number of passengers next year to this year. Perhaps we will even see a slight increase. There are certainly some items of news that give reason for confidence, such as the return of SAS. We know of other airlines that are planning to expand their routes. On the other hand there are also imponderables. It’s… Continue »

The company Schenker & Co. was established in Vienna in 1872. Its first subsidiary was founded just two years later in Budapest. The German logistics firm adhered to that tradition when it was re-established in 1992 – at the end of November its Hungarian subsidiary celebrated its 20th anniversary. A prominent guest at the event… Continue »

The Hungarian subsidiary of IT giant Microsoft is being mooted by commentators as the next “strategic partner” of the Hungarian state, although no date has been given for signing the agreement. Microsoft would be the seventh large corporation to sign up with the country. English business school Just this week Prime Minister Viktor Orbán and… Continue »

The Győr-based Audi Hungaria Motor (AHM) Kft. is a unique success story. The members of the German Business Club (DWK) recently had the opportunity to hear its CEO Thomas Faustmann speak about the engine and vehicle factory and Hungary’s largest export company. Continual investment Before informing the audience about the impressive prospects of the factory,… Continue »

The Hungarian government and Daimler AG have concluded an extensive cooperation agreement, with Prime Minister Viktor Orbán and vice-president of external affairs for Daimler AG Martin Jäger signing the deal together in the Parliament building. The joint aim is to establish and strengthen the Kecskemét region as a centre of the national automobile industry in… Continue »

IT Services Hungary (ITSH) is the Hungarian subsidiary of the German T-Systems International and a major employer in the country: this autumn the company, which was established in 2006, appointed its 3,000th employee. The IT services provider, however, also scores well in qualitative terms. According to the results of two studies commissioned by ITSH and… Continue »

Defence Minister Csaba Hende has unveiled Hungarian-developed Unmanned Aerial Vehicles (UAVs, generally known as drones), saying they bring the Hungarian Defence Forces 21st-century reconnaissance capabilities. The drones can also be used for disaster control and emergency and rescue missions, and will play an important role in protecting soldiers serving abroad, Hende said on Monday while… Continue »

The 4,047 newly registered cars in October increased 15.3 per cent and in the first ten months of 2012 the number sold rose 16.2 per cent compared with the same periods in 2011, data published this week by automotive researcher Datahouse revealed. These numbers do not include other types of vehicles such as buses and… Continue »

The Várkertbazár (Castle Garden Bazaar), the building complex at the foot of Castle Hill beside the Danube River, will be renovated for HUF 8.16 billion (EUR 28.77 million) with project owner District I expecting 250,000 annual visitors once the refurbishment is completed in 2014. The project includes the renovation of the buildings and adjacent parks,… Continue »

Pharmaceuticals company Novo-Nordisk, which specialises in diabetes, has warned it will withdraw its insulin products from the pool of subsidised medical products available in Hungary from 1 January unless the government agrees to a fairer price for its drugs, according to government sources cited by daily Népszabadság on Saturday. Novo-Nordisk Hungária CEO Zsolt Józsa denied… Continue »