Laos that has been named world's best tourist destination for 2013 by the European Council on Tourism and Trade. It’s natural beauties, gastronomy, and UNESCO World Heritage sites are attracting increasing number of tourists from Hungary, as well.

The BMW Group has been in contact with over 200 suppliers in Hungary and currently, it purchases different components directly from 54 active partners in the value of about EUR one billion. These companies employ in Hungary a total of appr. 10,000 people.

A total of 4,077 new dwellings were built in Hungary in the first nine months of 2013, 37% fewer than a year ago, the Central Statistics Office (KSH) has reported. The number of dwellings put to use decreased in all regions, only the capital city saw a 3% rise.

Kalegran Ltd, a subsidiary of the Hungarian energy group MOL, found discoveries in the Akri-Bijeel block to be commercial grade, at the Bijell-1 and Bakrman-1 wells of the block, located in the Kurdistan region in the northern part of Iraq.

A shop of products from India and other ‘exotic’ places, as well as a provider of Ayurvedic and Yoga services, in downtown Budapest caters to foreigners and Hungarians alike. It is also an 'institution' that helps attract Indian businesses to Hungary.

This November will see two automotive exhibitions in Budapest: the traditional ‘Autótechnika’ (of automobile service and maintenance) and the new ‘Automotive Hungary’ that covers manufacturing and the affiliated fields in Hungary.

Tata Consultancy Services’ first Global Delivery Center, the company’s first such operation outside India, was established in Budapest in August 2001. It was one of the IIndian companies supporting the India country focus section in Diplomacy & Trade.

Hungarian bus and truck manufacturer Rába has received another order from Sweden's Vinga Bus for five S91 buses, thanks to positive feedback on quality and operability on earlier exports to Sweden, Rába said in a stock exchange statement.

“There is no better proof of Peugeot’s imperturbability than that a small French firm, started more than 200 years ago, has grown to be a global concern,” the Managing Director (MD) of Peugeot Hungária, Gábor György Kutas points out to Diplomacy & Trade.

Groupama Garancia was one of the companies supporting the publication of the recent France country focus of Diplomacy & Trade. The CEO of the company, Yann Ménétrier talked about the company’s presence on the Hungarian insurance market.

Legrand, the world leader in the manufacturing of products and systems for electrical installations and information networks in terms of sales, has been present in Hungary for over two decades. A recent article published in Diplomacy & Trade.

Hungarian oil and gas company MOL says that if the company decides to sell its shares in its Croatian subsidiaryINA , it will consult with the Croatian government as a potential buyer. The issue is raised as MOL's CEO is wanted in Croatia for questioning.

E.ON has concluded an agreement to sell its 100% stakes in E.ON Földgáz Trade and E.ON Földgáz Storage to MVM Hungarian Electricity Ltd. The purchase price for both companies, including the assumption of debt, is around €870 million.

Cigarette sales have declined dramatically in Hungary, statistics published by the National Tax and Financial Control Administration (NAV) showed. In the meantime, there are more and more reports of illegal trading of tobacco in the country.

Danish medical supplies company Coloplast will expand its production capacities in Hungary over the next two years. "We're growing year by year and need therefore more space and more production capacity," said Coloplast CEO Lars Rasmussen in a statement.