Hungary

Hungary grants political asylum to fugitive former PiS minister

Wojciech Kosc in Warsaw December 20, 2024

Hungary justified its decision by raising concerns over the fairness of legal proceedings in Poland, sparking bilateral row.

The EU Council calls for a European geothermal action plan

bne IntelliNews December 19, 2024

The energy ministers in the EU Energy Council approved the outline of a European geothermal energy action plan on December 17.

FDI in Emerging Europe hit by geopolitical uncertainty and German slowdown

Clare Nuttall in Glasgow December 18, 2024

wiiw report warns lower investment trend could continue as Central and Eastern Europe's role as a production hub for Western companies is waning.

Hungarian households have joint lowest consumption levels in EU

Tamas Csonka in Budapest December 18, 2024

Hungarians and Bulgarians had the lowest spending power among EU member states.

Hungary blocks EU military help to Ukraine and some sanctions against Georgia and Russia

Tamas Csonka in Budapest December 17, 2024

European Commission set to suspend visa-free travel for Georgian diplomats.

Hungary's state utility giant buys E.ON’s energy supply operations in Romania

bne IntelliNews December 17, 2024

MVM will acquire a 68% stake in E.ON Energie Romania, which has close to 3.4mn customers, and a 98% stake in regional service provider E.ON Asist Complet.

Hungary and Slovakia block EU sanctions on Georgian Dream

bne IntelliNews December 16, 2024

EU foreign ministers consider sanctions on top Georgian Dream officials and limiting the visa-free regime for Georgians.

IMF: The 2004 EU enlargement was a success story built on deep reform efforts

Sebastian Weber for the IMF December 16, 2024

New accession candidates will need to undertake equally ambitious reforms to make the next expansion a comparable success.

Hungary’s automotive sector grapples with slowdown of export markets

Tamas Csonka in Budapest December 16, 2024

Automotive output down 3.9% year-on-year in October.

Orban continues freelance peace mission with visit to Ankara

Tamas Csonka in Budapest December 13, 2024

Orban's solo diplomacy at the start of his rotating EU presidency almost led to Hungary being stripped of its presidency.

Slovakia will continue supplying Czechia with processed Russian oil for another six months

Albin Sybera December 13, 2024

Slovakia prolongs exemption from EU sanctions on oil products from imported Russian oil.

Tusk says he will protect broadcasters TVN and Polsat from hostile takeovers

Wojciech Kosc in Warsaw December 11, 2024

Polish commercial broadcasters added to list of strategic companies after rumours of interest from millionaire close to Hungary's Orban.

North Macedonia secures second €500mn loan from Hungary to repay 2018 Eurobond

Valentina Dimitrievska in Skopje December 11, 2024

Loan is the second part of a broader €1bn agreement with Hungary, which has a close relationship with North Macedonia's new rightwing government.

Shares in Hungary’s 4iG skyrocket amid speculation over SpaceX collaboration

Tamas Csonka in Budapest December 11, 2024

4iG’s HUSAT satellite programme will be the first of its kind in the CEE region to develop satellite-based telecommunications and Earth observation capabilities.

Hungary's inflation accelerates to 3.7% in November

Tamas Csonka in Budapest December 11, 2024

Month-on-month inflation was 0.5%.

European Commission questions viability of Hungarian government’s medium-term economic forecast under EDP procedure

Tamas Csonka in Budapest December 9, 2024

Fiscal plans are missing significant information and are based on unreliable data, says Dombrovskis.

Orban threatens to veto EU budget unless suspended Hungarian funds are released

Tamas Csonka in Budapest December 8, 2024

Budapest could lose billions in unreleased funds unless Orban regime finally makes reforms to repair rule of law.

COMMENT: European countries plan hydrogen import infrastructure to achieve climate goals

Fuad Shahbazov in Durham December 6, 2024

Talks between Greece's DESFA and several Southeast and Central European countries aim to establish a new hydrogen corridor to Germany.

Hungary asks for exemption from US sanctions for Russia's Gazprombank

Tamas Csonka in Budapest December 5, 2024

Foreign minister says the sanctions could cause serious difficulties for Hungary, Slovakia, Turkey and Serbia, which use the bank to pay for Russian oil supplies.

Czechia to open oil reserves after Russia halts Druzhba pipeline flows

Albin Sybera December 5, 2024

Russian move seen as reaction to Czech statement that it won't ask for the prolonging of its exemption from the EU ban on imports of petroleum products made from Russian oil.

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