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Sándor Laczkó

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Central Bank to Support Green Finances

Sándor Laczkó
Aug 4, 2020

By implementing its Green Program, the National Bank of Hungary (MNB) wishes to contribute to reducing risks related to climate change and other environmental issues and to raising the volume of green market financing in Hungary. Following the measures already taken in the banking sector, the Bank says it will start introducing green finances in […]

European Court of Justice

Privacy Shield Adequacy Decision Invalidated

The European Court of Justice (ECJ) invalidated the Privacy Shield adequacy decision: another milestone in the legislative development on international data protection law. The July 16, 2020 ruling of the European Court of Justice invalidated the Privacy Shield Agreement earlier established between the EU and the USA, an utmost important decision in the field of […]

The Spring When COVID-19 Came

In the WittyLeaks series, Diplomac&Trade regularly publishes the personal accounts of ambassadors and other diplomatic mission leaders accredited to Budapest. This time, the Malaysian Ambassador shares his thoughts of living through periods of epidemic. The rapid and sudden global spread of the novel coronavirus, the cause of the COVID-19 disease, has been disruptive and played […]

Temporarily or Beyond?

During the state of emergency declared after the domestic appearance of COVID-19, a number of legal provisions were adopted, which helped all market participants to adapt to the situation. However, most of these provisions and restrictions were lifted after the end of the state of emergency, but some of them remained in force, since the […]

Frida Kahlo concert at the Mexican Embassy in Budapest

Frida Kahlo Concert at the Mexican Embassy

Sándor Laczkó
Jul 6, 2020

The Mexican Embassy in Budapest hosted a 'Viva la Vida' concert this Monday evening in honor of Magdalena Carmen Frida Kahlo y Calderón, known in the rest of the world as Frida Kahlo. The concert, held in the courtyard of the Embassy and introduced to the over 80 attendees by Ambassador Dávid Nájera, was organized […]

The Landscapes of the Soul...

I remember from my childhood a charming school rhyme: Maybe verdure is more luxuriant elsewhereAnd the birds in the branches are singing more merrilyPerhaps, perhaps, but dearer to the heart isA song from the Vistula River and the sands of Mazovia. These simple words contain a universal feeling of strong emotional bond with the native […]

EU Court Ruling May Affect Future Merger Deals

Viktória Villányi
Jun 27, 2020

The EU General Court’s new approach to merger control may give the green light to an increasing number of merger and acquisition (M&A) deals. On May 28, 2020, the EU General Court annulled the Commission’s prohibition of a merger proposed by two telecom companies, Telefónica UK and its competitor among network operators, Hutchison 3G UK. […]

Budapest Stock Exchange: 30th Anniversary

Sándor Laczkó
Jun 21, 2020

Following the change of regime, the Budapest Stock Exchange (BÉT) reopened its doors on June 21, 1990 with 41 founding members and a single listed share, that of the travel agency IBUSZ. The Hungarian stock exchange started operating on January 18, 1864 in Pest, at the headquarters of the Pest Lloyd Company on the bank […]

Midsummer night 2020 celebration in the Hungarian capital Photo by Swedish Embassy Budapest

Midsummer Night with the Nordics in Budapest

Sándor Laczkó
Jun 19, 2020

Given the COVID-19 situation, the Nordic embassies in the Hungarian capital chose to celebrate Midsummer Night differently - in the form of a webinar. Nordic light is unique. You find it in our design, in our art, in our music, in our values. This time of the year you also find it in our nature […]

House concert in Erzsébetváros

Budapest Festival Orchestra Pandemic Era House Concert

Sándor Laczkó
Jun 8, 2020

With the intention to smuggle a little color and joy into the evenings of the residents of the Hungarian capital, the Budapest Festival Orchestra offers a 10-15 minute serenade to selected apartment houses in the city. As a gift to the residents of Budapest, a few members of the orchestra play to the residential community […]

Raising Awareness through Photography

Sándor Laczkó
Jun 7, 2020

As we reported earlier, Hungarian freelance photographer and photographer of the Alfred Wegener Institute, Esther Horvath was named 1st prize winner for single photos in the Environment category for her picture 'Polar Bear and her Cub' at the 2020 World Press Photo Contest. In this month’s Diplomacy&Trade, she talks about life during the months-long expeditions […]

Japanese food donated to Péterfy hospital

For the Necessary Momentum!

Sándor Laczkó
May 13, 2020

Wishing to highlight the work of healthcare professionals fighting in the frontline against the new coronavirus and untiringly defying the danger, a young Japanese chef has decided to donate Japanese food to the workers of a hospital in Budapest. Japanese chef Takashi Nagatake (pictured in the middle, in blue shirt) opened a new restaurant in […]

Electric Vision

Sándor Laczkó
Mar 4, 2020

Honda is accelerating its electrification plans for Europe by moving forward its goal for all of its European mainstream models to feature electrified powertrains by 2022. The bold new target, recently announced during the 'Electric Vision' event in Amsterdam, is three years ahead of the previously announced 2025 goal, demonstrating the confidence Honda has in […]

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