One of the main reasons why I wished to be appointed for a second term as Ambassador of Switzerland to Hungary and why I enjoy my second term so much is certainly the fact that as a Swiss Ambassador to Hungary – and as ambassador of any country in Hungary, I am quite sure – […]
CONSTRUMA – Hungary's largest and internationally recognized construction fair – has opened in the Hungarian capital. Held for the 43rd time this year, it brings together the best in the industry to learn about the latest technologies and find answers to the challenges of the future, according to the event's website. The themes cover the […]
Earlier this year, the Canadian Chamber of Commerce in Hungary (CCCH) held a business breakfast focusing on the uncertainties surrounding the economic policies of the new Trump administration. CCCH President Nicholas Sarvari has summarized for Diplomacy&Trade how much coherence, if any, can be seen in this economic policy so far; how it may affect trade […]
Today, a 15,300- square-meter high-tech production hall jointly developed by Panattoni Hungary and OTP Real Estate Investment Fund has been inaugurated in Debrecen. The plant, which was developed for ZF Chassis Modules in a build-to-suit construction, will supply chassis to BMW's Debrecen plant and is the second development of its kind in Hungary, following the […]
In 2024, solar panels accounted for a quarter of Hungary's electricity generation, the highest share not only in Europe but in the world. The year before last, we ranked third in this comparison, behind Chile and Greece. According to a recent report by the independent international think tank Ember, Hungary's share of solar PV rose […]
In March 2025, consumer prices rose by 4.7% in annual terms. Compared to February, the annual price increase rate decelerated by 0.9 percentage points. Core inflation fell by percentage points and stood at 5.7%. Core inflation excluding indirect tax effects fell to 5.4%, the National Bank of Hungary (MNB) says on its website. On a […]
The real estate developer and real estate investment company WING increased its revenue and EBITDA (earnings before interest, tax, depreciation and amortization) in 2024, according to an investor presentation published on the Budapest Stock Exchange (BSE) website on Monday. The company increased its group-wide revenue from HUF 172.3 billion to almost HUF 198 billion last […]
Buyer interest in prefabricated apartments has halved, after the average price per square meter of these properties rose by 30% in the first quarter compared to the previous three months, and now exceeds HUF 1 million, real estate broker Duna House told MTI on Monday. They pointed out – based on their own data – […]
The Hollókő Easter Festival awaits visitors with folklore programs, Palóc (a local ethnic group) gastronomy, revival of folk traditions and the inevitable sprinkling of water at the four-day event, which this year will include concerts, family and children's programmes in the World Heritage village of Nógrád County, the organiser informed MTI on Monday. According to […]
The Hungarian-Japanese Economic Club (MJGK) was founded in 1971 to provide information, events and networking opportunities for companies and individuals interested in improving economic cooperation between Hungary and Japan. It comes as no surprise that this year, the Club’s activities are mainly related to the world exposition to be held in Osaka. Diplomacy&Trade talked to […]
The E.ON Hungária Group is building more than 120 kilometers of high-voltage transmission lines in the Transdanubian region as part of its Danube InGrid program, the company, which operates the electricity grids of the Danube region, Pest county and Budapest, told MTI on Monday. They stressed that the total value of the investment is HUF […]
In February 2025, the volume of retail trade was 0.2% lower in raw data, or 3.3% higher in calendar (and leap-year effects) adjusted terms, than in the same month of the previous year. Compared to the same period of the previous year, calendar-adjusted sale volumes expanded by 3.5% in specialized and non-specialized food shops, by […]
For the third year in a row, Toyota has been the market leader in Hungary, which is no coincidence, as the brand offers choice for all levels of society. The Japanese car manufacturer says no matter whether you're looking for a small city car, a family hatchback or a futuristic five-door vehicle, Toyota has a […]
Japan, the ‘Land of the Rising Sun’, is one of the most exotic tourist destinations in the world. “The true magnificence of Japan is that it offers something for everyone.” That is how Karolina Simon, the head of travel agency and tour operator Japanspecialist, describes the attractiveness of the far-eastern island country for visitors. With […]
Last year was an outstanding year for VERTIKAL Group, a company implementing the concept of a circular economy and operating in the environmental management, logistics and plastics industries, the company listed on BSE's Xtend platform told MTI on Friday. According to the statement, net sales increased by 67% last year compared to HUF 12.5 billion […]
