DH Group closed the second quarter of 2026 at record levels in spite of the strengthened Hungarian forint (HUF), the real estate company has announced on the website of the Budapest Stock Exchange. The Group's clean core EBITDA rose 39% to HUF 2.3 billion and clean core profit after tax increased 74% to HUF 1.6 […]

Hungary condemns Russia's military aggression, fully supports Ukraine's sovereignty and territorial integrity while urging negotiations towards sustainable peace and long-term security guarantees, according to the guidelines set for the Hungarian delegation participating in the 81st session of the United Nations General Assembly, published in the official gazette Magyar Közlöny. According to the appendix to the […]

Founded in Milan in 1817, Pasticceria Cova is one of Italy’s historic luxury brands, combining craftsmanship, hospitality and timeless elegance. Today, as part of the LVMH Group, the Milanese Maison is present in several international markets, while continuing to represent a distinctive part of Italian cultural and entrepreneurial heritage. The CEO of Pasticceria Cova, Paola […]

Investment volume in Hungary dropped 9.1% year-on-year in the second quarter, data released by the Central Statistical Office (KSH) on Wednesday show. Adjusted for seasonal effects, investment volume declined 7.1%. Investment volume in the manufacturing and logistics sectors contributed the most to the headline decline, KSH said. The fall was mitigated by rising investment volume […]

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25 basis points to 5.50% at a monthly policy meeting on Tuesday. The Council also lowered the central bank's symmetric interest rate corridor by 25 basis points, bringing the O/N deposit rate to 4.50% and the […]

According to Provident’s latest Financial Wellbeing survey, 28% of Hungarians have no money left at all by the end of the month, while in the Czech Republic, Poland, and Lithuania, this figure is 13% in each country. There is also a significant difference among the nine countries surveyed in terms of how much money the […]

In the worldwide hotel industry, the Technogym name stands as a trusted symbol of premium wellness. With more than four decades of expertise, Technogym has redefined wellness in hotels, transforming basement fitness rooms into prominent, welcoming spaces that elevate the overall property. This has turned hotels into destinations where wellness stands on equal footing with […]

Hungarian transmission system operator MAVIR has rolled back a crisis level indicating "significant disruption." The step was taken after the normalization of the output of Hungary's power plants, MAVIR said in a statement. "Available production capacity and reserves ensure the balance and supply of Hungary's electricity system under normal operation," it added. Output of the […]

The government is setting a 7.5% of GDP deficit target in Hungary for 2026 and will submit a legislative proposal on August 31 to modify the budget bill, the Finance Ministry said on Monday. The ministry stated the inherited economic situation, and the costs of the drought and energy crisis do not yet allow for […]

Founded in October 2022, Confindustria Ungheria is an association established as a meeting space for those who recognize Hungary as a place for investment, development and growth of their businesses. Its goal is to support the Italian business community by valuing members through meeting, aggregating and developing relationships between the different presences in the area. […]

A Gripen fighter of the Hungarian Armed Forces crashed near Szolnok (E Hungary) for reasons as yet unknown, Prime Minister Péter Magyar said on Facebook on Monday, adding that the pilot successfully ejected from the aircraft. According to a preliminary report, there were no injuries and no damage to civilian infrastructure, he added. Defense Minister […]

A 655-sqm crop warehouse, completed with HUF 390 million in European Union funding, was inaugurated in Nemesvámos (W Hungary) on Monday. As part of the project, the municipality also purchased a van and built a property protection system, mayor Balázs Söványházi said at the ceremony. In the interest of sustainability, a 5-kilowatt solar panel system […]

The Italian Trade Agency (ICE) is the governmental organization that supports the business development of Italian companies abroad and promotes the attraction of foreign investment in Italy through various events like business fairs, seminars and workshops. As the Director of the agency in Budapest, Giovanna Chiappini Carpena explains to Diplomacy&Trade, they work closely with Italian […]

A commemoration to mark the European Day of Remembrance for Victims of All Totalitarian and Authoritarian Regimes was held at the grave of Margit Slachta, a nun who worked to save Jews from persecution, in the Fiumei Road Cemetery in Budapest on Sunday. Zsolt Sári, the state secretary for public collections and heritage preservation, highlighted […]

The Budapest Stock Exchange (BÉT) stock index, the BUX, fell amid declining trading volume during the short week; on Wednesday, the last trading day, the BUX closed at 148,659.81 points, down 1.26% or 1,892.89 points from the previous Friday. Over the three trading days, weekly trading volume totaled HUF 58.98 billion, down from HUF 95.04 […]

"The meeting was friendly, pragmatic and forward-looking – exactly the tone one would expect when two governments that share solid bilateral foundations begin a new chapter," Ambassador Giuseppe Scognamiglio tells Diplomacy & Trade, reflecting on the encounter in Rome between then Hungarian Prime Minister-elect Péter Magyar and Italian Premier Giorgia Meloni that followed Hungary's April […]