In 1945, soon after the end World War II, Spain broke diplomatic relations with Hungary after that nation became a communist country. In January 1977, both nations re-established diplomatic relations.[3]
As of 2021, bilateral relations between Hungary and Spain were good on a political level. At the time there was no known dispute between the two countries.[4] In 2017, both nations celebrated 40 years of diplomatic relations.[5]
In August 2024 the Spanish government blocked a €600mn bid from Hungarian consortium Ganz-Mavag, a consortium backed by an investment arm of the Hungarian state and by Viktor Orban, for a Spanish trainmaker named Talgo over national security concerns.[6][7] 45% of the consortium owned by Corvinus, a Hungarian state-owned development finance institution, and the balance "by Hungarian trainmaker Magyar-Vagon, which is controlled by a private equity fund owned by an executive named Csaba Törő and managed through a subsidiary by Hungarian oil company Mol. Hungarian state-owned Eximbank, one of the main overseas financing tools for the Hungarian government, agreed to provide a €345mn loan to Ganz-Mavag, equalling more than half of the offer price."[6] Spain's National Intelligence Center and the Department of National Security wrote negative reports to Minister of TransportÓscar Puente.[7] "Talgo has developed a proprietary variable-gauge vehicle system that allows its high speed trains to automatically adapt to railway tracks with different gauges, permitting for quick cross-border travel. There are concerns that if Ganz-Mávag were to acquire Talgo, its designs could be shared with Moscow."[7]
Bilateral agreements
Both nations have signed several bilateral agreements such as:[5]
Judicial Settlement and Arbitration Treaty (1929);
Air Transport Agreement (1974);
Agreement on Commercial Exchanges, Navigation, Transport and the Development of Economic, Industrial and Technical Cooperation (1976);
Agreement for Scientific and Technical Cooperation (1979);
Cultural and Scientific Cooperation Agreement (1982);
Tourism Cooperation Agreement (1982);
Consular Agreement (1982);
Agreement to Avoid Double Taxation and Prevent Tax Evasion in matters of Income and Wealth Taxes (1984);
Agreement on Reciprocal Enforcement of Judicial Resolutions in criminal matters (1987);
Agreement on Mutual Recognition of Certificates and Academic Titles (1989);
Agreement for the Promotion and Reciprocal Protection of Investments (1989);
Treaty of Friendship and Cooperation (1992).
Resident diplomatic missions
Hungary has an embassy in Madrid and a consulate-general in Barcelona.[8]