Hungary
Water levels drop in Europe’s main rivers as heatwave hits cargo traffic
Both the Vistula in Poland and the Danube in Hungary, two of Europe’s biggest rivers, have reached record-low water levels as Europe’s unprecedented heatwave intensifies and starts to cause major economic damage.
Ex-wife of Hungary's Peter Magyar testifies in court in high-profile corruption case
Former justice minister Judit Varga appeared in court on July 3 as a witness in a high-profile corruption case, which centres around Gyorgy Schadl, former head of the bailiff chamber (MBVK), and ex-state secretary of the Justice Minister Pal Volner.
EU taxpayers funnelled up to €5.5bn into Orban's kleptocracy, anti-graft watchdog claims
Between 2011 and 2023, EU taxpayers may have unwittingly contributed €3.2–5.5bn to the consolidation of Viktor Orban’s kleptocratic regime, according to a new study by the Corruption Research Centre Budapest.
Slovak opposition accuses government of siding with Hungary in ending Gabčíkovo-Nagymaros dispute
Slovak opposition parties accused the left-right cabinet of Prime Minister Robert Fico of securing favourable terms for Hungary by bringing the long-standing Gabčíkovo-Nagymaros hydroelectric power plant System dispute to an end.
Hungary meets nearly entire annual financing plan by June
Hungarian Debt Management Agency (AKK) said the 2025 financing plan was fulfilled on a prorated basis in H1, with 96% of the full-year net issuance target completed by end-June.
Emerging Europe growth resilient despite global risks, wiiw says
Economies across Central, Eastern and Southeast Europe are set to maintain solid growth in 2025 and 2026 but face downside risks from Middle East tensions, the war in Ukraine and US trade policy.
Hungary imposes mid-year austerity on state-owned companies
The Hungarian government is introducing further measures to stabilise the 2024 budget after earlier signs that this year’s fiscal plan has gone off track.
US lifts sanctions related to Paks nuclear plant upgrade
The expansion of the Paks II nuclear power plant could now gain "new momentum" following Washington's decision to lift sanctions related to the project.
EU eyes new Asian trade alliances to offset US trade war risks
European Commission President Ursula von der Leyen is pushing for closer ties with Asia as part of a new EU trade strategy to offset the growing trade war risks with the Trump administration and reforming the global trade system.
Hungarian astronaut arrives at ISS aboard SpaceX Crew Dragon
The SpaceX Crew Dragon spacecraft carrying the crew of the Ax-4 mission, including Hungarian astronaut Tibor Kapu, docked with the International Space Station on June 27.
Hungarian economy faces weak growth, slow path to price stability, central bank report shows
Hungary's economy continues to struggle with weak momentum and only a gradual improvement in inflation, the National Bank of Hungary said in its latest Inflation Report.
Budapest Pride’s record turnout exposes Viktor Orban’s waning grip on power
Sheer scale of the event and the state's eventual decision to allow it to proceed signal a loss of control and resolve within Hungary's ruling Fidesz.
Budapest Pride defies ban as European politicians rally against Hungary’s crackdown
Budapest Pride went ahead on June 28 in defiance of a government ban, drawing the support of more than 70 members of the European Parliament and several prominent European ministers, who travelled to the Hungarian capital to back the event.
Europe swelters in historic heatwave
Record-breaking temperatures for the time of year are likely to occur across a large part of western Europe in the coming days as a historically unprecedented heatwave intensifies.
ING: Unemployment rate drops further than expected in Hungary
Recent labour market data show that demographic decline and voluntary exits are key factors to watch out for. Meanwhile, gloomy macroeconomic conditions are leading to redundancies. A bleak outlook is prompting companies to consider downsizing.
Polish astronaut docks at ISS after historic launch aboard Ax-4 mission
The Crew Dragon capsule carrying Polish astronaut Sławosz Uznański-Wiśniewski successfully docked with the International Space Station on June 26, completing Poland’s first crewed space mission since 1978.
A row has broken out between Hungary and Ukraine over Kyiv’s right to join the EU
Hungarian Prime Minister Viktor Orban claimed this week that 95% of Hungarians are against Ukraine’s accession to the EU.
Czech real estate tycoon Vitek is reportedly mulling sale of his CPI empire
CPIPG is one of the largest real estate groups in Central Europe, with assets in all the V4 countries and Germany.
Hungary’s MNB leaves rates on hold, won’t rush to restart easing cycle
The Hungarian central bank (MNB) left its base rate on hold on June 24 at 6.50% for the ninth month in a row.
Global uncertainty causes FDI to plummet in Emerging Europe
wiiw research blames crisis in German industry and the uncertainty surrounding Donald Trump’s second term as US president for sharp slowdown in FDI.