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Sándor Laczkó
Dec 6, 2022

CzechTrade is the state export promotion agency of the Ministry of Industry and Trade of the Czech Republic. Its aim is to develop international trade and cooperation between Czech and foreign companies. The Director the agency’s Budapest office, Dóra Egressy tells Diplomacy&Trade about the scope of their activities in Czech-Hungarian business relations. As the Director […]

Fuel Sales Help Hungarian Retail Trade Figures

D&T
Dec 5, 2022

In October 2022, the volume of retail trade in both raw and calendar-adjusted data was 0.6% higher than in the same month of the previous year in Hungary, the Central Statistical Office reports. Details reveal that that in October, calendar-adjusted sales volumes decreased by 5.6% in specialized and non-specialized food shops and by 0.9% in […]

Used Car Imports to Hungary Remain at a Low

D&T
Dec 5, 2022

The number of foreign used cars registered this past November did not move upwards either, the JóAutók.hu [‘GoodCars’] dealer portal said in its analysis on Monday, based on fresh data from Datahouse. The number of imported used cars was 9,663, which is 19% lower than the 11,963 registered a year earlier. The monthly sales of […]

Grand Tokaj Expects Higher Pre-Holidays Turnover

D&T
Dec 5, 2022

Grand Tokaj, the most important wine producer in the Tokaj-Hegyalja wine region, expects an increase in turnover in the run-up to the holidays and stable profits in the longer term. The company's CEO, László Rábai told the state news agency MTI that by the end of December, revenue could reach or even exceed HUF 3 […]

Santa Claus Charity Run in Budapest

D&T
Dec 4, 2022

The 10th Anniversary MikuLÁSS [a Hungarian pun made up from Mikulás, that is Santa Claus, and LÁSS, that is Be able to see!] Charity Run was held on Margaret Island this Sunday. The some 1,500 participants had the opportunity to run three different distances on the island in the middle of the Budapest stretch of […]

Responding to the Challenges of the Moment

Sándor Laczkó
Dec 4, 2022

In the second half of 2022, the Czech Republic is holding the rotating Presidency of the Council of the European Union. On this occasion, Diplomacy&Trade has carried an extensive interview with the Czech Ambassador to Hungary, Tibor Bial who presents in detail the priorities of the Presidency in addition to highlighting Czech-Hungarian cooperation in various […]

Judit Polgár Inducted into the World Chess Hall of Fame

D&T
Dec 4, 2022

Hungary’s Judit Polgár, the strongest female chess player of all time, has been inducted into the World Chess Hall of Fame. The ceremony took place during the 6th Annual Strategy Across the Board Gala hosted by the Saint Louis Chess Club and the World Chess Hall of Fame this Saturday evening in Saint Louis, Missouri […]

BUX Index Rose on Rising Turnover This Week

D&T
Dec 4, 2022

The Budapest Stock Exchange (BSE) stock index rose in the week, closing at 45,804.29 points on Friday, up 88.96 points, or 0.19%, from a week earlier, the state news agency MTI reported along with a brief analysis of the week. The weekly turnover of the stock market was HUF 71.297 billion, compared to HUF 51.203 […]

ARTPORT – a Contemporary Art Exhibition

D&T
Dec 3, 2022

An airport is the starting point for exciting discoveries all over the world; it is part of the travel experience. As the gateway to Hungary, the Hungarian capital’s Ferenc Liszt International Airport would like to provide space for Hungarian art and cultural life as well, so that passengers arriving and departing from Hungary can get […]

Challenges Mount for Cinema City

D&T
Dec 3, 2022

Runaway inflation, rising energy prices and changing audience habits are posing extreme challenges for cinemas, including Cinema City. However, the country's biggest cinema chain has no plans to cut the number of screenings, but expects overheads to rise further after January, the business news site napi.hu reports. There are currently no plans to raise prices […]

Over 12,000 People Arrived from Ukraine on Friday

D&T
Dec 3, 2022

On Friday, 6,490 people entered Hungary crossing the Ukrainian-Hungarian border, while 5,612 of those entering at the Romanian-Hungarian border crossing declared that they had arrived from Ukraine, the National Police Headquarters (ORFK) informed the state news agency MTI on Saturday. Of those who entered, police issued 200 people with temporary residence permits valid for 30 […]

Proudly Practicing a Profession of a Lifetime

Sándor Laczkó
Dec 2, 2022

“My main occupation is being a medical doctor, which I enjoy doing and which actually relaxes me and gives me pleasure every minute.” That is the credo of Dr. Béla Merkely, Hungarian interventional and sports cardiologist, university professor and director of Semmelweis University's Heart and Vascular Center. Since July, 2018, he has served as the […]

MoU for Bitcoin Mining Data Center Project

D&T
Dec 2, 2022

Allied Energy Corp, an oil and gas company focused on the leasing and reworking of oil and gas reserves in one of the most prolific hydrocarbon areas in the United States, has announced the signing of an MOU with Budapest-based Enerhash USA LLC and River Energy Group LLC. The companies will work together on the […]

Hungary Proposes Pension Reform to EU as System Faces Long-Term Challenges

D&T
Dec 2, 2022

The Hungarian government has pledged to implement reforms aimed at improving the medium- and long-term budgetary sustainability and adequacy of the pension system. The move comes as part of a series of measures that Budapest is undertaking in exchange for development funds being released by the EU. The European Commission released this week its assessment […]

Hungary 365 Photo Competition Winners Announced

D&T
Dec 1, 2022

This year, 3,500 entries were received for the competition for amateur and professional photographers. A professional jury of renowned experts selected the winning photos from almost 38,000 entries. This year again, professional and amateur photographers were invited to participate in the Hungary 365 photo competition in three categories: nature and landscape, built and tangible heritage, […]

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