The European Commission on Friday said it will invest EUR 193 million from the Cohesion Fund in the reconstruction and modernization of the 123-km railway line between Székesfehérvár and Keszthely around Lake Balaton.

Ludwig Museum (Museum of Contemporary Arts) has announced this summer’s schedule for guided tours, featuring the exhibitions of Erwin Wurm and Sam Havadtoy.

Citi has won a raft of awards at the Euromoney magazine awards, including “CEE’s Best Investment Bank” and “CEE’s Best Bank for Transaction Services”, among others, and was also named the “World’s Best Investment Bank”.

Ferenc Liszt International Airport is set to host the sixth edition of its Runway Run, with the money raised going to two charity foundations.

The second-hand car market in Hungary reached a new record high in the second quarter. The most popular brand is Opel.

Qatar Airways has been awarded the Best Airline prize of Business Traveller Hungary, based on the votes cast by the readers of the magazine. The airline previously received the prize in 2016.

Average gross earnings were 10.9% higher in May than a year earlier, amounting to HUF 327,500, the Central Statistical Office (KSH) reported.  

The British Academy for the Humanities and Social Sciences has named  CEU Professor Gergely Csibra a Fellow in recognition of his work studying the cognitive capacities of infants.

According to research by SchengenVisaInfo.com, most applications at Hungarian consulates for short-stay Schengen visas in 2017 came from Russia.

As tourist visits to Hungary and Budapest continue to rise, developers and hotel operators see the potential for more hotel development.

As any stroll through central Budapest will attest, tourism is booming. Registered guest nights in the capital were up 8% last year, topping a record ten million. In Hungary, guest nights show a 70% rise since 2009, when the economic crisis hit. Such numbers are attracting both domestic and global interest, says Péter Kraft, a former ambassador who runs his own eponymous tourism consultancy.

The increasing importance of “customer experience” is undoubtable nowadays as customers are becoming more connected, and influence each other to a greater extent, while they appear to be more fickle and willing to drop a brand for a better looking one. The Budapest Business Journal discusses the impact of CX with experts from DEVELOR International and EY Hungary.

Francisco Santos, a 32-year old Portuguese architect, a resident of Lisbon, was in Budapest earlier this month. Originally from Viseu, a provincial Portuguese city, he met up with a group of former school friends for a three-day, 15-strong stag party.

America’s new Ambassador to Budapest has vowed to work with the Hungarian foreign minister to make bilateral relations between the two countries “the best relationship that it has ever, ever been”. 

GTC Hungary has officially opened its new Budapest office development, the 21,500 sqm GTC White House in the Váci corridor, after a two-year construction period.

Many people have dreamt about eating and drinking while floating in microgravity, just like real astronauts. This dream will soon become a reality, as a few companies are pioneering the challenging goal of making space travel available for everyone. This new market is called space tourism.

Wing is developing a new 22,000 sqm Budapest headquarters for evosoft Hungary, 100% owned by Siemens, in order to consolidate its activities into one location. The site is located adjacent to the Ericsson research and design headquarters at the Nobel Prize Winners Research & Development Park, on the Buda side of the Rákóczi híd.

While some wine lovers abide by the initials ABC (Anything But Chardonnay), the reason for the Chardonnay grape being planted so far and wide across the globe is that it is a damned good grape for making wine from, and also a fine articulator of terroir, something which extends to Hungary.

One of the things that surprised me when my first summer in Hungary rolled around was just how hot it was. Inevitably, my thoughts naturally turned to swimming. And in Hungary, the options seem endless.

Hungary’s industry barely expanded in May, while the June consumer price index exceeded the central bank’s mid-term goal of 3%. In the meantime, the Hungarian currency has experienced all-time exchange rates high against the euro in the past few days.