Hungary’s corporate leaders to play leading role in addressing climate change

A new organisation bringing together Hungarian corporate leaders on climate change will be launched today. The leaders pledge to lobby actively for positive change in Hungarian and European climate change policy. Companies who have joined are committed to supporting ambitious targets and timelines on greenhouse gas emissions reduction and the adoption and implementation of a [...]

Annual general meeting at the Budapest Stock Exchange

The Budapest Stock Exchange Ltd. (BSE) held its Annual General Meeting on April 29, 2011. At this event, the shareholders approved the Financial Statement for the year 2010, as well as the Report of the Supervisory Board and the Report of the independent Auditor. According to the Financial Statement, the BSE’s EBITDA in 2010 was [...]

Japan charity event in Budapest

On March 11, 2011, a powerful 9.0 magnitude earthquake struck off the east coast of Honshu, Japan, followed by a powerful tsunami. Hundreds of thousands have been displaced from their homes and the death toll in Miyagi prefecture alone is predicted to reach more than 10,000. During this difficult time, all of our friends and [...]

Matolcsy: all foreign investors are welcome

At the invitation of the European Chambers in Hungary, Minister of National Economy György Matolcsy addressed about 300 European business leaders at a business luncheon on Thursday. At the event Maurizio Sauli, incumbent Chairman of the European Chambers in Hungary, emphasized that European business has continuously being proving that it is strongly committed to contribute [...]

Hungarian developer team among finalists at Indie Game Challenge

DALLAS, Texas and CALABASAS, Calif. – January 20, 2011 – The 12 finalists of the second Indie Game Challenge (IGC) sponsored by the Academy of Interactive Arts & Sciences (AIAS), GameStop (NYSE:GME) and The Guildhall at Southern Methodist University (SMU) have been announced. Winners will be announced February 11th at the D.I.C.E. (Design, Innovate, Communicate, [...]

A Christmas present for Team Puli?

The Google Lunar X Prize is offering the largest international incentive prize of all time: A total of $30 million in prizes are available to the first privately funded teams to safely land a robot on the surface of the Moon and have that robot travel 500 meters over the lunar surface and send images [...]

Lifetree: chi-kung health day

In our country the Lifetree programme has been professing natural health preserving in physical, mental, spiritual and material sense for a decade. It has had serious professional background support in every mentioned area. We organise a health day joined with a world-record set in Ferenc Puskás Stadium for the second time. Visitors are in front [...]

First Chinese-Hungarian law firm established

Initiated by the Hungarian partner the first international-Chinese law firm of the world, named Yingke Várnai was established. As the first step of the European expansion the Deed of Foundation of the Budapest office was signed by Dr. Rupert Várnai and Mr. Mei Xiangrong in Kodály Hall at the Hungarian Academy of Sciences. Dr. Rupert [...]

European Commission launches Youth on the Move initiative in Budapest

A new EU initiative designed to help more young people embark upon the great mobility adventure – a fun, interactive and dynamic two-day YOUTH ON THE MOVE event will take place on Oct 8-9 in Budapest. More information will be available soon on Twitter, Facebook and the YOUTH ON THE MOVE website. YOM on Facebook [...]

Introduction of a fee for ESTA

On August 6, 2010, the United States Customs and Border Protection agency announced the implementation of a $14 fee beginning September 8 for applications made through the Electronic System for Travel Authorization (ESTA). This fee is based upon the costs incurred for administering the system and as established by the Travel Promotion Act of 2009. [...]

LUXURY FASHION BRANDS DRIVE GLOBAL RETAILER EXPANSION

Luxury goods retailers have emerged as the most active and expansive retail sector, responsible for over 23% of new store openings during the past year, according to the new edition of How Global is the Business of Retail? by leading global real estate adviser CB Richard Ellis (CBRE). CBRE’s annual survey – now in its [...]

10,000 visitors expected at the 8th Business Travel Show

This autumn, for the eighth occasion, the largest Hungarian MICE workshop and meeting place for travel suppliers, event and training organisers as well as corporate travellers will be held at Hungexpo’s Pavilion G on 20-21 October. Starting from this year, the Business Travel Show (BTS) is organised in cooperation between the founder, Turizmus Ltd, and [...]

Drug giant Mylan plans Komarom packaging center

The Hungarian Government today announced that generic and specialty drug-maker Mylan Inc. will establish a pharmaceutical packaging center in the Komarom Industrial Park. The project is expected to add approximately 400 new jobs to the local economy over the next several years. “Hungary needs such investments and such innovations that strengthen the Hungarian economy. Those [...]

ILO warns of new threats to global economic recovery

GENEVA (ILO News) – Growing instability in financial markets and the sovereign debt crisis in Europe may put global economic and jobs recovery efforts at risk, according to a report by International Labour Office Director-General Juan Somavia to be discussed at the ILO’s annual conference. “Major international actors have put the goal of quality jobs [...]

A look at the ‘two-thirds majority’

International media have guessed their way through the recent general elections, concerning Fidesz’s intentions upon achieving two thirds of constituents – a threshold that allegedly empowers a government to enact the deepest reforms democratically possible. However, according to Budapest-based think tank Perspective Institute, Fidesz’s ‘two-thirds policy aims’ are clear. In a recent press release, the [...]

Load Diffuser 2010 exercise at Kecskemet Air Base

Building on the highly successful State Partnership Program between Hungary and the State of Ohio, the Hungarian Ministry of Defense and the Hungarian Air Forces have invited the Ohio Air National Guard to participate in the upcoming Load Diffuser 2010 exercise at Kecskemet Air Base, Hungary. Eight F-16s from the 178th Fighter Wing in Springfield, [...]

Budapest Airport: going back to normal step-by-step

Budapest Airport is back to normal operations since 12.05 hours local time, though this does not mean that all scheduled fligths could depart or arrive on schedule. The first flight to leave Budapest Airport was Travel Service flight to Hurghada (Egypt) at 14.24 local time soon to be followed by WizzAir Gothenburg service. Malév can [...]

Full airspace closure in Hungary

Directorate for Air Transport of National Transport Authority ordered this evening from 19.00 to 19.00 on Saturday a full closure of airspace in Hungary. Accordingly, from tonight 19.00 in the following 24 hours neither departing, nor arriving flights are expected – but the airport will be open. We advise passengers who were due to fly [...]

Hungarian wins 11 medals at spirits festival

A Bécsben megrendezett Destillata 2010 nemzetközi párlatversenyen a 15 induló ország közül összesítésben a magyarok a harmadik helyet érték el, 77 éremmel. A legeredményesebbnek járó Nemzetgyőztes díjat idén a Zimek Manufaktúra* kapta, 11 éremmel. 2010-ben öt földrészről, több mint 1 600 párlattal nevezett 182 főzde, a legtöbben Ausztriából (98) érkeztek. Hazánkat 15 főzde képviselte, de [...]

International Women’s Day 2010

GENEVA (ILO News) – Despite signs of progress in gender equality over the past 15 years, there is still a significant gap between women and men in terms of job opportunities and quality of employment, according to a new report by the International Labour Office (ILO). The report, entitled “Women in labour markets: Measuring progress [...]

Euromoney Private Banking Survey

In the Private Banking and Wealth Management Survey 2010 of the leading international financial magazine Euromoney Gutmann was ranked No. 1 in Romania as “Best Foreign Bank” for the first time and in Hungary won a top place in the category “Best Private Banking Services overall” for the first time. In addition, the long-established Viennese bank [...]

U.S. Embassy Video Competition

Celebrating diversity is to understand that each individual is unique. Differences of race, ethnicity, gender, sexual orientation, socio-economic status, age, physical abilities, religious beliefs, political beliefs, or other ideologies makes us individuals. It is about understanding each other and moving beyond simple tolerance to embracing and celebrating the rich dimensions of diversity contained within each [...]

ILO Global Uneployement Trends 2010

The number of jobless worldwide reached nearly 212 million in 2009 following an unprecedented increase of 34 million compared to 2007.

SAC’s Hungarian Arm Flies Humanitarian Relief Flight to Haiti

The Hungarian arm of the Multinational Strategic Airlift Capability (SAC) has conducted a humanitarian relief mission to Haiti on 18 January 2010.

Budapest U.S. Embassy Announces Fellowship Program

U.S. Embassy Budapest announced a fellowship program for multiply disadvantaged people, in a recent press release.

No Flight Delays Expected Despite Major Snowfall

A Budapest Airport press release assures smooth flight schedules despite major snowfall and weather forecasts of continued bad weather.

Hungarian Business Leaders Forum Awards Journalists

HBLF recently held its the awarding ceremony for its Media for Society program, honoring journalists contributing to corporate social responsibility.

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