The financing will go primarily to strengthen energy security across the initiative’s countries, which consider it necessary to end, or at least reduce, dependence on Russia as an energy supplier.
Viktor Orban says preserving jobs will remain the most important task in 2020 and beyond, and makes surprise climate announcement.
The West has lost the initiative to illiberal powers like China and Russia that are now acting on their own, according to the "Westlessness" report produced ahead of the Munich Security Summit.
The four blocks of the Paps nuclear power plant accounted for nearly half of the gross electricity generated in the country.
WeShare launched in Berlin last June and will expand to seven other cities this year, with plans to deploy 8,400 electric vehicles.
Indigo Partners reduced its share in Central Europe's leading discount carrier from 20.6% to 3.4%.
The Hungarian prime minister complained that the basic idea of the EU's 2021-2027 draft budget is unfair and contains changes that aim to shift money from poorer member states to richer ones.
Central European carmakers, Polish food producers and Czech brewers are among those expected to be hard hit by Brexit, but until a trade deal between the EU and UK is reached — or not — the extent of the fallout is impossible to predict.
Hungary is the first market outside the Czech Republic for the group, which wants to expand to new markets in the future.
The Hungarian forint is amongst the worst-performing currencies this year, and its depreciation is forecast to continue thanks to the central bank’s dovish policies.
Many of the newer EU member states saw their scores deteriorate on the latest Corruption Perceptions Index amid growing state capture and efforts by governments to undermine judicial independence.
What is being touted as the world’s first hydrogen fuel cell-powered aircraft that could be made suitable for carrying passengers has been unveiled at Jakabszállás airport in central Hungary.