Hungarian families decorate pine trees into Christmas trees to be ready by the evening with presents under it. In Hungary, Christmas is a two-day festive event (December 25 and 26) and is now less of a religious holiday but that of the family.
Hungarian families decorate pine trees into Christmas trees to be ready by the evening with presents under it. In Hungary, Christmas is a two-day festive event (December 25 and 26) and is now less of a religious holiday but that of the family.
In the lack of comprehensive information about Italian economic presence in Hungary, Italian businessman Alessandro Farina, with excellent connections in the Italian community here, helped create a database lists over 2,300 Italian businesses in this country.
The Director of the Center for International Business (CIN) of the Federation of Industries of Rio de Janeiro (FIRJAN), Mr. Amaury Temporal, visited Budapest, from December 14th to 17th, to promote trade and investments opportunities
The Aviation Authority has launched administrative proceedings to investigate the circumstances of a technical fault that forced Liszt Ferenc International Airport to shut down on December 7 from noon on Friday till Saturday morning.
Flextronics International, the largest electronics manufacturing services provider in Hungary, has announced the layoff of 1,100 employees from its Zalaegerszeg plants. The staff cut starts on Monday and takes place in three stages.
Hungarian Prime Minister Viktor Orbán and E.ON Chairman-CEO Johannes Teyssen have signed a letter of intent, which states that state-owned energy firm MVM will buy the German utility company's gas trading and storage units located in Hungary.
The volume of Hungary’s retail sales declined by 0.4% month on month in September, which marks the continuation of this year’s forlorn trend. The sector suffered the biggest contraction of the past two and a half years in the third quarter.
Ratings agency Standard & Poor's (S&P) has downgraded Hungary from BB+ to BB, while keeping stable outlook for the country's debt. The Hungarian currency started to weaken but the Hungary dismissed the downgrading as a “hollow measure”.
The number of Hungarians studying abroad under the Erasmus student exchange project in the 2011/2012 academic year increased by about 4.5% compared to the previous year. the numbers have been steadily rising over the past years.
French vegetable producer Bonduelle has built a new, 5,000-square-metre warehouse in Békéscsaba, southeast Hungary, in a EUR 1.5 million investment project. The company says it has further investment plans lined up.
The International Monetary Fund (IMF) and the European Commission will wait for the approval of the 2013 budget and then there could be further development in the current negotiating stage, Hungary’s chief aid negotiator Mihály Varga said this Tuesday.
A recent issue of Diplomacy & Trade has run a piece on the Japanese organization SHOKOKAI in its Japanese country focus section. The organization is exchanging information that can be useful for the management of the Japanese companies present in Hungary.
The number of foreigners living in Hungary for a longer period of time has increased by nearly 50%, from 142,000 to 205,000, since Hungary joined the European Union in 2004, the Hungarian business weekly HVG published this Thursday.
A Hungarian court sentenced Croatian Deputy Prime Minister Radimir Cacic to one year and ten months in prison on Wednesday. Cacic, 62, received the sentence in absentia for causing a fatal road accident in which two people died in Hungary in 2010.
Hungary offers a total of 87 investment opportunities in various sectors including 35 in tourism, 17 in renewable energy, 15 in IT and telecommunications to Arab investors at the 1st Arab Hungarian Economic Forum held in Budapest November 12-13.
