The Hungarian Advertising Association and its partner organizations welcome the fact that, among its first measures, the incoming Tisza government has maintained the zero-percent advertising tax rate by elevating emergency regulations to the level of law; at the same time, the organization is calling for the abolition of this tax, the Hungarian Advertising Association told […]

Over the past five years, Danubius Hotels Plc. has spent a total of HUF 50 billion from its own funds on refurbishing its hotels, and the renovations are far from over. The hotel chain has 4,046 rooms across 16 hotels in Hungary; 70% of which have been completely renovated and are ready to welcome guests […]

At the Caviar & Bull Budapest restaurant in the downtown area of the Hungarian capital, every dish tells a story through flavors and textures. The owner of the culinary establishment, Chef Marvin Gauci tells Diplomacy&Trade that when the restaurant was opened in 2017, the goal was to create a destination for guests who wanted something […]

Hungarian foreign policy will not be guided by party interests or the interests of a third country but by the interests of a sovereign Hungary, Anita Orbán, nominee for minister of foreign affairs, said during a hearing at Monday’s session of parliament's foreign affairs committee. She added that her ministry would build a strong diplomatic […]

The E.ON Hungária Group has completed its comprehensive electricity grid development program, which was launched in 2022. The goal of these investments was to ensure that the grid is capable of integrating as much electricity as possible from weather-dependent renewable energy sources, particularly energy generated by residential solar systems. Energy consumption has undergone significant changes […]

This Sunday, the 22nd anniversary of Hungary’s accession to the European Union was celebrated at Szabadság Square, in downtown Budapest, where free concerts, the now-traditional Europe Day race, quizzes, and a variety of programs attracted thousands of visitors throughout the day. The Europe Day events were organized by the European Commission Representation in Hungary and […]

Roberto Buontempo, Ambassador Extraordinary and Plenipotentiary of the Republic of Malta to Hungary, presented his credentials to the Hungarian President at the Sándor Palace in Budapest in the spring of 2024. Since then, while based in Malta, he has been actively involved in the maintenance of bilateral diplomatic relations. Diplomacy&Trade caught up with him at […]

The Budapest Stock Exchange (BÉT) share index, the BUX, ended the week at 134,545.20 points, up 0.57% compared to last Friday’s close. Total trading volume rose from HUF 96.26 billion to HUF 120.60 billion on a weekly basis, with leading stocks posting mixed results. Thanks to favorable international sentiment, the BUX closed higher on Monday, […]

As part of the company’s domestic modernization process in Hungary, French sporting goods retailer Decathlon has reopened its completely renovated store in Székesfehérvár, which is celebrating its 20th anniversary this year; this is the first location outside Budapest. Levente Fekete, regional director of Decathlon Hungary and the manager responsible for store renovations, told MTI that […]

First-quarter net income of Hungarian oil and gas company MOL fell 75% year-on-year to HUF 38.8 billion as supply issues weighed, an earnings report released this week. MOL's total revenue fell 8% to HUF 2,024 billion as the company's downstream business faced a "perfect storm", starting with the disruption of deliveries through the Druzhba pipeline, […]

Hungary's parliament on Saturday elected Peter Magyar, leader of the Tisza Party, as prime minister during its inaugural session. Magyar, the leader of the victorious Tisza Party, was elected with 140 votes in favour, 54 against and one abstention. He took the oath of office and signed the related documents, then received the congratulations of […]

Following the April 12 general election, the new Hungarian parliament held its inaugural session, opened by President Tamás Sulyok, this Saturday. Attila Nagy, the head of the National Election Office (NVI), confirmed at the inaugural session that Hungary's 2026 parliamentary election was carried out in accordance with the country's constitution and legal framework. He said […]

Hungary's cash flow-based general government deficit reached HUF 3,849.8 billion at the end of April, 70.7% of the full-year target, the Ministry of National Economy said in a preliminary release of data. As reported by MTI, the central budget deficit reached HUF 3,743.4 billion and the social security funds were HUF 150.3 billion in the […]

Hungary's annualised consumer price index rose to 2.1% in April from 1.8% in the previous month, data released by the Central Statistical Office (KSH) show. Food prices rose 1.5%, but fell 0.9% excluding the price of eating out. Pork prices fell 8.5% and potato prices dropped 11.4%, but fresh fruit prices rose 7.0%. Household energy […]

Heineken® is inviting soccer and table football fans to an extraordinary record attempt on May 16, two weeks before the UEFA Champions League final in Budapest. The goal is for as many people as possible to play together at the country’s largest, 7.2-meter-long foosball table and thereby become 'Foosball Champions', the brewing company says in […]

For nearly 60% of the population, managing finances is a major source of stress, while the overwhelming majority view money as the key to security and freedom. Fear of inflation continues to weigh most heavily on Hungarians, but concerns about unemployment have also risen significantly over the past year: one in five respondents perceives the […]