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Eastern European and Portuguese Wines On the Up as Shoppers Look to Beat Brexit Price-Hikes

August 22. 2017.

The Retail Bulletin

Majestic has reported a 400% increase in sales of wines from Romania, Bulgaria, Hungary and Slovenia since last June as customers try to beat rising wine prices due to duty increases and Brexit related currency fluctuations. More...

Photo of the Week: Fireworks Over the Danube

August 21. 2017.

20th of August, the day King Saint Stephen of Hungary commemorates the foundation of the medieval Kingdom of Hungary. The day-long festivities culminated in a spectacular fireworks display over the Danube in the evening.

Sziget, Though Still Popular, May Need Reinvention

August 18. 2017.

bbj.hu

The 2017 edition of the Sziget Festival ended on August 16 with a total number of 452,000 visitors. This is 10% below the record attendance of 496,000 last year, but the decrease is in keeping with a general European trend, according to the organizers, who suggest that the event may need more than just big music stars in future. More...

Budapest Airport Plans Animal Facilities After Horse Transport

August 17. 2017.

Aircargonews

Cargolux and Hellmann Worldwide Logistics arranged the first transportation of live horses from Budapest Airport after Hungary received clearance to beginning flying the animals last year. In total, 14 racehorses bred in Hungary were flown to China last week, on board a Cargolux’s B747-8F. Budapest Airport property director René Droese stated that given the growth in live animal exports, they plan to build facilities dedicated specifically for animals in the new cargo base to be constructed over the coming years at Budapest Airport. More...

 

STATISTICAL UPDATE: Hungarian GDP Growth 3,2 Percent In 2nd Quarter

August 16. 2017.

Central Statistical Office

The gross domestic product of Hungary was up by 3.2% in the 2nd quarter of 2017 compared with the corresponding period of the previous year. Details

Magna May Choose Hungary Over Slovenia For New Paint Factory, Report Says

August 22. 2017.

Automotive News / Reuters / Marja Novak

Magna International has won approval to build a factory in Hungary which could result in the supplier choosing the country over Slovenia for its new paint facility, Radio Slovenia reported. Both countries are vying for Magna's factory which is expected to create about 400 jobs. More...

General Govʼt Deficit at 70% of Annual Target by July End

August 21. 2017.

bbj.hu

Hungaryʼs cash flow-based general government, excluding local councils, ran a deficit of HUF 816.82 billion in the first seven months of 2017, representing 70.0% of the full-year target, the Ministry for National Economy confirmed in a second reading of data on Monday. More...

American Adds Budapest And Prague To Its Route Map

August 17. 2017.

USA Today

American Airlines is boosting its presence in Europe, announcing two seasonal destinations and additional flights to another. The new cities joining American's route map are Budapest and Prague. The carrier will serve both cities from its Philadelphia hub, offering daily round-trip service from May 4 through Oct. 27 on Boeing 767-300 aircraft.  More...

 

Active Filmmakers, Inactive Theater-Goers: Eurostat Data on Hungarian Movie Habits

August 16. 2017.

Hungary Today

Though Hungary boasts a high-profile and fast-growing film production industry, Hungarians are rather infrequent cinemagoers in comparison with citizens of other European Union member states, data compiled by Eurostat show. More...

LOGISTICS: National Network Of Intermodal Container Terminals Planned

August 15. 2017.

bbj.hu

The government plans to set up a national network of intermodal container terminals (OIKH) and would establish a 100% state-owned company to design, execute and operate OIKH projects, shows a government resolution published in the official gazette Magyar Közlöny on Monday. More...