Hungarian President János Áder has convened the inaugural session of the National Assembly for May 2, according to a resolution of the Head of State published on the website of the Office of the President of the Republic. According to the Basic Law (that replaced Hungary’s constitution in 2011), the President of the Republic convenes […]
In addition to the percentage growth, Törley Sparkling Wine Cellar Ltd. had a number of successes last year, the company has announced. Hungaria sparkling wines continued to soar in 2021, with sales of the range exceeding all expectations. As of this month, the company strengthened its management with a new Managing Director. According to a […]
Since Thursday last week, 4,978 new cases of new coronavirus infection have been confirmed in Hungary and 106 people have died, according to the government website koronavirus.gov.hu. This brings the total number of identified infections since the beginning of the outbreak to 1,884,458, while the number of people who have died from coronavirus infection has […]
After five years of renovation, the Ybl Palace, the building of the Hungarian State Opera House on Andrássy Avenue, close to the city center in Budapest, opens its doors to the public in March. The General Director of the Hungarian State Opera, Szilveszter Ókovács describes to Diplomacy&Trade the various aspects of the renewal and the […]
Easter Monday, which is a holiday in Hungary, is a celebration of profane human joy, especially youth. Over the years, this day has become more and more about symbolic customs than about going to church, and sprinkling of girls by boys, which has changed a little, but still retains its roots, is one of the […]
Used cooking oil is considered hazardous waste, but it can be safely disposed of at Mol's more than 350 filling stations, the company said, noting that at Easter, households use more fats than average, which can be recycled by collecting and disposing of it properly. As the state news agency MTI reports, Mol's cooking oil […]
This year, it is the 25th anniversary that Hong Kong became a Special Administrative Region within the People’s Republic of China (PRC) in a ‘one country, two systems’ setup. The deal in 1997 between the United Kingdom and the PRC provided a 50-year long transitory period, during which Hong Kong would be enjoying fairly extensive […]
Tutti Food Ltd. has invested about HUF 1.3 billion to increase capacity and material safety, the company based in Rábapatona, NW Hungary has informed the state news agency MTI. The company received HUF 468.07 million in non-refundable EU funding for the development, with the remainder being supplemented by self-financing and loans. The investment increased the […]
BUX, the stock index of the Budapest Stock Exchange (BSE) rose in the four-day week, closing at 42,999.39 points on Friday, 808.26 points, 1.92% higher than a week ago, the state news agency MTI reported Sunday morning. Turnover was HUF 52.32 billion, up from HUF 115.15 billion the previous week, with leading shares performing mixed. […]
The 176th Balaton boating season started this Saturday, with Balaton Shipping Ltd. (Bahart) expecting its passengers with, among other things, a new timetable and an online ticket purchase option to be introduced from May, the company said at its season opening press conference. The company’s CEO, Gábor Veigl, is quoted by the state news agency […]
Busch-Hungária Ltd. produced about 43,000 tons of heavy vehicle parts last year, which increased the production volume of the iron foundry by 20%. The company based in Győr, NW Hungary, is part of the BPW Group. In a statement to the the state news agency MTI, the Managing Director of Busch-Hungária, Dávid Hegymegi, said that […]
The world-renowned Hungarian company Törley Sparkling Wine Cellar Ltd. celebrates its 140th anniversary this year. Its Managing Director, Gábor Csekei tells Diplomacy&Trade about how they cherish the traditions established by the founder, József Törley at the end of the 19th century. “The spirit of József Törley is still part of the company and its culture. […]
Metalconstruct Aluminium Structures Factory Plc., based in Kecskemét, Hungary, will build a new plant hall and expand its aluminum foundry with new equipment with an investment of about HUF 450 million at its Sirok site in NE Hungary, the company's CEO told the state news agency MTI. CEO Ernő Kis highlighted that the European Union […]
The amount of cash in circulation in Hungary has hit a record in recent months. The explanation is likely to be the uncertainty caused by the war in Ukraine, but the central bank says there is no reason for Hungary to worry. Never before has so much cash been in the hands of Hungarians as […]
A hefty spending spree by the government ahead of April’s elections has left a significant hole in Hungary’s budget at a time when the war in Ukraine is putting further pressure on the country’s financials. With the budget deficit reaching nearly 75% of the annual target by the end of March, the new government will […]
