The main reason the Korean company Samsung SDI chose Hungary as a base in Europe ten years ago was that Hungary has the advantage of competitiveness in its infrastructure (manpower, local material suppliers).
The main reason the Korean company Samsung SDI chose Hungary as a base in Europe ten years ago was that Hungary has the advantage of competitiveness in its infrastructure (manpower, local material suppliers).
Martin Gauss, chief executive of Hungarian airline company Malév, has tendered his resignation, the Hungarian State Holding Company (MNV) has announced on Tuesday. His departure is effective as of May 31.
““A lot has changed in the past three years since Diplomacy and Trade visited Hankook” says Sang Il Lee, managing director of Hankook Tire Hungary ltd. He proudly states that in 2010, the company exceeded the original target by over 10%.
Orders figures in the Hungarian construction industry are greatly disappointing, with no signs of a revival in the sector any time soon. Still, the 0.1% month-on-month contraction is an improvement compared to the 4.3% decline in December.
Terminals 2A and 2B of Budapest's international airport are now linked with a new building, SkyCourt. Airport management and the architects hope that the new building will enchant foreigners visiting the Hungarian capital.
From its inception as a small export business in Taegu, Korea, SAMSUNG has grown to become one of the world's leading electronics companies, specializing in digital appliances and media, semiconductors, memory, and system integration.
“We endeavor to provide our customers with the best products of smart technology in stylish design.” The words of the Managing Director (MD) of LG Electronics Magyar Ltd., Young W. Lee, well describe the mission of the Budapest-based company.
South Korea's HYUNDAI is now the world’s 5th largest car manufacturer. Zoltán Markó, the managing director of Hyundai Holding Hungary Ltd. proudly claims that 2010 was a good year for the brand, selling over 3.6 million vehicles globally.
Commemorating the achievements of one of the most important science fields of human kind, the UN decided to declare 2011 the International Year of Chemistry. To mark this program, a unique online chemistry knowledge base has been developed.
The mission of the Korean Business Office in Budapest is helping Korean companies interested in penetrating Hungarian market and connecting Hungarian buyers interested in Korean products and/or services.
Internet subscriptions in Hungary exceeded 3.3 million at the end of December last year, up an annual 5.8%, down from a rise of 21.3% in 2009, the country's Central Statistical Office (KSH) said on Monday.
‘Recovery from this recession is dependent on innovation. The time to invest is now’ - said the EU Commissioner for Innovation, and yet, looking at Hungary's place at SII, it is obvious that there is a great room for development.
The website of Antro, a revolutionary Hungarian car design company, is more and more popular since Time magazine listed the company's super-light electric vehicle as one of the 50 best inventions of 2010, the weekly Heti Válasz says.
The government plans to help make broadband internet available in the whole of Hungary as part of competitiveness-boosting and IT development measures, the state secretary for infocommunications announced on Monday.
Ticket sales by the Budapest public transport company did not increase in the past year despite a significant rise in fuel prices over the same period, the Hungarian business daily Napi Gazdaság reported on Tuesday.
