According to preliminary data, the deficit of the general government sector in Hungary in the 1st quarter of 2023 was HUF 1,728 billion, 9.8% of GDP, the Central Statistical Office reports. The balance deteriorated by HUF 1,265 billion, or by 6.8 percentage points as a proportion of the GDP, compared to the same period of […]
The Budapest subsidiary of the Stadler Group, which is responsible for the management of the Hungarian railway network, has been transformed into a joint-stock company as of July 1, 2023, the change was justified by the expansion of its scope of duties, which is justified by the control of projects and the strengthening of the […]
Wine Spectator, one of the most influential wine magazines in the world, has recognized the wine lists of three restaurants in Budapest and one in Miskolc. The Wine Spectator, one of the most influential wine magazines in the world, has recognized the wine lists of three restaurants in Budapest and one in Miskolc. For decades, […]
In the first quarter of this year, members of the Hungarian Venture Capital and Private Equity Association (HVCA) invested a total of HUF 3.5 billion in 25 Hungarian companies in 25 transactions, compared to HUF 8.1 billion invested in 31 companies in the same period last year, the association told MTI on Monday. According to […]
The surplus of the external trade in goods amounted to EUR 366 million in April, the adjusted volume of exports decreased by 2.3%, that of imports lessened by 0.3%, compared to March, the Central Statistical Office says in its latest report released this Monday. In April 2023, the volume of exports declined by 1.1% and […]
Bilateral ties between Hungary and the UK have become of a different order of magnitude following Brexit, UK Ambassador to Hungary Paul Fox tells Diplomacy &Trade. Despite political differences over the war in Ukraine and Sweden’s NATO accession, the two countries are enjoying a more direct relationship and economic cooperation is growing dynamically. The Ambassador […]
In an exclusive interview with Andrea Solti, President of the Hungarian Business Leaders Forum (HBLF) and Country Chair of Shell Hungary Plc., Diplomacy&Trade explores HBLF's commitment to championing social causes and promoting diversity and equality in the business sector. With a focus on HBLF's involvement in the European Diversity Month, she sheds light on the […]
The stock index of the Budapest Stock Exchange (BSE) rose this week, with the BUX 50 closing at 505.73 points on Friday, 0.2% higher than a week earlier, MTI reported Sunday morning along with a brief analysis of the week’s trading. Weekly turnover on the stock market was HUF 35.325 billion, up from HUF 32.212 […]
Thibaut Drege has been the General Manager of the Four Seasons Hotel Gresham Palace in Budapest since January this year. He tells Diplomacy&Trade about the importance of creating bonding with the clientele who appreciate the prime location and comfort of the hotel but even more the friendly experience provided by the staff. “This hotel is […]
