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Diplomacy&Trade 2022 January

Page 1

2022/I HUF 1710

EUR 6

A YEAR OF UNFULFILLED HOPE THE PANDEMIC IS STILL WITH US BUT LIFE GOES ON… SEE PICTORIAL REVIEW ON pages 02-03

Recovery and Slowdown The trajectory of the Hungarian economy in 2021 was more favorable in terms of GDP growth than expected in the budget for 2021 amended at the beginning of summer. At the same time, equilibrium conditions turned out to be much worse than planned, with inflation and the general government cash deficit soaring, the forint weakening and the external balance turning into a significant deficit, the latest summary of GKI Economic Research Co., published in December, states. see analysis on page 10

2021: A Year of Challenges The Szivek family grows grapes and crafts wines in Kesztölc, at the easternmost tip of the Neszmély wine region (northwest of Budapest) in a special terroir, at the foot of the Pilis Mountains. The winery cultivates mainly white varieties. Some of its parcels are bio-certified and practically all the vineyards are farmed organically. see article on page 14

DT 2022 january.indb 1

2022. 01. 28. 11:16


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Diplomacy&Trade 2022 January by Diplomacy&Trade - Issuu