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Vietnamese Prime Minister‘s Visit to Hungary ‘Crucial’, Orbán Says

According to the Hungarian Prime Minister, it is ‘easy to predict’ that Vietnam will emerge as one of the winners of the coming era. ‘Such transformations herald opportunities as well as risks. We see the new world economic era as…

Electromobility and Luxury Dominate Mercedes-Benz Sales in Hungary in 2023

According to a statement released by Mercedes-Benz on Tuesday, a total of 4,419 Mercedes-Benz cars were registered in Hungary in 2023. Notably, a quarter of these models (639 units) were produced in Kecskemét, with the CLA (314 units), the A-Class…

Budapest–Belgrade Railway Expected to Become Strategic Hub Amidst Shifting Global Trade Routes

The transformation of global supply chains has accentuated the importance of the Budapest–Belgrade railway. As a result, the Belt and Road Initiative (BRI) may become profitable not in the widely reported 979 years, but in only a few years. If…

Hungary, Serbia, and Slovenia Forge Regional Electricity Exchange for Enhanced Energy Cooperation

The strengthening of the energy ties between the three neighbouring countries is set to enhance the efficiency and profitability of trading and reinforce Hungary’s energy sovereignty….

Hungarian-American Chamber of Commerce Commences Operations in Chicago

The establishment of the Hungarian-American Trade Chamber–Chicago was underscored as a pivotal moment in promoting Hungarian-American economic collaboration….
People visit the China stand during the 6th China International Import Expo (CIIE) in Shanghai on 5 November 2023.

Hungary Committed to Becoming Region’s Top Destination for Chinese Investors, Minister States in Shanghai

On the margins of the sixth China International Import Expo, Economic Development Minister Márton Nagy held talks with the leaders of the Industrial and Commercial Bank of China (ICBC), the world’s largest commercial lender, emphasizing Hungary’s aim of becoming a…

Hungary and Serbia Outraged at New Tax on Import Gas by Bulgaria

The National Assembly of Bulgaria passed a new, €10.2 per megawatt-hour tax on Russian gas coming through the TurkStream pipeline. President Aleksandar Vučić of Serbia and Foreign Minister Péter Szijjártó of Hungary have condemned the decision….

Large-Scale Expansion Investment to Create 280 New Jobs in Hungary

Nestlé Hungária Kft.’s recent capacity expansion investment in Bük is set to create 280 new job opportunities, marking yet another milestone in Hungary’s impressive year of record-breaking investments, exports, and employment, Minister of Foreign Affairs and Trade Péter Szijjártó made…

Hungarian Minister of Agriculture Calls Out European Commission For Lifting Ukraine Food Import Ban

In a radio interview, Minister István Nagy alleged that the European Commission was serving the interest of ‘US, Saudi, and Dutch companies and investors’ with their controversial decision, and not the small Ukrainian farmer’s as they claim….

Grain Imports Ban Deadline Approaching: Member States May Take Matters into Their Own Hands Unless Commission Acts

The incompetence of the European Commission has caused enormous damage to the European farmer society. The huge quantity and uncontrolled flow of low-quality Ukrainian grain into the EU may even challenge the integrity of the common market….

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