budapest - Diplomacy & Trade

First Bio-CNG bus to start test run in Budapest

D&T — Mon, 02 Nov 2026 11:14:00 +0000

A test run of the first bus powered by biomethane (Bio-CNG), a renewable fuel, begins on Budapest's 132E line, with the vehicle presented in the capital at a press conference held in front of Hungarian oil and gas company MOL's headquarters on Monday. "It is a key strategic goal of the Mol Group to support […]

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EuroVelo Cycle Path to Connect Győr with Budapest

D&T — Sat, 22 Aug 2026 07:51:00 +0000

Hungarian transport and investment minister Dávid Vitézy, has announced plans to build a continuous network of cycle paths connecting the city of Győr in the northwest of the country with the capital. As part of this, a direct cycle path from Komárom via Esztergom to the Danube Bend is being developed now in the framework […]

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Budapest to Host First Street Music Festival

D&T — Tue, 23 Jun 2026 14:25:00 +0000

The Hungarian capital will host its first street music festival, Budapest Play, at ten venues between July 30 and August 1 as well as between August 6 and 8, financed by the capital. At a press conference on Tuesday, the city's mayor, Gergely Karácsony, said that "music is a universal language that we should all […]

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CEU to Hold Livable World Festival in June

D&T — Wed, 03 Jun 2026 07:09:28 +0000

The Central European University (CEU) will hold its Liveable World Festival in Budapest on June 12-13, featuring lectures, film screenings and exhibitions. The events at the university’s downtown Nádor Street building are free, though some require prior registration, MTI reports. The festival will include a discussion with clinical psychologist Annamaria Tari and HaverVagy community founder […]

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Budapest to Be Partner in Smart Use of EU Funds

D&T — Fri, 29 May 2026 20:51:00 +0000

The Hungarian capital is a partner and ally to the central government in ensuring that the EU funds finally arriving in Hungary are used wisely and for the future, Budapest Mayor Gergely Karácsony said in a social media post reviewed by MTI. "The return of EU funds is a big deal and a real cause […]

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Direct Budapest-USA Flight Resumes after Six Years

D&T — Thu, 21 May 2026 08:01:00 +0000

After a six-year hiatus, a direct daily flight once again connects the United States and Hungary from this Thursday. American Airlines' schedule includes the seasonal flight between Philadelphia and Budapest until October 5, MTI reports. The dominant American airliner originally launched its direct seasonal flight to Budapest in 2018, but in 2020, air traffic stopped […]

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In Love with the Hungarian Capital

D&T — Sun, 12 Apr 2026 11:16:00 +0000

This is a difficult text to write. Not just because of my usual procrastination, but because it is a farewell. Through this magazine – Diplomacy&Trade, which has been a regular companion, and WittyLeaks a must to read –, this is, in reality, a goodbye to a country, to friends, to almost six years that turned […]

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Budapest Wins Int’l Urban Development Award

D&T — Wed, 25 Mar 2026 16:02:52 +0000

The Hungarian capital has been selected among the Special Mentions of the Lee Kuan Yew World City Prize 2026, one of the world's most prestigious urban development awards, Budapest Mayor Gergely Karácsony’s announcement is quoted by MTI. In addition to London as the laureate, Antwerp, Budapest, Guangzhou, Taipei and Tianjin have been selected as Special […]

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Moody's Downgrades Budapest Credit Ratings

D&T — Tue, 30 Dec 2025 16:37:00 +0000

Ratings agency Moody's on Monday said it downgraded Budapest's baseline credit assessment (BCA) to ba1 from baa3 and long-term foreign and domestic issuer ratings to Ba1 from Baa3, putting them below investment grade. The capital's mayor considers this downgrade 'obvious' after the government failed to adher to an agreement to meet is financial obligations and […]

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Spaniards, the Most Common Foreign Tourists in Budapest

D&T — Wed, 19 Nov 2025 10:41:00 +0000

Spain, Italy, Germany, and the United Kingdom: these are the countries from which the most foreign tourists come, in that order. On average, they spend 3-6 nights in the capital, during which time more than 62% of them seek out cultural programs such as museums, festivals, and historical sites. 47% of visitors are between the […]

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Official Budapest Christmas Fair Opens

D&T — Fri, 14 Nov 2025 17:20:00 +0000

Free skating, charity opportunities, sparkling lights, delicious flavors and aromas, and magnificent gifts await everyone who is already in the Christmas spirit. In connection with the 152nd anniversary of the capital city, the 2025 Advent and Christmas Market and Winter Experience Park opened this Friday afternoon with Budapest's first festively decorated pine tree as well […]

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Budapest Hotel Market to Beat Pre-Pandemic Record in 2025

D&T — Wed, 05 Nov 2025 13:27:00 +0000

Budapest's hotel market is expected to beat its pre-pandemic guest night record in 2025, property consultancy CBRE said in an analysis on Wednesday. Guest nights at Budapest hotels rose 5.2% year-on-year to 6.2 million in January-August, while guest numbers climbed 7% to 2.6 million, CBRE said. Including other tourism accommodations, such as short-term rentals, guest […]

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Sziget Festival Back in Hungarian Hands

D&T — Tue, 04 Nov 2025 12:16:00 +0000

One of Europe's largest festivals is back in Hungarian hands. Sziget will begin organizing the 2026 event with its current management and organizing team, under the strategic leadership of its founder, Károly Gerendai, according to a press release issued by the event. This will allow Sziget, once again as an independent festival, to further strengthen […]

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Time Out Market Budapest: the Best Hungary Can Offer

D&T — Sun, 12 Oct 2025 10:13:00 +0000

Time Out Market is the world's first food and cultural market, carefully curated by experts to bring the best of a given city together under one roof. In 2014, a historic market building in Lisbon was turned into the first Time Out Market and today, there are twelve such markets globally in cities like New […]

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Budapest Hotels: Nearly 100,000 Guests at F1 Weekend

D&T — Wed, 06 Aug 2025 10:27:00 +0000

During this year's Formula One race weekend, hotels in the capital welcomed nearly 100,000 guests, with occupancy rates exceeding 86%, Visit Hungary told MTI on Wednesday, based on data from the National Tourism Data Center (NTAK). Most foreign guests came from Great Britain, Poland and Germany for the 40th Hungarian Grand Prix, which took place […]

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