This year, for the first time, the Hungarian beer made with hops from Kastélyosdombó, southern Hungary, was available for tasting on site as the Hungarian Interchurch Aid has organized a charity family picnic in the Erdődy Castle Park under the title "Hop Harvest in Kastélyosdombó." László Lehel, President and Director of the Hungarian Interchurch Aid […]
The exclusive distributor of Technogym equipment in Hungary, Risto Junttila confirms to Diplomacy&Trade that his idea is to convey Technogym’s mission message to the Hungarian people and help them to acquire the importance of wellbeing, to spread the word of a healthier life with proper nutrition, regular exercise and a positive mental approach. “Basically, we […]
Paloznak, a small village of 500 people on the northern shore of Lake Balaton, has once again become the Balaton capital of jazz, funk and soul for three days (August 4-6). The big concerts are held at the main stage next to the village with guest resting on blankets during the day and dancing on […]
In June 2022, the volume of industrial production in Hungary grew 1.5% year-on-year. Based on working-day adjusted data, production rose by 4.8%. According to seasonally and working-day adjusted data industrial output was 0.6% higher than in May 2022, the Central Statistical Office reports. The volume of production grew in the largest weight representing subsections compared […]
A joint survey by UniCredit Bank and SteiGen investigated how aware people in Hungary are of the concept of ESG and what they expect from large companies in the field of sustainability. The responses revealed a surprising result: the majority of respondents still almost only associate environmental protection as an expectation for companies in this […]
In the first six months, MOL Group delivered USD 2.179 bn EBITDA while in Q2 the EBITDA reached USD 1.347 bn, an overall strong result considering the volatile, unpredictable and uncertain external environment, according to financial results for Q2 and H1 2022 announced by the Group on the website of the Budapest Stock Exchange. Upstream […]
Looking back over the past 12 months, it seems that Hungarian shops have been hit by price rises in several waves. The first jump came at the end of last year, when annualized inflation suddenly jumped from 1-2% to around 10%, then from 10% to 20% in February-March this year, and in July the increase […]
The Hungarian government is hoping to reach a deal with the European Commission to unblock billions of euros in EU funds by the end of August. The Cabinet of Prime Minister Viktor Orbán is seeking to diffuse a long-standing conflict between Budapest and Brussels over democratic standards, rule of law and corruption. Following years of […]
Hungary ranks 22nd out of the 27 EU Member States in the Digital Economy and Society Index (DESI) 2022. Over the last few years, it progressed in line with the EU, the latest DESI country report states. On Human capital, the country ranks 23rd, scoring 38 compared to the EU average of 46. 49% of […]
Record quarterly EBIT performance with EUR 10.3 million, financing guaranteed for strategic development plans by successful bond issuance Budapest – these are the main points in Waberer's International reporting its financial results for the three months and half year that ended on June 30, 2022. The report states that the company’s revenue increased by 15.5% […]
Nine more men aged 23-50 have been confirmed to be infected with monkeypox in Hungary, bringing the number of infected cases to 42, the National Public Health Center (NNK) told the state news agency MTI on Thursday. Between July 25 and 31, the infected persons visited their local health service with symptoms suggestive of monkeypox, […]
Reynaers Aluminium is a European developer of aluminum products for the building sector. The company, present in over 40 countries, also provides support for architects, fabricators, project developers, investors and end users. As Country Manager Zoltán Nagy explains to Diplomacy&Trade, the company was founded in Belgium in 1965 and has grown from there. “In Hungary, […]
Retail sales in Hungary are down for the third month in a row. This is according to the latest report of the Central Statistical Office (KSH). On an annual basis, the volume of retail trade increased by 4.5% in June. Compared to May, the volume fell by 0.5%. After the May figure was also revised […]
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 […]
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 […]
