In the first half of 2025, tourist accommodation in Hungary hosted nearly 8.2 million guests, accounting for 18.9 million overnight stays. Guest numbers were 7.8% higher, and overnight stays 4.5% higher, than a year earlier. Hotels accounted for 57% of guests and 55% of overnight stays. Yet these impressive first-half figures should be viewed as […]
The pro forma net profit for the first half of 2025 at the Graphisoft Park office complex in Budapest is EUR 3.88 million, which is almost EUR 400,000 less than the same period of the previous year. However, the difference is primarily the result of one-off items from the previous year, as the lump-sum compensation […]
According to the main organizer of Sziget, Tamás Kádár, the festival, held on Óbuda Island on the River Danube in Budapest, benefited from the infusion of fresh blood, as thanks to the changes and renewal, the event, which ended early Tuesday morning, attracted 416,000 visitors, which is 5% more than last year. "The trend has […]
Star chef – and ‘chef of the stars’ – Wolfgang Puck opened his Hungarian Spago restaurant on the ground floor and terrace of Matild Palace in Budapest four years ago. The anniversary was celebrated with a very special Culinary Retrospective event, where the star chef himself cooked, having brought his team from LA. With him […]
Group's consolidated EBIT for the second quarter of 2025 was EUR 18 million, and EUR 29 million for the first half of the year, representing an increase of 68% and 51%, respectively, compared to the same period last year, according to a report published on the website of the Budapest Stock Exchange. The Group's consolidated […]
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 […]
