Hungary
Fidesz re-elects Viktor Orban as party leader despite election setback
Party congress signals continuity rather than strategic renewal for Fidesz, forced into opposition after four supermajority wins.
EU disunity deepens as foreign policy chief Kallas’ job comes under attack
France and Germany are discussing proposals for a radical overhaul of the EU’s 15-year-old diplomatic service and cutting the powers of EU foreign policy chief Kaja Kallas, in an attempt to improve the bloc’s response to geopolitical crises.
Hungary’s leading poultry processor to ditch €1bn investment, cut production without access to foreign labour
Master Good says its planned expansion in Hungary would be unfeasible under the government’s tightened foreign labour rules.
Chinese EV giant BYD quietly shelves plan for billion-dollar plant in Turkey
Confirmation of move comes after lawmaker revealed not a single shovel had hit the ground at the project site.
Hungarian government submits sweeping anti-corruption package in bid to unlock EU funds
The legislative package designed to meet so-called “super milestones” attached to the EU’s RRF, which have been withheld due to rule-of-law and corruption concerns.
Serbia says will not hinder NIS sale as Gazprom-MOL talks progress
Serbia will not obstruct the planned sale of Russia’s majority stake in oil firm NIS, as negotiations between Gazprom and Hungary’s MOL enter a critical final phase under a US-imposed deadline.
Hungarian anti-graft chief claims Orban-era ministers interfered in corruption probes
The head of Hungary's Integrity Authority accused ministers in Viktor Orban's former government of attempting to stop investigations into politically sensitive cases and orchestrating a campaign of intimidation.
EBRD2026: EBRD, EU expand InvestEU support with €478mn in new guarantees
Additional guarantees to enable EBRD to finance higher-risk projects that may otherwise struggle to secure commercial funding.
Russian oil flows through Druzhba return to normal as Hungary and Slovakia resume Russian oil and gas imports
Russian crude oil deliveries to Hungary and Slovakia through the Soviet-era Druzhba pipeline returned to normal levels in May, marking the first full month of uninterrupted supplies since transit resumed in April after a dispute.
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Budapest and Kyiv reach agreement on expanding the rights of ethnic Hungarians, Peter Magyar says
If implemented, the deal could be a major turning point in strained bilateral ties and lead to Budapest dropping its veto on aid to Ukraine.
Serbian businessman confirms €2bn bid for Gazprom stake in NIS
Serbian businessman Ranko Mimović said he has submitted an offer to Russia’s Gazprom to acquire its majority stake in sanctioned oil company NIS.
COMMENT: Europe risks becoming a ‘vassal’ unless it relearns power politics, Sciences Po chief warns
Europe is in a historic decline that threatens its economic model, political autonomy and global influence, and lacks the intellectual framework needed to reverse the trend, according to the head of France's elite Sciences Po university.
Middle East conflict and energy shock slow growth across EBRD regions
Bank warns higher energy costs are reigniting inflation, weakening industrial competitiveness and straining already fragile public finances
Hungary's economy gains momentum in Q1 with consumption driving growth
Consumer spending rose sharply as households benefited from sizeable pre-election fiscal transfers and improving confidence.
German business returns to Russia for St Petersburg Investment forum
A group of German business figures is set to attend Russia’s flagship St Petersburg International Economic Forum (SPIEF) which kicks off on June 3, marking a return of top German companies to Russia’s flagship event.
Hungary’s battery boom is causing a water crisis
Hungary’s ambition to become Europe’s electric vehicle battery hub is colliding with a growing environmental reality: the country is running short of water, Center for European Policy Analysis (CEPA) said in a report.
Bulgaria the latest addition to the EU’s Excessive Deficit Club
Bulgaria has barely had time to celebrate joining the eurozone monetary union at the start of this year before the European Commission is set to turn around and throw it into the rapidly growing financial delinquents club.
Hungary reaches historic political deal with EC on unlocking €16.4bn in EU funds
Hungary's new PM Peter Magyar commits to a sweeping package of anti-corruption and rule-of-law reforms.
From Soviet antihistamine to Alzheimer's breakthrough: a UK biotech bets on a molecule the world forgot
A small UK-registered biotech company believes it has found an Alzheimer's treatment that is safer, cheaper and more effective than anything currently on the market — and it has done so by revisiting a molecule first synthesised by Soviet chemists.
A growing Balkan bloc objects to Ukraine's accelerated EU membership
Former Hungarian prime minister Viktor Orban was the most vocal opponent of Ukraine’s EU accession bid. However, behind the scenes several other EU members have opposed allowing the agricultural superpower to join.