On Saturday, on the 500th anniversary of the Battle of Mohács, a memorial day was held in the town of Mohács, situated on the banks of the Danube, at the nearby national memorial site and in the vicinity of the presumed former battlefield to honor the memory of the heroes of the battle. The commemorative […]

Ferrari’s first fully electric model combines a new design language with advanced engineering, five-seat versatility and the performance expected from the Prancing Horse. With the unveiling of the Ferrari Luce, the Maranello-based manufacturer has opened a new chapter in its history. Powered by four electric motors and built on a dedicated platform, the model is […]

The number of voluntary pension fund members reached 1,088,800 in the second quarter of this year, inching up 1% from a year earlier, data released by the National Bank of Hungary (MNB) show. Voluntary pension funds closed the last four quarters with an increase of 12,500 members, meaning that the persistent negative trend of previous […]

Parliament elected political scientist Anna Unger as head of the National Asset Recovery and Protection Office (NVVH) in a secret ballot on Friday. Anna Unger, an associate professor at Eötvös Lóránd University's Faculty of Social Sciences in Budapest, was elected with 137 votes in favor, seven votes against and one abstention. Katalin Tasnády, a prosecutor […]

Founded in Budapest in 1995, ITL Group Ltd. has been providing business consulting services for over three decades now. Over this period, the company has helped more than 500 companies with their daily requirements, supporting the development of their activities and advising them about their local market. Alessandro Farina recalls to Diplomacy&Trade that he arrived […]

Ambassador Katalin Bogyay, Hungary’s former Permanent Representative to the United Nations and UNESCO, and President of the Hungarian United Nations Association and the Hungarian National Commission for UNESCO, was elected President of the World Federation of United Nations Associations at the organization’s anniversary world congress and 44th plenary session in Geneva. The election took place […]

Hungary had a EUR 69 million trade surplus in July, narrowing from EUR 1.173 billion in the previous month, data released by the Central Statistics Office (KSH) on Friday show. Exports rose 10.8% year-on-year to EUR 13.661 billion. Imports climbed 14.9% to EUR 13.592 billion. Trade with other European Union member states accounted for 75% […]

Early this week, the Hungarian Minister of Health announced plans to make substantial progress this fall in regulating the relationship between public and private healthcare and intend to secure funding for the program. The announcement coincided with a survey by the economic research institute GKI on the financing of the Hungarian healthcare system in European […]

Listed Hungarian automotive industry company Rába booked a HUF 0.1 billion loss in the first half as revenue fell and margins narrowed, an earnings report shows. In the base period, Rába booked profit of HUF 2.1 billion. Revenue dropped 14% to HUF 24.8 billion. The ratio of export sales edged up 1pp to 78%. Rába […]

The flute is often described as one of the instruments closest to the human voice: pure, lyrical and capable of expressing a remarkable range of emotion. Its sound can sing with extraordinary clarity, but it can also whisper, breathe and convey feelings with striking intimacy. For internationally acclaimed flautist Andrea Griminelli, this expressive power became […]

The Hungarian government has approved a sustainable water management action plan in accordance with the water management reform measures of the EU's Recovery and Resilience Facility (RRF) the environment ministry said on the government website on Wednesday. In order to implement the Action Plan, the government calls upon the Minister of the Living Environment to […]

Business and consumer sentiment in Hungary eased in August, a monthly gauge by economic research institute GKI shows. GKI's business confidence index fell to -9.1 points in August from -5.3 in the previous month. Sentiment worsened in the industrial, commerce and construction sectors, but edged up in the business services sector. The survey showed 7% […]

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 […]