering the best quality meals and drinks to the audience who can also enjoy several horse races.
German engineering giant Siemens and French automotive supplier Valeo will manufacture engines for electric and hybrid cars. The venture will be headquartered in Germany with facilities in China, France, Norway, Poland and Hungary.
International financial software developer firm Misys has partnered with Dorsum, an innovative investment software provider in Hungary, to integrate online brokerage functionality in its Misys FusionBanking Essence digital channels software
The Central and Eastern European region has achieved a significant improvement in its desirability as a logistics location. 8 sites from the region have successfully made it to the top 20 list of most popular European locations - a 100% increase since 2013.
Hungary's ADMATIS Ltd. has designed and procured mechanical and thermal equipments for a high resolution Multi-Spectral Imaging Instrument, such as brackets for electronics (with radiators), thermal shields and baffles for the satellite Sentinel 2.
German carmaker Daimler will invest a further EUR 250 million at its Mercedes manufacturing base in Kecskemét, east-central Hungary by 2018. The company will invest in technology developments as well as expand its production capacity.
27 types of wine from 19 producers in Hungary's historical wine production region Tokaj will go under the hammer at the 4th Grand Tokaj auction this April. All 27 are special items that cannot be purchased anywhere else currently.
Following last year, when several tourism indicators hit new highs, this year also promises to be a record-breaking one in Hungary: dynamic growth experienced in the number of tourism nights by domestic guests and arrivals by foreign guests have also picked up.
Budapest Airport says it has achieved a unique triple success as it won the title of 'Best Airport in the Eastern Europe region' for the third consecutive year. The award was handed over at the ‘Passenger Terminal EXPO’ in Cologne, Germany.
The SPAR supermarket chain has been present in Hungary for 25 years. Austria SPAR International AG purchased a Hungarian chain of stores in 1991. The national network is now of 32 hypermarkets, 349 supermarkets and 75 franchise stores.
The European Commission has opened infringement proceedings against Hungary over the ban on loss-making in the retail sector, in the form of a Formal Notice, arguing that it may restrict the freedom of establishment for businesses.
Hungary’s largest drugs producer, Gedeon Richter Plc., has announced that it bought out its Chinese partner, obtaining its outstanding 50% stake, further strengthening its presence in China, the Hungarian financial website portfolio.hu reports.
Hundreds of taxi drivers blocked roads in downtown Budapest to demand the banning of the Uber service that syphons away customers from them. They claim the Uber service is illegal as it does not conform to the requirements cab drivers must adhere to.
The number of visitors in Budapest’s thermal baths increased by 15% and revenue was up by 17% in 2015 compared to the previous year. As the operator had an operating profit in 2015 of around 2 billion forints, this opens up investment opportunities.
Hungarian travelers, investors, business people, and tourism professionals are among the target audience of the ASEAN Tourism Forum that takes place in Manila(January 18-25), as a cooperative regional effort to promote tourism to the 10 member states.
