Diplomacy & Trade https://dteurope.com Monthly in print | Daily on the web Wed, 27 May 2026 20:52:54 +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 Zwack Earnings Climb on Improved Margin https://dteurope.com/business/zwack-earnings-climb-on-improved-margin/ Wed, 27 May 2026 16:41:04 +0000 https://dteurope.com/?p=79934 After-tax profit of Zwack Unicum, Hungary's biggest spirits maker, rose 6% to HUF 3.2 billion in its business year ended March 31, an earnings report published on Wednesday shows. As MTI notes, sales, net of excise tax and a DRS deposit fee for bottles, edged up 2% to HUF 24.4 billion. Sales of premium products […]

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]]> Parliament Revokes Hungary's Withdrawal from ICC https://dteurope.com/news/parliament-revokes-hungarys-withdrawal-from-icc/ Wed, 27 May 2026 15:19:00 +0000 https://dteurope.com/?p=79929 Parliament, in an exceptional procedure on Wednesday, adopted with 133 votes in favor, 37 against and five abstentions the law on the withdrawal of the revocation of the Rome Statute of the International Criminal Court, adopted by the United Nations Diplomatic Conference in Rome on 17 July 1998, and the Agreement on the Privileges and […]

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]]> Commemorative Coin to Honor Chamber of Commerce https://dteurope.com/news/chamber-of-commerce-honored-with-commemorative-coin/ Wed, 27 May 2026 14:39:00 +0000 https://dteurope.com/?p=79927 The National Bank of Hungary (MNB) issued a commemorative coin for the 175th anniversary of the establishment of the Hungarian Chamber of Commerce and Industry (MKIK) on Wednesday. Central bank governor Mihaly Varga acknowledged the important role MKIK plays fostering ties between business sectors and said the commemorative coin signalled commitment to professional solidarity among […]

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]]> Stable Passenger Traffic at Budapest's Main Airport https://dteurope.com/travel/stable-passenger-traffic-at-budapests-main-airport/ Wed, 27 May 2026 13:09:00 +0000 https://dteurope.com/?p=79923 Passenger traffic at the Ferenc Liszt International Airport of the Hungarian capital remained stable in April; the airport handled 1,675,522 passengers, representing a 0.7% increase compared to the same period last year, the airport operator Budapest Airport says in a statement. In the first four months of the year, a total of 5,831,907 passengers passed […]

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]]> ‘My Dear Friend, Picasso!’ at the Móra Museum in Szeged https://dteurope.com/culture/my-dear-friend-picasso-at-the-mora-museum-in-szeged/ Wed, 27 May 2026 06:45:00 +0000 https://dteurope.com/?p=79917 An exhibition showcasing the relationship between Pablo Picasso and Hungarian visual artists will open on June 20 at the Móra Ferenc Museum in Szeged, Director Ottó Fogas has announced. At a press conference about the exhibition, the curator explained that the exhibition, which opens on Museum Night, will feature not only works by Pablo Picasso […]

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]]> Nearly 4,000 Police Officers to Secure Champions League Final https://dteurope.com/news/nearly-4000-police-officers-to-secure-champions-league-final/ Tue, 26 May 2026 20:34:27 +0000 https://dteurope.com/?p=79905 Close to 4,000 police officers will be on duty to ensure public safety on the day of Saturday’s UEFA Champions League final in the Ferenc Puskás Stadium in Budapest, Zoltán János Kuczik, the deputy of the national police chief said on Tuesday, MTI reports. He told a press conference that fans of Paris Saint-Germain (PSG) […]

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]]> New Electricity Storage System with EU Support in Baja https://dteurope.com/energy/new-electricity-storage-system-with-eu-support-in-baja/ Tue, 26 May 2026 16:09:56 +0000 https://dteurope.com/?p=79908 A new electricity storage system with a capacity of 3 megawatt-hours (MWh) has been built in Baja at a cost of approximately HUF 550 million, according to a statement provided to MTI by the investor, Merital Property Management Ltd. According to the announcement, the company received a non-repayable grant of HUF 202.5 million for the […]

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]]> Róbert Krisztián Re-Elected as MAGE President https://dteurope.com/news/robert-krisztian-re-elected-as-mage-president/ Tue, 26 May 2026 15:17:00 +0000 https://dteurope.com/?p=79912 The Association of the Hungarian Automotive Industry (MAGE) has renewed its leadership; based on a decision by the general assembly, Róbert Krisztián, representing Magyar Suzuki Plc, will continue his work as president, while Zoltán Gábor, representing Deloitte Plc, was elected chairman of the supervisory board, the association informed MTI in a statement on Tuesday. According […]

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]]> AI Economic Value Could Mean 6–7% of Hungary’s GDP by 2030 https://dteurope.com/information-technology/ai-economic-value-could-mean-6-7-of-hungarys-gdp-by-2030/ Tue, 26 May 2026 14:32:00 +0000 https://dteurope.com/?p=79915 According to estimates by the McKinsey Global Institute, artificial intelligence could bring at least EUR 15 billion in automation potential to the Hungarian economy by 2030, which corresponds to 6-7% of GDP, but the total impact on the national economy could be greater if increased productivity also enhances the economy’s regional competitiveness. According to a […]

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]]> Policy Makers Leave Base Rate on Hold at 6.25% https://dteurope.com/economy/policy-makers-leave-base-rate-on-hold-at-6-25/ Tue, 26 May 2026 12:51:00 +0000 https://dteurope.com/?p=79902 The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate unchanged at 6.25% at a monthly policy meeting on Tuesday, MTI reports. The Council also left the O/N deposit rate at 5.25% and the O/N collateralized loan rate at 7.25%. The rates mark the ends of the […]

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]]> Kerosene Supply Stable and Uninterrupted in Hungary https://dteurope.com/travel/kerosene-supply-stable-and-uninterrupted-in-hungary/ Mon, 25 May 2026 12:01:00 +0000 https://dteurope.com/?p=79898 Domestic aviation fuel supply is stable and uninterrupted, the oil and gas company Mol announced. According to its statement, the company is continuously ensuring the necessary kerosene supply for airports and their partners, supply chains are operating securely, and no disruptions are expected, the news portal telex.hu reported this Monday. The site also quotes from […]

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]]> International Reserves Up, Gold Reserves Value Down https://dteurope.com/economy/international-reserves-up-gold-reserves-value-down/ Mon, 25 May 2026 08:37:00 +0000 https://dteurope.com/?p=79894 According to the latest data from the National Bank of Hungary (MNB), Hungary’s international reserves rose above EUR 60 billion again in April, after foreign exchange holdings increased by more than EUR 2 billion. The reserve level strengthened following the decline in March. The value of gold reserves continues to react sensitively to movements in […]

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]]> Budapest Airport Prepared for UEFA Champions League Final https://dteurope.com/travel/budapest-airport-prepared-for-uefa-champions-league-final/ Mon, 25 May 2026 07:09:00 +0000 https://dteurope.com/?p=79890 In addition to the teams, tens of thousands of fans and guests will arrive in Budapest for this highly anticipated global event, traveling on both chartered and commercial flights. In addition to its usual daily passenger traffic, Budapest Airport, the operator of the Hungarian capital's Ferenc Liszt International Airport, will need to handle tens of […]

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]]> Hungarian Stock Market Plummeted This Week https://dteurope.com/economy/hungarian-stock-market-plummeted-this-week/ Sun, 24 May 2026 19:37:00 +0000 https://dteurope.com/?p=79882 The Budapest Stock Exchange’s leading index, the BUX, closed the week down, losing nearly 1.5% of its value. Most leading stocks weakened, with Richter and Mol performing particularly poorly. Meanwhile, flash reports from several large companies and a revision of OTP’s target price also moved the market, the business site penzcentrum.hu quotes MTI’s summary. Amid […]

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]]> Microsoft: Hungary Leads the Visegrád Four in AI Use https://dteurope.com/information-technology/microsoft-hungary-leads-the-visegrad-four-in-ai-use/ Sun, 24 May 2026 12:16:00 +0000 https://dteurope.com/?p=79884 Hungary ranks 19th globally in the use of artificial intelligence, according to a Microsoft survey covering 147 countries, and among the Visegrád countries, Hungary has the highest rate of artificial intelligence usage, MTI reports. According to a Microsoft announcement, 32.2% of the working-age population in Hungary used artificial intelligence in the first quarter of 2026, […]

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