Thousands of Indians are coming to Budapest each year on corporate incentive tours, encouraged and welcomed by the Budapest Marriott, whose General Manager Rick Enders has even adapted his kitchen for the curry consuming guests. It’s helping to build a social bridge between the cultures.
“How does a country that up until 25 years ago did not even know what the global market was, make a hit internationally in the wine business?” the question bursts out of me the moment I meet Nimród Kovács, whose great mission is to put Hungarian wines on the world stage.
In June 2015, more than 1 million guests spent 2.5 million tourism nights at Hungarian accommodation establishments. The number of guest and tourism nights grew by 6.7% and 4.9%, respectively, year-on-year. Occupancy ratios also increased.
There is no better start to an interview than the interviewee asking a question to the interviewer. It instantly provokes a vibrant, open minded and straight forward atmosphere. This is exactly what occurred when D&T sat down to interview Dror Harel, country manager of Air France KLM in Budapest.
On a recent business tour to Singapore a group of Hungarian technological startups were given a chance to attract local venture capital firms and meet high ranking officials of the state administration. The feedback was positive, and preparations are now underway to make business deals in the upcoming months.
Singapore is a good place for Hungarian companies to make money locally and elsewhere in South-East Asia. Diplomacy&Trade asked Miklós Horváth, president of the Hungarian Foreign Trade Association (HFTA) how to prepare successful business deals in this city state.
Hungarian frozen bakery products company Fornetti has been bought by Switzerland’s Aryzta for an undisclosed sum, the financial website portfolio.hu reported former Fornetti managing director József Szabó as saying. Aryzta is to invest into Fornetti EUR 1 mn this year.
More than just superficially trendy, Hungary is trending – that’s the phenomenon when a topic in online and social media or a stock on the sharemarket shows high levels of public interest and activity.
Engineers at the Center for Budapest Transport (BKK) have assembled the world's largest tram produced by the Spanish company CAF in Beasain, in the Basque Country province of Spain. Budapest ordered 12 of these 56-meter-long Urbo models.
From young program coordinating producer on The Tonight Show With Jay Leno in Los Angeles to owning and running the iconic, 101 year old Déryné Bistro and Grill in Budapest, is not an average career path. Nor is 41 year old Kristóf Kovács an average sort of tv producer or indeed restaurateur.
Budapest Airport has welcomed its one millionth passenger in a single month, for the first time in its history. Tamás Hadik and his wife, from the Qatar Airways flight from Doha, were in for a special surprise as the passenger count reached 1,000,000 in July.
"I came back from the US to Hungary with a business plan for an IT company, and it is highly satisfying to see that idea now a thriving business with almost 100 employees." says Peter Freed, founder of Duna Elektronika.
LogMeIn, a Hungarian born startup company has grown to become one of the world’s leading SaaS companies with over 800 employees in eight offices around the world. Its Budapest-office remains one of the most important development base.
In the early 1990s, market based privatization was the main incentive for foreign investment in Hungary. With privatization virtually complete, Hungary’s main focus in attracting FDI has increasingly shifted to products and services incorporating high value added elements. That is the case with the American investors as well.
George Hemingway is a self confessed opportunist, an autocrat – “a benign one” he quickly qualifies – but above all, a builder, not so much of buildings, though that, too with a new Bozsik stadium on the way, but of “organizations, businesses".
