Diplomacy & Trade https://dteurope.com Monthly in print | Daily on the web Fri, 14 Aug 2026 16:46:03 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://dteurope.com/wp-content/uploads/cropped-dt_favicon-32x32.png Diplomacy & Trade https://dteurope.com 32 32 Sziget Festival Welcomes Visitors from 112 Countries https://dteurope.com/festival/sziget-festival-welcomes-visitors-from-112-countries/ Sat, 15 Aug 2026 08:29:00 +0000 https://dteurope.com/?p=81175 Visitors have arrived at this year’s Sziget Festival from all six inhabited continents, representing a total of 112 countries, ranging from Iceland to New Zealand and from Canada to Japan, press officer Viktória Vető said. Sziget has been Hungary’s most significant cultural and tourist attraction for decades, bringing tens of thousands of visitors to Budapest […]

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]]> Stable Second Quarter at the Printing Company https://dteurope.com/business/stable-second-quarter-at-the-printing-company/ Fri, 14 Aug 2026 16:29:02 +0000 https://dteurope.com/?p=81173 Net sales of ANY Security Printing Company PLC for 2026 amounted to HUF 33.2 billion, which is 5.6 billion (14%) lower than in the base period, the company has announced on the website of the Budapest Stock Exchange. Sales of security products, solutions were HUF 17.2 billion 3.4 billion (16%) lower, than in the base […]

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]]> Hungary Commercial Real Estate Investment Volume Up https://dteurope.com/news/real-estate/hungary-commercial-real-estate-investment-volume-up/ Fri, 14 Aug 2026 12:14:28 +0000 https://dteurope.com/?p=81171 Commercial real estate investment volume in Hungary could exceed EUR 1.2 billion in 2026, with a "strong pipeline of ongoing transactions", property consultancy Colliers said in an analysis. First-half commercial real estate investment volume reached EUR 610 million, climbing 26.7% from the base period, the strongest H1 performance since 2021, according to Colliers director Balázs […]

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]]> Foxpost to Double Sorting Facility Capacity https://dteurope.com/business/foxpost-to-double-sorting-facility-capacity/ Fri, 14 Aug 2026 11:48:00 +0000 https://dteurope.com/?p=81169 Parcel terminal operator Foxpost, a member of Czech Packeta group, is investing around EUR 2 millon to double capacity at its sorting facility in Fót, on the outskirts of the capital, the company has said in a statement. An automated sorting line will boost hourly capacity to 12,000-14,000 from 7,200 packages when it starts operating […]

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]]> Major Festivals Bring Billions to Hungary https://dteurope.com/economy/major-festivals-bring-billions-to-hungary/ Fri, 14 Aug 2026 04:51:32 +0000 https://dteurope.com/?p=81161 Major domestic festivals generate more economic value for Hungary than they cost. The sector generates tax revenue in the billions, while events attracting international visitors generate foreign demand and tourism export revenue. According to calculations by the economic research institute GKI, a major festival with significant international appeal is clearly a net contributor to the […]

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]]> Financial Gains Lift Waberer's Earnings https://dteurope.com/business/financial-gains-lift-waberers-earnings/ Thu, 13 Aug 2026 15:58:00 +0000 https://dteurope.com/?p=81156 First-half net income of Hungarian hauler Waberer's rose 24% year-on-year to EUR 25.9 million, an earnings report published on Thursday shows. Excluding the impact of unrealized financial gains, net income fell 20% to EUR 14.2 million. Earnings per share reached EUR 1.3. Revenue rose 9% to EUR 435.0 million. Revenue of the logistics business rose […]

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]]> Automotive Industry Output Surges 21% in June https://dteurope.com/business/automotive-industry-output-surges-21-in-june/ Thu, 13 Aug 2026 08:41:00 +0000 https://dteurope.com/?p=81152 Output of the automotive industry, Hungary's biggest manufacturing sector, climbed 21% year-on-year in June, a detailed reading of data released by the Central Statisticaql Office (KSH) on Thursday shows. The automotive segment accounted for 27% of manufacturing output during the month. Output of the computer, electronics and optical equipment segment, which accounted for 15% of […]

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]]> Construction Sector Output Edges Down 1.2% in June https://dteurope.com/economy/construction-sector-output-edges-down-1-2-in-june/ Thu, 13 Aug 2026 08:06:00 +0000 https://dteurope.com/?p=81158 Output of Hungary's construction sector inched down 1.2% year-on-year in June, according to data released by the Central Statistical Office (KSH) on Thursday. Construction sector output decreased by 5.0% when adjusted for the number of workdays. Output of the buildings segment fell 5.5% but civil engineering output rose 5.6%. In absolute terms, construction sector output […]

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]]> Construction of Bed Sill on Paks NPP Danube Stretch https://dteurope.com/news/construction-of-bed-sill-on-paks-npp-danube-stretch/ Wed, 12 Aug 2026 13:48:00 +0000 https://dteurope.com/?p=81143 The Hungarian government has ordered the immediate construction of a bed sill on the Danube between the Paks nuclear power plant and the settlement of Dunaszentbenedek, Prime Minister Péter Magyar said in a video message on social media on Wednesday. Two 80-meter barges will also be stationed at the site and can be sunk to […]

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]]> Continest Representative Office in France https://dteurope.com/business/continest-representative-office-in-france/ Wed, 12 Aug 2026 10:23:00 +0000 https://dteurope.com/?p=81148 Building on successful projects in France, Continest’s Rental division has reached another milestone: the company has launched its first representative office in France, the company says in a press release. By leveraging the logistical and cost advantages of a local presence, this partnership makes Continest’s innovative solutions available on even more favorable terms to organizers […]

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]]> One Floor Closer to the Festive Lights https://dteurope.com/hospitality/one-floor-closer-to-the-festive-lights/ Wed, 12 Aug 2026 08:14:00 +0000 https://dteurope.com/?p=81140 One of Budapest’s most distinctive rooftop bars, ‘The Duchess’, located on the top Matild Palace, is once again preparing an exclusive experience for the evening of August 20. During ‘The Higher, The Better’ event guests can mark Hungary’s national holiday high above the city, against the spectacular backdrop of the Danube, with a specially curated […]

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]]> András Baka Elected as President of the Republic https://dteurope.com/politics/andras-baka-elected-as-president-of-the-republic/ Tue, 11 Aug 2026 14:59:41 +0000 https://dteurope.com/?p=81130 Hungarian Parliament elected Dr. András Baka, the former head of the Supreme Court, as President of the Republic on Tuesday. The candidate of the ruling Tisza Party was elected with 140 votes in favor and 6 against in a secret ballot. Born on December 11, 1952 in Budapest, András Baka obtained a doctorate in law […]

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]]> EU Funding Supports Hungarian Road Repair in 2026 https://dteurope.com/infrastructure/eu-funding-supports-hungarian-road-repair-in-2026/ Tue, 11 Aug 2026 14:04:00 +0000 https://dteurope.com/?p=81135 European Union funding is supporting resurfacing and repair projects on 324 kilometers of Hungarian roads in 2026, close to 57% of the total 570 kilometers undergoing maintenance, Transportation and Investment Minister Dávid Vitézy said in a post on social media on Tuesday. Some HUF 149 billion is being spent on the projects, including HUF 58 […]

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]]> Foreign Police Officers on Duty at the Sziget Festival https://dteurope.com/festival/foreign-police-officers-on-duty-at-the-sziget-festival/ Tue, 11 Aug 2026 11:09:00 +0000 https://dteurope.com/?p=81126 British, French, Slovak and Dutch police officers are assisting the work of the Budapest Police Headquarters (BRFK) at this year's Sziget Festival that officially kicked off this Tuesday in Budapest. "We are cooperating with the Civil Guard, the Standby Police and the Metropolitan Municipality's Law Enforcement Directorate to provide external security for the event," a […]

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]]> HUF 524.3 Bn General Government Surplus in July https://dteurope.com/economy/huf-524-3-bn-general-government-surplus-in-july/ Mon, 10 Aug 2026 11:22:28 +0000 https://dteurope.com/?p=81121 Hungary's cash flow-based general government balance showed a HUF 524.3 billion surplus for the month of July, causing the January-July deficit to narrow to HUF 2,857.9 billion, 67.7% of the full-year target, the Finance Ministry said in a preliminary release of data on Monday. The July surplus was supported by a HUF 300 billion decline […]

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