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Int'l relations
| February 24, 2015
Turkish prime ministerial visitTurkish Prime Minister Ahmet Davutoglu has paid a one-day official visit in Budapest. He was received by his Hungarian counterpart, Viktor Orbán as well as by Hungarian President János Áder, and attended a Turkish-Hungarian business forum.
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Elections in Hungary
| February 23, 2015
Opposition candidate wins by-electionZoltán Kész, an independent candidate supported by the left-wing opposition, won a seat in Hungarian parliament in Sunday's by-election. It means that the ruling Fidesz party (along with its small satellite Christian Democrats) no longer have a two-thirds majority.
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Int'l relations
| February 19, 2015
Hungarian PM criticized in Poland visitHungarian Prime Minister Viktor Orbán was criticized at his visit to Warsaw by his Polish counterpart, Ewa Kopacz for not supporting enough the unity of the European Union. Orbán was refused a meeting with one of his Polish allies for receiving Vladimir Putin.
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Int'l relations
| February 17, 2015
Putin visits HungaryRussian 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.
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Festival
| February 16, 2015
Buso festival in southern HungaryOne of the most popular and spectacular winter events, the Buso festival took place in Mohács, near the Serbian border this past week-end. According to estimates, some 80,000 people gathered in the town to attend the festival.
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Chamber
| February 13, 2015
A chamber with innovation and creativityThis year, the Swiss Chamber of Commerce in Hungary (SwissCham) celebrates the 20th anniversary of its foundation. In the recent Swiss Focus of Diplomacy & Trade, the President of the organization talked about the past two decades and the years to come.
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Exhibition
| February 12, 2015
EuCham Social Business Forum Aiming to spread the knowledge of social businesses and promote corporate responsibility, EuCham - European Chamber is hosting the Social Business Forum in Budapest. Attending and exhibiting are free of charge for accepted registrants.
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Quote of the week
For us, the roots of democracy are always liberal, though not only. Our party CDU has three roots: Christian Democratic, liberal and conservative roots. That’s what makes us a people’s party...I don’t know what to do with the word 'illiberal’ in connection with democracy.
- Angela Merkel, German Chancellor
 
Banking
| February 9, 2015
Hungarian government to buy into Erste BankHungarian Prime Minister Viktor Orbán has announced that his government and the European Bank for Reconstruction and Development (EBRD) will seek to acquire 15-percent stakes in the Hungarian affiliate of Austria's Erste Bank.
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Ambassadors in Budapest
| February 6, 2015
Cherishing the strong Swiss presenceHaving arrived to Hungary over two years ago, the Swiss Ambassador to Hungary, Jean-François Paroz says in an interview in the January issue of Diplomacy & Trade that he is satisfied with the achievement of several goals he set at the beginning of his term.
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Utilities
| February 5, 2015
Hungary launches national utility company next monthHungary’s ruling Fidesz-KDNP caucus has authorised the government to launch the national utility service provider in March, said Fidesz caucus chief Antal Rogán on Thursday. The company will first offer natural gas and later electricity services, as well.
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Int'l relations
| February 2, 2015
Illiberalism cannot be interpretedGerman chancellor Angela Merkel paid a half-day visit to Hungary this Monday. In Budapest, she met with the Hungarian President and the Prime Minister as well as Jewish leaders, managers of German companies in this country, civilians and students.
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Service center
| January 28, 2015
Engineering service center opens in HungaryAs announced earlier this week, Saudi industrial and commercial service provider Sherbiny Holdings will establish an engineering service center in Gödöllő, just east of Budapest.The value of the investment exceeds HUF 150 million (EUR 481 000).
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Ambassadors
| January 23, 2015
U.S. accepts new Hungarian ambassadorThe US Department of State has handed over its agrément to the Hungarian Embassy, under which Réka Szemerkényi, Hungary’s new ambassador to the US, can take up her post in Washington, D.C., the Hungarian Ministry of Foreign Affairs and Trade announced.
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Commerce
| January 22, 2015
BauMax exits HungaryAustrian home improvement center operator bauMax AG has announced its exit from Hungary. The decision, which follows "due consideration", was made due to difficult economic conditions in this country, the company’s management said on Wednesday.
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Ambassadors in Budapest
| January 21, 2015
New American ambassador presents credentialsThe new Ambassador of the United States to Hungary, Colleen Bradley Bell presented her credentials to the President of Hungary János Áder this Wednesday in the Sándor Palace. She also laid a wreath on the Tomb of the Unknown Soldier in Heroes’ Square.
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World affairs
| January 19, 2015
Hungarian named as UN Assistant Secretary-General Hungary's János Pásztor of the World Wildlife Fund (WWF) has been appointed as the first-ever UN Assistant Secretary-General on Climate Change. The announcement has been made by the Secretary-General of the United Nations, Ban Ki-moon.
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Ambassadors in Budapest
| January 14, 2015
Five decades of partnershipThis year, Canada and Hungary has recently celebrated the 50th anniversary of diplomatic relations. On this occasion, Diplomacy & Trade featured a special focus with an interview in it with the Canadian Ambassador to Hungary, Lisa Helfand.
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Automotive industry
| January 13, 2015
The world's largest engine factory in HungaryIn 2014, the world’s largest car engine producer, the Hungary-based plant of German carmaker Audi, produced the biggest number of engines to date and the number of cars rolling out of the factory was the triple of the 2013 figure. The headcount has grown further.
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EU Presidency
| January 9, 2015
Terrorist attack modifies EU Presidency agendaThe extremist Islamic terrorist attack in Paris in early January changed the preset agenda of the Latvian Presidency of the European Council, the Latvian Ambassador Imants Liegis said at a press conference about the program of the Latvian Presidency.
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Terrorism
| January 7, 2015
Hungary condemns terrorist attackThe Hungarian political elite, including governing and opposition parties as well as President János Áder and Prime Minister Viktor Orbán, has condemned the Islamist terrorist attack on the editorial offices of a French magazine in Paris this Wednesday.
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Ambassadors in Budapest
| January 6, 2015
Annual presidential reception for diplomatsThe Palace of Arts in Budapest was the venue of the reception given by Hungarian President János Áder to ambassadors accredited to Hungary. In his speech to the diplomats, the President emphasized the importance peace and that of environment protection.
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EU Presidency
Imants Liegis, the Ambassador of Latvia | January 2, 2015
For competitiveness and growthThe rotating Presidency of the Council of the European Union is fillied in the first six months of 2015 by Latvia. On this occasion, Diplomacy & Trade asked the country's ambassador to Hungary, Imants Liegis, to share his views with our readers.
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Chamber
| December 22, 2014
Professional advisors in a challenging environmentThe Deutsch-Ungarische Industrie- und Handelskammer (German-Hungarian Chamber of Industry and Commerce – DUIHK) looks back at a history of over two decades. Diplomacy & Trade carried a recent interview with the President of the Chamber, Dale A. Martin.
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Banking
| December 19, 2014
Bank of China opens regional center in BudapestThe Bank of China has opened its new Central and Eastern European regional center in Budapest. The bank has had a branch office in Budapest since 2003, serving small and medium size enterprises (SME) sector as well as private individuals.
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energy industry
| December 18, 2014
European loan to Hungary's MVM The European Investment Bank (EIB) is lending EUR 100 million to state-owned MVM Hungarian Electricity Ltd to finance the implementation of its investment program for the period 2013-2018. The EIB loan will facilitate development projects.
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Transport industry
| December 17, 2014
Budapest-Belgrade fast train route to be built by ChinaHungary, Serbia and China signed an agreement on the modernization of the Budapest-Belgrade railroad on Wednesday. It will be part of a transit route to allow the fastest transportation of Chinese goods form Greek harbors to Europe.
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Commerce
| December 16, 2014
Ruling parties ban Sunday shopping in HungaryRepresentatives of the ruling party Fidesz and its small satellite partner Christian Democrats voted this Tuesday to prohibit large-size retail shops from opening on Sundays. No impact study has preceded the ban that is believed to be leading to layoffs.
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Demonstration
| December 15, 2014
Protests and road blockades across HungaryThe LIGA trade union held partial road blockade at 62 points around Hungary from the morning till the afternoon this Monday in protest against a number of government measures which the unions say are disadvantageous to employees.
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Survey
| December 12, 2014
Hungary the 4th poorest in the European UnionBased on the actual consumption of households Hungary was the fourth poorest country in the European Union in 2013, according to Eurostat data published on Thursday. Actual Individual Consumption (AIC) in Hungary was 62% of the EU28 average last year.
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Int'l relations
| December 10, 2014
V4-Switzerland Summit in BratislavaAt a meeting in Bratislava, the Prime Ministers of the Visegrád Group highlighted the importance of Swiss investments in Europe, and with reference to the order of magnitude of those investments, voiced their request that the V4 should benefit more from them.
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Nuclear industry
| December 9, 2014
Paks power plant implementation agreement signedHungary’s state-owned power company MVM and Russia's Nizhny Novgorod Engineering Company Atomenergoproekt have signed three implementation agreements for two new 1,200 megawatt nuclear reactors to be constructed at the Paks power plant.
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Airline industry
| December 5, 2014
Budapest Airport CEO: 'Entrepreneur of the Year'Jost Lammers, the chief executive officer of Budapest Airport received a high-ranking accolade from the Hungarian National Association of Entrepreneurs and Employers. He was named “Entrepreneur of the Year” at an award gala held at the Palace of Arts.
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Diplomacy
| December 3, 2014
New American ambassador to Budapest confirmedThe United States Senate has confirmed Colleen Bell as the next American ambassador to Hungary. Her confirmation had been delayed after Republicans, led by Sen. John McCain, raised objections over her qualifications to represent the U.S. in Hungary.
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Defense
| November 28, 2014
NATO conference in BudapestThe decisions made at NATO's Wales Summit this September are critical to Europe’s security - that was the conclusion drawn by participants at the at the conference entitled NATO 2014: The Alliance after the Wales Summit in Budapest.
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Survey
| November 23, 2014
Slight decrease in economic sentiment indexCompared with its very high October value, the GKI-Erste economic sentiment index adjusted for seasonal effects decreased slightly in November. Expectations remained unchanged in the business sector, whereas they declined among consumers.
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Automotive industry
| November 21, 2014
Suzuki Hungary returns to two-shift production The Hungarian unit of Japanese carmaker Suzuki Motor Corp returns to two-shift production this December from one shift, CEO Ryoichi Oura has announced, adding that the serial production of the new Vitara model will be launched in January next year.
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Diplomacy
| November 18, 2014
2015 Carton Hungaricum Wine Selection A competition has been held to select the list of wines that will be served at Hungarian representations abroad and to international delegations at foreign ministry events in 2015. The Carton Hungaricum wine selection was announced at a gala evening.
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Information technology
| November 17, 2014
IT operations: in-source or outsource solutions?In recent years, companies have undergone a transformation, adapting to the changing market conditions. The role of information technology has also been transformed, it has become a “public utility”, which is essential for the functioning of companies.
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law enforcement
| November 12, 2014
CEPOL moves to BudapestThe European Police College (CEPOL), established in 2005, has been moved from Bramshill, UK to Budapest, therefore, it is the first EU institution to have its headquarters in the Hungarian capital that was selected following a lengthy consultation and application process.
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EU affairs
| November 7, 2014
'BurEUcratia' in Budapest calls for cutting EU red tapeA symbolic imaginary city, 'BurEUcratia', was erected in downtown Budapest to raise awareness of the need to cut EU red tape that hinders business growth and competitiveness in all EU member states, particularly hitting hard on small and medium size enterprises.
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Construction industry
| November 4, 2014
New home building expands in HungaryHome building seems to start taking off in Hungary, the latest release of the Central Statistical Office suggests. The trend which started in early 2014 continued and in the first nine months of the year 27% more new homes were built than in the same period of 2013.
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Ambassadors in Budapest
| October 30, 2014
Making an excellent neighbor better known“Most of the years I have spent abroad are connected to Hungary,” the Slovenian Ambassador in Budapest, H. E. Ksenija ©krilec tells Diplomacy & Trade in a comprehensive interview as part of the newspaper's special focus on Slovenian-Hungarian relations.
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Demonstration
| October 27, 2014
Internet tax: popular protests in Hungarian citiesAbout ten thousand people flocked to the streets in Budapest on Sunday evening to protest against the world’s first internet tax the government plans to implement. Police in riot gear lined up to protect the Budapest headquarters of the governing party.
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EU affairs
| October 22, 2014
Hungarian commissioner portfolio tweakedEuropean Parliament has approved the new EU commission led by Jean-Claude Juncker. The portfolio of the Hungarian commissioner, Tibor Navracsics, has been curtailed, no longer containing citizenship, but sport, alongside culture and education.
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Corruption
| October 18, 2014
'Under 10' Hungarians banned from the U.S. for corruptionThe United States has banned several Hungarians suspected of corruption, including people connected to the government, from entering its territory. Analysts believe the U.S. is angered by Hungarians seeking financial gains at US companies through corruption.
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Real estate
| October 16, 2014
Budapest office market vacancy rate dropsIn the third quarter of 2014, the total Budapest office stock (including owner-occupied and speculative buildings) reached 3,219,380 square meters. The vacancy rate came in at 16.9% in Q3, down 0.7% quarter on quarter and 1.7% year on year.
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Government
| October 15, 2014
Nuclear development company in direct state ownershipDecision-making mechanisms for the preparation of further contracts related to the enlargement of the Paks atomic power station must be shortened, therefore, the government ordered the dedvelopment company to come under direct state control.

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Elections
| October 13, 2014
Governing party wins local elections alsoWith only 43% of those eligible to vote, the governing party Fidesz won the most mayoral positions and local government seats at Sunday's municipal elections on Sunday. In Budapest, István Tarlós retained his mayoral position against a fragmented opposition.
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Ambassadors in Budapest
Sándor Laczkó | October 9, 2014
Strong signals of interest and confidenceOn the occasion that Italy is at the helm of the European Union as the current holder of the rotating presidency, the Italian ambassador to Hungary, Maria Assunta Accili Sabbatini has given an interview published in a recent issue of Diplomacy & Trade.
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Investment
| October 8, 2014
Flame Spray Hungary extends facility in HungaryFlame Spray Hungary, an Italian-owned company engaged primarily in applying special coating on gas turbine and aircraft engine parts, has inaugurated a new 3,000-sqm hall, built with an investment of HUF 500 million, at its base in Szada, east of Budapest.
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EU affairs
| October 6, 2014
Navracsics rejected as EU Commissioner for CultureEuropean Parliament’s Culture Committee rejected the nomination of Hungarian candidate Tibor Navracsics as the new EU Commissioner for Education, Culture, Youth and Citizenship due to his record in a government accused of curbing civic rights.
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Ambassadors
| October 3, 2014
Hungarian ambassador to Norway quits postGéza Jeszenszky has resigned as the Hungarian ambassador to Norway. The website hvg.hu suspects Jeszenszky quit as he had enough of explaining the Hungarian government’s hostile attitude towards NGOs distributing Norway Grant funds.
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law enforcement
| September 29, 2014
Racist conference banned in Budapest The Hungarian Ministry of Interior says it has banned a conference US-based extremist and nationalist international ‘white supremacy’ organization, the National Policy Institute (NPI), is to organize in the Hungarian capital together with Russian radical figures.
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NGOs
| September 24, 2014
Pres. Obama worries about Hungarian civil societyU.S. President Barack Obama pledged expanded support for society groups and "embattled NGOs" at the annual meeting of the Clinton Global Initiative, mentioning Hungary as one of the countries where the civil society is increasingly the subject of intimidation.
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Banking
| September 22, 2014
Raiffeisen does not plan to leave Hungary Exit from Hungary is not on Raiffeisen’s agenda. CEO Heinz Wiedner told a newspaper that Raiffeisen Hungary was profitable in every business segment in the first half of the year, but still incurred serious losses due to government measures.
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Government
| September 19, 2014
Hungarian FM resigns, PM nominates replacementHungarian Foreign Affairs and Trade Minister Tibor Navracsics submitted his resignation to President János Áder and Prime Minister Viktor Orbán. the latter already nominated his former spokesperson Péter Szijjártó, now deputy FM, as the new minister.
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History
| September 11, 2014
Germany expresses gratitude for 1989 openingGermany, the German Embassy in Hungary and the German-Hungarian Chamber of Industry and Commerce have placed posters all over Hungary to say ‘Danke’ for Hungary opening its Western border before East German refugees 25 years ago.
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EU affairs
| September 10, 2014
Hungarian FM’s EU Commissioner post revealedHungarian nominee Tibor Navracsics is to take the post of ‘Commissioner for Education, Culture, Youth and Citizenship’ in the new EU Commission. The list of who will occupy what post in the College of Commissioners was made public this Wednesday.
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Int'l relations
| September 9, 2014
Norway calls Hungarian police raid unacceptableThe Norwegian Minister of EEA and EU Affairs, Vidar Helgesen has issued a statement condemning the harsh action of the Hungarian authorities against the foundation in charge of distributing EEA and Norway Grants to Hungarian NGOs.
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law enforcement
| September 8, 2014
Police raid Norway Grants distributor in BudapestA special unit of the national police force searched the Budapest headquarters of Ökotárs, a foundation coordinating the distribution of funds from the EEA/Norway Grants in Hungary, under suspicion of embezzlement and unauthorised financial activities.
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Conference
| September 2, 2014
Hungarian FM at Bled Strategic Forum in SloveniaThe Hungarian Minister for Foreign Affaires and Trade, Tibor Navracsics stated at the Bled Strategic Forum that while the European Union wants an ever closer union, the Visegrád Group has more modest ambitions yet a high level of cooperation.
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Int'l relations
| August 29, 2014
Foreign ministry statement on Ukraine conflictThe Hungarian Ministry of Foreign Affairs and Trade follows with deep concern recent developments in Eastern Ukraine. One of the opposition parties calls on PM Viktor Orbán to take a stance by Ukraine's territorial integrity and independence.
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Hungarian diplomats
| August 27, 2014
Hungarian diplomats advised to stave off criticismSpeaking at the annual ambassadors' conference at the Hungarian Foreign Ministry, Hungarian Minister of Justice László Trócsányi has called on the country's diplomats to stave off criticism of areas such as Hungary’s judicial system with suitable arguments.
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Hungarian diplomats
| August 25, 2014
Annual Ambassador's conferenceHungarian Prime Minister Viktor Orbán stressed the importance of forging ties between foreign and Hungarian businesses at the annual conference for the country’s top diplomats in the Hungarian Foreign Ministry on Monday.
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Award
| August 22, 2014
Renowned Hungarians receive controversial awardThe President of the Republic János Áder presented internationally acknowledged Nobel Prize-winning author Imre Kertész and internationally renowned inventor Ernő Rubik with the Order of Saint Stephen at the proposal of Prime Minister Viktor Orbán.
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History
Professor Judit Gera, ELTE Department of Dutch | August 21, 2014
Centuries of Hungarian-Dutch RelationsThe recent Holland country focus in Diplomacy & Trade included the view on the Hungarian-Dutch relations by the Dutch Department of the University of Debrecen as well as that of the ELTE University in Budapest. This time we have the article by the ELTE department.
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Anniversary
| August 19, 2014
25th anniversary of the Pan-European picnicThe Pan-European picnic that eventually led to the fall of the Iron Curtain was celebrated with a family day on the Hungarian side of the border on the 25th anniversary of the August 19, 1989 event and with a conference in the nearby town of Sopron.
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Finance
| August 18, 2014
Hungary's debt close to all time highHungary’s gross general government debt was 85.1% of gross domestic product at the end of the second quarter of 2014. It is believed to be related to the peculiar course in Hungary’s debt financing and a correction of the end-2013 doctoring of debt figures.
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Banking
| August 15, 2014
Added valueProfessionals see significant opportunities in the financing of export activities of companies, says István Fetter, the Head of Trade Finance at CIB Bank Hungary. He also explains how his bank is able to provide prefential loans for different firms.
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History
| August 14, 2014
The importance of inter-regional cooperationAt the 25th anniversary of the dismantling of the Iron Curtain, Gergely Prőhle of the Hungarian Ministry of Human Capacities said that freedom consists in small, practical things and depends on how common paths are built, what kind of joint cultural events are organized.
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Agrarian industry
| August 12, 2014
Russian embargo: negligible effect on HungaryThe 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.
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EU affairs
| July 31, 2014
Minister Navracsics nominated as EU CommissionerThe Hungarian Prime Minister has nominated Minister of Foreign Affairs and Trade Tibor Navracsics to serve as Commissioner in the next European Commission (EC). Before the official announcement, Navracsics revealed his nomination on Twitter.
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Ambassadors in Budapest
| July 30, 2014
For a very open, frank and direct dialogue“There is an extensive presence of Dutch companies in this country and they require the attention of our Embassy,” the Dutch Ambassador in Budapest, Gajus Scheltema explains in a comprehensive interview in a recent issue of Diplomacy & Trade.
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Oil industry
| July 23, 2014
Croatia to buy back INA from Hungary's MOLThe Croatian government is urging talks on a secured loan to buy back shares of oil and gas company INA from Hungarian counterpart MOL, Croatian Economy Minister Ivan Vrdoljak was reported by portfolio.hu as saying.
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Electronics industry
| July 18, 2014
Nokia factory to close, Audi might helpMicrosoft Corp announced on Thursday that it plans a "phased exit" from the town of Komárom, W of Budapest, where Nokia employs 1,800 people. The Hungarian arm of German carmaker Audi said they might be able to help those that will be laid off.
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Economy
| July 17, 2014
HEBC for sustainable and inclusive growthThe Hungarian European Business Council, incorporating the most important international companies present in Hungary, has published its 16th annual report, calls on the Hungarian government to create "sustainable and inclusive growth".
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Hungary vs. EU
| July 16, 2014
New EU infringement proceedings against HungaryThe European Commission opened infringement proceedings against Hungary last week over the country’s new electronic toll collection (ETC) system and the unsatisfactory implementation of several EU directives, the MTI news agency reports.
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Automotive industry
| July 15, 2014
Audi to start three-shift production in HungaryGerman car-maker Audi is to introduce a three-shift operation in the middle of August, this year at its plant in Győr, Northwest Hungary. The company says the reason for the change is growing demand for its premium models, especially the TT and the TTS Coupé.
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Military
| July 10, 2014
NATO commanding general visits HungaryLieutenant-General Frederick Ben Hodges, Commanding General, NATO Allied Land Command has paid a visit to Hungary where he met with several commanders of the Hungarian defence forces, discussing Hungarian contributions to NATO operations.
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Finance
| July 7, 2014
Government to eliminate FX loansForeign-currency denominated loans will be eliminated from Hungary's lending market by way of converting them to Hungarian forint (HUF) loans before the end of this year, Minister of National Economy Mihály Varga told public media on Monday.
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Media
| July 4, 2014
RTL prepared to fight Hungarian governmentRTL is prepared to "fight tooth and nail" against Hungary's advertising tax, the words of CEO of the most popular Hungarian commercial TV channel RTL Klub Dirk Gerkens is quoted by portfolio.hu from his interview with the Reuters news agency.
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Commemoration
| June 30, 2014
Europe’s freedom commemorated in SopronThe 25th anniversary of the dismantling of the Iron Curtain was celebrated near Sopron, NW Hungary, where the barbed wire was cut in 1989 to begin the demolition of the closed border. This symbolic gesture is remembered today by a memorial stone.
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Ambassadors in Budapest
| June 25, 2014
Hungary and Norway: a win-win partnership“The main reason for Norway to maintain an embassy in Budapest is because both countries are members of NATO – something very important today in the light of the Ukrainian situation," Norwegian Ambassador Tove Skarstein tells Diplomacy & Trade.
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Real estate
| June 19, 2014
Hungarian expert in Sierra LeoneRecognizing difficulties on the real estate market in Sierra Leone, West Africa, the Hungarian firm TWD Investments Plc. - drawing on the knowledge of its owners about local conditions and the experience of its management - plans various projects in that country.
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Trade
| June 12, 2014
China Smart Expo in BudapestThe 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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Media
| June 6, 2014
News portal editors quit in protestThe entire staff of Origo News have decided to leave the news portal after their editor-in-chief was abruptly fired, reportedly on political pressure, i.e. for their stories opposing and criticising Viktor Orbán and his cabinet too much.
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Government
| May 29, 2014
Prime Minister names members of new cabinetPrime Minister Viktor Orbán has announced the names of his candidates for ministers of his next government in a letter sent to the Speaker of Parliament. Except for three people, the list includes same names as the previous government.
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Judiciary
| May 28, 2014
European Court rules against Hungarian governmentThe European Court of Human Rights ruled that Hungary had fired one of its most senior judges for criticism of the government. The impact of the decision, however, will be mainly symbolic, as the ECHR imposed no punishment on Hungary.
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Finance
| May 21, 2014
ING Investment Management leaves HungaryING Investment Management, which was the third-largest on the Hungarian market in 2010 with HUF 1.2 trillion worth of funds managed, is winding up its local operation. The company’s foreign owner decided to cease operation of the Hungarian unit as of July 2014.
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Innovation
| May 20, 2014
Hungary must become an innovation hubThe Hungarian government will do everything in its power to help Hungary turn into not only a production but an innovation centre, Minister for National Economy Mihály Varga said at the general assembly of the Hungarian Association for Innovation.
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Hungarian economy
| May 14, 2014
SME sector struggling in Hungary The SME sector struggling in Hungary with a sharp rise in bankruptcies and a shattered structure of companies. That was one of the issues were addressed at the Portfolio CEE Private Equity & Corporate Finance conference in Budapest.
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Ambassadors in Budapest
| May 13, 2014
Hungary and Mexico celebrate 40th anniversaryThis year Hungary and Mexico celebrate the 40th anniversary of the reestablishment of diplomatic relations. On this occasion, Diplomacy & Trade has recently presented an interview with the Mexican Ambassador to Hungary, Isabel Bárbara Téllez Rosete.
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Government
| May 10, 2014
PM Orbán enacted for new termHungary's new national assembly re-elected Viktor Orbán as prime minister on Saturday, with 130 votes (of his 133-strong 2/3 majority) in favor and 57 (of the 66-member opposition) against, after which he took the oath of office, and addressed Parliament.
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| May 9, 2014
EEA and Norway Grants to Hungary suspendedNorway has decided to suspend further disbursements of funds to Hungary under the EEA and Norway Grants scheme because the Hungarian government changed the system of the implementation and monitoring of the Grants scheme.
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EU affairs
| April 28, 2014
EU puts on hold paying new bills to Hungary The European Commission is not suspending the payment of development funds for Hungary, but for now, Brussels will only pay the bills submitted by 15 April until every question about the country’s new tendering system is clarified.
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Economic forecast
| April 23, 2014
Economic sentiment rises to 15-year highThe GKI-Erste economic sentiment index, which has been rising spectacularly for 18 months according to seasonally-adjusted figures in Hungary, has gone up in April and expectations reached their highest in more than 15 years.
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Investment
| April 18, 2014
Ferdinand Gross logistics base in Hungary Ferdinand Gross Hungary Ltd., a German company affiliate, the wholesaler of screws and fasteners, small mounting parts and supplies, has inaugurated its logistics base in the Tatabánya industrial park, west of Budapest.
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Economic relations
| April 15, 2014
Proactive help for Finnish firms in Hungary At FinPro, Finland’s national trade, internationalization and investment development organization, the main line of activity is partner searching. In the recent Finland Focus of Diplomacy & Trade, the head of FinPro in Hungary talked about the organization.
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Ambassadors in Budapest
Sándor Laczkó | April 11, 2014
Finland is cooler thank you thinkAs the leading article of its Finalnd focus earlier this year, Diplomacy & Trade carried an interview with the Finnish ambassador to Hungary, Pasi Tuominen who talks about the various aspects of bilateral relations and the spreading of Finnish values.
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OPINION
Constitutional lawyer György Kolláth | April 4, 2014
Fool’s drawIn a thoroughly substantiated opinion written for a recent issue of Diplomacy & Trade, constitutional lawyer György Kolláth is of the view that the new election rules introduced by the governing two-thirds majority clearly favor the governing party.
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Int'l relations
| April 1, 2014
 Hungary fully supports sanctions against RussiaThe 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.
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Crime
| February 11, 2015
Following a month-long investigation, Hungary’s National Tax and Customs Authority (NAV) has busted a huge illegal cigarette factory in co-operation with Europol (the European Police Office). In the February 2 raid, 22 tons of tobacco were seized.
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Service center
| February 10, 2015
The Hungarian government and UNICEF announced this week that they agreed in principle to establish UNICEF’s first-ever Global Shared Services Center in Budapest. It will conduct a broad range of UNICEF’s financial and human resources operations worldwide.
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Agreement
| February 4, 2015
U.S. Ambassador to Hungary Colleen Bell and Hungarian Minister of Human Capacities Zoltán Balog has signed an agreement in Budapest regulating social security issues between the two countries and avoiding a form of double taxation for people.
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Machinery industry
| February 3, 2015
Canada-based diversified global manufacturing company Linamar has set up a new factory facility with a EUR five billion investment in Orosháza, Hungary, 200 kilometres southeast of Budapest. The EU supported project creates 150 new jobs at the company.
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Exhibition
| January 30, 2015
The first life-sized terracotta soldier has been unpacked at the Museum of Applied Arts in Budapest where it will be displayed as part of 'The Treasures of Ancient China' exhibition from February 6, the Hungarian news agency MTI reports.
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Holocaust
| January 27, 2015
January 27 is International Holocaust Remembrance Day. This year, on the 70th anniversary of the largest Nazi death camp, Auschwitz-Birkenau, the Ambassador of the State of Israel, Ilan Mor, has issued a statement on the lessons of the past.
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Commemoration
| January 26, 2015
As part of the commemorations related to the International Holocaust Remembrance Day of January 27, a ceremony was held - with the participation of dignitaries - to mark the renovation of WWI graves in the Kozma Street Jewish Cemetery in Budapest.
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Chamber of commerce
| January 20, 2015
The Canadian Chamber of Commerce in Hungary (CCCH) that celebrated its 20th anniversary in 2013 promotes business for both Canadian and Hungarian companies. Diplomacy & Trade has recently carried this interview with its President, Nicholas Sarvari.
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Education
Katalin Kürtösi | January 16, 2015
The history of Canadian studies in Hungary was explained in the recent Canadian Focus of Diplomacy & Trade Associate Professor in the Department of Comparative Literature at the University of Szeged and the founder of Canadian Studies at that university.
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Diplomacy
| January 15, 2015
Fostering relations between countries and within the family - this is the main theme of the article written for the Witty Leaks section of a recent issue of Diplomacy & Trade by the Deputy Head of Mission at the Embassy of Iraq in Budapest, Dr. Diary Ahmed Majid.
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Sports
| January 12, 2015
Jenő Buzánszky, the last surviving member of Hungary's formidable 1950s national football side, the Golden Team, died at the age of 89 after a long illness this Sunday. He was elected as one of the 12 'Athletes of the Nation' in 2011.
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Demonstration
| January 8, 2015
Civil groups and local Socialist Party activists organised a roadblock in protest of the new road toll regulations. The demonstrators blocked one lane on each side along a 1-km section on dual carriageway M86 near Szombathely, in western Hungary.
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Popular science
| January 5, 2015
According to an internet survey conducted by the Hungarian Ornithological and Nature Conservation Society (MME), the Bird of the Year in Hungary in 2015 is the hoopoe, which finished ahead of the blackbird and the robin in the voting.
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Award
| December 29, 2014
Recipients of the ‘Prestige Award’ given to a winery, a wine bar, a wine shop and a restaurant, who all play a significant role in the world of wines, have been honored at a ceremony at the Kárpátia Restaurant in Budapest earlier this month.
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Festivities
| December 8, 2014
Budapest Week Publishing, the publisher of Diplomacy & Trade, held its Christmas Reception for its partners at the InterContinental Budapest Hotel. Guests included members of the diplomatic community, of the gastronomy industry and businessmen.
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Weather
| December 2, 2014
Extreme weather causes difficulties in traffic and power supply in and around the Hungarian capital. Black ice and trees fallen on roads prevent traffic in the Buda Hills and the surrounding areas. The village of Nagykovácsi has been cut off.
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Sports
| December 1, 2014
World champion Katinka Hosszú has been elected the Swimmer of the Year 2014 among women. She received the award at the gala evening of the International Swimming Federation (FINA) in Dubai. She has 5 world and 13 European championship titles.
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Weather
| November 25, 2014
This Tuesday saw the first snow fall of the winter season in Hungary. Not surprisingly, it fell on the country's highest point, Kékestető, which is just over a thousand meters high, and the surrounding Mátra mountain in northwestern Hungary.
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Sports
| November 14, 2014
Legendary striker for the Hungarian national team and Spanish soccer giants Real Madrid, Ferenc Puskás (1927-2006) has become the fourth inductee in the Goal Hall of Fame that opens this week at the initiative of the renowned football website goal.com.
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Motion picture
| November 13, 2014
The vast prairie landscapes of Hungary provide the background for Délibáb ('Mirage'), the new movie by young Hungarian director Szabolcs Hajdu released in Hungary this week. In September, it was a great success at the Toronto International Film Festival.
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Information technology
| November 11, 2014
The Hungarian viticulture company SmartVineyard finished 8th among the 20,000 competitors participating in Intel's prestigious Global Challenge competition in San Francisco, California, earlier this month.
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Anniversary
| November 10, 2014
A commemoration was held this Sunday, marking the 70th death anniversary of poet and Holocaust victim Miklós Radnóti, considered to be one of the great poets in this country. He is believed to have been shot dead during a death march in 1944.
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Award
| November 6, 2014
Lech Wałęsa, who is regarded by many people in and outside of Poland as the face of the struggle for freedom, was invited to Hungary by the Antall József Foundation to receive the V4 Award for his lifelong efforts in support of democracy.
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Corruption
| November 5, 2014
The President of Hungary’s tax authority NAV, Ildikó Vida, has acknowledged that she and some of her colleagues are among those state officials that were banned by Washington from travelling to the United States. She said she did not contemplate resigning.
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Chamber of commerce
| October 31, 2014
The Swedish Chamber of Commerce in Hungary honours those working on outstanding solutions to the most urgent and crucial challenges facing the planet today, in the field of environmental protection, sustainable development. The 2014 winner has been announced.
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Corruption
| October 28, 2014
According to Transparency International Hungary, the Hungarian government and the prosecution service should launch an immediate investigation into the corruption allegations expressed by the United States. TI has published a global survey on corruption.
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Demonstration
| October 23, 2014
There have been several demonstrations in Hungary on the October 23 national holiday. The largest took place in downtown Budapest where speakers called for more civil rights and criticized the government's plan to introduce the world's first Internet tax.
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Education
| October 21, 2014
The German multinational engineering and electronics company Siemens has opened a vocational training center at its Budapest headquarters. The facility is to accommodate up to 100 students: would-be welders and industrial engineers.
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Climate change
| October 20, 2014
Hungarian President János Áder spoke before the agenda this Monday at the plenary session of Hungarian Parliament. He gave account to the national assembly about his participation at the UN climate conference organized in New York City last month.
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Banking
| October 14, 2014
Along with the publishing of its third-quarter earnings report this September, Citigroup also announced its intention to exit its consumer businesses in 11 markets, including Hungary. The sale the units is to be completed in 2015.
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Charity
| October 7, 2014
Another edition of Csodalámpa Wish Granting Foundation’s cooking course took place recently with a special, pizza-making program, this time at Symbol House, to, as usual, grant a wish for a seriously ill child. This time a cooking project also took place.
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Automotive industry
| October 1, 2014
The number of new car registrations continued to rise in Hungary by 18% year on year in September. The favorable picture is slightly overshadowed by the fact that the market remains driven by company purchases and re-export, and not private buyers.
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Tourism
| September 25, 2014
Two important development projects to give a better insight into the world's flora and fauna are under way in Hungary's largest zoo, the one in the northeastern town of Nyíregyháza. The projects are mainly financed by the European Union from development funds.
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Ambassadors in Budapest
| September 18, 2014
Several diplomats accredited to Budapest participated - together with winemakers from the Balaton region - in a grape harvest organized by the Hungarian Ministry of Agriculture in Tihany on the northern shore of Lake Balaton, one of the wine regions of the country.
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Agrarian industry
| September 17, 2014
The Hungarian government has launched a campaign calling for Hungarians to consume more apples after a predicted record crop of 780-800,000 tons and the EU embargo against Russia. One of the oppositon parties have come up with alternative proposals.
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Judiciary
| September 16, 2014
The European Court of Justice has ruled in favor of several opposition members of Hungarian Parliament and stated that their rights to freedom of expression were violated when Speaker László Kövér fined them for displaying anti government banners.
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Disaster
| September 15, 2014
Some 370 hectares are flooded near the Hungarian-Slovenian border in SW Hungary due to heavy rains in the past week. Streams have exited their bed and flooded roads, lands and houses as a result of which dozens of people have had to be evacuated.
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Education
| September 5, 2014
Aquincum campus, the new university quarters of Graphisoft Park in the northern Óbuda region of the Hungarian capital was inaugurated this Friday. AIT-Budapest and IBS International Business School are the two first two 'tenants' in the new campus.
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Gastronomy
Sándor Laczkó | September 3, 2014
Italian businessman Alessandro Balli has been around in Hungary - and involved in bilateral trade - for quite some time, he and his wife run a restaurant in Budapest. He talked to Diplomacy & Trade about using his expertise in cuisine as part of Italian culture.
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Education
| September 1, 2014
Following a summer vacation of two and a half months, the 2014-15 school year officialy began on Monday, September 1 for about 1 million and 267 thousand students in Hungary, including 98,600 pupils starting elementary school.
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Archeology
| August 26, 2014
Hungarian acheologists have encountered important Bronze Age findings at excavations preceding earthworks along main road 21 at Jobbágyi, NW of Budapest. The findings are said to be from the late Bronze Age tumulus culture.
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Sports
| August 13, 2014
The most successful in chess history, Hungary's Judit Polgár, has announced that she retires from competitive chess at the age of 38. She will now concentrate more on her chess foundation and the further popularization of chess education in schools.
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Festival
| August 11, 2014
One of Europe's biggest cultural - and mainly music - festival, the Sziget Festival on Óbuda island (hence the name) on the River Danube opened its gates this Monday. We have for you a preview by a Dutch journalist, Maria Douwes.
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Exhibition
Maria Douwes | August 8, 2014
Start spreading the news: one of the most comprehensive exhibitions of Rembrandt and Dutch Golden Age Paintings will be held at the Museum of Fine Arts in Budapest from the end of October until the middle of February 2015.
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Public money
| August 7, 2014
The National Bank of Hungary (MNB) has purchased a castle hotel in eastern Hungary and it will operate the facility as its own resort in the future, the financial website portfolio.hu reports on the basis of news from HVG released on Thursday.
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Civil Movement
Réka A. Francisck | August 6, 2014
“Races are coming your way, so forget all your duties, oh yeah…” Do these lines ring a bell? Did you know that it is mandatory to have a bell on your bike, at least in Hungary? Diplomacy & Trade featured this article in its recent Dutch country focus.
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Tourism
| August 5, 2014
Last year, the number of visitors at the 200 most significant Hungarian baths, also frequented by tourists, was some 31 million and development projects related to these are to be continued in the coming European Union fiscal period.
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Sports
| July 28, 2014
Daniel Ricciardo of the Red Bull team won the 29th Hungarian Grand Prix car race at the Hungaroring circuit just east of Budapest on Sunday ahead of Ferrari’s Fernando Alonso and 2013 winner Mercedes driver Lewis Hamilton.
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Literature
| July 24, 2014
Hungarian contemporary author László Krasznahorkai, the author of 16 books, is the 2014 recipient of the America Awards - considered by many as the ‘Alternative Nobel Prize for Literature’ - for a lifetime contribution to international writing.
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Scandal
| July 22, 2014
A monument that the Hungarian government says is that of the victims of the Nazi occupation in Hungary was completed under the cover of darkness in downtown Budapest in order to avoid protests. The government says there will be no inauguration.
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Sports
| July 21, 2014
15-year-old Bence Balzam from the northern Serbian settlement of Opątina Bečej (or Óbecse, with substantial Hungarian population) won this year's cross-Balaton swimming between Révfülöp and Balatonboglár this past Saturday.
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Sports
| July 14, 2014
The Hungarian capital welcomes the continent's best waterpolo teams in the next two weeks, starting on Monday, July 14. At the tournament, the host nation is among the favorites both in the men's and the women's fields.
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Sports
| July 11, 2014
Northern Budapest side Újpest FC (the 2014 Cup Winners) won the Hungarian football Super Cup on Friday after a penalty shoot-out against this year's league champions Debrecen following a golless draw in the Hungarian capital's Puskás Stadium.
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History
| July 9, 2014
In its recent Dutch focus, Diplomacy & Trade featured an article by the Dutch Department of the University of Debrecen on how they see the different aspects of seven-century history of relationship between Hungarians and the Dutch.
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Weather
| July 8, 2014
Severe storms were reported from all over Hungary on Tuesday, causing damages to several buildings and flooding the streets of some countryside towns. They ended a heatwave of several days with temperatures well over 30 degrees Celsius.
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Business club
| July 3, 2014
The Diplomacy & Trade Club ('The Club') presented its recent country focus supplement on Norway at the residence of the Norwegian Ambassador to Hungary, Tove Skarstein Wednesday evening with with diplomats, businesspeople attending.
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Ambassadors in Budapest
Dutch Ambassador Gajus Scheltema | July 2, 2014
Getting to know birds and people - this is the slogan for Dutch Ambassador Gajus Scheltema who arrived to Hungary les than a year ago. For the Witty Leaks section of Diplomacy & Trade, he wrote a piece on how he took up bird watching as a hobby.
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Festival
| July 1, 2014
Thousands of youngsters gathered for day zero on Tuesday for the 22nd VOLT music festival in Sopron, NW Hungary. Organizers expect some 110,000 peoplefor the five-day event that ends on Sunday with the concert of the British band 'Arctic Monkeys'.
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Witty Leaks
Japanese ambassador Tadamichi Yamamoto | June 27, 2014
In Diplomacy & Trade’s Witty Leaks series, diplomats give their personal account of the experiences of their “excursions” to Hungarian culture, art, gastronomy and landscape. This time, the topic is the enjoyment of health spas and wine tasting.
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Business club
| June 26, 2014
The Diplomacy & Trade Business Club (The Club) held a special session in the Gundel restaurant in Budapest as diplomats said farewell to János Martonyi who finished his second term as Hungary's foreign minister earlier this month.
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EU affairs
| June 24, 2014
At a meeting in Luxembourg, the new Hungarian minister of foreign affairs and trade Tibor Navracsics said that Hungary was ready to undertake a role in a non-military mission by the European Union aimed at consolidating the rule of law in Ukraine.
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Holocaust
László Petrovics-Ofner | June 20, 2014
If fortunate to be in Budapest on this Saturday, June 21, tourists, expats, and Hungarians can partake in one of the best developed tours by manners at once engaging and deeply moving into the brightest, yet, best kept secrets of Hungarian history.
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Sports
| June 18, 2014
The International Swimming Hall of Fame (ISHOF) formally inducted two Hungarians, Olympic Champion Ágnes Kovács and the man credited with inventing the modern wave-style breaststoke, coach József Nagy, into the Hall of Fame.
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Culture
| June 17, 2014
The Hungarian capital's annual open-air summer festival of opera, music and dance is staged at two open-air theaters, one on Margaret Island and one in Városmajor Park, on the Buda side of the city, throughout the summer of 2014.
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Concert
| June 17, 2014
On the 25th anniversary of the reburial of Imre Nagy, the martyr prime minister of the 1956 Hungarian uprising, and also celebrating what the government calls the 'day of Hungarian freedom', a large-scale rock concert was held on Budapest’s Heroes’ Square.
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Culture
| June 16, 2014
World-renowned Hungarian classical pianist and conductor András Schiff, a British citizen since 2001, has been awarded a KBE (Knight Commander of the Most Excellent Order of the British Empire) by Queen Elizabeth II in the 2014 Birthday Honors.
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Sports
| June 13, 2014
The goalkeeper of the legendary Hungarian national soccer side of the late 1940s and early 1950s (the 'Golden Team'), Gyula Grosics passed away this Friday at the age of 88. He was Olympic champion in 1952 and World Cup runner up in 1954.
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Media
| June 11, 2014
The governing party Fidesz and the far-right nationalist Jobbik party have passed a bill on a new advertising tax to be imposed on media companies, publishers, billboard users and online advertisers. Experts claim the measure is politically motivated.
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Weather
| June 10, 2014
The daily heat record for June 10 in Budapest was broken by more than two degrees Celsius this Tuesday as 36.3 degrees were measured in the northern part of the capital. According to the weather forecast, the heat is to decelerate on Thursday, the earliest.
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Airline industry
| June 5, 2014
A biometric ID system has started operating at border control in Budapest's Liszt Ferenc International Airport. Zoltán Török, head of the Airport Police Directorate, said that the system operated on the departure side in order to ensure fast border control.
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Advertorial
| June 4, 2014
Air France-KLM is one of the most important airlines in Hungary. Since customer comfort in Business Class services is very important for both Air France and KLM. Therefore, there have been a lot of innovations in this field.
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Holocaust
| June 3, 2014
As Hungary is commemorating the Holocaust, the embassies of seven countries have initiated a program to remember the victims of the Holocaust and to honour courageous persons who opposed it and saved the life of Jewish families and individuals.
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Sports
| May 22, 2014
Hungary's national football side drew 2-2 with Denmark in Debrecen, eastern Hungary in a friendly international game that served as part of the preparations for the European Championship qualifiers scheduled to begin in September.
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National day
| May 16, 2014
The Norwegian ambassador to Hungary, Tove Skarstein and defence attaché, Colonel Øivind Oland Christensen invited guests, including members of the Norwegian community, to the Ambassador's residence in Budapest to celebrate Norway's National Day.
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Festival
| May 12, 2014
The Hungarian participant of this year's Eurovision song contest, András Kállay-Saunders - with his song entiled 'Running' - finished 5th in Saturday's final from among 26 entries in Tuesday's semifinal in the Danish capital, Copenhagen.
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Environment
| May 8, 2014
The V4 group, Bulgaria, Croatia and Romania, signed an agreement on environmental cooperation in Visegrád, north of Budapest. The document deals, among other things, with the EU's proposed package of air quality management strategy and GMO deals.
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Science
| May 6, 2014
Internationally acclaimed mathematician and computer scientist László Lovász has been elected as the new president of the Hungarian Academy of Sciences (MTA) at a closed session of the academy’s 185th annual assembly meeting in Budapest this Tuesday.
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Sports
Bosnian Ambassador Zeljko Janjetovic | May 2, 2014
Great jubilees are being commemorated in 2014 and 2015 and the most interesting topic seems to be the two sport events that marked an epoch of relations between two friendly countries - the Bosnian ambassador recalls to Diplomacy & Trade
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Conference
| April 29, 2014
Supporting the spread of future generations’ institutions – at the national, sub-national and UN levels – was the call that attracted dozens of experts, policymakers and journalists to Hungary’s parliament building the last week-end in Budapest.
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Invention
| April 25, 2014
The Liberty Science Center in Jersey City, NJ in the United States hosts the exhibition ‘Beyond Rubik’s Cube’ held at the 40th anniversary of the invention of the Rubik’s cube by Hungarian architect and toy designer Ernő Rubik.
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Conference
| April 24, 2014
The Research Center for the Humanities of the Hungarian Academy of Sciences and the Holocaust Memorial Center organized an international conference ‘Crime, Responsibility – Memory’ on the 70th anniversary of the Hungarian Holocaust.
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Traffic
| April 22, 2014
The Hungarian Ministry of National Development and the Hungarian Cyclists’ Club have launched their jointly organized campaign promoting cycling for the 13th time, starting on April 22, that is International Earth Day, this spring and finishing on May 30.
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Cultural institute
| April 17, 2014
Founded in 2004, Budapest-based Finnagora is one of the 17 culture and science institutes of Finland around the world. In its recent Finland focus, Diplomacy & Trade published an interview with the director of Finnagora, Leena Pasanen.
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Construction industry
| April 16, 2014
Hungary bought a 12,000-square-meter plot suitable for the purposes of Budapest's new convention center from a subsidiary of TriGránit, investor Sándor Demján's real estate development company, news site Napi.hu reported.
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Ambassadors in Budapest
| April 14, 2014
A record number of participants – over 20,000 people –, including members of the diplomatic corps, took part in the 29th Vivicittá running event on Budapest’s Margaret Island and the Pest embankment of the river Danube this Sunday.
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Hungary vs. EU
| April 10, 2014
It is inconsistent with the regulations of the European Union that Hungary made it possible to distill 50 liters of pálinka (a fruit brandy) per year without the payment of excise duty. The Hungarian government tries to settle the issue with the EU.
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Electronics industry
| April 9, 2014
Samsung SDI Hungary, located in Göd, northeast of Budapest, is closing down. It was was the second-largest local unit in the country that manufactured color picture tubes (CPT), plasma display panels (PDP) and mobile phone displays.
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