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Ford regional center in Szentendre

New car sales up in Hungary

D&T
May 5, 2015

The number of new car registrations jumped in Hungary by 21% year on year in April 2015, the financial website portfolio.hu quotes JATO Dynamics. The top-selling brand was Ford, as it took the lead in sales to businesses, with Suzuki on top among private buyers.

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Green Economic Forum

D&T
Apr 17, 2015

Addressing the challenges of the global economy's transition from the linear model to the circular economy, EuCham European Chamber is hosting the Green Economic Forum on May 11 in Budapest. Attending is free of charge for accepted registrants.

Vocational training in the Eötvös József Vocational school in Miskolc

Vocational training to increase in Hungary

D&T
Apr 9, 2015

The number of businesses involved in vocational training is set to rise from 7,000-8,000 to 20,000 in Hungary and the government says it will set up training centers in the capital and in major cities around the country from July this year.

The construction of the M4 motorway in Hungary | János Bugány / MTI

Motorway construction suspended in Hungary

D&T
Apr 1, 2015

Hungarian government ministers have ordered an immediate halt to construction of the section of the M4 motorway between Abony and Fegyvernek in Eastern Hungary as they claim the European Commission had raised concerns over suspected cartel activity.

| Dávid Harangozó

Bridging cultures

D&T
Mar 19, 2015

The Hungarian-Chinese Chamber of Economy (ChinaCham Hungary) celebrates 10th anniversary this year. On this occasion, the President of the organization, Ernõ Petõ was interviewed for the recent China country focus section of Diplomacy & Trade.

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Business Integrity Forum 2015

D&T
Mar 12, 2015

The Budapest-based EuCham Central and Eastern Europe - in cooperation with Transparency International Hungary - organizes its Business Integrity Forum in the Hungarian capital on March 23 on the importance of compliance and integrity in business.

Managers of the Year (from left to right): Dr. Ágnes Fábián

Managers of the Year

D&T
Mar 3, 2015

The Hungarian Association of Executives, which celebrates its 25th anniversary, handed over the Manager of the Year, the Young Manager of the Year and the Leadership Excellence awards on February 28 during the 21st Executive Ball and Awards Gala.

Max Schnellmann | Dávid Harangozó

Tangible and sustainable benefits

D&T
Feb 26, 2015

In its recent country focus on Switzerland, Diplomacy & Trade included a piece on the role, the objectives and achievements of the Swiss Contribution Program in Hungary. The main aim of the Program is to reduce economic and social disparities.

István Béres | Dávid Harangozó

A chamber with innovation and creativity

D&T
Feb 13, 2015

This year, the Swiss Chamber of Commerce in Hungary (SwissCham) celebrates the 20th anniversary of its foundation. In the recent Swiss Focus of Diplomacy & Trade, the President of the organization talked about the past two decades and the years to come.

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Harnessing opportunities

D&T
Jan 20, 2015

The Canadian Chamber of Commerce in Hungary (CCCH) that celebrated its 20th anniversary in 2013 promotes business for both Canadian and Hungarian companies. Diplomacy & Trade has recently carried this interview with its President, Nicholas Sarvari.

The President of the German-Hungarian Chamber of Industry and Commerce (DUIHK)

Professional advisors in a challenging environment

D&T
Dec 22, 2014

The Deutsch-Ungarische Industrie- und Handelskammer (German-Hungarian Chamber of Industry and Commerce – DUIHK) looks back at a history of over two decades. Diplomacy & Trade carried a recent interview with the President of the Chamber, Dale A. Martin.

Shopping ban in Hungary | source: moms2bee.blogspot.com

Ruling parties ban Sunday shopping in Hungary

D&T
Dec 16, 2014

Representatives of the ruling party Fidesz and its small satellite partner Christian Democrats voted this Tuesday to prohibit large-size retail shops from opening on Sundays. No impact study has preceded the ban that is believed to be leading to layoffs.

GKI-Erste economic sentiment index 2008-2014 | Source: GKI economic research institute

Slight decrease in economic sentiment index

D&T
Nov 23, 2014

Compared with its very high October value, the GKI-Erste economic sentiment index adjusted for seasonal effects decreased slightly in November. Expectations remained unchanged in the business sector, whereas they declined among consumers.

| Dim Dimich/Shutterstock.com

Hungary's debt close to all time high

D&T
Aug 18, 2014

Hungary’s gross general government debt was 85.1% of gross domestic product at the end of the second quarter of 2014. It is believed to be related to the peculiar course in Hungary’s debt financing and a correction of the end-2013 doctoring of debt figures.

Cauliflower harvest in Tömörkény

Russian embargo: negligible effect on Hungary

D&T
Aug 12, 2014

The Hungarian Ministry of Agriculture says direct effects of the Russian measures on Hungarian agricultural exports are negligible, and primarily cause actual difficulties only to enterprises that export exclusively or to a major extent to Russia.

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