Singapore is famous for its steady growth rate of GDP and a booming foreign trade. The country, often called "young tiger" has managed to evolve its exports from labor-intensive to high value-added products.

Singapore Airlines just recently has added a new class, more destinations and upgraded services. The national carrier has unveiled its new Premium Economy Class seats with new in-flight offerings available to customers.

Automotive component manufacturer PATEC is going to built a new plant in Miskolc. As part of a EUR 5 million project the company will establish a 15,000 sqm production facility which will create some 400 jobs in a region.

Asian expansion creates more business opportunity to the Hungarian based Cellum.
The mobile payment provider has just opened its newest subsudiary in Singapore and planes to capitalize on its strategic location in the region.

On a recent business tour to Singapore a group of Hungarian technological startups were given a chance to attract local venture capital firms and meet high ranking officials of the state administration. The feedback was positive, and preparations are now underway to make business deals in the upcoming months.

Singapore is a good place for Hungarian companies to make money locally and elsewhere in South-East Asia. Diplomacy&Trade asked Miklós Horváth, president of the Hungarian Foreign Trade Association (HFTA) how to prepare successful business deals in this city state.

As Singapore's Prime Minister from 1959 to 1990, Lee Kuan Yew, who died in March 2015 at the age of 91, presided over many of Singapore's advancements including independence from Malaysia in 1965.

Officials are preparing the next round of bilateral talks between Hungary and Singapore: Prime Minister Viktor Orbán is due to visit Singapore in October or November this year - Non-Resident Ambassador to Hungary Justice (Ret.) MPH Rubin told Diplomacy&Trade in June. He also spoke about Singapore’s legal system and gave a short summary of the political scope in his country.

'Although far away geographically, Singapore and Hungary have at least one thing in common: both want growth and stability' - says the Speaker of the Parliament of Singapore, Halimah Yacob in an exclusive interview with Diplomacy&Trade.

Hungarian teenagers continued the country’s great Olympic traditions by excelling at the First Youth Olympics held in Singapore. Hungarian athletes collected 6 gold, 4 silver and 5 bronze medals, finishing 8th on the medal table featuring 84 nations.