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January 2023

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Erste Bank Opens Dog-Friendly Branches in Hungary

D&T
Jan 4, 2023

From now on, Erste Bank customers do not have to leave their four-legged pets at home when they go to the branch of the financial institution to do business. For the time being, dogs are expected in six branches, and Erste will decide on the dog-friendly concept based on the experience of a two-month trial […]

Pannonhalma, Villány Wins at Hungarian Wine Grand Prix

D&T
Jan 4, 2023

The 2019 Septimus Rajnai Rizling of Pannonhalmi Cseri Winery and the 2019 GT 50 Cuvée of Tamás Günzer Winery of Villány won the 2022 Hungarian Wine Grand Prix, awarded by the Hungarian Wine Writers' Circle (MBK), in the white wine category and the red wine category, respectively. In 2022, MBK evaluated for the seventh time […]

Future FM, the Solution Provider

D&T
Jan 4, 2023

The 100% Hungarian-owned Future FM Facility Management Corporation provides full-ranging facility management services all over the country. Since 1991, their scope of activity has gradually increased in accordance with the changing demand of the market and their customers. As the CEO of the company, Zoltán Mikó explains to Diplomacy&Trade, the facility management market itself is […]

Slight Growth in the Number of Firms in 2022

D&T
Jan 3, 2023

The number of firms continued to grow slightly in 2022, despite the fact that the number of firms that ceased to exist increased by approximately 50% compared to the previous year, the company information service OPTEN told the state news agency MTI on Tuesday. Opten's Company Fluctuation Index (CFI) – which compares the number of […]

Agriculture: Innovation and Digital Development

D&T
Jan 3, 2023

The agricultural sector is receptive to innovation and digital development, but farmers tend to be cautious in their use of these technologies, according to K&H Bank's innovation-based agricultural research told. In the research the results of which were sent to the state news agency MTI on Tuesday, the decision-makers responsible for innovation issues of 360 […]

3.7% Deficit in Proportion of GDP in Quarters 1-3, 2022

D&T
Jan 3, 2023

According to preliminary data, the deficit of the general government sector in the 1st–3rd quarters of 2022 was HUF 1,825 billion, 3.7% of GDP, the country's Central Statistical Office reports. The balance improved by HUF 366 billion, or by 1.7 percentage points as a proportion of GDP compared to the same period of the previous […]

Over 14,000 People Arrived from Ukraine on Monday

D&T
Jan 3, 2023

4,820 people entered Hungary crossing the Ukrainian-Hungarian border this Wednesday, while 9,272 of those entering at the Romanian-Hungarian border crossing declared that they had arrived from Ukraine, the National Police Headquarters (ORFK) informed the state news agency MTI on Tuesday. Of those who entered, police issued 176 people with temporary residence permits valid for 30 […]

Number of New Passenger Cars Registered in Hungary Down

D&T
Jan 2, 2023

In 2022, 111,524 new passenger vehicles were registered in Hungary, 8.5% fewer than in 2021, the Hungarian Association of Motor Vehicle Importers (MGE) told the state news agency MTI on Monday. They pointed out that there was a significant decline in the market of small commercial vehicles, where 23.2% fewer than the previous year, 17,652 […]

Fewer Residential Sales Expected in Hungary This Year

D&T
Jan 2, 2023

Market players expect 90-120,000 fewer residential property sales in 2023 than last year, with the outlook mainly determined by lending rates, changes in utility bills and remaining state subsidies. As the property agency Duna House told the state news agency MTI on Monday, it estimates that 6,474 sales were made on the real estate market […]

Suzuki: 12.43% of the Hungarian Passenger Car Market

D&T
Jan 2, 2023

Suzuki achieved a 12.43% share of the total number of 13,859 passenger cars registered in Hungary in 2022, with the brand leading the domestic new car sales for the seventh year in a row, thanks mainly to its two domestic models, the Vitara and the S-CROSS, Magyar Suzuki Plc. said on Monday, according to Datahouse […]

In Strategic Partnership with the Client

D&T
Jan 2, 2023

Celebrating its 20th anniversary in 2023, Dome Facility Services Group has been providing comprehensive, integrated facility management (FM) services to the Hungarian real estate market while adhering to its proven values. Characterizing the domestic FM market and Dome’s role in it, Gábor Décsi MRICS, Managing Partner at Dome Group, highlights to Diplomacy&Trade that “in the […]

Schengen Rules Apply on the Hungarian-Croatian Border

D&T
Jan 1, 2023

As of 00.00 hours this Sunday, Croatia is a member of the Schengen area, which means that travelers will be able to use Croatian-Hungarian border crossings without stopping and without checks, the Croatian Minister of Foreign and European Affairs announced at a ceremony at the Letenye-Muracsány (in Croatian: Gorican) border crossing Saturday night. In his […]

New Year Message by the Hungarian President

D&T
Jan 1, 2023

"We are a strong, fighting, crisis-resistant nation," the President of the Republic, Katalin Novák said in her New Year's speech. The speech, which has become a tradition every year, is delivered by the Head of State of Hungary, and so it was the first time that Katalin Novák, who took office in 2022, addressed the […]

Budapest Stock Exchange Index Down 13.6% in 2022

D&T
Jan 1, 2023

The Budapest Stock Exchange (BSE) share index, the BUX, closed the year at 43,793.76 points on Friday, down 13.6% year-on-year to 6,926.95 points. The leading shares weakened in 2022, with the exception of Mol, with OTP suffering the biggest loss in value. On the last trading day of the year, the OTP Bank’s stock was […]

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