Hungary

EU leaders brace for emergency summit if Hungary continues to block extension of Russian sanctions

bne IntelliNews January 26, 2025

Hungary has withheld its consent to extend EU sanctions against Russia at the meeting of EU ambassadors on January 24. EU Foreign Ministers will gather on Monday, 27 January, to vote on the issue.

Bomb threats to schools in Hungary traced to emails sent through Yandex platform, IT experts say

bne IntelliNews January 24, 2025

IT security experts said the bomb threats were traced to emails sent through the Russian Yandex platform, suggesting involvement from Russian actors.

City of Budapest vows to exercise pre-emptive rights over plot for planned €5bn luxury project by UAE investor Eagle Hills

bne IntelliNews January 23, 2025

The Budapest municipality has vowed not to waive its pre-emption rights over a plot of land sold by the state to UAE investor Eagle Hills, which plans a €5bn real estate development on the site, Mayor Gergely Karacsony announced.

Wizz Air stops refuelling at Belgrade airport to comply with US sanctions

Tatyana Kekic in Belgrade January 22, 2025

Recent US sanctions targeted oil and gas company NIS, the sole supplier of aviation fuel in Serbia, which is majority-owned by Russia’s Gazprom Neft.

Hungarian rapper's video taking aim at Viktor Orban and corruption goes viral

bne IntelliNews January 22, 2025

The music video by Hungarian rapper and television personality Majka has sparked significant political repercussions and dominated public discourse over the last few days as it targeted the ruling party and its leader Viktor Orban.

COMMENT: Europe needs to start the fightback against Trump now

Robert Anderson in Prague January 21, 2025

The European centre-right is facilitating the populist attack on liberal democracy.

Viktor Orban skips Trump’s inauguration to launch offensive against Brussels at Budapest conference

bne IntelliNews January 21, 2025

Hungarian Prime Minister Viktor Orban used a conference evaluating the country's EU presidency to launch fresh attacks on Brussels, reiterating his long-standing criticisms of the EU and Western liberalism.

Analysts expect ‘perfect storm’ of political risks in 2025

Clare Nuttall in Glasgow January 20, 2025

Global political risk is set to intensify in 2025 with international trade becoming a geopolitical battleground after Trump’s return to office, said Verisk Maplecroft analysts.

COMMENT: With Trump back in the White House, Europe may need to turn to Turkey to strengthen its security

Will Conroy in Prague January 19, 2025

Analyst suggests EU cannot hope to deter Russia effectively without closer cooperation with Ankara.

Emerging Europe split between eager anticipation and wary acceptance ahead of Trump inauguration

bne IntelliNews January 17, 2025

For some leaders in Central and Southeast Europe, the new Trump presidency is seen as a opportunity; for others it’s a challenge to navigate carefully.

Analysts ponder why Viktor Orban is skipping Donald Trump’s inauguration

bne IntelliNews January 16, 2025

Hungarian Prime Minister Viktor Orban will not attend the inauguration of Donald Trump on January 20, but will instead deliver a keynote speech at a conference evaluating Hungary's EU presidency on the same day.

China's Xinzhi creates 900 jobs with €120mn investment in Hungary

bne IntelliNews January 14, 2025

China's automotive company Xinzhi is establishing a plant in Hungary through a HUF50bn (€120mn) investment.

Hungary's industry mired in recession in November as October bounce proves one-off

Tamas Csonka in Budapest January 9, 2025

Industrial output in Hungary fell 4.2% year on year in November and by 2.9% when adjusted to working days, according to preliminary data from the Central Statistics Office.

German electricity prices highest in Europe, 70% above the European average, with Hungary's the lowest

bne IntelliNews January 9, 2025

Germany has been identified as the European country with the highest electricity prices at €416.20 per MWh, the Swedish price comparison company Finansvalp said in a comment emailed to bne IntelliNews on January 9.

US sanctions key Orban ally for corruption

Tamas Csonka January 8, 2025

Antal Rogan accused of orchestrating public procurement schemes that enriched himself and other party loyalists.

Hungary’s 4iG seeks further acquisitions in CEE and Western Balkans for rebranded telco operations

Tamas Csonka in Budapest January 7, 2025

Thanks to a streak of acquisitions, 4iG’s revenue has surged from HUF15bn in 2018 to nearly HUF700bn.

EU presidency passes from Putin-whispering Hungary to hawkish Poland

Wojciech Kosc in Warsaw January 7, 2025

Poland will continue to advocate for continued support for Ukraine fighting Russian aggression, a policy that is expected to come under duress in the early months of Trump's presidency.

PROFILE: Lorinc Meszaros, Hungary's most powerful oligarch

Tamas Csonka in Budapest January 3, 2025

The Opus tycoon embodies the new business elite built by Prime Minister Viktor Orban's semi-authoritarian regime and has also come to symbolise crony capitalism.

COMMENT: The EU’s Green Deal is a “policy disaster”

bne IntelliNews December 29, 2024

Energy analyst Dr Tom O'Donnell has issued a stark critique of the European Union's Green Deal, describing it as a "policy disaster" that requires radical reform to prevent further industrial decline and to bolster energy security.

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.

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