Banking relations are relatively active. The Bank Federation of Luxembourg maintains an extensive relationship with Hungarian banks and provides assistance for the professional education of bankers. It also finances preparing studies on the harmonisation of privatisation and banking law. 7000 tourists from Luxembourg visits Hungary each year. With the exchange of notes the unilateral agreement allowing the entry of Luxembourgian citizens to enter Hungary with their identity cards came into effect in July 1998.
Hungarian citizens travelling to Luxembourg are exempt from visa requirements.
Other The exhibition to be organised jointly by Luxembourg, Hungary and the Council of Europe, titled Sigismund of Luxembourg and his age is being prepared for its opening in 2003.