British Telecom came to Hungary in 1999 with the aim of planting roots in East Central Europe and providing service for its clients in this region, as well. Although, the structure and the products and services have changed since, this aim has not.
British Telecom came to Hungary in 1999 with the aim of planting roots in East Central Europe and providing service for its clients in this region, as well. Although, the structure and the products and services have changed since, this aim has not.
The change of the social, political and economic system in Hungary in the late 1980s and early 1990s and the subsequent privatization boom brought together the Hungarian ‘Ormai and Partners’ law office and the British legal firm McKenna.
On the Southern side of the Alps in East Tyrol, with the Italian border close by, the five-star Grand Hotel Lienz gleams glamorously. Although, the hotel only opened last year, it has already established a returning clientele.
German household products maker Henkel is moving glue production from Poland and England to a EUR 14.7m plant it is building in northwestern Hungary. The plant will start operating by 2012. It will be staffed by 80 people.
The exhibition Hoventa 2010 opens with new elements and the whole spectrum of the hotel and restaurant sector. This year, Hungexpo offers visitors new attractions and new themes.
The Fair Trade movement of marketing goods from underdeveloped countries and regions serves as a model for a web marketplace to be launched by the Hungarian Solidarity Club to support underprivileged people in Hungary.
German carmaker Audi will invest up to EUR 900 million to extend its production site in Hungary, creating 1,800 new jobs, Audi Chairman of the Board of Management Rupert Stadler and Hungarian Prime Minister Viktor Orbán announced at a press conference recently.
The Governor of the National Bank of Hungary (MNB), András Simor has been named ‘Central Bank Governor of the Year for Emerging Europe 2010’ by the Euromoney publication ‘Emerging markets’. He received the award in Washington, D.C. this past week-end.
The European Commission’s recently adopted initiative on building out and spreading fast and very fast broadband internet access has been welcomed by the Hungarian government.
Higher volume production of car engines, transmission units and tires, EUR hundreds of millions of investments and thousands of jobs – three foreign companies, already based in Hungary, have announced the increase of their capacities.
Hungarians may have to replace their cars en masse in a couple of years as more than three million aged cars roam the roads of Hungary. The latest Ernst & Young regional car industry report also suggests that the number of cars per capita in Hungary...
Despite the fact that charges by animal rights activists in the recent years cut exports noticeably, Hungary is still by far the most importer exporter of foie gras or goose liver. Now, the good news for the industry is that this year, they managed to increase prices.
Hungarian premier Viktor Orbán and the presidents of three other countries concerned have signed an agreement on the Azerbaijan-Georgia-Romanian Interconnector (AGRI) project which involves the transporting of Azeri natural gas through Georgia and Romania to Central Europe.
In the first half of 2010, Hungary hosted 160 international conferences that met the criteria of the International Congress and Convention Association (ICCA). The number of participants at these events was over 43,000.
Average speed for Internet access in Hungary is 12.58 Mb/sec, which puts this country into the world top 20. The list that continues to be headed by South Korea features several East European states in high positions.
