Colombian painter and sculptor Fernando Botero has such a unique way of expressing himself that his pieces are instantly recognisable with his  extraordinarily dumpy creatures. Continue »

The expat community is uniting to help victims of the red mud catastrophe that hit western Hungary on 4 October, killing ten people and injuring more than 150 others when 700,000 cubic metres of toxic sludge deluged the area around Kolontár. Red Mudâ€?Aid, a benefit night of music and comedy will feature artists from Canada, Britain, Ireland, Reunion Island and Hungary.  Continue »

UNIQA Biztosító and its legal predecessor have been active on the Hungarian insurance market for 20 years. General director Othmar Michl, who has held the position for seven years, spoke to The Budapest Times about current challenges and the future of the company. Continue »

“For me the focus is always on people. I am happy when I can see that our employees have that sparkle in their eyes when they are working,” emphasises Frank Dreves even before the first interview question. “Anyone who knows me knows that is not just empty management speak. I live by it.” Dreves, board member for production of AUDI AG, spoke to The Budapest Times in connection with the celebrations of the 500,000th car produced at the Audi site in Gy?r and the fifth anniversary of tool manufacturing in Gy?r. We spoke about the future of the Gy?r site and of course about people and their passion for their work.   Continue »

The owners of the national commercial radio stations Sláger and Danubius plan to sue the Hungarian state for USD 50 million apiece through the World Bank’s International Centre for Settlement of Investment Disputes, the left-of-centre daily Népszabadság reported last week.  Continue »

The year-on-year euro value of both exports and imports rose 18% In September, with the trade balance in surplus by HUF 156 billion (EUR 570.89 million)… Continue »

The Hungarian affiliate of Erste Bank is planning to release 250 employees, or 9% of its workforce, before the end of the year, business daily Napi Gazdaság said last Wednesday. Continue »

Hungarian pharmaceutical manufacturer Egis posted an after-tax profit of HUF 2.8 billion (EUR 10.25 million) for Q3 of 2010 last Tuesday, exceeding analysts’ expectations of HUF 2.6 billion (EUR 9.52 million). Continue »

Oil corporate MOL has made a fifth discovery of oil and gas from its exploratory well in KPK Province, Pakistan, the company announced at Budapest Stock Exchange last week.  Continue »

German-owned car-parts manufacturer Kirchhoff Hungária is planning an EUR 11 million expansion of its Esztergom factory. Continue »