May 29, 2015 Friday
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Automotive industry
| May 26, 2015
Hankook completes expansion project in HungarySouth Korean tire maker Hankook has completed the third phase of a 313 million euro (HUF 4 billion) investment project in Hungary, in which it has expanded the production capacity of its local plant and added 950 jobs, portfolio.hu reports.
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Motion picture
| May 25, 2015
Hungarian film wins Cannes Grand PrixThe Holocaust drama ‘Son of Saul’ won the Grand Prix at the Cannes Film Festival this Sunday. It is the highest ever recognition of a Hungarian moview at the Cannes Festival. The movie, directed by László Nemes, also collected three other prizes.
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Chamber
Sándor Laczkó | May 22, 2015
A civilian engine of trade relationsThe Hungary-Japan Economic Club (MJGK) was founded in 1971 to assist with information, events and contacts (companies and individuals) interested in economic co-operation between Hungary and Japan and to aid in the improvement of those relations.
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Festival
Sándor Laczkó | May 20, 2015
Consumption in focus at the Italian FestivalMay 20 sees the start of the series of events called Italian Festival organized by the Italian Institute of External Trade (ICE) under the patronage of the Italian Embassy in Budapest and in collaboration with the Italian Cultural Institute.
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Diplomacy
Nándor Mester | May 19, 2015
More action to comeThe Nordic countries combined constitute the 5th largest economy in the EU and the 12th largest in the world based on GDP. All prefer to co-operate very closely and every one of those countries is more open to doing business than the OECD average.
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EU affairs
| May 19, 2015
EP debate on Hungary: fundamental rights and EU valuesThe situation in Hungary, following Prime Minister Viktor Orbán's remarks on the possibility of reinstating the death penalty there and the government’s public 'consultation' on immigration, were debated by European Parliament in Strasbourg this Tuesday.
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Consuls
Réka A. Francisck | May 18, 2015
The Ecumenical VentureAlbanian and Hungarian relations extend over centuries,” Albanian Consul of Honor Avnija Hafuzi says in a recent interview with Diplomacy & Trade. The businessman speaks about a charity project he is currently involved in.
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Advertising
| May 15, 2015
Hungarian government to tax ad leafletsAs a result of the amendment of legislation on the advertising tax, this levy is to generate more revenues than what the cabinet had previously estimated, the financial website portfolio.hu quotes local daily newspaper Népszabadság.
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Tourism
| May 14, 2015
Budapest - a Top 20 conference locationJust like last year, Budapest is ranked 17th in the world according to the International Congress and Convention Association (ICCA), which lists the number of international events complying with the organisation’s criteria. Hungary is 31st among the countries.
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Ambassadors in Budapest
| May 13, 2015
Taking cooperation furtherJapan and Hungary share common values such as democracy, rule of law, market economy, basic human rights, freedom of the press and the freedom of expression,” Japanese Ambassador Junichi Kosuge tells the Japan focus of Diplomacy & Trade.
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Demonstration
| May 12, 2015
Healthcare workers protest in BudapestThousands of healthcare workers demonstrated in Budapest late Tuesday afternoon to call the government's attention to their "humiliatingly low wages". As the website [origo] calculated, the net hourly wage for nurses is below the price of a Big Mac.
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Quote of the week
For us, the roots of democracy are always liberal, though not only. Our party CDU has three roots: Christian Democratic, liberal and conservative roots. That’s what makes us a people’s party...I don’t know what to do with the word 'illiberal’ in connection with democracy.
- Angela Merkel, German Chancellor
 
Interview
| May 16, 2015
Brands are crucial at PodravkaPodravka Group realized HRK 92 million net profit in 2014, mostly owing to strong growth of the profitable margins in the segments of food and beverages. The company is expanding in Hungary and taking further steps to strengthen its position in the Central European region.
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Refugees
| May 11, 2015
UNHCR concerned with Hungarian government planThe UN Refugee Agency speaks out against a growing expression of xenophobia in Hungary. It raises concerns over efforts by the Hungarian government to paint refugees as a threat to the country in leading questions asked in a so-called national consultation.
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Anniversary
| May 7, 2015
Budapest Airport 65th anniversaryIt was 65 years ago on this day that the new airport of the Hungarian capital commenced operation. On May 7, 1950, a Li-2 passenger aircraft flew to Ferihegy from nearby Budaörs Airport. This marked the beginning of civil aviation at Budapest Airport.
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Diplomacy
| May 7, 2015
United Nations conference in BudapestThe Hungarian Ministry of Foreign Affairs and Trade in Budapest hosted a conference on the occasion of the 70th anniversary of the formation of United Nations Organization and mark the 60th anniversary of Hungary's membership in the organization.
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Automotive industry
| May 5, 2015
New car sales up in HungaryThe 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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Economy
| May 14, 2015
A mild recovery is forecast for 2015, with growth set to reach 1% in 2016, spurred by EU-funded investments. Fiscal consolidation needs and limited structural reforms, however, continue to hold back potential growth. Employment is still expected to stagnate in 2015 - according to the analysis and forecast of the European Commission.
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Culture
| May 12, 2015
Optimus Plesni Klub was founded by Rade Janjic in 2008. The dance club’s goal is to train competitive couples at an international level and popularise competitive dancing in Croatia. The club is very successful and well-known, ancers regularly appear in the popular TV show, Dancing With the Stars (Ples sa zvijezdama).
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Banking
| May 11, 2015
Alexandre Lámfalussy, the Hungarian-born economist and banker known as one of the fathers of the common European currency, the Euro, and the head of the predecessor of the the European Central Bank, passed away less than a month after his 86th birthday.
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Elections
| May 8, 2015
The British Embassy in Budapest hosted a party Thursday night on the occasion of the general elections in the United Kingdom in the Embassy building. Guests were invited by the new Chargé d’Affaires of the Embassy, Theresa Bubbear.
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Charity
| May 6, 2015
A Charity Bazaar - presented by the Indonsian Trade Pomotion Center and the Indonesian Embassy in Budapest - will be held at the Hungarian capital's Millenáris Teátrum on May 8-9. Proceeds are to go to the Sóstó Zoo in Nyíregyháza, NE Hungary.
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Sports
| May 4, 2015
Some 2,000 fans celebrated in Székesfehérvár, SW of Budapest, the second football league title of local side Videoton this Sunday. Videoton won its week-end match while nearest rivals Ferencváros could only draw their match in Pécs.
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Demonstration
| May 1, 2015
In Budapest, the traditional venue for the May 1 celebrations is the City Park. This time, opposition parties held their celebration of the International Labor Day there and several trade unions held demonstrations against the current government"s labor policy.
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