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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
If the government does not phase out a gasoline price cap it had introduced, there could be even more serious disruptions in supply than at present, Attila Holoda, energy market expert and former energy state secretary of the Orbán government, told mfor.hu in an interview. Holoda believes that the government will be forced to lift […]
“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 […]
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 […]
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 […]
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, […]
Following the finalization of their contract with the Hungarian oil and gas company Mol, the Polish Orlen Group has entered the Hungarian fuel market and will operate a total of 143 domestic service stations, the company said in a statement. 79 of the stations are already owned by Orlen, but for the time being they […]
