Articles by #hashtag


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Hungary Upholds Refusal of Russian Oil Ban amid Growing EU

May 13, 2022

Hungary is opposing the European Union’s proposal for a gradual ban on Russian oil imports, with Budapest claiming the plan would be equivalent to dropping an A-bomb on the country’s economy. Meanwhile, tensions are on the rise within the bloc as a handful of dissenting member states are holding up action on a new package […]

OTP Group Supports its Ukrainian Bank

Mar 18, 2022

"OTP Group is supporting Ukraine using all means available to us. We are working under wartime conditions to keep the country's financial infrastructure, and thereby the economy as a whole, operational," the Group said in a statement this Friday. In addition to maintaining the operations of the Group's subsidiary in Ukraine, "we are contributing to […]

Hungarian PM Sees Solution to Russia’s “Security Demands”

Feb 4, 2022

Hungarian Prime Minister Viktor Orbán concluded extensive talks with Russian President Vladimir Putin in Moscow this week as tensions simmer between Russia and the West. The Hungarian premier stressed that proposed sanctions against Moscow would be “pointless” and offered that the gap between Russia’s “security demands” and NATO members’ willingness can be bridged. After nearly […]

Hungary and Ukraine Spar Over Russian Gas Supplies

Oct 1, 2021

Hungary and Ukraine became embroiled in a bitter dispute over Hungary’s long-term natural gas supply agreement with Russia. The two countries issued stern statements as the diplomatic squabble escalated. Governments in Kyiv and Budapest are embroiled in a political standoff after Hungary signed an agreement with Russia on long-term natural gas supply. The dispute ensued […]

Russian President Vladimir Putin at Budapest's Heroes Square | Zoltán Máthé / MTI

Putin visits Hungary

Feb 17, 2015

Russian President Vladimir Putin paid a visit to Budapest on Tuesday, an event widely seen by analysts as a demonstration that - despite Russian aggression in Ukraine - he has found a NATO and EU member that is still willing to receive him.

Cauliflower harvest in Tömörkény

Russian embargo: negligible effect on Hungary

Aug 12, 2014

The Hungarian Ministry of Agriculture says direct effects of the Russian measures on Hungarian agricultural exports are negligible, and primarily cause actual difficulties only to enterprises that export exclusively or to a major extent to Russia.

Hungarian Foreign Minister János Martonyi | Endre Véssey / Hungarian Foreign Ministry

Hungary fully supports sanctions against Russia

Apr 1, 2014

The Hungarian Government will give its full support to any sanctions approved by the European Union against Russia in connection with the crisis in Ukraine, Foreign Minister János Martonyi has said on CNN, the Hungarian Foreign Ministry reports.


Hungary does not recognize Crimea elections

Mar 17, 2014

The Hungarian Ministry of Foreign Affairshas issued a communiqué, which states that Hungary considers illegitimate and illegal the March 16 referendum and its results in the Crimean Autonomous Republic of Ukraine as it violates the constitution.

| Dávid Harangozó

Expertise to find niche markets in Russia

Dec 2, 2013

The Russia Division of MKIK (the Hungarian Chamber of Commerce and Industry) was established in July 2003. Now, it has over a hundred Hungarian members interested in Russian relations - especially SMEs and some larger companies.

Leonid Grigoryevich Shurigin

A lucky choice by fate

Nov 27, 2013

In the recent Russian country focus of Diplomacy & Trade, Leonid Shurigin, the Trade Representative of the Russian Federation in Hungary looks back at an important bilateral event, the the meeting of the Russian-Hungarian Intergovernmental Commission.


Diplomacy & Trade Russian focus presented

Nov 21, 2013

The Diplomacy & Trade Business Club (The Club) presented the Russian focus of Diplomacy & Trade at the 40-year-old Russian Cultural Center in Budapest with diplomats, businesspeople and members of the Russian community in Hungary attending.

| Ruscenter

Ruscenter in Budapest

Valery Platonov
Nov 13, 2013

The official home of Russian Culture in Hungary, the Russian Cultural Center of Budapest offers a wide range of programs in the field of arts, education and science. The Director of the Center Valery Platonov described the institution for the readers of Diplomacy & Trade.


Hungarian-Russian business forum

Oct 9, 2013

On October 24 to 25 the Entrepreneurs' Club Association organizes the 6th Hungarian-Russian International Economic Forum and Businessman Meeting at the Hotel Helia in Budapest. The event features guest speakers from the United States and Russia, as well. claims the bond deal was inked at the Putin-Orbán talks in Moscow in early February | Szilárd Koszticsák/MTI

Russia denies deal to buy Hungary bonds

Feb 7, 2013

Russian officials have denied the validity of a report by the online version of the Hungarian business weekly HVG that it would buy a huge Hungarian FX bond package at a favorable interest rate to help finance Hungary’s state debt without the IMF.

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