The National Residential Property Price Index of Duna House representing the overall average closed at a record high 231 points nominal again in Hungary in the first quarter of this year. In real terms, the increase was slower and the index currently stands at 144 points, compared to the previous 135, according to the latest […]

RÁBA Plc. has informed its shareholders and the participants of the capital markets on the website of the Budapest Stock Exchange that based on the preliminary assessment of the unaudited information currently available in the course of the reporting for Q1 of 2022, it is deemed that the quarterly consolidated operating profit of the Rába […]

More than three quarters of Hungarians believe that the country should produce its energy needs at home and not depend on other countries, especially Russian gas, according to a recent opinion poll commissioned by Greenpeace and conducted by the Policy Solutions Institute and ZRI Závech Research in the last week of March. Greenpeace therefore expects […]

Open to the public from this Thursday, the Capa Center – named after the world-renowned documentarist and war photographer Robert Capa (born as Endre Friedman) – hosts a compilation of Hungarian press photography exhibitions in celebration of 40 years of such exhibitions. “Since 1981, the press has changed, the political situation in Hungary has changed; […]

29 mostly elderly, chronic patients died, bringing the official total number of deaths related to the new coronavirus infection over the past 24 hours in Hungary to 46,000, as reported by the related government website koronavirus.gov.hu. In comparison, neighboring Austria (where population is about 90% of Hungary and where COVID-19 testing is extensive) has registered […]

The Russian invasion in Ukraine prompted a huge wave of refugees many of whom arrived to Hungary. On this side of the border, local people and civil organizations gathered to help those forced to flee their home. One of these volunteers is journalist Antal Marosi who tells Diplomacy&Trade about the work he and his fellow […]

Hungarian President János Áder has convened the inaugural session of the National Assembly for May 2, according to a resolution of the Head of State published on the website of the Office of the President of the Republic. According to the Basic Law (that replaced Hungary’s constitution in 2011), the President of the Republic convenes […]

In addition to the percentage growth, Törley Sparkling Wine Cellar Ltd. had a number of successes last year, the company has announced. Hungaria sparkling wines continued to soar in 2021, with sales of the range exceeding all expectations. As of this month, the company strengthened its management with a new Managing Director. According to a […]

Since Thursday last week, 4,978 new cases of new coronavirus infection have been confirmed in Hungary and 106 people have died, according to the government website koronavirus.gov.hu. This brings the total number of identified infections since the beginning of the outbreak to 1,884,458, while the number of people who have died from coronavirus infection has […]

After five years of renovation, the Ybl Palace, the building of the Hungarian State Opera House on Andrássy Avenue, close to the city center in Budapest, opens its doors to the public in March. The General Director of the Hungarian State Opera, Szilveszter Ókovács describes to Diplomacy&Trade the various aspects of the renewal and the […]

Easter Monday, which is a holiday in Hungary, is a celebration of profane human joy, especially youth. Over the years, this day has become more and more about symbolic customs than about going to church, and sprinkling of girls by boys, which has changed a little, but still retains its roots, is one of the […]

Used cooking oil is considered hazardous waste, but it can be safely disposed of at Mol's more than 350 filling stations, the company said, noting that at Easter, households use more fats than average, which can be recycled by collecting and disposing of it properly. As the state news agency MTI reports, Mol's cooking oil […]

This year, it is the 25th anniversary that Hong Kong became a Special Administrative Region within the People’s Republic of China (PRC) in a ‘one country, two systems’ setup. The deal in 1997 between the United Kingdom and the PRC provided a 50-year long transitory period, during which Hong Kong would be enjoying fairly extensive […]

Tutti Food Ltd. has invested about HUF 1.3 billion to increase capacity and material safety, the company based in Rábapatona, NW Hungary has informed the state news agency MTI. The company received HUF 468.07 million in non-refundable EU funding for the development, with the remainder being supplemented by self-financing and loans. The investment increased the […]

BUX, the stock index of the Budapest Stock Exchange (BSE) rose in the four-day week, closing at 42,999.39 points on Friday, 808.26 points, 1.92% higher than a week ago, the state news agency MTI reported Sunday morning. Turnover was HUF 52.32 billion, up from HUF 115.15 billion the previous week, with leading shares performing mixed. […]