Diplomacy & Trade https://dteurope.com Monthly in print | Daily on the web Mon, 08 Jun 2026 21:08:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://dteurope.com/wp-content/uploads/cropped-dt_favicon-32x32.png Diplomacy & Trade https://dteurope.com 32 32 Hungary to Join European High-Speed Rail Initiative https://dteurope.com/travel/hungary-to-join-european-high-speed-rail-initiative/ Mon, 08 Jun 2026 15:06:00 +0000 https://dteurope.com/?p=80163 Hungary's government wants to participate in the shared effort to build up Europe's high-speed rail network, Hungarian Transportation and Investment Minister Dávid Vitézy said ahead of a meeting of his European Union peers in Luxembourg on Monday. In a social media post, quoted by MTI, the minister stated that Hungary also wanted to be a […]

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]]> The 2025 Manager of the Year Awards Presented https://dteurope.com/business/the-2025-manager-of-the-year-awards-presented/ Mon, 08 Jun 2026 14:35:00 +0000 https://dteurope.com/?p=80173 István Szászi, head of the Bosch Group in Hungary and the Adria Region, received the 2025 Manager of the Year Award, while Sándor Csányi, chairman of OTP Bank, was honored with the 2025 Manager of the Year Lifetime Achievement Award, the National Association of Managers announced to MTI on Monday. The Managers’ Association held the […]

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]]> General Government Balance Surplus in May https://dteurope.com/economy/general-government-balance-surplus-in-may/ Mon, 08 Jun 2026 10:47:00 +0000 https://dteurope.com/?p=80153 Hungary's cash flow-based general government balance showed a HUF 43.5 billion surplus in May, preliminary data released by the Finance Ministry, and reviewed by MTI, on Monday show. The surplus narrowed from a HUF 129.5 billion surplus in the same month a year earlier. The general government for the period January-May reached HUF 3,806.3 billion, […]

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]]> STI Hungary Acquires Complex 3H Thermal System Division https://dteurope.com/business/sti-hungary-acquires-complex-3h-thermal-system-division/ Mon, 08 Jun 2026 08:07:00 +0000 https://dteurope.com/?p=80155 Logistics company STI Hungary has acquired a division of Hungary's Complex 3H that has developed a thermal system for maintaining temperatures of pharmaceutical shipments without an external power source for up to seven days, MTI reports. In a statement, STI Hungary managing director Péter Csipes said the technology could be used for shipments of biotechnology […]

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]]> Social Media Use: Young People Particularly at Risk https://dteurope.com/society/social-media-use-young-people-are-particularly-at-risk/ Mon, 08 Jun 2026 07:52:00 +0000 https://dteurope.com/?p=80169 Commissioned by the GKI economic research institute in the spring of 2026, an online survey involving 211 participants was conducted on the extent and effects of social media use in Hungary. Although the research cannot be considered representative of the entire Hungarian population, the results still clearly identify the most important domestic social trends related […]

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]]> Volatile Week on the Hungarian Stock Market https://dteurope.com/economy/volatile-week-on-the-hungarian-stock-market/ Sun, 07 Jun 2026 18:42:00 +0000 https://dteurope.com/?p=80158 The Budapest Stock Exchange closed out a volatile week, with the BUX index ending trading down 0.70% at the end of a period marked by geopolitical tensions. While Mol and Magyar Telekom managed to gain ground, OTP and Richter saw their share prices fall in a market with slightly declining trading volume, the financial website […]

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]]> Amnesty Urges Government to Ensure Pay Transparency https://dteurope.com/news/amnesty-urges-government-to-ensure-pay-transparency/ Sun, 07 Jun 2026 14:37:00 +0000 https://dteurope.com/?p=80148 Amnesty International Hungary has urged the government to introduce the EU's pay transparency rules, MTI reports. In a statement on Sunday, the organization noted that the 2023 European Union directive, aimed at eliminating the gender pay gap, requires member states to take steps to ensure pay transparency to address the disparity between men and women. […]

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]]> Insurers' Premiums Revenue Edges Higher in Q1 https://dteurope.com/business/insurers-premiums-revenue-edges-higher-in-q1/ Sun, 07 Jun 2026 08:59:00 +0000 https://dteurope.com/?p=80129 First-quarter revenue from premiums of Hungarian insurers inched up 0.5% year-on-year to HUF 572 billion, data released by the National Bank of Hungary (MNB), and reviewed by MTI, show. Revenue from premiums on life insurance policies decreased 8.5% to HUF 212 billion. Revenue from premiums on general insurance policies climbed 6.7% to HUF 360 billion. […]

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]]> A Hungarian Global Leader at Boston Consulting Group https://dteurope.com/business/a-hungarian-global-leader-at-boston-consulting-group/ Sun, 07 Jun 2026 08:05:00 +0000 https://dteurope.com/?p=80146 The Boston Consulting Group (BCG), one of the world’s leading management consulting firms, has announced the appointment of Zsófia Beck, Managing Director and Partner at the Budapest office and also the head of the Energy Practice Area in Central and Eastern Europe, as the Global Lead of BCG’s Integrated Power Segment. According to a BCG […]

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]]> Regular Budapest-Toronto Flight Launched https://dteurope.com/travel/regular-toronto-budapest-flight-launched/ Sat, 06 Jun 2026 14:24:00 +0000 https://dteurope.com/?p=80135 The launch of a regular flight between Budapest and Toronto is a sign that "transport relations between Hungary and North America have reached a new level," Parliamentary State Secretary at the Hungarian Ministry of Transport and Investment, Zsolt Tárkányi said in Budapest on Saturday, MTI reports. Speaking at a press conference after the arrival of […]

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]]> Fitch Affirms Hungary 'BBB' Rating with Negative Outlook https://dteurope.com/economy/fitch-affirms-hungary-bbb-rating-with-negative-outlook/ Sat, 06 Jun 2026 08:35:00 +0000 https://dteurope.com/?p=80141 Fitch Ratings affirmed Hungary's 'BBB' long-term issuer default ratings with a negative outlook at a scheduled review, MTI reports. "Hungary's 'BBB' rating is supported by strong structural indicators, including GDP per capita well above the peer median. These strengths are balanced against high public debt, a record of unorthodox economic policies, vulnerability to energy prices, […]

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]]> Engineers Support Plan for Battery Industry Regulation https://dteurope.com/news/engineers-supports-plan-for-battery-industry-regulation/ Sat, 06 Jun 2026 08:25:00 +0000 https://dteurope.com/?p=80125 The Hungarian Chamber of Engineers considers the government's plan to tighten battery manufacturing industry regulations to be professionally sound, the chamber told MTI. The chamber said the government’s decisions – setting out a national inspection plan, comprehensive inspection of priority facilities, development of a new regulatory concept, and renewal of the environmental liability system – […]

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]]> MNB Focuses on Climate and Nature-Related Risks https://dteurope.com/environment/mnb-focuses-on-climate-and-nature-related-risks/ Sat, 06 Jun 2026 07:03:00 +0000 https://dteurope.com/?p=80122 The statutory objectives of the National Bank of Hungary (MNB) include, directly and indirectly, the support of environmental sustainability, the central bank said in a statement on the occasion of World Environment Day. The effects of climate change can spread through various transmission channels into the economic and financial system, affect inflation, foreign exchange reserve […]

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]]> Sameday to Withdraw from Hungary https://dteurope.com/business/sameday-to-withdraw-from-hungary/ Fri, 05 Jun 2026 12:18:48 +0000 https://dteurope.com/?p=80115 Romanian parcel delivery company Sameday will withdraw from Hungary after its planned merger with Express One, a subsidiary of Austrian Post, failed to receive the license for foreign direct investments, the company's PR department said on Friday, MTI reports. In their announcement, they noted that Sameday had earlier this year signed an agreement to sell […]

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]]> 11 Hungarian Schools Join EP Ambassador School Program https://dteurope.com/european-union/11-hungarian-schools-join-ep-ambassador-school-program/ Fri, 05 Jun 2026 11:46:00 +0000 https://dteurope.com/?p=80117 In the tenth academic year of the European Parliament’s Ambassador School Program, eleven new schools joined the initiative in Hungary. The schools that joined in the 2025–2026 academic year received their plaques at a ceremony held at the Europe Point on June 5, 2026. Launched ten years ago, the program aims to raise young people’s […]

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