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United States

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Kevin A. Murray, Citibank

Keeping the Floodgates Closed

Edith Balázs
Jul 9, 2019

The short-term outlook for the banking industry in Central and Eastern Europe is reassuring, but the financial industry has grown more cautious with respect to lending despite a supportive macroeconomic and industry backdrop, Kevin A. Murray, Chief Executive Officer for Central Europe and Country Head for Hungary tells Diplomacy&Trade. In recent years, countries in Central […]

Hungary - US relations

Scenes from a Marriage

Tamás Magyarics
Jul 9, 2019

Marriages can be of different nature. Some are between equals, others between partners where one is more equal than the other’. U.S.-Hungarian relations clearly fall into the latter category; given the size, the capabilities and the opportunities of the two countries, it is a euphemism used only in polite circles that they are equal partners […]

Ambassador Cornstein at Pápa Air Base

U.S. Keen on Weaning Hungary off Russian Energy

Edith Balázs
Jul 9, 2019

Hungary’s dependence on Russian natural gas imports is a concern for the Trump administration, which seeks to help the eastern European country in diversifying its natural gas supply sources, U.S. Ambassador to Hungary David B. Cornstein tells Diplomacy&Trade in an interview. Hungary’s reliance on Russia for energy supply has repeatedly been highlighted as an issue […]

In the Persian Gulf

Playing for the Galleries

Tamás Magyarics
Jul 9, 2019

Conflicts resurface in the Middle East from time to time. The region's particularly sensitive point is the Strait of Hormuz on the key route of oil shipments. U.S.-Iranian relations have been backsliding since the overthrow of the Shah in early 1979. The hostage crisis in 1979-1981 poisoned bilateral relations almost beyond repair. The Reagan administration […]

Donald Trump and Viktor Orbán

A Breakthrough of Sorts…

Tamás Magyarics
Jun 5, 2019

Prime Minister Viktor Orbán paid a long overdue visit to the President of the United States on May 13, 2019. The last time he had an invitation from the White House was almost 20 years ago, and the latest time a Hungarian Prime Minister paid an official visit to a U.S. President was in 2005. […]

László Szabó (on the left) and David B. Cornstein | US Embassy

Business forum

D&T
Sep 4, 2018

A magyar munkaerõ rendkívüli és nagyon intelligens - jelentette ki az Egyesült Államok budapesti nagykövete egy keddi fõvárosi angol nyelvû üzleti fórumon, amelyet az Amerikai Kereskedelmi Kamara (AmCham) rendezett. David B. Cornstein azt mondta, alacsony a társasági adó kulcsa, a kormányzat ösztönzi az üzletet. Az Egyesült Államok budapesti nagykövete szörnyûnek nevezte, ha egy ország energiaszükségletének […]

The new American ambassador to Hungary

New US Ambassador presents credentials

D&T
Jun 25, 2018

The new ambassador of the United States of America presented his letter of credentials to Hungarian President János Áder in the Sándor Palace in Budapest this Monday. The previous US ambassador, Colleen Bell left her post in January 2017.

American Chargé d’Affaires David J. Kostelancik speaking at the Official Independence Day Celebration | source: facebook/US Embassy

US Embassy celebrates the 4th of July

D&T
Jul 3, 2017

Chargé d’Affaires of the U.S. Embassy in Hungary, David J. Kostelancik has welcomed fellow diplomats and hundreds of other guests at the Official Independence Day Celebration in this country at the Ambassador's residence in the Buda Hills.

Hungarian Parliament's Foreign Affiars Committee in session | US Embassy Budapest

Reasoning and solving problems together

D&T
May 5, 2016

There are appreciable changes in Hungarian-US ties and this is thanks to a sharing of interests in several areas, according to Zsolt Németh, head of parliament’s foreign affairs committee before which US Ambassador Colleen Bell appeared this Thursday.

| MTI / Csaba Krizsán

Shortcomings in Hungary

D&T
Sep 27, 2015

The Government of Hungary does not fully comply with the minimum standards for the elimination of trafficking; however, it is making significant efforts to do so, says the U.S. Department of State in its annual Trafficking in Persons Report, published in July.

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Business Lease presents Tesla in Hungary

D&T
Aug 24, 2015

Business Lease Hungary is the first leasing company that can offer Teslas in collaboration with Tesla in a market that they have no representation. Later Business Lease Slovakia and Czech Republic will follow the Hungarian office.

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'We make this region visible globally'

D&T
Aug 22, 2015

Peter Straèár, head of GE Central Europe thinks it is the task of his team to make the region, including Hungary, visible within the global company while also promoting the benefits of free trade to stakeholders in this part of the world.

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