News

Daimler to invest $1.1bn in it’s second Hungarian plant

Jul 29, 2016

Daimler to invest $1.1bn in it’s second Hungarian plant

Daimler AG said it would build a new factory in Hungary to make Mercedes-Benz cars, giving a major boost to the local economy and raising the competitive pressure on the luxury automaker's established...

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Budapest is a promising market for property investors

Jul 26, 2016

Budapest is a promising market for property investors

 Despite the plunge in London house prices since the Brexit referendum and the 15 per cent devaluation of the pound sterling, the UK capital remains a very expensive place to buy a home. But there are...

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Szentkirályi Mineral Water founder looks for acquisition targets in region

Jul 22, 2016

Szentkirályi Mineral Water founder looks for acquisition targets in region

Mineral water magnate Levente Balogh, the founder of leading Hungarian brand Szentkirályi, aims to expand his business through acquisitions in the region, in alliance with Italy’s Pasquale family, bus...

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Share of forex debt falls below 30 percent in Hungary

Jul 19, 2016

Share of forex debt falls below 30 percent in Hungary

 In the month of June 2016, the share of forex debt within the total volume of state debt was down by 5 percent year-on-year. Positive fiscal processes have also been recognized in the latest analysis...

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China, Hungary eye faster progress in railway project with Serbia

Jul 16, 2016

China, Hungary eye faster progress in railway project with Serbia

Chinese Foreign Minister Wang Yi called for speeding up the Hungary-Serbia railway project and deepening cooperation in various fields, while meeting in the Mongolian capital with his Hungarian counte...

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Emirates flight to Budapest is all business travel should be

Jul 13, 2016

Emirates flight to Budapest is all business travel should be

The flight to Europe’s sixth-largest city was business travel as it ought to be – on time, comfortable and efficient, with plenty of room to work and relax- according to Peter Cooper, who travelled fr...

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Hungarian film wins main prize at Karlovy Vary film festival

Jul 10, 2016

Hungarian film wins main prize at Karlovy Vary film festival

The 50th Karlovy Vary International Film Festival closed with an awards ceremony on Saturday night. The Crystal Globe for best film went to the Hungarian film It's Not the Time of My Life, shot by the...

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Hungarian Investment Promotion Agency assists €1.33 bn investment

Jul 07, 2016

Hungarian Investment Promotion Agency assists €1.33 bn investment

In the first half of the year the Hungarian Investment Promotion Agency (HIPA) was involved in the launch of 38 investments in Hungary, with a combined value of €1.33 bn, state secretary Levente Magya...

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How to spend a perfect day in Budapest

Jul 04, 2016

How to spend a perfect day in Budapest

The largest city and capital of Hungary, Budapest is among the most scenic and stunning places I have seen. You can find tons to explore in Budapest, which is fitting for a place rich in history — fro...

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The Malta Tourism Authority increases its marketing efforts in Hungary

Jun 30, 2016

The Malta Tourism Authority increases its marketing efforts in Hungary

As part of its ongoing efforts to achieve further growth and greater diversification, the Malta Tourism Authority (MTA) has intensified its presence in Eastern Europe and is already registering positi...

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Hungary’s Eximbank to open credit line for Azerbaijan’s PASHA Bank

Jun 27, 2016

Hungary’s Eximbank to open credit line for Azerbaijan’s PASHA Bank

Hungarian Export-Import Bank Plc (Eximbank) plans to open a credit line for Azerbaijan’s PASHA Bank OJSC in the amount of $5 million, which will contribute to further development of cooperation betwee...

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Hungary seals banking peace deal

Jun 23, 2016

Hungary seals banking peace deal

The Hungarian Government has finally signed off on a deal to buy a 15% stake in the local unit of Erste Group, with the European Bank for Reconstruction and Development (EBRD) buying another 15%.The a...

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The booming real estate market in Budapest

Jun 20, 2016

The booming real estate market in Budapest

KGAL has purchased the Eiffel Square Office Building in Budapest, adding a prime asset in Hungary to its property portfolio. The purchase of the building from UK fund manager Europa Capital signals co...

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Air Canada inaugurates Toronto-Budapest connection

Jun 17, 2016

Air Canada inaugurates Toronto-Budapest connection

New route extends Air Canada Rouge's summer expansion in Central Europe. The arrival of the first flight AC1910 from Toronto -Pearson at Budapest Ferenc Liszt International Airport further extends Air...

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The Mongolian Ambassador delivers his credentials to Hungary

Jun 14, 2016

The Mongolian Ambassador delivers his credentials to Hungary

Newly appointed Mongolian Ambassador to Hungary Zeneemyadar Batbayar presented his credentials to Hungarian President János Áder. Following the ceremony, the sides shared their views on the upgrade of...

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