Hungary’s political tensions deepened this week after opposition leader Péter Magyar accused Moscow of direct interference in the country’s domestic affairs. The charge came a day after Russia’s Foreign Intelligence Service (SVR) issued a statement claiming the European Commission was considering “regime change in Budapest” — a move Magyar described as a blatant attempt to […]
Construction output volume, based on raw data, was above the previous year’s level by 2.6% and by 0.9% based on calendar-adjusted index in Hungary in June 2025. Among the main construction groups, the construction of buildings rose by 0.4%, that of civil engineering grew by 6.5%, the Central Statistical Office (KSH) reports. Based on seasonally […]
Arriving in Budapest as Argentina’s ambassador was, in many ways, both a return and a discovery. A return to Central Europe, a region I had studied and explored from various angles throughout my career, and a discovery of a country that welcomed me with a heartfelt blend of history, sophistication, identity and warmth. But above […]
The volume of industrial production in Hungary lagged behind the one year earlier level by 4.9% in June 2024. The working day adjusted index is equal to the non-adjusted one, the Central Statistical Office (KSH) reports. Production declined in the majority of the manufacturing subsections. According to seasonally and working-day adjusted data, industrial output was […]
The logistics service provider Waberer's is building a logistics center covering almost 22,000 square meters in Debrecen, E Hungary. Construction of the facility began last November, the hall reached structural completion in August, and it is expected to start operating at the end of 2025, the Waberer's Group told MTI on Wednesday. The announcement quoted […]
The Aria Hotel Budapest, one of the world's most renowned luxury hotels with a musical theme – each of the four wings dedicated to one of four major genres of music: classical, opera, contemporary and jazz –, celebrates its tenth anniversary in 2025. To mark the occasion, a grand birthday party was held, opening the […]
A 6MW gas engine has begun operating in the Győr Industrial Park, marking the successful completion of the entirely self-financed investment by the energy services firm ALTEO. The power plant, designed around a Wärtsilä 18V34SG gas engine with a capacity of 6MWe, was built in the Győr Industrial Park as a greenfield investment under the […]
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 […]
