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Trade

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Péter Szijjártó and Wilbur Ross

Hungarian Foreign Minister Meets With U.S. Commerce Secretary

D&T
Jul 19, 2019

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 […]

| Aleksandar Dmitrovic Photography

Understanding the market

D&T
Jan 12, 2018

“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.

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CETA takes effect

D&T
Sep 21, 2017

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.

Production at Audi Hungária: a significant part of Hungarian exports are produced by German carmakers | Stefan Warter/Audi AG

Improving Hungarian trade figures

D&T
Jul 7, 2017

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.

| source: eu-canada.com

Lobbying against free trade deal with Canada

D&T
Oct 4, 2016

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.

A driving force of Hungarian exports is the car industry: assembly line in the Mercedes plant in Kecskemét | Dávid Harangozó

Hungarian foreign trade posts significant surplus

D&T
Oct 2, 2015

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.

| Luciano Mortula /Shutterstock.com

New trade house to open

D&T
Jul 21, 2015

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.

Budapest China Mart

China Smart Expo in Budapest

D&T
Jun 12, 2014

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.

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Hungary to benefit from global trade agreement

D&T
Dec 9, 2013

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.

Mercedes factory in Kecskemét: Hungarian automotive production could be the force driving up exports | Dávid Harangozó

Promising Hungarian export figures

D&T
Nov 11, 2013

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.

Alessandro Balli | Dávid Harangozó

Speaking for the small Italian firms

D&T
Jan 7, 2013

“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.

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