According to figures published by the Central Statistical Office, 31,000 Hungarian citizens moved abroad in 2014 for a period of more than one year. Analysts attribute this development to low wages and the lack of opportunities for younger people in Hungary.
Civilian groups distributed food to the poor in Miskolc this Tuesday, partly to defy the city’s mayor who refused the Child Nutrition Foundation’s similar initiative at Easter. The event turned into turmoil as the needy basically ransacked the food stands.
A bust of former Hungarian Prime Minister József Antall was unveiled in the European Parliament wing named after the Hungarian politician who was PM after the first multiparty elections following the fall of the Communist/Socialist regime in Hungary in 1988-90.
Hungarian government ministers have ordered an immediate halt to construction of the section of the M4 motorway between Abony and Fegyvernek in Eastern Hungary as they claim the European Commission had raised concerns over suspected cartel activity.
Each issue of Diplomacy & Trade presents a piece by one of the ambassadors serving in Budapest. Recently, it has been the turn of the British ambassador who tells the readers about his love for sports and how he can pursue this activity in Hungary.
Budapest Airport was declared the winner of the ‘Best Airport in Eastern Europe’ award by British aviation analysts Skytrax. The award was received by Péter Huszka, chief operating officer for Budapest Airport, at the Passenger Terminal EXPO 2015 in Paris.
The Hungarian-Chinese Chamber of Economy (ChinaCham Hungary) celebrates 10th anniversary this year. On this occasion, the President of the organization, Ernõ Petõ was interviewed for the recent China country focus section of Diplomacy & Trade.
The 5th Diplomacy & Trade International Gala was held in the Ballroom of the Corinthia Hotel Budapest this past week-end with the participation of diplomats and business partners. The theme of this year’s event was ’International Cooperation’.
On the March 15 national day, Hungarian PM Viktor Orbán emphasized the importance of freedom fight in gaining national sovereignty while a crowd of 6-8,000 people marched on the streets of Budapest, vowing to bring the anti-democratic Orbán regime down.
The EU has, at least temporarily, blocked Hungary’s EUR 12 billion nuclear power station deal with Russia as Euratom refused to approve Hungary’s plans to import nuclear fuel exclusively from Russia. Other parts of the deal are also under investigation.
The Budapest-based EuCham Central and Eastern Europe - in cooperation with Transparency International Hungary - organizes its Business Integrity Forum in the Hungarian capital on March 23 on the importance of compliance and integrity in business.
“The Chinese people have very friendly and pleasant impressions of Hungary." That is according to the Chinese Ambassador to Hungary, XIAO Qian, who gave a comprehensive interview to the recent China Country Focus of Diplomacy & Trade.
The National Bank of Hungary suspended the brokerage licence of the Hungarian Quaestor on Tuesday, citing regulatory shortcomings, and said the firm may also have issued many more bonds than permitted under its issuance program, the Reuters reported.
Addressing Hungarian ambassadors at an extraordinary meeting in Budapest on Monday, the Prime Minister Viktor Orbán said the pursuit of an independent foreign policy could be at times ‘uncomfortable’ but they should get used to it.
Five civil organizations have turned to the Hungarian President not to sign into law the governing majority's parliamentary decision to classify the enlargement of the country's nuclear power station for 30 years that the opposition suspects is a cover for corruption.
