In a recent declaration that underscores the deepening ties between China and Hungary, President Xi Jinping characterized the relationship between the two countries as an "all-weather" strategic partnership, following fruitful discussions with Hungarian Prime Minister Viktor Orbán. The announcement came during Xi's visit to Budapest, marking the final leg of his first European tour in […]
Chinese President Xi Jinping is set to embark on a significant European tour in early May, with scheduled visits to France, Hungary, and Serbia, announced Gergely Gulyás, the head of the Prime Minister’s Office in Hungary. The visit, slated for May 8-10, occurs against a backdrop of intense geopolitical developments, including the ongoing conflict in […]
Hungarian and U.S. officials discuss world trade Hungary’s government is an advocate of removing trade barriers and making the world economy as free as possible since the performance of the country’s economy is largely dependent on exports, Minister of Foreign Affairs and Trade Péter Szijjártó told state news service MTI after meeting with U.S. Secretary […]
“Hungary provides great opportunities for Australian companies. It is geographically well placed to tap into the broader continental European opportunities," the Senior Trade Commissioner for Central Europe, Anthony Weymouth tells Diplomacy&Trade.
As of September 21, 98% of all tariffs between Hungary and Canada are eliminated as the Canada-EU Comprehensive Economic and Trade Agreement – known as CETA – comes into effect through provisional application.
Hungary's trade surplus was EUR 913 million in May this year, up 170 million euros from the same month a year earlier. That is according to the latest figures published by the Central Statistical Office and quoted by the Hungarian news agency MTI.
The deputy ombudsman in charge of future generations, Marcel Szabó and representatives of civil organisations called on Hungary’s government not to sign a planned free trade agreement (CETA) between the European Union and Canada.
In July 2015, the volume of exports and imports was up by 6% and 3.4%, respectively, year-on-year. Thus, foreign trade surplus rose to EUR 646 million in the month of July 2015, while the surplus accumulated in the period January-July 2015 reached EUR 4.9 bn.
As a demonstration of further expansion into the American market, Hungary opened a trade house in New York in the early days of May. It will serve as a new gateway for Hungarian companies in the United States. Officials consider more offices to set up elsewhere in the country.
The China Smart Expo 2014 in Budapest aims to bring together Central and Eastern European enterprises with their potential Chinese partners. The exhibitions and trade fairs provide great opportunity to directly meet with the Chinese manufacturers.
The global trade agreement signed at a ministerial conference of the World Trade Organization (WTO) in Bali, Indonesia, represents a positive development for Hungary and Europe, Minister of Foreign Affairs János Martonyi said.
New Hungarian foreign trade figures published by the Central Statistics Office (KSH) show a promising pickup. Data show an increase both in exports and imports for September and the trade surplus has not been this large since early 2011.
“I love this country with all its problems, I love all the people,” wine merchant Alessandro Balli, an Italian businessman, a prominent member of the Italian community in Hungary told the Italian Focus in a recent issue of Diplomacy & Trade.
