David B. Cornstein To Be Named U.S. Ambassador To Hungary

  • 15 Feb 2018 8:32 AM
David B. Cornstein To Be Named U.S. Ambassador To Hungary
As expected, U.S. President Donald J. Trump has announced his intention to nominate New York businessman David B. Cornstein as Ambassador Extraordinary and Plenipotentiary of the United States to Hungary.

The post has been vacant since the departure of Colleen Bell with the inauguration of Trump on January 20, 2017.

According to the White House announcement, President Trump declared on February 13 his intention to nominate personnel to key administration posts, among them the ambassadors to Hungary and Poland.

A native New Yorker, David B. Cornstein is chairman of Pinnacle Advisors Ltd., and was previously CEO, president, and ultimately chairman emeritus of Finlay Enterprise, a billion-dollar NASDAQ Stock Exchange Company, noted the announcement.

Cornstein served as chairman of the one-time New York City Off-Track Betting Corporation and as vice chair of the city’s Economic Development Corporation. He earned his BA from Lafayette College and MBA from New York University.

The U.S. Senate will first have to confirm the nomination of the ambassador. If successful, Cornsteinʼs appointment will end a period in which the U.S. has not had an ambassador to Hungary since the end of mission of the previous holder, Colleen Bell, on January 20, 2017. David J. Kostelancik currently acts as chargé dʼaffaires at the U.S. Embassy in Budapest.

Photo: David B. Cornstein - CU NY TV

Source: BBJ

Republished with permission

  • How does this content make you feel?
  • Budapest Crisis: Lifeline Loan or Power Grab?

    Budapest Crisis: Lifeline Loan or Power Grab?

    • 11 Dec 2025 6:17 AM

    The government's aid loan programme is a "safety belt" for Budapest to ensure that the city remains functional, its employees get paid, and "nobody pockets the money owed to them", Alexandra Szentkirályi, the group leader of the ruling parties in the city assembly, said on Facebook on Monday.

  • Budapest Dawn Heat Record Broken on Saturday

    Budapest Dawn Heat Record Broken on Saturday

    • 8 Dec 2025 6:07 AM

    The Lágymányos weather station measured 8.4 degrees Celsius at dawn on Saturday, a new Budapest heat record for this day, the HungaroMet weather service said.

  • Updated: 'Budapest Will Not Kneel', Says Mayor to Gov't

    Updated: 'Budapest Will Not Kneel', Says Mayor to Gov't

    • 4 Dec 2025 12:00 PM

    At a "Budapest Pride March 2.0" rally outside the Carmelite Monastery, the prime minister's office, Gergely Karacsony, the mayor of Budapest, vowed the city would "not kneel", as he handed the City Assembly's resolution on its "real financial crisis" to a government representative.