Diplomacy & Trade https://dteurope.com Monthly in print | Daily on the web Tue, 28 Jul 2026 12:41:06 +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 Paks NPP Output Cut as Danube Water Levels Fall https://dteurope.com/energy/paks-npp-output-cut-as-danube-water-levels-fall/ Tue, 28 Jul 2026 11:25:00 +0000 https://dteurope.com/?p=80990 The government has made preparations if any steps are needed to ensure Hungary's secure energy supply, Economy and Energy Minister István Kapitány said in a social media post on Tuesday. The minister acknowledged a cut in the output of the Paks nuclear power plant due to record low water levels on the Danube, which the […]

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]]> National Asset Recovery and Protection Office Set Up https://dteurope.com/news/national-asset-recovery-and-protection-office-set-up/ Tue, 28 Jul 2026 10:15:00 +0000 https://dteurope.com/?p=80985 Hungarian parliament approved the bill on Tuesday to establish the National Office for Asset Recovery and Protection (NVVH). The bill was passed with 143 votes in favor and 47 votes against. The explanatory memorandum to the legislation states that its purpose is to establish a legal framework that ensures the NVVH can effectively carry out […]

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]]> Financial Wellbeing Report on Taking Out Loans https://dteurope.com/finance/financial-wellbeing-report-on-taking-out-loans/ Tue, 28 Jul 2026 08:07:00 +0000 https://dteurope.com/?p=80983 Hungarians are becoming increasingly cautious about taking out loans: nearly two-thirds of them did not take advantage of this option in the past year, and those who were forced to do so – as in recent years – turned first to family members for financial assistance, followed by banks, and then friends and colleagues. That […]

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]]> The American Dream at the Hungarian National Museum https://dteurope.com/exhibition/the-american-dream-at-the-hungarian-national-museum/ Tue, 28 Jul 2026 07:40:00 +0000 https://dteurope.com/?p=80977 A 100-year-old Ford Model T has arrived at the Hungarian National Museum, where it was carefully lifted by crane and wheeled into the building under strict conservation measures. The historic vehicle will feature in the museum's upcoming exhibition, 'The American Dream', opening to the public on Thursday, the museum noted. The Ford Model T, a […]

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]]> Regional Record-Breaking Energy Storage Facility https://dteurope.com/energy/regional-record-breaking-energy-storage-facility/ Tue, 28 Jul 2026 07:02:00 +0000 https://dteurope.com/?p=80968 The largest battery energy storage system in the Central European region, with a total installed capacity of 99.8 megawatts (MW) and a storage capacity of 288.5 megawatt-hours (MWh), has been handed over in Buj, Szabolcs-Szatmár-Bereg County, NE Hungary, Forest-Vill Plc. announced on Monday. According to the announcement, Forest-Vill carried out the design and construction work […]

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]]> Pál Sonnevend Elected Constitutional Court Judge https://dteurope.com/news/pal-sonnevend-elected-constitutional-court-judge/ Mon, 27 Jul 2026 15:46:27 +0000 https://dteurope.com/?p=80970 Lawmakers in Hungarian parliament on Monday elected Dr. Pál Sonnevend a Constitutional Court judge, with 138 votes in favor and 6 votes against. The new judge was elected in a secret ballot for a nine-year term. The election was necessitated by the ending of Csaba Hende's mandate as a judge following the 17th amendment to […]

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]]> Bipartisan U.S. Congressional Delegation in Budapest https://dteurope.com/diplomacy/bipartisan-u-s-congressional-delegation-in-budapest/ Mon, 27 Jul 2026 13:51:00 +0000 https://dteurope.com/?p=80973 Hungarian Foreign Minister Anita Orbán hosted a bipartisan U.S. congressional delegation at the Parliament Building on Monday. The meeting focused on defense and economic cooperation. In a post on social media, Anita Orbán emphasized that “Hungary and the United States are bound by a close alliance, shared values and common strategic interests. Our cooperation is […]

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]]> Audi Sales in Hungary Climb Close to 10% https://dteurope.com/automobile/audi-sales-in-hungary-climb-close-to-10/ Mon, 27 Jul 2026 13:25:19 +0000 https://dteurope.com/?p=80964 The number of new Audi models registered in Hungary rose 9.6% year-on-year to 1,904 in the first half of 2026, the exclusive local importer of the vehicles, Porsche Hungaria, said. According to Porsche Hungaria, the Audi brand holds a 3.7% share of the Hungarian passenger car market and a 23% share of the premium segment. […]

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]]> GE Vernova Upgrades Hungarian Base https://dteurope.com/business/ge-vernova-upgrades-hungarian-base/ Mon, 27 Jul 2026 11:41:00 +0000 https://dteurope.com/?p=80966 The US-owned energy equipment manufacturing and services company GE Vernova is upgrading its base in Veresegyház, on the outskirts of the capital. According to the announcement, the upgrade includes a large-scale solar park development, the installation of new production lines, and the commissioning of high-performance, precision machinery. A solar farm is being built at the […]

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]]> Westend Secures Record EUR 290 Million Refinancing https://dteurope.com/finance/westend-secures-record-eur-290-million-refinancing/ Mon, 27 Jul 2026 08:45:00 +0000 https://dteurope.com/?p=80960 Gránit Pólus Group has renewed the financing of the Westend building complex through a EUR 290 million green loan agreement. This is the largest real-estate refinancing transaction in Hungary over the past five years, and it also stands as a record among domestic transactions linked to a single property, the Group says in a press […]

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]]> Lando Norris Wins 41st Hungarian Formula 1 Grand Prix https://dteurope.com/sports/lando-norris-wins-41st-hungarian-formula-1-grand-prix/ Sun, 26 Jul 2026 14:58:00 +0000 https://dteurope.com/?p=80950 McLaren driver Lando Norris, the reigning world champion, won the 41st Formula 1 Hungarian Grand Prix on Sunday at the Hungaroring, in Mogyoród, just east of Budapest. The 26-year-old, starting from pole position, secured his first win of the season and the 12th of his career. This was his second victory at the Hungaroring following […]

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]]> BUX Up This Week Amid Increasing Trading Volume https://dteurope.com/economy/bux-up-this-week-amid-increasing-trading-volume/ Sun, 26 Jul 2026 14:38:00 +0000 https://dteurope.com/?p=80953 The Budapest Stock Exchange (BSE) stock index rose this week amid increasing trading volume; on Friday, the BUX closed at 143,471.05 points, up 1.77% from the previous week. Weekly trading volume totaled HUF 106.9 billion, up from HUF 102.8 billion the previous week; leading stocks, with the exception of Richter, gained ground, and Mol reached […]

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]]> Anti-Graft Measures to Secure HUF 6,000 Bn in EU Funds https://dteurope.com/economy/anti-graft-measures-to-secure-huf-6000-bn-in-eu-funds/ Sun, 26 Jul 2026 13:58:00 +0000 https://dteurope.com/?p=80955 Hungary will secure HUF 6,000 billion (EUR 16 billion) in EU funds thanks to the anti-corruption measures the government has adopted, Prime Minister Péter Magyar said on social media on Sunday. The prime minister was of the view that the Tisza government had achieved in a few weeks what the Orbán government had failed to […]

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]]> EconMin Continuing Review of State-Owned Companies https://dteurope.com/news/econmin-continuing-review-of-state-owned-companies/ Sat, 25 Jul 2026 15:59:00 +0000 https://dteurope.com/?p=80947 The review of state-owned companies overseen by the Ministry of Economy and Energy is continuing, the ministry's head, István Kapitány, said in a social post on Saturday. The minister wrote that following the Eximbank review, "we are examining contracts and past decisions one by one, thoroughly, and in every case based on documents." He said […]

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]]> House Prices Fell Across All Types of Settlements https://dteurope.com/news/real-estate/house-prices-fell-across-all-types-of-settlements/ Sat, 25 Jul 2026 08:07:00 +0000 https://dteurope.com/?p=80938 According to the latest MNB house price index by the National Bank of Hungary (MNB) for the second quarter of 2026, the annual growth rate in house prices has slowed across all types of settlements, the central bank reports on its website. In Budapest, following a 1.9% rise in the first quarter, house prices fell […]

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