In the WittyLeaks series, Diplomacy&Trade regularly publishes the personal accounts of ambassadors and other diplomatic mission leaders accredited to Budapest. I arrived in Budapest end of November 2021, when the sky is gloomy and grey. I got myself an apartment to rent in downtown District 5 so that I could walk to work. The place […]
By investing nearly EUR 30 million the French Veolia Group is further strengthening its Hungarian presence. Phase 2 of the development marks the installation of new manufacturing technology of the company’s ultrafiltration membrane plant which was now celebrated at the Oroszlány site. 35% of the project that is scheduled to create 85 new jobs is […]
HEINEKEN Hungária Breweries Ltd, a local subsidiary of HEINEKEN International, with its more than a century-old tradition in brewing and its excellent brands is a key player in the Hungarian beer market. In the course of its operations, the company focuses on sustainability, diversity, business values and it even helps to revive Hungarian hop growing […]
DBH Group, an investment and service group engaged in international business with a focus on venture capital, flexible infrastructure and corporate business services will celebrate the 30th anniversary of its establishment next year. Its founder & Chief Executive Officer, Dr. Sándor Erdei talks to Diplomacy&Trade about the business model they pursue while keeping in mind […]
Under a recently signed contract, the electricity company E.ON will build a 4.6 MW small-scale solar power plant next to Bosch's factory in Hatvan, east of Budapest, strengthening both companies' commitment to sustainability. Robert Bosch Elektronika Ltd. of Hatvan and E.ON have signed a Memorandum of Understanding under which the E.ON Hungária Group will build […]
Hungary’s Eszter Barabás won the women's and Mitchell Baum of the United States the men's race at the 38th Spar Budapest Marathon this Sunday. According to the organizers, the Budapest Sports Office, some 23,000 people from 96 countries and more than 1,000 Hungarian towns and villages came to the two-day event, which started at 9 […]
The National Bank of Hungary (MNB) pledged nearly EUR 14 million to the IMF’s Poverty Reduction and Growth Trust (PRGT) through a targeted investment instrument. The pledge has officially been announced by Barnabás Virág, Deputy Governor of the MNB on the margins of the Annual Meetings of the World Bank Group (WBG) and the International […]
Established in 2002, the Budapest-based Netherlands-Hungarian Chamber of Commerce (Dutcham) is a self-financed business association with active co-operation of the Royal Netherlands Embassy in Budapest and the Embassy of Hungary in the Hague. Its aim is to facilitate the exchange of professional expertise and provide networking possibilities for Dutch companies operating in Hungary and also […]
The stock index of the Budapest Stock Exchange (BSE) strengthened this week, closing at 55,929.69 points on Friday, 1.53% higher than a week earlier., MTI reported Sunday morning along with a brief analysis of the week’s trading. The weekly turnover of the stock market was HUF 39.33 billion, up from HUF 33.58 billion the previous […]
Dutch Ambassador to Hungary Désirée Bonis talks to Diplomacy&Trade about the historical connections as well as the current challenges and opportunities characterizing bilateral relations between The Netherlands and Hungary. While differences exist on issues such as the war in Ukraine and EU values, economic cooperation remains strong and cultural exchanges continue to reaffirm ties between […]
The MittelCinemaFest Italian Film Festival will take place in Budapest from November 4 to 12, with 12 recent Italian movies, including several festival winners, being screened at the Puskin and Tabán cinemas in the Hungarian capital. The event, organized jointly by the Italian Cultural Institute of Budapest and Cinecittá, will screen contemporary Italian films in […]
Industrial production in Hungary decreased by 5.3% in August this year according to this Friday's report by the country's Central Statistical Office (KSH) that also strikes a positive note by stating that the manufacture of transport equipment actually grew by 4.6%. The volume of industrial production declined in August 2023 by 5.3%, year-on-year. Based on […]
Total domestic solar capacity topped 5,400 megawatts by the beginning of October, according to latest data summary by MAVIR Hungarian Transmission Operator Co., with the first three quarters adding 1,389 megawatts, more than 300 megawatts more than the gain in twelve months of last year's record year, the Energy Ministry (EM) said on Friday. The […]
The 2023 ’For a Sustainable Future Awards’ have been presented, recognizing outstanding sustainable corporate and leadership achievements, by the Business Council for Sustainable Development in Hungary's (BCSDH) at its annual business lunch. A record number of exceptional submissions were received for the 2023 ’For a Sustainable Future Awards’. These awards were established to acknowledge outstanding […]
An informal European Union summit convened in Granada, Spain, took an unexpected turn when the Prime Ministers of Hungary and Poland blocked a joint EU declaration on migration. The two leaders compelled delegates to omit a passage regarding member countries' views on migration from the carefully crafted declaration that had been in the works for […]
