14,402 new cases of coronavirus have been found in Hungary in the past week and 54 patients have died, bringing the total number of deaths to 46,790, the related government website coronavirus.gov.hu said in its weekly summary this Wednesday. The number of active infected people is 28,510, with 1,345 coronavirus patients currently in hospital (up […]
Unindustria Ungheria defines itself as a "meeting space for those who recognize Hungary as a place for investment, development and growth of their businesses." As the president of the organization Dr. Roberto Massucco explains to Diplomacy&Trade, their goal is to support the Italian business community, giving value to the associates by organizing meetings, facilitating the […]
Having been operating in Nyírbátor, NE Hungary, for ten years, Diehl Aviation Hungary Ltd. has celebrated the anniversary with yet another development as a production hall worth EUR 6.8 million has been inaugurated that will allow to produce products and parts related to aviation manufacturing. Over 30% of the investment cot is borne by Hungarian […]
EU member countries – with Hungary being the only exception – have agreed on a gas emergency plan for this winter. The aim is to save 15% gas. However, the plan also provides for numerous exceptions. At a special meeting of the ministers responsible for energy on Tuesday in Brussels, the necessary majority for the […]
This Tuesday, the National Bank of Hungary (MNB) raised its base rate by one percentage point, bringing the base rate, which is again the benchmark rate, from 9.75% to 10.75%. The last time the interest rate was this high was in late 2008, during the height of the global financial crisis, when it was cut […]
The average time spent by Hungarians in front of the television screen exceeding four hours per day is among the top in Europe, as is the fact that 91% of households have a traditional TV subscription, according to a survey by the National Media and Infocommunications Authority (NMHH). Providing the details to the state news […]
In the second quarter of 2022, two new office buildings were delivered to the Budapest office market with the total of 30,750 sqm, the new owner-occupied OTP HQ building with a size of 28,000 sqm and Paulay 52 with the size of 2,750 sqm, the Budapest Research Forum Q2 2022 office market summary reports. The […]
As part of an international effort to help containing fires in Slovenia, Hungarian Defense Forces soldiers were helping to extinguish forest fires in Hungary’s southwestern neighbor. Air force units from Austria, Hungary, Italy, Romania, Serbia, Slovakia were assisting Slovenian firefighters in the effort to contain and put out fires. It was on July 20th that […]
Corruption remains a serious problem for EU citizens – and this is especially true for Hungarians: 91% of those polled believe that corruption is widespread in this country, while the EU average is 68%. The European Commission has published the latest Special Eurobarometer on Corruption, which captures citizens' perceptions and experiences, as well as the […]
GKI’s economic sentiment index fell in July to its more than one-year low, the lowest since March last year. According to the empirical survey conducted by GKI Economics Research Co. with the support of the EU, business expectations fell by around eight points since April this year, while consumer expectations dropped by more than 20 […]
“Strengthening Taiwan's official or government relationship with Hungary is one of my priorities.” That is according to the Representative of Taiwan to Hungary, Ambassador Shih-Chung Liu who also tells Diplomacy&Trade about strengthening bilateral economic and cultural relations as well presenting Taiwan to Hungarians – sometimes with unusual methods. The first office representing Taiwan in Budapest […]
Saturday was the hottest day of the year in Hungary so far, the country’s National Meteorological Service (OMSZ) reported on Sunday. Highs averaged between 38 and 39 degrees Celsius, with average temperatures exceeding 29-30 degrees Celsius over a large area, especially in the southeastern half of the country. On Saturday, the hottest temperatures were recorded […]
The summer season at the Hungraian capital's Ferenc Liszt International Airport started with passenger traffic exceeding one million again in June 2022, with 1,208,169 passengers, according to the latest bulletin published by the facility's management company Budapest Airport. The airport returned to 82% of the 2019 figures, meaning that the airport is approaching the pre-pandemic […]
The Budapest Stock Exchange (BSE) share index closed the week at 42,327.67 points, up 6.73% or 2,668.44 points compared to last Friday. Total turnover rose from HUF 40.24 billion to HUF 63.92 billion, with the leading shares, with the exception of Mol, gaining, the state nedws agency MTI reported Sunday morning. The BUX closed the […]
Saturday afternoon saw the closing event of the 27th Budapest Pride series, the parade, which this year was announced under the slogan ‘Take back your future’, the state news agency MTI reports. The LGBTQ community and their supporters marched along the Danube from Carl Lutz Quay to Margaret Bridge, then along the lower quays past […]
