Subsidiaries of the CPI Property Group have acquired a EUR 650 million, 265,000 sqm CEE retail portfolio consisting of 11 shopping centers, located in Hungary, Czech Republic, Poland and Romania, from two funds managed by CBRE Global Investors.
German and other foreign investors see the economic sentiment and outlook for 2017 as “very favorable”, and in many cases better than last year, according to the latest annual Business Climate Report issued by the German-Hungarian Chamber of Industry and Commerce (DUIHK).
The latest annual Automotive Conference organized by the Hungarian Investment Promotion Agency (HIPA) highlighted the recent record of the industry, with electro mobility and autonomous driving technologies having the biggest growth potential.
Bright Box, a global vendor of so-called connected vehicle services, announced a major expansion on April 11, saying it has established an office in Budapest to serve the European market and appointed an operational manager to meet client needs and enhance relationships.
An ambitious North American vaping company with plans for global leadership has its international customer service and sales operation based in Budapest, even though it has no Hungarian business, as of yet.
The breakneck pace the digital economy is developing at has created a situation where many employees feel they have no choice but to continuously self-educate themselves, for fear of otherwise being left behind.
The Hungarian unemployment rate stands today at 4.4%. But still, according to a report released by Kelly Services Hungary, more than 57% of the employers are facing a difficulty in filling all their vacancies.
Whether it is the official figure of 22,000 or the 25,000-30,000 the industry calculates represents the true picture does not matter: the lack of IT professionals hurts the Hungarian economy badly, regardless of the exact number.
The increasing shortage of qualified labor is not only forcing hiring companies to rethink their strategies in order to maintain competitiveness; it also pushes recruitment agencies towards more complex solutions.
Blockchain technology is currently mostly used by banks, as well as financial and legal systems. If you know anything about it, the first thing that probably comes to mind is Bitcoin, the famous cryptocurrency and electronic payment system.
Digital recruitment channels have profoundly changed the selection process in management staffing, says Jacques de Jager, head of executive search at Trenkwalder Hungary, who gives us a brief insight about the main challenges of the recent developments.
Hungary’s most widely planted red wine grape is continuing to cast off its shoddy reputation, which harks all the way back to the mass production mentality of the communist era, although there’s still a long way to go until local Kékfrankos can seriously rival Austria’s Blaufränkisch.
Back in Szeged, David Holzer is looking forward to his second countryside Easter, complete with lots (and lots) of festival food, rituals and locsolkodás, the springkling of women that has its roots in pagan fertility rights.
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