May 19, 2013 Sunday
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Food industry
| May 17, 2013
Extending potential in the Hungarian marketKristijan Sabo, the new Managing Director (MD) of Podravka International Ltd., is spending his first weeks in Hungary, learning about his new business environment. He talks to Diplomacy & Trade about the work that awaits him in this position.
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Sports
| May 16, 2013
Hungarian curse to loom over BenficaPortuguese soccer club SL Benfica lost the Europa League final this Wednesday night to English side FC Chelsea and the superstitious believe this loss – and the six defeats in European cup finals before – is due to a curse by legendary Hungarian coach Béla Guttmann.
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bilateral agreement
| May 15, 2013
Cultural cooperation signed with ChinaThe Hungarian Ministry of Human Resources (EMMI) has issued a statement on Minister Zoltán Balog’s trip to China this week. Minister Balog signed a bilateral cultural cooperation agreement with in the Chinese capital, Beijing this Tuesday.
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Hospitality
| May 14, 2013
Corinthia Budapest celebrates 10th anniversaryThis year, Corinthia Hotel Budapest commemorates the 10th anniversary of its reopening. A major series of celebrations are staged throughout the year, the latest event being the Open Day on May 26 during which the hotel can be visited by the general public.
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Education
Réka A. Francisck | May 14, 2013
American International School BudapestThe American International School Budapest is an independent, nonprofit coeducational day school for students from pre-kindergarten to 12th grade. The campus stands on 13.1 hectares of land, some 13 kilometers from Budapest, in Nagykovácsi.
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Quote of the week
“This is a country where people are friendly, they are open, they have a lively political and intellectual life discussing and debating with each other. But this is also a country where you will never bore yourself and this is a country that you have to visit!”
- János Martonyi, Hungarian Foreign Minister
 
Ambassadors in Budapest
| May 13, 2013
Representing a good neighborThis summer, Croatia joins the European Union as the 28th member of the organization. The Croatian Ambassador to Hungary, Gordan Grlić-Radman talked to an earlier issue of Diplomacy & Trade in an interview covering various aspects of bilateral relations
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Budget policy
| May 11, 2013
New fiscal adjustment package in Hungary The Hungarian Minister of National Economy Mihály Varga announced that in order to ensure that the European Commission’s excessive deficit procedure against the country is lifted, the government will freeze HUF 92.9 billion in the 2013 budget.
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Conference
| May 6, 2013
World Jewish Congress meeting in BudapestThe World Jewish Congress (WJC) holds its general assembly meeting in Budapest. In his speech the Hungarian PM called for "zero tolerance" against anti-Semitism but the WJC says he “did not confront the true nature of the problem.”
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Airline industry
| May 2, 2013
El Al flies Jumbo Jet to BudapestAs of this week, El Al Airlines of Israel flies its Budapest-Tel Aviv route once a week with a Boeing 747-400 aircraft. The first Jumbo Jet landed at Budapest airport this Tuesday. The same type of plane will fly this route for the next seven weeks.
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Tourism
Rudolf Sárdi | April 30, 2013
Savoring Friendly KosovoA story of successes in the Balkans. That is how our author, Rudolf Sárdi describes this small country in the Western Balkans, based partly on his conversation with Delfin Pllana, Deputy Head of Mission at the Kosovar Embassy in Budapest.
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Sports
| April 25, 2013
Hungary wins gold at European Judo ChampionshipHungary’s Olympic bronze medalist Éva Csernoviczki won the first gold medal at the European Judo Championship in Budapest. In the final, she defeated Charline van Snick of Belgium, the top ranked European judoka in the women’s U48-kg category.
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Information technology
| April 24, 2013
Google Street View appears in HungaryThe American company well-known for its Internet search engine, Google, has announced the Hungarian launch of Google Street View, an online service that offers panoramic street-level imagery taken throughout the country.
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Ambassadors in Budapest
| April 19, 2013
Ambassador on the bright side of lifeLife is very short, so you should see the good things in life and be optimistic. This is the motto of Swedish Ambassador, Karin Olofsdotter who has been in Hungary since the fall of 2011. Her interview appeared in a recent issue of Diplomacy & Trade.
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Holocaust
| April 17, 2013
Hungary honors Holocaust Remembrance DayOn the occasion of Hungary’s Holocaust Remembrance Day, commemorations including exhibition openings, conferences and history lessons were held on Tuesday throughout the country with the participation of politicians and civilians.
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Automotive industry
| April 12, 2013
Foundation stone laid for Knorr-Bremse plantGermany's Knorr-Bremse Group, the world’s leading manufacturer for braking systems for rail and commercial vehicles, has laid the foundation stone of a new manufacturing and development base in Kecskemét, east-central Hungary.
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Banking
| April 8, 2013
Central bank deputy governor resigns in protestDeputy Governor of the National Bank of Hungary (MNB), Júlia Király submitted her resignation on Monday. She also resigns as member of the Monetary Council. She wishes to protest against recent changes at the national bank.
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Finance
| April 4, 2013
Hungary's central bank to provide 0-percent creditThe National Bank of Hungary (MNB) has announced on Thursday that its Monetary Council discussed the possible means of fostering economic growth and launches the Funding for Growth Scheme (FGS) of the Bank to boost the economy.
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Food industry
| April 3, 2013
Fornetti, the Hungarian bakery appears in LondonFornetti, the Hungarian bakery known for its on-the-spot baked products from frozen base material, has opened a shop in the UK capital recently. The Hungarian company has signed a master franchise agreement with its British partner.
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Presidential visit
| April 2, 2013
Bulgarian President visits HungaryBulgarian President, Rosen Plevneliev, arrived on an official visit to Hungary Tuesday. He was received in Budapest by his Hungarian counterpart János Áder. Topics discussed included Bulgaria's intention to join the Schengen zone as well as energy issues.
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Banking
| March 27, 2013
EBRD appoints Hungarian vice presidentThe European Bank for Reconstruction and Development (EBRD) has named Hungary's former central bank Governor András Simor as Vice President for Policy. Reporting directly to the President, he will also be a member of the Bank’s Executive Committee.
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Finance
| March 26, 2013
Hungarian base rate lowered to all-time lowThe Monetary Council of Hungary’s central bank (MNB) has decided to lower the base rate by 25 basis points to an all-time low of 5.00% on Tuesday, in line with the market’s call. It was the first rate setting under newly appointed Governor György Matolcsy.
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Construction industry
| March 20, 2013
Hungary's Trigránit wins Sofia projectHungary-based real estate mammoth TriGránit Management Corporation (TGM) announced to have won the full Property Management mandate for South Sofia Ring Mall, a unique project housing various facilities, portfolio.hu reports.
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Scandal
| March 19, 2013
US ambassador on controversial journalist award"The Government of Hungary’s decision to award a national prize to Ferenc Szaniszló, an individual who has publicly engaged in hate speech, is deeply disappointing," according to the American ambassador to Hungary, Eleni Tsakopoulos Kounalakis.
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Constitution
| March 11, 2013
Hungarian constitution amended despite EU concernsDeputies of Hungary’s ruling Fidesz party approved a set of changes to the country's constitution which critics, including the European Union's executive and several member-state foreign ministers, say pose a danger to democracy and the rule of law.
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Foreign relations
| March 7, 2013
Opening towards sub-Saharan AfricaHungary may re-open its embassy in Nigeria later this year as part of the country’s opening towards sub-Saharan Africa, according to an interview with Deputy State Secretary Szabolcs Takács of the Hungarian Foreign Ministry.
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Automotive industry
| March 4, 2013
New Japanese car parts plant in HungaryJapanese car parts maker TS Tech Co. Ltd. is setting up a plant in Százhalombatta, south of the Hungarian capital, Budapest. The Hungarian subsidiary, TS Tech Hungary Ltd., is to be established with a capital of EUR 3 million.
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Finance
| March 1, 2013
Matolcsy named new Central Bank governorHungary’s Economics minister György Matolcsy has been nominated by Prime Minister Viktor Orbán as the next Governor of the National Bank of Hungary (NBH). Matolcsy follows András Simor whose six-year mandate expires on March 3.
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Travel
| February 28, 2013
Annual Travel show opens in BudapestThe Travel exhibition, the biggest travel fair of Hungary, opened this Thursday at the Hungexpo fair site in the Hungarian capital, inviting visitors to get to know the attractions, the culture and gastronomy of several countries from the five continents.
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Accident
| February 26, 2013
Hungarian tourist dies in Egypt balloon accidentThe Hungarian Foreign Ministry has confirmed that one of the victims of the deadly hot-air balloon accident over Luxor, Egypt was a woman of Hungarian nationality. She was one of the 18 tourists who died as a balloon exploded in the air.
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Food industry
| February 20, 2013
Danone to set up regional center in HungaryA regional center in Budapest will be responsible for operations in Hungary, the Czech Republic, Slovakia and Croatia in the new European organizational structure of French food group Danone, the company said in a statement.
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Finance
| February 18, 2013
Hungary's debt increases significantlyThe state debt in Hungary was of the second highest value ever at the end of January when the debt of the central budget was HUF 21,187.8 billion (currently over EUR 72 billion), which means a huge increase of HUF 467.7 billion over a year.
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Automotive industry
| February 14, 2013
New Opel investment in Szentgotthárd German car manufacturer Opel is expanding its engine factory in Szentgotthárd, southwestern Hungary. The project is worth EUR 130 million, which will create 160 new jobs and increase production space by 1600 square meters.
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World affairs
| February 8, 2013
Hungary becomes member of UNDACThe Advisory Board of the UN Disaster Assessment and Coordination (UNDAC) Team of the Office for the Coordination of Humanitarian Affairs (OCHA) admitted Hungary as a new member at its annual meeting on February 5-6 in Geneva, Switzerland.
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Finance
| February 7, 2013
Russia denies deal to buy Hungary bondsRussian 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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Bilateral relations
| February 5, 2013
Hungarian PM receives Turkish counterpartHungarian Prime Minister Viktor Orbán met with Turkish Premier Recep Tayyip Erdoğan in Budapest this Tuesday. Topics of discussion included strengthening economic cooperation, particularly in the fields of industry, agriculture and transport.
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Aviation industry
| February 1, 2013
Strong performance at Budapest Airport in 2012Passenger traffic at Budapest Airport decreased by less than 4.7% last year, in spite of the loss of its base carrier and the protracted global economic crisis. The airport handled a total of 8,504,020 departing and arriving passengers in 2012.
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Bilateral relations
Szabolcs Takács | January 31, 2013
Strategic Cooperation and Diverse Relationship Hungary’s relationship with China was the main topic in the previous issue of Diplomacy & Trade. The main issues were touched upon by Szabolcs Takács, Deputy State Secretary for Global Affairs at the Ministry of Foreign Affairs.
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Ambassadors in Budapest
| January 30, 2013
Former US ambassador to Hungary diesMark Palmer, who served as United States Ambassador to Hungary from 1986 until 1990 – and as such was the last American ambassador to the Communist regime in Hungary –, has died at the age of 72 after a long struggle with cancer.
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Budget policy
| January 28, 2013
IMF recommends new policy course for HungaryHungary needs a "new policy course to deliver the required medium-term fiscal adjustment in a sustainable way to support growth and confidence, repair the financial sector, and promote structural reforms to boost the potential of the Hungarian economy."
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Telecommunications
| January 25, 2013
Infringement procedure launched against HungaryThe European Commission has launched an infringement procedure against Hungary concerning a levy on phone calls and text messages introduced in 2012, the Hungarian news agency MTI learned from unnamed sources.

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Regional cooperation
| January 22, 2013
Hungarian CEI Presidency launchedHungary has officially launched its Presidency of the Central European Initiative. In the second half of this year, Hungary will be heading the Visegrád Group. Having these two responsibilities, the Foreign Ministry calls 2013 the Year of Central Europe in Hungary.
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War in Afghanistan
| January 18, 2013
Hungary ready to stay in Afghanistan after 2014If there is such a request, Hungary stands ready to continue its presence in Afghanistan after 2014, the end of the mandate, Hungarian President János Áder said after his discussions at the NATO Headquarters in Brussels.
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Terrorism
| January 17, 2013
Hungary supports France operation in MaliHungary has ensured France of its "full support and solidarity" in connection with the French military operations in Mali. A statement by the Hungarian Foreign Ministry views the French action as part of the global fight against terrorism.
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Finance
| January 15, 2013
Who weakens the Hungarian Forint?Roubini Global Economics insists that it was not its research note that sparked a sell-off of the Hungarian currency but comments by Hungarian economics minister György Matolcsy that the policy of a strong forint between 2002 and 2010 had been a mistake.
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Scandal
| January 10, 2013
Anti-Roma remarks by journalist condemnedHungarian journalist Zsolt Bayer's recent remarks concerning the Roma minority are unacceptable, Viviane Reding, Vice-President of the European Commission. Hungary’s Deputy Prime Minister, Tibor Navracsics also condemned the remarks.
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Constitutional Court
| January 4, 2013
Governing party gives up voter registration ideaHungary's governing party Fidesz abandoned plans to require voters to sign up beforehand to be able to vote at the 2014 national elections and other referendums, after the Constitutional Court threw out some of the proposed legislation.
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Int'l relations
| January 3, 2013
2013, the Year of Central Europe in Hungary2013 will be a Central European year in Hungary’s foreign policy as the country will serve as president of both the Visegrád Four Cooperation, in the second half of the year. and the Central European Initiative (CEI). throughout 2013.
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Hungarian society
| May 9, 2013
A dozen people in the small southern Hungarian village of Geresdlak, Baranya County, start a Finnish language course financed by the European Union. They wish to talk the language of the increasing number of immigrants from Finland.
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National day
| May 7, 2013
On the occassion of the May 3rd Constitution National Day, the Ambassador of the Republic of Poland to Hungary, Roman Kowalski invited hundreds of gueststo the Museum of Fine Arts in Budapest to celebrate the 1791 Polish Constitution.
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Charity
| May 3, 2013
The Cortinthia Hotel Budapest has recently hosted a very special event, a charity cooking evening, organized by the Csodalámpa (Magic Lamp) Foundation. Participans of the event prepared specialties of Indian cuisine.
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Culture
| April 29, 2013
The Danube Tower in the unique 19th-century complex Fort Monostor on the bank of the River Danube in Komárom, northwestern Hungary will host the 23rd international Mediawave Festival from Tuesday through Saturday this week.
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Ambassadors in Budapest
Gwan-Pyo Nam | April 27, 2013
Diplomacy & Trade regularly prints the accounts of personal experiences and thoughts by Ambassadors accredited to Budapest. This time, we publish the piece written for us by the Korean ambassador to Hungary, Gwan-Pyo Nam.
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Hungarian diplomats
Balázs Bokor | April 23, 2013
"It's not enough to be Hungarian, you must have talent, too." This slogan about Hungarians in Hollywood comes to mind when reading an article by a former Hungarian Consul in California, Balázs Bokor, published in a recent issue of Diplomacy & Trade.
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Holocaust
| April 22, 2013
A record number of people – estimated to be over 10,000 of them, more than double the usual turnout –, took part this Sunday in the annual ‘March for Life’ in the Hungarian capital to commemorate the victims of the Holocaust.
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Business club
| April 18, 2013
The Diplomacy & Trade Business Club (The Club) presented the Croatian focus of Diplomacy & Trade at the residence of the Croatian in Budapest with diplomats, businesspeople and members of the Croatian community in Hungary attending.
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Terrorism
| April 16, 2013
The Hungarian Foreign Minister sent a letter of condolence to the US Secretary of State condemning the bomb blasts on April 15 and expressed his deep sympathy to the victims of the tragic attacks, their families and the people of Boston.
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Sports
| April 15, 2013
Hungary lost on penalties to South Korea Monday night in the Budapest qualification tournament for to the Top Division of the 2013 Ice Hockey World Championship. The defeat makes clinching the first or second qualifying spot even more difficult.
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Foreign relations
| April 11, 2013
"This is a country where people are friendly, they are open, and this is also a country that is never boring and this is a country that you have to visit,” says Foreign Minister János Martonyi in an interview he recently gave to Diplomacy & Trade.
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Exhibition
| April 10, 2013
A mini Hungary model park has opened in the local arboretum in Szarvas, east-central Hungary. The new tourist attraction of the town comprises of miniature replicas of most famous building complexes of Budapest and the countryside.
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bilateral agreement
| April 9, 2013
The Republic of Korea and Hungary have signed a bilateral Working Holiday Program Agreement in Budapest. The Agreement provides an opportunity for young Koreans and Hungarians travelling to each other’s countries to get a temporary work permit.
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Charity
| March 28, 2013
The Csodalámpa Foundation has fulfilled the wish of another child. This time, it was a 13-year-old boy who received a valuable gift from the Foundation that is the beneficiary of the raffle income of this year’s Best of Budapest and Hungary Gala.
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Gastronomy
BOB | March 25, 2013
Budapest Week Publishing presented the most outstanding restaurants, hotels and winemakers of the past year with the coveted Best of Budapest & Hungary Award during 20th of such galas in the Hungarian capital this past Saturday evening.
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Education
| March 21, 2013
Having established the Hungarian National Talent Support Council in 2006, internationally renowned biochemist and talent researcher, Professor Péter Csermely talked to a recent issue of Diplomacy & Trade presenting Hungarian personalities.
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Businesspeople
| March 18, 2013
“I am partially Irish, partially Hungarian. I grew up in Ireland with a Hungarian father and an Irish mother and with a Hungarian name that nobody could pronounce.” Nick Kós, Country Managing Partner of PWC Hungary told Diplomacy & Trade.
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| March 15, 2013
Stormy winter weather that caused havoc and a white-out in large parts of Hungary on Thursday, continued on Friday causing further accidents and power outages and the cancellation of open-air celebrations of the March 15 national holiday.
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Ambassadors in Budapest
| March 12, 2013
Irish Ambassador Kevin Dowling has been in Hungary since the summer of 2012. Recently, he gave an interview to the Irish country focus section of Diplomacy & Trade, talking about bilateral relations as well as his experiences in Hungary.
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Business club
| March 8, 2013
The Diplomacy & Trade Business Club (The Club) presented the Swedsh focus of Diplomacy & Trade in the Iberostar Grand Hotel in Budapest with diplomats, businesspeople and members of the Swedish community in Hungary attending the event.
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Charity
| March 6, 2013
Budapest Week Publishing has collected a nice sum in charity at its recent Valentine’s Day Gala evening. The proceeds from that event are used to fulfill the wishes of two children through the Csodalámpa (Magic Lamp) Foundation.
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Taxation
| March 5, 2013
The Hungarian government is planning to impose a new tax, according to a bill on meteorology. The ‘service fee’ would be 0.5% of the annual advertising revenues of any media - irrespective of whether they broadcast weather forecasts/reports or not!
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Films
| February 22, 2013
A drawing by a Hungarian artist, Fedinánd Horváth, has been recovered from the Disney archives 74 years after it was made. The 1938 sketch depicts Mickey Mouse having a nightmare under the influence of too much laughing gas.
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Conference
| February 15, 2013
Within the framework of the SymbioCity 2013 program, the Smart City conference took place in the ‘Green House’ in Budapest this week focusing on sustainable urban environment with the participation of Swedish and Hungarian experts.
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Education
| February 13, 2013
The French School of Budapest, an international institution, which prepares pupils for the French Baccalauréat is organizing an open day on Friday, 8th March 2013 from 1:00 to 5:00 pm, the school management says in a statement.
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Religion
| February 12, 2013
Among the European cardinals, Hungary’s Péter Erdő is the favorite in the conclave to be elected as the next Pope, according to the ‘Italian Insider’ that says 60-year-old Erdő could be pontiff for a long time. Hungarian circles dismiss the idea.
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Festival
| February 11, 2013
One 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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Sports
| February 6, 2013
24-year-old Hungarian tennis player Ágnes Szávay, has announced her retirement from competitive tennis due to a vertebral injury she has long been suffering from. She hopes to capitalize on her experience in teaching tennis to children.
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Business club
| January 29, 2013
The Diplomacy & Trade Business Club (The Club) presented the Irish focus of Diplomacy & Trade in the Gundel Restaurant in Budapest with diplomats, businesspeople and members of the Irish community in Hungary attending the event this Monday evening.
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Service sector
| January 24, 2013
Systemax, one of Europe’s largest computer products sellers, is to open a new service center in Budapest, from where it will provide support services for European, Middle Eastern and African markets. It is to open in the spring of 2013.
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Bilateral relations
| January 21, 2013
France is a major investor in Hungary, its presence has tripled in this country between 2001 and 2011. The scope of this presence is described in the study published by the French Embassy and the Hungarian-French Chamber of Industry and Commerce.
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Weather
| January 14, 2013
Snow that began to fall Sunday night and continued Monday morning hinders traffic in the Hungarian capital. Roads both in Budapest and Western Hungary are snowy and skiddy, motorists are advised to stay home or use the means of community transport.
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Culture
Réka A. Francisck | January 11, 2013
The Italian Cultural Institute in Budapest, an office of the Italian Ministry of Foreign Affairs, organizes a wide range of events to inform the Hungarian audience on the most relevant aspects of contemporary Italian culture.
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Sports
| January 9, 2013
FIFA, world soccer's governing body, sanctioned Hungary to play the next World Cup qualifying match on home ground behind closed doors. The disciplinary action came after racist abuses by Hungarian fans at a recent match against Israel.
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Culture
| January 8, 2013
This Tuesday, deputy state secretary in the Hungarian Foreign Ministry Gergely Pröhle opened a permanent exhibition in the Hudec Memorial Hall in Shanghai dedicated to the works of Hungarian-born architect László Hudec.
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Trade
| January 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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| January 2, 2013
On behalf of our staff here at Diplomacy & Trade and its publishing company, Budapest Week Publishing, we wish all our readers and partners a Happy and Prosperous New Year for 2013! We hope you enjoy our print and web editions in 2013, as well.
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Education
| November 22, 2012
The number of Hungarians studying abroad under the Erasmus student exchange project in the 2011/2012 academic year increased by about 4.5% compared to the previous year. the numbers have been steadily rising over the past years.
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Festival
Source: Press release | September 18, 2012
Organized on September 21 by Jam Dance Studio and Visual World Foundation, Swing and Soul Day offers a great range of dance related programs. Look after your body and think of dance as a source of energy! Oh, and ALL THAT SWING!
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Business club
| June 21, 2012
The Diplomacy & Trade Business Club (The Club) has recently presented the ASEAN focus of Diplomacy & Trade in the Gold Museum in Budapest with dozens of diplomats and businesspeople attending the evening.
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