More than 130 individuals participated in the financial awareness and self-sufficiency training program organized by Provident Financial Ltd. and the Hungarian Interchurch Aid. This initiative marks the first year of a partnership aimed at enhancing the financial literacy of disadvantaged groups and promoting self-sufficiency among affected families. Building on the success of the past year, […]
The Budapest office of the Japan External Trade Organization (JETRO) looks back at the history of over three decades now. The office’s General Director, Yasunari Miyauchi tells Diplomacy&Trade how the organization helps widening Japanese corporate presence in Hungary and promoting trade and investment between the two countries. The Japan External Trade Organization is a government-related […]
The acquisition effectively supports the company's strategy, which aims to further expand through acquisitions in addition to organic growth and business development, the AutoWallis Group says in a statement. With the acquisition, the AutoWallis Group is establishes its presence in the Czech car retail market in addition to the Hungarian and Slovenian ones, while its […]
The Hungarian Prime Minister Viktor Orbán has officially taken over the presidency of the European Council from the Belgian Prime Minister Alexander De Croo. The handover took place in Brussels on Monday, where Orbán and De Croo held talks to mark the transition. This marks the beginning of Hungary's six-month tenure in the role. During […]
The Ambassador of Japan to Hungary, Hikariko Ono presented her credentials to the Hungarian President in Budapest at the end of March this year. Regarding her first impressions, she tells Diplomacy&Trade that as she begins her tenure in this country, she is deeply humbled to be serving “in this distinguished European nation, renowned for its […]
Budapest's Ferenc Liszt International Airport welcomed two new Chinese flights in the last week of June, with the launch of direct Guangzhou-Budapest and Xi’an-Budapest flights. Together with the Budapest-Shenzhen route, which will join the new additions in August, a total of seven direct passenger flights will be available between Budapest and China, the airport operator […]
The Budapest Stock Exchange's share index, the BUX, closed the week at an all-time high of 72,094.79 points, up 1715.87 points or 2.44%, MTI reported this Sunday along with a brief analysis of the week's trading. Total weekly turnover rose from HUF 55.49 billion to HUF 72.151 billion, with the leading shares, with the exception […]
Hungary will hold the rotating presidency of the Council of the European Union for the second time in its history, from July 1 to December 31, 2024. During this special period, an increased number of delegations will be visiting Hungary, primarily via Ferenc Liszt International Airport. The entire airport community has been preparing in a […]
In a controversial move, Hungary has once again used its veto power to disrupt the European Union's foreign policy, this time blocking a joint statement condemning Russia's ban on 81 European media outlets. Among those blacklisted by the Kremlin are high-profile names like Germany's Der Spiegel, France's Le Monde, and Italy's RAI. The blocked outlets […]
The first scheduled flight from Guangzhou, China, arrived at Budapest's Ferenc Liszt International Airport on Thursday. China Southern airline flies four times a week between the Chinese metropolis and the Hungarian capital. Boglárka Illés, State Secretary for Bilateral Relations at the Ministry of Foreign Affairs and Trade (MFA), is of the view that the launch […]
The Budapest Stock Exchange (BSE) has published its second sustainability report, which also presents the company's 2023 environmental, social and governance (ESG) results, the BSE told MTI. With its annual report, BSE aims to provide direction to capital market participants, it said, explaining the summary of sustainability activities, which it prepares as a voluntary commitment, […]
The Zwack Unicum Plc., the biggest player in Hungary’s spirit market, had total gross sales of HUF 36 938 million in the 2023-2024 financial year – a year-on-year increase of HUF 1,574 million (4.5%). Net sales (sales revenues excluding excise tax and public health product tax [NETA]) were HUF 22 496 million, a year-on-year increase […]
In addition to more than 50 restaurants and wineries from the Balaton region, this year's Balaton Wine & Gourmet will present the culinary specialties of Italy from September 6 to 8 in Veszprém, W Hungary. The festival will also include family programs, free tastings, professional workshops and Michelin-starred chefs' dinners. Balaton Wine & Gourmet aims […]
In 2024, more than a hundred companies have joined in to give fathers the opportunity to bring their children to work on the occasion of the now traditional 'Shoulder to Shoulder with Dad Day', launched six years ago by the Men's Club Independent Social Organisation. This year, Provident Financial Ltd. also joined the program and […]
This Monday, on the 100th anniversary of the founding of the National Bank of Hungary (MNB), the Hungarian Post Office (Magyar Posta) issued an occasional stamp to commemorate the centenary of the Bank. One hundred years ago, on June 24, 1924, the independent Hungarian National Bank started its operations under the leadership of President Sándor […]
