2020 marks the 125th anniversary of the birth of Carl Lutz and also the 45th anniversary of his death. On this occasion, Carl Lutz Memorial Walks have been launched in Budapest to remember the Swiss diplomat to whom tens of thousands of Hungarians owe their lives. The Swiss Embassy in Budapest originally planned this commemoration […]

A government decree entered into force on September 1 only permitting foreign citizens to enter Hungary under certain conditions. All arriving passengers are subject to a document check and medical screening at Budapest Airport.  Non-exempted foreign citizens who are not allowed to enter the country can wait in the part of the transit area dedicated […]

Nestlé cared for not only its employees’ health during the emergency situation caused by the new coronavirus pandemic but also for their financial security. The financial indicators of the first six months show that steps taken to support company employees and those in need were clearly successful from an economic viewpoint as well. Nestlé Hungária […]

The volume of gross domestic product declined by 13.6% in Hungary in the 2nd quarter of 2020 compared to the corresponding period of the previous year, the country’s Central Statistical Office reports.   The extraordinary situation resulting from the corona virus pandemic had a disadvantageous impact on the performance of most sections of the economy. […]

The National Bank of Hungary (MNB) will issue a silver collector coin of HUF 10,000 and its non-ferrous metal version with a face value of HUF 2,000 on September 2, 2020 to honor the 45th anniversary of the foundation of Hungary’s second national park. The vertical rectangle special collector coins will be issued as a […]

Thanks to scientific and technological advancements, the world is undergoing fundamental changes and the tobacco industry is no exception. The tobacco companies of the world are working on achieving a smoke-free future; their aim is none other than to ensure that as many adult smokers give up cigarettes as possible and as quickly as possible. […]

Gergely Gulyás, the head of the Prime Minister’s Office, said that starting on September 1, the government is re-introducing the border protection measures in force during the first wave of the coronavirus epidemic. Shortly after, the Prime Minister and the Foreign Minister announced a few exceptions to the rule. The minister said military convoys and […]

In the second quarter of 2020, the national economy’s investments further decreased, the volume of developments lagged 9.9% behind, compared to the same period of the previous year. As the Central Statistical Office reports, most sections of the national economy contributed to this trend. The investments of the budgetary units declined in a larger degree […]

In the WittyLeaks series, Diplomacy&Trade regularly publishes the personal accounts of ambassadors and other diplomatic mission leaders accredited to Budapest. This time, the departing Norwegian ambassador looks back at his career. I have now over 40 years of diplomatic service behind me, continuously since 1980. I was very pleased to be posted as ambassador to Budapest. […]

In the first half 2020, both the revenue and net after-tax profit increased significantly at the Hungarian energy company ALTEO Group. The 33% increase in sales revenue was accompanied by a 120% rise in after-tax profit. A report by the Group says the growth achieved not only reflects the success in investment and acquisition activities, […]

Ten years ago this year, Givaudan, the world's largest company in the flavor and fragrance segment, announced it would build a factory in Makó, SE Hungary, creating hundreds of jobs. Head of Operations and Company Manager Mihály Karkas talks to Diplomacy&Trade about the operations and achievements of this Givaudan plant. “This important investment project contributes […]

The size of Hungarian hop plantations may increase by another twenty hectares due to the fact that - following the subsidies of previous years - the Ministry of Agriculture will launch another support program this year with a budget of HUF 150 million to support the domestic production of beer. In Kastélyosdomb, W Hungary the […]

This year marks the 125th anniversary of the birth and the 45th anniversary of the death of Carl Lutz (March 30, 1895 – February 12, 1975), the Swiss diplomat who saved tens of thousands of Hungarian Jews during World War II. Carl Lutz worked as a vice consul at the Swiss Embassy between 1942 and […]

Starting September 1, foreign citizens may not enter the territory of Hungary without a specially justified case, Minister Gergely Gulyás has announced. According to Gergely Gulyás, Head of the Prime Minister’s Office, the government is of the view that “the second wave of the epidemic has begun in Europe.” He announced that "regarding border protection, Hungary […]

Eisberg Hungary joined Sportfive Hungary Ltd. and the Ferencváros sports club FTC in the initiative "We cook for heroes!" In addition to their free lunches, created by master chef András Wolf in the kitchen of the FTC stadium Groupama Arena, 150 hospital workers received fresh salads daily. Employees of the Szent László Hospital received a […]