A Hungarian girl living in Oman became the 11 millionth visitor in the history of the Sziget Festival, and was welcomed at the entrance on the closing day of the event on Monday. Emília Panna Kormos said that this was her first time at Sziget. The young lady, who was greeted by a crowd of […]
Syrian-born entrepreneur Bassam Abou Watfa, with a background of business education in Switzerland (Geneva, Lausanne), is the representative of several high-end Swiss brands in Hungary. He talked to Diplomacy&Trade in the elegant Hublot Boutique in Budapest about his career from his family business in Syria to ventures in Budapest. Bassam Abou Watfa’s family business was […]
This year, between August 17 and 20, the traditional Festival of Folk Arts in Budapest will be enriched with special Eastern programs: three South Korean masters will present the traditional arts and crafts of their country. At this popular event in Buda Castle, masters Lee Jongyoon, Lee Sangbae, and Kim Suyeon will demonstrate the meticulous […]
The vegetable processing firm Eisberg Hungary, located in Gyál, just southeast of Budapest, is renowned for great working culture, inclusion and innovation. The company, part of the Swiss Bell Food Group, has been maintaining its market leader position for over three decades. A year ago, Eisberg Hungary saw a change in top management as Zoltán […]
The Budapest Stock Exchange's share index, the BUX, closed at a new historic high of 104,286.14 points on Friday, up 1,013.36 points or 0.98%, according to the financial website Pénzcentrum quotes MTI. OTP also broke a record, reaching a new historic high of HUF 30,430. The stock market turnover was HUF 26.2 billion, with the […]
Emil Frey Group Hungary, the Hungarian subsidiary of Swiss-based Emil Frey AG, began operating in Budapest in 1993. Its Country Director, György Balkányi and Emil Frey Hungary Retail Managing Director, Andrea Pethő outline to Diplomacy&Trade how the company has developed over more than three decades, from initially dealing in Toyota retail sales to now importing […]
Academia Europaea (European Academy of Sciences) awards Erasmus Medal to László Lovász, Hungarian research professor at the HUN-REN Rényi Alfréd Mathematical Research Institute and former president of the Hungarian Academy of Sciences, for his outstanding international scientific work. In a statement sent to MTI on Friday, the HUN-REN Hungarian Research Network emphasized that the Erasmus […]
MOL Group announced its financial results for Q2 and H1 2025 on the website of the Budapest Stock Exchange. In the second quarter of the year, MOL Group delivered USD 236 mn profit before tax, marking a 56% decrease year-on-year. According to the statement, slowing regional macroeconomic environment impacted performance adversely in Q2, however, this […]
Hyundai Motor is launching the first global pilot project for the Shucle transportation platform in Hungary as part of the Economic Innovation Partnership Program (EIPP) between South Korea and Hungary. The aim of the project is to support public transport by minimizing empty runs and reducing harmful emissions, Hyundai Holding Hungary Ltd. told MTI. The […]
Consumer prices were 4.3% higher on average in July 2025 than a year earlier, while compared to June, prices were 0.4% higher on average, according to the country's Central Statistical Office (KSH). In 12 months, compared to July 2024:A price increase of 5.9% (4.6% excluding food and beverage serving services) was recorded for food, within […]
Hungarian Prime Minister Viktor Orbán has announced a new home subsidy plan targeting public sector employees as he gears up for a closely-fought 2026 election. The new measure will make doctors, nurses, teachers, and soldiers eligible for an annual home subsidy of HUF 1 million ( USD 2,870). These funds can be used either for […]
Following more than a year of preparatory work, American Airlines has announced that it will resume its non-stop flight between Budapest and Philadelphia from May 2026 - after a 6-year hiatus. The flight, suspended during the pandemic, was very popular with both American and Hungarian passengers. The service quality of the daily Boeing 787-8 Dreamliners […]
Pisco is a product historically obtained from the distillation of fresh musts from recently fermented “Pisqueras” grapes, which gives an unequalled result. The Embassy of Peru in Hungary has organized “Pisco night” events to introduce this product to the Hungarian audience. At one of these recent events, held at the Budapest Marriott Hotel, Peruvian Ambassador […]
Compared to the previous year, Flextronics' sales revenue decreased by 16.2%. At the same time, the added value has remained essentially unchanged, the company says in its annual report published this Thursday. The primary reason for the decline was the termination of a partnership agreement with a significant share of materials in the industrial business, […]
E.ON Drive Infrastructure (EDRI)'s network of more than 400 electric car charging points has been revamped: the charging stations have been given a new look, the connector markings have been changed, and the background system has also been updated. With the newly introduced ad hoc payment system, customers can now pay for charging without registration […]
