The Ambassador of Spain in Budapest has handed over the Cross of the Order of Isabel the Catholic granted by King Felipe VI of Spain to winemaker András Bacsó, the former director of the Tokaj Oremus Winery in Hungary. It was at the proposal of the Spanish Ambassador in Hungary, Anunciada Fernández de Córdova, that […]
As a result of border crossing restrictions and COVID-19 protection measures for commercial accommodation, domestic tourists spent 66% fewer tourism nights in commercial accommodation establishments (hotels, boarding houses, camping sites, bungalow complexes and community hostels) in Hungary compared to the same period of the previous year. International guests spent 74% fewer nights. The decrease in […]
In its monthly Transaction Number Estimate and Mortgage Forecast, the Hungarian real estate firm Duna House shows that in April 2021 13,511 property transactions were concluded and residential mortgage contracts worth HUF 92-93 billion were signed in the whole of Hungary. The report states that following the exceptional rally of Q1 2021 property market activity […]
Consumer prices were 5.1% higher on average in April 2021 than a year earlier. Significant price rises were measured over the last 12 months for alcoholic beverages and tobacco as well as motor fuels. In one month, consumer prices increased by 0.8% on average. In the 12 months, compared to April 2020 – according to data by […]
This morning, more than 330,000 doses of Pfizer-BioNTech vaccines have again arrived in Hungary. This is the 21st shipment of the Comirnaty vaccine, bringing the total in Hungary to more than 3.2 million doses, the company said in a statement. Pfizer and BioNTech are currently forecast to produce and supply more than 2.5 billion doses […]
In parallel with the easing epidemic situation and the partial opening, demand in the Budapest rental market has strengthened by the beginning of May: compared to the low of HUF 126,000 in December, the average asking rent has now risen by 7.6% to HUF 135,000, according to a recent analysis by Rentingo.com. As reported by […]
The National Council of Wine Communities (HNT) is promoting the conscious, moderate consumption of Hungarian sparkling wine on the World Wide Web, the organization told the state news agency MTI on Monday. The campaign entitled ‘Pezsegj szabadon!’ (Sparkle freely!) is financed by the HNT and managed by the Artvertising Group. Creative director Gergely Nagy said […]
As the world enters into the second year of the COVID-19 pandemic, the Hungarian pharmaceutical company Gedeon Richter Plc. continues to regularly provide a brief update of its impact on the health and wellbeing of its employees and its operations at large. According to OECD Statistics, global GDP declined by 4.2 % in 2020 due […]
Surplus on external trade in goods amounts to EUR 1,013 million in March, both exports and imports increase by 14% compared to February. In EUR terms, the value of exports was 22% and that of imports 15% higher in March 2021 than in the same period of the previous year. The balance of external trade in goods improved […]
98 Hungarians died as a result the new coronavirus infection in the past 24 hours, bringing the total official number of deaths realted to the COVID-19 desease to 28,602. The last time the daily death toll was below 100 was on February 28. A total of 1,145 new infections were registered in the past day, […]
In the WittyLeaks series, Diplomac&Trade regularly publishes the personal accounts of ambassadors and other diplomatic mission leaders accredited to Budapest. This time, the Ambasador of Thailand describes his pursuing of photography both in his native country and Hungary. “Life is like a camera, just focus on what is important and capture the good times.” This […]
Budapest's first permanent circus opened on May 7, 1891 in the City Park. The popular establishment has undergone major changes over the years, with a succession of owners, several tenants and two complete renovations. The plan to open a circus was already in the minds of the decision-makers of the capital in 1888, but the […]
An R&D purpose vertical farm unique in Central Europe was presented in the Újpest headquarters of Tungsram. The installation, which is based on technology evoking sci-fi movies, is one of the key factors for the food security of the future. The farm was established with the funding of the Hungarian Ministry for Innovation and Technology […]
According to Colliers, a leading diversified professional services and investment management firm, Western European capital, particularly German and UK funds, was most active and responsible for ca. 50% of all volumes in Q1 2021 across the CEE region. According to Kevin Turpin, Regional Director of Research, CEE, “as the pandemic continues to impact on capital […]
The Hungarian government argues that next year’s budget bill, submitted earlier this week, is aimed at relaunching the economy. However, the bill has come under heavy fire from the Fiscal Council, the National Bank of Hungary and opposition parties for being an election-year budget designed to support key voting groups. Hungary’s 2022 budget targets economic […]
