In April 2022, 6,484 children were born and 10,852 people died in Hungary according to preliminary data published by the country’s Central Statistical Office. Data show that in the last twelve months, i.e. between May 2021 and April 2022, the number of births diminished by 2.7% and that of deaths by 6.7%, while the number […]
Hungary’s decision to levy extraordinary sectoral taxes is not the first time that Prime Minister Viktor Orbán resorts to unorthodox economic measures to prop up the budget. The announcement on Thursday triggered a selling wave on local financial markets, suggesting that investors are alarmed by the country’s return to economic unorthodoxy. Hungary will impose USD […]
The International Festival of Nature and Environment in Hungary opens on May 27, with more than a hundred films screened in four venues. The three-day event will feature a wide range of family and cultural activities, including scientific lectures, concerts, craft and film activities and exhibitions in the Royal Castle and its park in Gödöllő, […]
The Bosch Group in Hungary increased its sales revenue by 14% last year to HUF 1,711 billion, István Szászi, head of Bosch Group's Hungary and Adriatic region, said at a press conference in Budapest on Thursday, the state news agency MTI reports. He added that the Bosch Group's turnover in the Hungarian market – sales […]
The inauguration of Nissho Hungary Precíziós [‘Precision’] Ltd.’s new plant in Újhartyán, SE of Budapest, is an important milestone for the Japanese-owned company that manufactures secondary processed products made of film and adhesive tape and optical film primarily for automotive electric components. The EUR 10 million investment, 35% of which is covered by Hungarian taxpayers […]
The National Day of the Argentine Republic was celebrated with a reception at the Museum of Military History in the Hungarian capital this Wednesday afternoon. Argentine Ambassador Hernán María Patiño Mayer welcomed members of the diplomatic community in Budapest, those of the Argentinian community in Hungary and others to the event held in the Buda […]
The Budapest Festival Orchestra, rated among the world's top ten classical music ensembles, is launching a program to find and develop young musical talent. The complex program, which is already keeping tabs on the development of 11 young talents, is supported by the AutoWallis Group, which itself relies on the value-added work of talented young […]
Belgium’s primarily French-speaking region, Wallonia and the (bilingual) Brussels-Capital Region maintain a joint representation office in Budapest, operating under the umbrella of the Belgian Embassy. The AWEX (Wallonia Export & Investment Agency) office, in charge of foreign trade promotion in Hungary and foreign investment attraction to these regions, is headed by Edit Ránky as Trade […]
The governing majority of the ruling Fidesz party passed the 10th amendment of Basic Law to extend the government's powers to declare a state of emergency. This will now be possible not only in the event of an epidemic, but also in the event of war in a neighboring country. The government took the opportunity […]
The Embassy of the Republic of Croatia held a diplomatic reception in Budapest this Tuesday to celebrate Croatia’s Statehood Day. Hundreds of people, including members of the diplomatic community in Budapest, those of the Croatian community in Hungary and others, gathered in the Museum of Military History in the Buda Castle in Budapest at the […]
Leading global automotive supplier KOSTAL Group establishes a new business service center (BSC) in Budapest that will employ up to 360 highly skilled workers. The office facility will support and enable the Group’s existing operations in Europe and across the globe. The company is reported to launch a HUF 1.15 billion training program for future […]
In six cities the decrease is significant, in the other municipalities the concentration is stagnating and nowhere is it increasing, the business news site hvg.hu reports. The national average concentration of the coronavirus hereditary agent in wastewater continues to decline in the 20th week, the National Center for Public Health (NNK) said on Tuesday. Significant […]
EUR 25 million more in revenues and 22 million EUR less in losses – this is a concise summary of Budapest Airport’s financial year 2021. Despite a 20% increase in passenger traffic last year and a 36% increase in air cargo volume compared to 2020, the company operating Ferenc Liszt International Airport ended the second […]
After improving by eight points in April, the GKI economic sentiment index fell by five points in May. This is a very significant fluctuation, but the May figure is about the same as a year earlier. According to the empirical survey conducted by GKI Economic Research Co. with the support of the EU, business expectations […]
“Trade relations between Hungary and Belgium have been soaring recently,” the Ambassador of the Kingdom of Belgium to Hungary, Siegfried Peinen tells Diplomacy&Trade in the leading article of the Belgian Focus celebrating the 100th anniversary of diplomatic relations between Hungary and Belgium. Looking back at the history of this century, Ambassador Peinen notes that at […]
