Germany's ThyssenKrupp concern inaugurated a new plant in Gyõr, Northwest Hungary, which was completed with an investment of HUF 1.2 billion (EUR 4 million). Vehicle manufacturing, especially German companies, plays a key role in Hungary industry.

Sales by Mercedes-Benz Manufacturing Hungary Ltd. were close to EUR one billion in its first partial year of production. According to company court data, only a fraction, EUR 2.5 million, was realized from the Hungarian market.

Located at the crossroads of Europe, Croatia has some 5,835 kilometers of coastline coupled with Mediterranean-style culture and food, not to mention seven UNESCO World Heritage sites, including the Old City of Dubrovnik and the Plitvice Lakes National Park.

Kristijan Sabo, the new Managing Director (MD) of Podravka International Ltd., is spending his first weeks in Hungary, learning about his new business environment. He talks to Diplomacy & Trade about the work that awaits him in this position.

This year, Corinthia Hotel Budapest commemorates the 10th anniversary of its reopening. A major series of celebrations are staged throughout the year, the latest event being the Open Day on May 26 during which the hotel can be visited by the general public.

As of this week, El Al Airlines of Israel flies its Budapest-Tel Aviv route once a week with a Boeing 747-400 aircraft. The first Jumbo Jet landed at Budapest airport this Tuesday. The same type of plane will fly this route for the next seven weeks.

A story of successes in the Balkans. That is how our author, Rudolf Sárdi describes this small country in the Western Balkans, based partly on his conversation with Delfin Pllana, Deputy Head of Mission at the Kosovar Embassy in Budapest.

The American company well-known for its Internet search engine, Google, has announced the Hungarian launch of Google Street View, an online service that offers panoramic street-level imagery taken throughout the country.

Germany's Knorr-Bremse Group, the world’s leading manufacturer for braking systems for rail and commercial vehicles, has laid the foundation stone of a new manufacturing and development base in Kecskemét, east-central Hungary.

Fornetti, the Hungarian bakery known for its on-the-spot baked products from frozen base material, has opened a shop in the UK capital recently. The Hungarian company has signed a master franchise agreement with its British partner.

The European Bank for Reconstruction and Development (EBRD) has named Hungary's former central bank Governor András Simor as Vice President for Policy. Reporting directly to the President, he will also be a member of the Bank’s Executive Committee.

Hungary-based real estate mammoth TriGránit Management Corporation (TGM) announced to have won the full Property Management mandate for South Sofia Ring Mall, a unique project housing various facilities, portfolio.hu reports.

Japanese car parts maker TS Tech Co. Ltd. is setting up a plant in Százhalombatta, south of the Hungarian capital, Budapest. The Hungarian subsidiary, TS Tech Hungary Ltd., is to be established with a capital of EUR 3 million.

The Travel exhibition, the biggest travel fair of Hungary, opened this Thursday at the Hungexpo fair site in the Hungarian capital, inviting visitors to get to know the attractions, the culture and gastronomy of several countries from the five continents.

A regional center in Budapest will be responsible for operations in Hungary, the Czech Republic, Slovakia and Croatia in the new European organizational structure of French food group Danone, the company said in a statement.