Mercedes’ new plant was inaugurated in Kecskemét, East Central Hungary, on Thursday in the presence of Prime Minister Viktor Orbán and Dr Dieter Zetsche, CEO of Daimler AG. The day also saw the start of the production of the new B Class models.

On the occasion of this week's Hungary-Latin America Forum in Budapest, Jaime Gornsztejn of the Brazilian Development Bank gave an exclusive interview to Diplomacy & Trade about the business opportunities Brazilian firms look for in Hungary.

New investors and Chinese-owned companies that are already active in Hungary but in different sectors show interest and can enter the local car parts production scene, the business daily Napi Gazdaság reported on Wednesday.

Budapest Airport, the operator of the Liszt Ferenc International Airport, will be closing down Terminal 1, spokesman Mihály Hardy said. After the collapse of the country’s national carrier Malév, Terminal 2 is sufficient to manage the reduced traffic.

Following an increase in the figures in January, the number of new passenger car registrations has grown in Hungary once again in annual terms in February, too, the financial website portfolio.hu quotes Datahouse data.

Finnish electronics giant Nokia has announced the lay-off of 2,300 people from its smartphone factory in Komárom, northern Hungary. The Hungarian Ministry of National Economy and Nokia will establish a workgroup to help the laid off workers.

Based on the Board of Directors’ decision, Hungary’s national airline ceased its operation to minimize its losses. According to the company's statement, after nearly 66 years of continuous operation, Malév aircrafts will not depart from 6 a.m. on February 3.

Three Hungarian companies and a consortium comprising three local enterprises have won frequency blocks in the 900 MHz frequency band in a tender for the country’s fourth mobile service provider. Winning bids total HUF 43.9 billion + VAT.

Under a government decree, Hungary’s state-owned airliner Malév is now classified as a company of key strategic importance as of 07 a.m. this Tuesday. This means the company has been taken under bankruptcy protection.

Hungary is the second safest country in the world regarding the storage of nuclear materials. That according to the Washington-based Nuclear Threat Initiative that has compiled a list after surveying hundreds of establishments all over the world.

Hungary-based real estate developer TriGránit has sold a majority stake in four of its Budapest buildings for some HUF 45 billion (EUR 148.12 m). The buyer is U.S.-based Heitman European Property that alreadyí bought Croatian assets from TriGranit.

Hungary's National Development Ministry and National Asset Management Agency (MNV) jointly announced that the the state has acquired controlling interest in the exchange-listed Hungarian automotive company Rába after a public tender.

The Business Class of Swiss Airlines has been awarded the title 'Best Business Class in Europe' at this year's World Travel Awards. Our travel expert, Tamás Varga took the Zurich-Chicago route to experience what this class has to offer.

As announced on Monday, the Hungarian unit of German carmaker Audi is to invest over HUF 2 billion (EUR 6.64 m) in a new vehicle development division in the northwestern Hungarian town of Gyõr. The new facility will create 70 jobs.

Golf is a great game: sometimes rewarding, sometimes frustrating but highly addictive. As the joke goes, “The man who takes up golf to get his mind off his work soon takes up work to get his mind off golf.”