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May 2022

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Monkey Pox Detected in Hungary

D&T
May 31, 2022

The monkeypox infection has also appeared in Hungary, a 38-year-old man was diagnosed with the disease, the national chief public health officer, Cecília Müller announced, at a press conference in Budapest on Tuesday. She said that the epidemiologists are currently investigating whether the man had been abroad, as well as other circumstances related to the […]

Nokia Launches 5G-Related R&D Program in Budapest

D&T
May 31, 2022

Up to 150 high value-added jobs will be created by Nokia Solutions and Networks Ltd. at their Budapest R&D center to conduct research on 5G technology. The program will cost EUR 6.8 million (over a quarter of which is covered by Hungarian taxpayers according to a government decision, and promises to trigger the development of […]

Be Yourself, Don't Forget Your Identity!

D&T
May 31, 2022

This year, the Hungarian capital hosted Bocuse d'Or Europe 2022, the European selecting event of the famous gastronomy competition. The jury was headed – as president of honor for the European selection – by acclaimed Slovenian chef Ana Roš. Diplomacy&Trade caught up with her during the two-day competition. In her childhood – and even early […]

Industrial Producer Prices Up by 28.8%

D&T
May 31, 2022

Industrial producer prices were 28.8% higher on average in Hungary in April 2022 than a year earlier. Domestic output prices were up by 42.6% and non-domestic output prices by 21.8%, the Central Statistical Office reported this Tuesday. The rate of increase of prices was influenced principally by growths in base material and energy prices as […]

Changing TV Viewing Habits in Hungary

D&T
May 30, 2022

TV viewing habits have changed significantly in recent years, with the entry of streaming services, which have shifted the way people watch TV from channel to program, according to a survey, and it has also changed where people watch TV, such as in their rooms, on the terrace or on the train. A research by […]

Hungarians Plan More Foreign, Shorter Domestic Travel

D&T
May 30, 2022

The epidemic is less of a barrier to holiday planning this year, financial constraint is more of concern; although a higher proportion of respondents are planning a holiday abroad than last year, the proportion of those planning a domestic trip of at least five days has not changed in a year, and the majority are […]

Over 22,000 Refugees Arrive in Hungary Over the Weekend

D&T
May 30, 2022

5,245 people crossed into Hungary directly from Ukraine on Sunday, while another 5,688 from Ukraine crossed from Romania. There were 11,503 refugees recorded on Saturday, the Hungarian state news agency MTI reported. According to the national police headquarters, 5,245 people crossed into Hungary directly from Ukraine on Sunday, while another 5,688 originally from Ukraine crossed […]

3rd Anniversary of the Danube Tourist Boat Tragedy

D&T
May 29, 2022

A memorial service was held on the third anniversary of the tragedy of the Hableány (‘Mermaid’)  river cruise boat on Sunday in Budapest, at the memorial to the victims of the disaster at the Pest end of Margaret Bridge, where Péter András Sztáray, Minister of State for Security Policy of the Ministry of Foreign Affairs […]

A Touch of Belgian Hospitality

D&T
May 29, 2022

It is already ten years that The Three Corners Hotels entered the Hungarian market, following previous 25 years of successful hotel operations at the Red Sea in Egypt. The acquisition of Hotel Art *** Superior, back in early 2013, was a milestone, and the company went steadily forward ever since. It is now operating three […]

Gov'nt Announcement Sends Hungarian Stocks Tumbling

D&T
May 29, 2022

The Budapest Stock Exchange's (BSE) share index, the BUX, closed at 38,644.57 points on Friday, down 7.50% or 3,134.91 points on the previous week. Although turnover rose from 68.31 billion forints the previous week to 132.69 billion forints, leading stocks weakened on the week, the state news agency MTI reported on Sunday morning. Equilor Investment […]

Retro Weekend at Hungarian Railways

D&T
May 28, 2022

MÁV Hungarians Railways regularly organizes retro weekends where passengers can feel what the defining travel experience was like in the 1970s, ‘80s and ‘90s. This year's first retro weekend takes place in the Hatvan area, east of Budapest. In addition to the popular lines in the Lake Balaton area, new locations include lines around the […]

Record Revenue and Earnings at AutoWallis

D&T
May 28, 2022

AutoWallis Group, present in 14 countries in the region, closed the first quarter with growth that far exceeded the market average and an exceptional improvement in efficiency. The Group’s net earnings increased more than five-fold to HUF 1.9 billion, its EBITDA more than doubled to HUF 3.1 billion, and its revenue increased by 18%. This […]

Hungarians’ Expectations Have Deteriorated Dramatically

D&T
May 28, 2022

According to a recent survey by Scale Research, the subjective income situation, borrowing openness and savings expectations of the population have now sunk to the levels seen during the coronavirus epidemic, with the last two years of strengthening almost disappearing from the population's expectations, the portfolio.hu business news portal reports. This March, only 15% of […]

Introducing Flanders to Hungary

D&T
May 27, 2022

The Flanders Investment & Trade (FIT) representation office in Budapest has two main missions: assisting Flemish companies in their export activities to Hungary and attracting Hungarian potential investors to Flanders. As the head of the office, Trade & Investment Counsellor Szonja Bender, explains to Diplomacy&Trade, most of the Flemish companies who contact their office are […]

Technology for Smoke-Free Homes

D&T
May 27, 2022

Technology for Smoke-Free Homes! – a unique national program to prevent fire damage and accidents in the home – has been launched in Hungary. The aim of the campaign is to raise public awareness of the problem of burning and smoke and their harmful consequences, while providing information, sensitization and technological tools to help prevent […]

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