MOL Plc. significantly increased its revenues in the second quarter, with first-half EBITDA (operating profit before interest, taxes, depreciation and amortisation) exceeding HUF 505 billion, more than double the result of the same period last year, according to a report published on the website of the Budapest Stock Exchange (BSE). Highlights of the period included► […]
Having spent two decades working for multinational companies, Anita Kurunczi has decided to accomplish her long cherished dream based on what she had learned from her tailor grandfather: design and sell stylish fashion clothes with an eye to environmental considerations. She has long been making dresses – even during those ‘multinational years’ – but just […]
The Hungarian national team beat Spain 9-5 on the last day of the Tokyo Summer Olympic Games to clinch the third place. All in all, Hungary finished 15th on the medal table with six gold, seven silver and seven bronze medals. After thirteen years, the Hungarian men's water polo team won another medal at the […]
People who would continuously like to improve their appearance can achieve a lot from exercise to diets. However, they do not always help and that is when new technologies come into the picture. That is what the ‘Dream Body & More’ body slimming studio, located in downtown Budapest with easy access from both the Buda […]
In the women's kayak four 500-meter final, the Hungarian team defended their title to win the sixth gold for Hungary in Tokyo 2020, while the country's national team defeated the Russian Olympic Committee side in women's water polo to take the bronze medal. The Hungarian quartet won the women's kayak 500-meter event confidently in London […]
Spanish opera singer Plácido Domingo gave a free concert in Győr, NW Hungary with the local Philharmonic Orchestra in honor of health workers this Friday evening. According to the organisers, the world-famous Plácido Domingo has long shown a strong affinity for Hungarian music and culture, coupled with a willingness to give to those who have […]
Sarolta Kovács in women's modern pentathlon and Gábor Hárspataki in karate finished third this Friday at the Tokyo Summer Olympic Games, producing the 16th and 17th medal for Hungary. Following the fencing and swimming legs of the modern pentathlon held on Thursday, 30-year-old Sarolta Kovács, the 2017 individual world champion of this sport, did well […]
A series of festival-style events are being organized to mark the national holiday of August 20, government officials announced this week in Budapest. August 20 is an official holiday to commemorate the foundation of the Hungarian state and its founder, King St. Stephen. As it was announced, the biggest ever celebration is being prepared, with […]
World-renowned Austrian-American chef and restaurateur Wolfgang Puck has recently opened, in Budapest’s Matild Palace hotel, the first European outpost of his iconic Spago restaurant, which stars as his signature culinary experience. He shares some thoughts with Diplomacy&Trade on how his career has evolved and how the experience accumulated is put to use in the Hungarian […]
In the men's kayak single 200-meter event, Hungary's Sándor Tótka needed a photo finish to be declared the winner, Tamara Csipes finished second in the women's kayak single 500-meter event while the second silver of the day for Hungary was produced by Kristóf Rasovszky in the men's 10-kilometer open water swim race. According to the […]
The National Bank of Hungary (MNB) has published the notice setting out the technical conditions of the Green Mortgage Bond Purchase Programme and the Mortgage Bond Rollover Facility and has decided to fine-tune the collateral management framework by improving the conditions of green securities. In July 2021, The Monetary Council reviewed and approved the MNB’s […]
In recent years, partially state-owned Chinese banks established a presence in the Visegrád countries, mainly to aid Belt and Road projects, which started facing obstacles in recent years. In early 2020, the Hungarian National Bank has announced the registration of a new credit institution in the country, the local subsidiary of the China Construction Bank, […]
Hungary’s Viktor Lőrincz lost Wednesday's final of the Greco-Roman wrestling 87 kg category at the Tokyo Olympics and had to be content with the silver medal. The 31-year-old had a reason to take revenge on two-time world and three-time European champion and Rio Olympics silver medalist Zhan Belenyuk of Ukraine after losing to that ace […]
The National Meteorological Service (OMSZ) has confirmed that the average temperature in June and July this year was 22.9 grade Celsius in Hungary, the hottest since 1901, the state news agency MTI reports. According to OMSZ, 2021 saw the hottest July since the beginning of the 20th century, and the third-hottest June. Hungary has seen […]
Hungary's Tamás Lőrincz won the Olympic championship title in the Greco-Roman wrestling 77 kg category at the Tokyo Games after defeating Kyrgyzstan's Akzsol Mahmudov 2-1 in Tuesday's final - the second gold medal for the Hungarian delegation on this day. The 34-year-old wrestler crowned his career with this success after winning a world and four […]
