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Stronger Airbnb Activity in Budapest

D&T
Oct 28, 2019

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 […]

Weak Summer on the Hungarian Property Market

D&T
Sep 12, 2019

Property market turnover in August was weaker than the usual, producing the weakest summer season of the past four years. Because of a strong year start, the complete data of the first eight months shows no major decrease when compared to previous years, according to the latest Duna House Barometer report.On the Buda side of […]

SMP in Kecskemét

Welcome to Hungary

Edith Balázs
Aug 23, 2019

Indian companies have invested close to USD two billion in Hungary over the past three decades, making the Asian country one of the most prolific sources of capital from the East. Diplomacy&Trade takes a look at the most significant corporate investments that hail from the subcontinent. The 2014 announcement of India’s Apollo Tyres, the world’s […]

Hungary - US relations

Scenes from a Marriage

Tamás Magyarics
Jul 9, 2019

Marriages can be of different nature. Some are between equals, others between partners where one is more equal than the other’. U.S.-Hungarian relations clearly fall into the latter category; given the size, the capabilities and the opportunities of the two countries, it is a euphemism used only in polite circles that they are equal partners […]

In the Persian Gulf

Playing for the Galleries

Tamás Magyarics
Jul 9, 2019

Conflicts resurface in the Middle East from time to time. The region's particularly sensitive point is the Strait of Hormuz on the key route of oil shipments. U.S.-Iranian relations have been backsliding since the overthrow of the Shah in early 1979. The hostage crisis in 1979-1981 poisoned bilateral relations almost beyond repair. The Reagan administration […]

Donald Trump and Viktor Orbán

A Breakthrough of Sorts…

Tamás Magyarics
Jun 5, 2019

Prime Minister Viktor Orbán paid a long overdue visit to the President of the United States on May 13, 2019. The last time he had an invitation from the White House was almost 20 years ago, and the latest time a Hungarian Prime Minister paid an official visit to a U.S. President was in 2005. […]

Brexit

Kicking the Can Down the Road – Again

Tamás Magyarics
May 3, 2019

The United Kingdom was supposed to leave the European Union on March 29th, 2019. Then, possibly, on April 12th. Right now, the latest deadline for a soft, that is, negotiated Brexit, and a hard, that is, no deal Brexit is October 31st. However, the bookies in London accept bets for later dates, as well as […]

Kashmir war

A Never Ending Story?

Tamás Magyarics
Apr 3, 2019

The cavalier treatment of nations and peoples by great powers has had a rather bitter legacy on different continents, most notably in Asia and Africa. Post-World War I peace settlements set the stage for ethnic and sectarian conflicts predominantly in the Middle East. The Second World War precipitated the disintegration of the colonial empires of […]

Donald Trump

The Impossible May Be Possible

Tamás Magyarics
Mar 4, 2019

The Super Bowl usually coincides with the U.S. President’s State of the Union (SOTU) speech. During the halftime break in the football game, there was a spectacular show on February 3rd. Two days later there was another spectacular show – this time in the political arena, when President Donald Trump offered a spectacular show of […]

Oil pumps

Oil on Troubled Waters

Tamás Magyarics
Feb 5, 2019

A few decades ago, the initials of the Organization of the Petroleum Exporting Countries were a rather dreaded four-letter word in the Western World, from the U.S. through much of Europe to Japan. This was especially true in the 1970s when the members of OPEC practically held hostage the industrially advanced countries, the so-called first […]

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