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August 2022

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Group Director of Development Named at Danubius Hotels

D&T
Aug 3, 2022

Andrea Róna is joining the Danubius Hotels management team as Group Director of Development. She has decades of experience in hotel management and development as well as asset management. Andrea Róna will be responsible for the further expansion and development of the hotel chain, that is turning 50 this year. The expert will be responsible […]

COVID-19: Steep Rise in the Number of Newly Infected

D&T
Aug 3, 2022

Last week, 21,840 new cases of coronavirus were identified in Hungary, 96 patients died, according to data published on Wednesday by the related government information portal. The number of people vaccinated was 6,413,971, of whom 6,200,631 were vaccinated for the second time, 3,889,453 for the third time and 320,083 for the fourth time. A total […]

Richter: Faster Than Expected Growth in the 2nd Quarter

D&T
Aug 3, 2022

In the second quarter of this year, the Hungarian pharmaceutical company Gedeon Richter's sales and profit exceeded analysts' expectations: sales increased by 23.7% to HUF 192.9 billion and profit after tax more than doubled to HUF 77.1 billion in April-June compared to the same period last year, the company said on the website of the […]

Free Evening Screenings on Margaret Island

D&T
Aug 2, 2022

From this Tuesday until August 14, the public can watch free movies sitting on the lawn of the Margaret Island Athletic Center in Budapest. This year's Cinema Island will screen comedies and dramas from Spain, Austria, Poland, Estonia, the Czech Republic, France and Finland. EUNIC Hungary, the Hungarian network of European cultural institutes, will screen […]

Optimism of Hungarian Workers Declines

D&T
Aug 2, 2022

Hungarian workers' optimism has declined after the negative economic consequences of the Russian-Ukrainian conflict and the epidemic measures, and the uncertainty caused by these measures are already having an impact on the labor market, BNP Paribas Cardif Insurance, a credit insurance company, said on Tuesday, based on a joint survey with Medián Institute for Public […]

EUGLOH Alliance Wins New Grant

D&T
Aug 2, 2022

The University of Szeged (SZTE) is a founding member of the European University Alliance for Global Health (EUGLOH) that received the green light to continue its mission and expand its impact for another four years. A statement by SZTE says that during its next phase – EUGLOH 2.0 – the Alliance will gain four new […]

Daily Support for Corporate Clients

D&T
Aug 2, 2022

CIB Bank, the Hungarian subsidiary of the several-centuries-old Italian international banking group Intesa Sanpaolo, offers tailor-made solutions and a state-of-the-art digital service portfolio to its clients all over Hungary. As the Chairman and CEO at CIB Bank, Pál Simák notes to Diplomacy&Trade, “centuries of successful operations are only achievable if you stick to universal values […]

Swiss National Day Reception

D&T
Aug 1, 2022

The Ambassador of Switzerland to Hungary, Jean-François Paroz and his wife, Dr. Yulia Gusynina Paroz welcomed hundreds of guests to the garden of the Embassy of Switzerland in Budapest this Monday evening to celebrate Swiss National Day. The August 1 national day celebrates a treaty of alliance from 1291 between the cantons of Uri, Schwyz […]

Number of Sales and Mortgage Loans Amounts Down

D&T
Aug 1, 2022

The number of sales and the amount of mortgage loans for housing fell significantly in July, with the number of transactions down to 8,978 and the amount of contracts amounting to HUF 110 billion, the real estate brokerage Duna House said in an estimate posted on the Budapest Stock Exchange (BSE) website on Monday. The […]

'Price Naughty Plum' Chosen as Cake of the Country 2022

D&T
Aug 1, 2022

‘Plum Naughty Prince’, the work of pastry chef Orsolya Karikó won the title of Hungary's cake this year, while László Gyuris' cake, Grandma's Favorite, won the title of Hungary's sugar-free cake, according to announcements on Monday in Hungarian Parliament. László Selmeczi, co-chairman of the National Association of Hungarian Confectioners, said the winner of the 16th […]

Hungary's Foreign Trade Balance Worsens

D&T
Aug 1, 2022

In May 2022, the volume of exports was 12% and that of imports 6.4% higher than in the same period of the previous year. The deficit was EUR 95 million, the balance deteriorating by EUR 166 million compared to a year earlier, Hungary's Central Statistical Office reports. Compared to April, the seasonally and working-day adjusted […]

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