With its rich cultural heritage, Mediterranean climate and diverse tourism offering – from historic cities and vibrant cultural life to gastronomy and world-class diving –, Malta continues to reinforce its position as an ideal year-round destination. The latest results presented by the Malta Tourism Authority highlight not only strong growth, but also a clear strategic […]
Belgian universal multi-channel bank-insurer KBC booked a EUR 30 million first-quarter loss at its banking and insurance business in Hungary as a windfall profit tax weighed, the lender said in an earnings report released on Tuesday. KBC booked EUR 215 million in banking and insurance taxes at the business – the full-year amount – up […]
First-quarter net income of Magyar Telekom rose 9% year-on-year to HUF 59.0 billion as margins widened and financial losses narrowed, an earnings report released after the closing bell on Tuesday shows. Revenue edged down 2% to HUF 238.1 billion. Direct costs dropped 10% to HUF 82.7 billion, lifting gross profit 4% to HUF 155.3 billion. […]
The sixteen ministers of the Tisza government took their oath of office on Tuesday afternoon in parliament. At the parliamentary session, Prime Minister Péter Magyar introduced the ministers who then took their oath in a ceremony before the historic flags and signed the relevant documents. He described the task ahead for his government as "work […]
Hungarian Nobel Prize-winning professor at the University of Szeged, Katalin Karikó, is pleased to accept the position of advisor to Health Minister Zsolt Hegedűs, the university’s public relations office said on Tuesday. The statement cited the biochemist as saying that "if the request is for my knowledge and experience, rather than my name, then I […]
It was just last year that the Saint James Vision & Aesthetics Center opened in Budapest's 3rd District with the Maltese Saint James Hospital Group venturing into the field of aesthetics. The CEO of Saint James Hospitals & Clinics, Jean Claude Muscat tells Diplomacy&Trade how the Group, present in Hungary now for 17 years, has […]
First-quarter net income of Hungarian pharmaceutical company Gedeon Richter fell 4% year-on-year to HUF 65.3 billion as operating profit stagnated and net financial gains narrowed, an earnings report published ahead of the opening bell on Tuesday shows. Revenue edged down 2% to HUF 220.2 billion, impacted by the continuing trend of the weaker dollar and […]
The Hungarian Advertising Association and its partner organizations welcome the fact that, among its first measures, the incoming Tisza government has maintained the zero-percent advertising tax rate by elevating emergency regulations to the level of law; at the same time, the organization is calling for the abolition of this tax, the Hungarian Advertising Association told […]
Over the past five years, Danubius Hotels Plc. has spent a total of HUF 50 billion from its own funds on refurbishing its hotels, and the renovations are far from over. The hotel chain has 4,046 rooms across 16 hotels in Hungary; 70% of which have been completely renovated and are ready to welcome guests […]
At the Caviar & Bull Budapest restaurant in the downtown area of the Hungarian capital, every dish tells a story through flavors and textures. The owner of the culinary establishment, Chef Marvin Gauci tells Diplomacy&Trade that when the restaurant was opened in 2017, the goal was to create a destination for guests who wanted something […]
Hungarian foreign policy will not be guided by party interests or the interests of a third country but by the interests of a sovereign Hungary, Anita Orbán, nominee for minister of foreign affairs, said during a hearing at Monday’s session of parliament's foreign affairs committee. She added that her ministry would build a strong diplomatic […]
The E.ON Hungária Group has completed its comprehensive electricity grid development program, which was launched in 2022. The goal of these investments was to ensure that the grid is capable of integrating as much electricity as possible from weather-dependent renewable energy sources, particularly energy generated by residential solar systems. Energy consumption has undergone significant changes […]
This Sunday, the 22nd anniversary of Hungary’s accession to the European Union was celebrated at Szabadság Square, in downtown Budapest, where free concerts, the now-traditional Europe Day race, quizzes, and a variety of programs attracted thousands of visitors throughout the day. The Europe Day events were organized by the European Commission Representation in Hungary and […]
Roberto Buontempo, Ambassador Extraordinary and Plenipotentiary of the Republic of Malta to Hungary, presented his credentials to the Hungarian President at the Sándor Palace in Budapest in the spring of 2024. Since then, while based in Malta, he has been actively involved in the maintenance of bilateral diplomatic relations. Diplomacy&Trade caught up with him at […]
The Budapest Stock Exchange (BÉT) share index, the BUX, ended the week at 134,545.20 points, up 0.57% compared to last Friday’s close. Total trading volume rose from HUF 96.26 billion to HUF 120.60 billion on a weekly basis, with leading stocks posting mixed results. Thanks to favorable international sentiment, the BUX closed higher on Monday, […]
