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New Flight Between Hungary & China is “of Extraordinary Importance”

New Flight Between Hungary & China is “of Extraordinary Importance”

The new Ningbo-Budapest flight operated by Shanghai Airlines is “of extraordinary importance” in view of the war in Ukraine, Tamás Menczer, state secretary at the foreign ministry, told a ceremony at Budapest’s international Liszt Ferenc Airport marking the departure of the first flight late on Monday.
Deal Signed for New Hungary-Serbia Oil Pipeline - Most Important Agreement Between the Two Countries Ever?

Deal Signed for New Hungary-Serbia Oil Pipeline - Most Important Agreement Between the Two Countries Ever?

With a view to boosting energy security, an agreement has been signed on building a new oil pipeline between Hungary and Serbia, and a regional JV natural gas trading company will be set by MVM and Srbijagas, Foreign Minister Péter Szijjártó said in Palić, in northern Serbia.
Down Market: Demand for Real Estate in Hungary Falls 42% y.o.y.

Down Market: Demand for Real Estate in Hungary Falls 42% y.o.y.

Nationally, the demand for real estate for sale decreased by 42% on an annual basis between January and May.
Top 10 Districts for Expats to Live in Budapest

Top 10 Districts for Expats to Live in Budapest

  • 19 Jun 2023 3:47 PM
  • property
In terms of location and attractions, the most popular neighbourhoods for expats to live in Budapest are Districts V, VI, VII and XIII in Pest, and Districts I, II, XI and XII in Buda.
Green Light to “Put Hungarian Research Into an International Orbit” Given by Parliament

Green Light to “Put Hungarian Research Into an International Orbit” Given by Parliament

Parliament on Tuesday voted to give the green light to a new national innovation strategy dubbed the Neumann János Programme, aimed at facilitating links between universities, research institutes, and the economy.
Japanese Auto Industry Player to Soon Spend HUF 25 Billion in C Hungary

Japanese Auto Industry Player to Soon Spend HUF 25 Billion in C Hungary

Japanese automotive industry supplier DENSO will spend 25 billion forints (EUR 67.9m) on capacity expansion at its base in Székesfehérvár, in central Hungary, creating 55 jobs, Péter Szijjártó, the minister of foreign affairs and trade said. 
Rolls-Royce Making HUF 6.9 Billion Investment in Hungary

Rolls-Royce Making HUF 6.9 Billion Investment in Hungary

Industrial technology company Rolls-Royce is investing 6.9 billion forints (EUR 18.6m) in a research and development project in Hungary, Péter Szijjártó, the minister of foreign affairs and trade said.
15 Year Wait: Protest at Outskirts of Budapest Calls for Extension of M0 Motorway

15 Year Wait: Protest at Outskirts of Budapest Calls for Extension of M0 Motorway

Motorists staged a warning demonstration near Budakalász, on the outskirts of Budapest, demanding that the government speed up the planning of the extension of the M0 motorway’s northern section. Participants at the demonstration organised by the 2011 Association of Environmental and Value Protection blocked the exits on the motorway towards Budakalász and Szentendre with more than 20 cars ...
OECD Lowers Forecast for Hungary's GDP to Zero

OECD Lowers Forecast for Hungary's GDP to Zero

The OECD lowered its forecast of Hungary’s GDP in 2023 to 0.0% in its biannual Economic Outlook published.
New Flight Between Hungary & China is “of Extraordinary Importance”

New Flight Between Hungary & China is “of Extraordinary Importance”

The new Ningbo-Budapest flight operated by Shanghai Airlines is “of extraordinary importance” in view of the war in Ukraine, Tamás Menczer, state secretary at the foreign ministry, told a ceremony at Budapest’s international Liszt Ferenc Airport marking the departure of the first flight late on Monday.
Deal Signed for New Hungary-Serbia Oil Pipeline - Most Important Agreement Between the Two Countries Ever?

Deal Signed for New Hungary-Serbia Oil Pipeline - Most Important Agreement Between the Two Countries Ever?

With a view to boosting energy security, an agreement has been signed on building a new oil pipeline between Hungary and Serbia, and a regional JV natural gas trading company will be set by MVM and Srbijagas, Foreign Minister Péter Szijjártó said in Palić, in northern Serbia.
Down Market: Demand for Real Estate in Hungary Falls 42% y.o.y.

Down Market: Demand for Real Estate in Hungary Falls 42% y.o.y.

Nationally, the demand for real estate for sale decreased by 42% on an annual basis between January and May.
Top 10 Districts for Expats to Live in Budapest

Top 10 Districts for Expats to Live in Budapest

  • 19 Jun 2023 3:47 PM
  • property
In terms of location and attractions, the most popular neighbourhoods for expats to live in Budapest are Districts V, VI, VII and XIII in Pest, and Districts I, II, XI and XII in Buda.
Green Light to “Put Hungarian Research Into an International Orbit” Given by Parliament

Green Light to “Put Hungarian Research Into an International Orbit” Given by Parliament

Parliament on Tuesday voted to give the green light to a new national innovation strategy dubbed the Neumann János Programme, aimed at facilitating links between universities, research institutes, and the economy.
Japanese Auto Industry Player to Soon Spend HUF 25 Billion in C Hungary

Japanese Auto Industry Player to Soon Spend HUF 25 Billion in C Hungary

Japanese automotive industry supplier DENSO will spend 25 billion forints (EUR 67.9m) on capacity expansion at its base in Székesfehérvár, in central Hungary, creating 55 jobs, Péter Szijjártó, the minister of foreign affairs and trade said. 
Rolls-Royce Making HUF 6.9 Billion Investment in Hungary

Rolls-Royce Making HUF 6.9 Billion Investment in Hungary

Industrial technology company Rolls-Royce is investing 6.9 billion forints (EUR 18.6m) in a research and development project in Hungary, Péter Szijjártó, the minister of foreign affairs and trade said.
15 Year Wait: Protest at Outskirts of Budapest Calls for Extension of M0 Motorway

15 Year Wait: Protest at Outskirts of Budapest Calls for Extension of M0 Motorway

Motorists staged a warning demonstration near Budakalász, on the outskirts of Budapest, demanding that the government speed up the planning of the extension of the M0 motorway’s northern section. Participants at the demonstration organised by the 2011 Association of Environmental and Value Protection blocked the exits on the motorway towards Budakalász and Szentendre with more than 20 cars ...
OECD Lowers Forecast for Hungary's GDP to Zero

OECD Lowers Forecast for Hungary's GDP to Zero

The OECD lowered its forecast of Hungary’s GDP in 2023 to 0.0% in its biannual Economic Outlook published.