News
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...
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...
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...
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...
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...
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...
Jun 06, 2016
Hungarian firm offers new lactose-free dairy products
Hard on the heels of Müller Dairies announcing an extension of doorstep milk delivery in the UK, a partnership between O-I, the world's leading glassmaker, and one of Hungary's leading dairy suppliers...
Jun 03, 2016
Egypt: Hungary to fund 700 train carriages in $1B deal
The deal includes 80 train carriages to be given to the Egyptian National Railways as a gift worth a 100 million euro-grant from Hungary. Egypt and Hungary have signed a letter of intent where Hungary...
May 31, 2016
Szechenyi Thermal Baths in Budapest wins prestigious award
It was named as the International thermal medical bath of the year. The International Medical Travel Journal (IMTJ) celebrates every year excellence in the medical industry in 21 categories. Jury pick...
May 27, 2016
Hungary: Employment growth hits new record
The number of people in employment has been nearing 4 million 300 thousand in Hungary, according to the latest job report of the Hungarian Central Statistical Office (KSH). In the period February-Apri...
May 24, 2016
Fitch Ratings returns Hungary to investment grade
Fitch Ratings returned Hungary to investment grade as it upgraded the sovereign to BBB- from BB+ with a stable outlook. Fitch is the first of the three major ratings agency to offer the country an esc...
May 20, 2016
Hungarian studio wins competition for new Budapest’s Museum
Hungarian architects Napur have won the international design competition to design the new Museum of Ethnography building in Budapest. The firm – who worked in collaboration with architects and design...
May 17, 2016
Rubik’s Cube competition – Magic in Pakistan
Hunor Bozsing says he got lucky eight years ago: searching for an old toy in his house in Budapest, instead he stumbled across a Rubik’s Cube – a twist of fate that launched him to international fame....
May 13, 2016
Bocuse d’Or: fantastic victory for Hungary
Tamás Széll from the Michelin-starred Onyx restaurant in Budapest, Hungary took gold in a result that was hugely popular with a vocal home crowd. His dish consisted of a leg of young deer grilled on c...
May 10, 2016
A great investor, a great friend of Hungary
Khalaf Ahmad Al Habtoor, chairman of the UAE-based Al Habtoor Group, was presented with state honours from the Hungarian government. The Hungarian Ministry of Foreign Affairs presented Al Habtoor with...