The property market in Budapest has hit the brakes and the 9,941 transactions recorded in the first half of the year represent a significant 46% drop from the same period a year earlier, according to the weekly analysis published by Ingatlan.com. The average price per square meter of used properties in the Hungarian capital was […]
Slovenian Prime Minister Marjan Šarec addressed representatives of the Slovenian and Hungarian tourism industry Monday at the traditional Slovenia Tourism Promotion Event organized by the Slovenian Tourist Board. The politician highlighted that 24% more Hungarian tourists visited Slovenia in 2018 than in the previous year. "Slovenia is a green country with a wealth of natural […]
Similarly to 2017, Airbnb activity in Budapest increased by 25% year-on-year last year with overnight stays exceeding 1.8 million. Overnight stays recorded by the end of last year surged by 70% compared to 2016, according to a report released by Colliers International and Hotelschool The Hague. The Airbnb services in Budapest comprise more than 10,000 […]
Authentic Chinese cuisine, unadulterated and unadjusted to Western tastes, is still hard to come by in the Hungarian capital. One Chinese restaurateur has been working hard for nearly three decades to showcase Chinese cuisine that hits all the right notes. Qiang Wang, dubbed Wang mester (Master Wang), arrived in Hungary in 1991, at the age […]
Children planted crocus bulbs in front of the Dohány Street Synagogue in Budapest this Thursday. At the end of October, hundreds of thousands of students from 12 countries are planting flowers to commemorate the one and a half million children murdered in the Holocaust. The Hungarian program has begun with flower planting under the motto […]
From introductions to negotiating tactics, the business culture in China, the world’s largest market, is different from European business culture. Being aware of cultural details is vital for commercial success, says Tamás Nádasi, President of the Chinese Committee established by the Hungarian Chamber of Commerce and Industry. Nádasi stresses that cooperation among Hungarian businesses and […]
Mastercard Advisors, a strategic consulting division of Mastercard, is moving its European headquarters to the Hungarian capital and plans to increase the number of consultants to one hundred over the next few years. The recruitment process is already underway, the company told the Hungarian news agency MTI Tuesday. Endre Eölyüs, Managing Director for Hungary and […]
The largest supply of modern office space in 15 countries of Central and Eastern Europe (CEE) was recorded in Warsaw, Budapest and in Prague, while the biggest increase of new supply in the first half of 2019 was noted in Bucharest. The most active tenant sectors are IT, professional services, banking and BPO/SSC. More and […]
The Hungarian-Chinese Chamber of Economy (ChinaCham) aims to enhance Hungary’s role as a logistics and distribution center of Chinese goods for the region. In a previous interview with Diplomacy&Trade, ChinaCham President Ernő Pető stressed that “Europe needs China very much and China also needs Europe.” When asked whether he still stands by this statement, the […]
The Magic Lamp (‘Csodalámpa’) Wish Granting Foundation holds its 3rd Magic Lamp Charity Evening at the Corinthia Hotel Budapest on November 23, 2019. The event’s income will serve the mission of the Foundation: providing emotional and psychological support to children with life-threatening medical conditions, also giving strength and hope through the joy of their realized […]
Taiwan-based five-star airline EVA Air has chosen the Hungarian office of Central European Aviation Solutions Ltd. (CEAS) for sales and marketing. Representing the airline's Vienna office at the announcement in Budapest were Edward Ho. Herbert Hsieh and Philipp Wagner. EVA Air’s Director for Central and Eastern Europe, Edward Ho, said he trusted the cooperation would […]
These things in the title and subtitle have nothing in common, but they are in a way representative of some funny and interesting things that I have encountered since I started working for the Norwegian Ministry of Foreign Affairs in 1980. So, here are three unrelated ‘episodes’ from my life as a diplomat. When joining […]
Qatar Airways held a press conference in Doha to celebrate the launch of its inaugural flight to Langkawi, Malaysia. The four-times-weekly flights to Langkawi will be operated by a Boeing 787 Dreamliner, expanding to five-times weekly from October 27 this year. Hosting the event, Qatar Airways Group Chief Executive, Akbar Al Baker highlighted the award-winning […]
Establishing a presence in a foreign market can often bring about unexpected diff iculties stemming from cultural and linguistic differences, divergent business cultures or lack of specif ic knowledge about market conditions. Hungary’s Export Promotion Agency offers decades of knowhow and expertise to businesses seeking to venture outside Hungary, even to far-flung countries like China, […]
Trucks loaded with food donations queued in central Budapest on World Food Day, in a bid to call attention to food waste and the importance of healthy diets. Beyond raising awareness, the joint action of FAO and the Hungarian Foodbank Association was also designed to help Hungarian families in need. In a bid to emphasize […]
