Hungary
EBRD says geopolitics, tariffs and China competition weigh on Emerging Europe growth
Development bank downgrades 2025 forecasts for Central and Eastern Europe citing weak external demand, rising debt and the impact of US tariffs.
EU launches red-tape cutting reforms seeking to make Europe competitive again
Brussels will start cutting red tape with the so-called omnibus legislation this autumn as it sets out to make Europe competitive again, Politico reported on September 17.
EU finance ministers discuss Ukraine's Reparations Loan but no decision yet
EU finance ministers met in Copenhagen on September 20 to discuss tapping the cash pile of frozen Central Bank of Russia (CBR) money and using it to make a large Reparation Loans to Ukraine, but no final decision has been reached.
EU passes nineteenth sanctions package, accelerates LNG phase out
The European Commission has published proposals for a 19th sanctions package against Russia that would tighten curbs on energy trade and payments, with new measures aimed at oil refineries, oil traders and petrochemical companies in third countries.
Europe’s summer heatwaves killed more than 16,000 people
The heatwaves that swept the Continent were responsible for more than two-thirds of the 24,400 heat-related deaths estimated in Europe this summer, or 16,266 people, according to a new study conducted by scientists at Imperial College London.
Russian team comes dead last in Hungary’s annual grave digging contest
In a surprise move, Hungary invited a Russian team to its annual grave digging competition. In an even bigger surprise the team from Novosibirsk came dead last.
The European Commission proposes to “creatively” tap Russia’s $300bn of frozen assets with Reparation Loans
The European Commission is floating a new idea of how to “creatively” tap Russia’s $300bn of frozen assets without the need to appropriate, which is legally questionable, by replacing the money transferred to Kyiv with EU-backed bonds.
Ukraine hits multiple Russian oil refineries, Trump calls for more EU oil sanctions
Ukraine is expanding its campaign of trying to cut the Kremlin off from its oil export income with a campaign of targeting Russia’s oil refining and pipeline assets, using its new long-range drones and missiles.
COMMENT: Europe’s summer of humiliation
This summer started with optimism around trade deals and progress in Ukraine, but quickly unravelled. Trade uncertainty is back, the war drags on with rising casualties, and Europe is now grappling with a raft of political crises.
Extreme poverty falling steadily – OWID
To track progress towards ending extreme poverty, the United Nations relies on World Bank estimates of the number of people living below a poverty threshold called the “International Poverty Line” (IPL), Our World in Data (OWID) reports.
Two thirds of Germans fear a Russian invasion fuelling far-right election gains in western heartland
Public anxiety over a potential Russian attack on Nato territory has surged in Germany following the recent drone incursion on September 10 into Polish airspace that coincided with sharp gains by the far-right Alternative for Germany (AfD).
Hungarian foreign minister fails to condemn Russian drone attack during Belarus visit
Peter Szijjarto avoided blaming Russia for drones crossing Polish airspace and causing damage, a stance in line with Budapest’s longstanding reluctance to confront Moscow directly.
Von der Leyen pledges unwavering support for Ukraine, unveils competitiveness reforms in EC state of the Union speech
European Commission President Ursula von der Leyen used her annual EU State of the Union address on September 10 to reaffirm the bloc’s commitment to Ukraine, signal a tougher stance on Israeli settler violence, and outline reform
India, China, Europe, all face population declines by the end of the century – OWID
This chart tracks the UN’s latest demographic projections for four large populations: India, China, Europe, and the United States. Together, they account for about half of today’s world population, Our World in Data (OWID) reports.
Hungary's 4iG announces landmark acquisition of automaker Raba in partnership with Czech CSG
Acquisition is the centrepiece of 4iG's strategy to integrate ground mobility into a defence portfolio that already spans aerospace and satellite technologies.
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Orban warns EU risks collapse without structural overhaul
PM Viktor Orban says Hungary faces a choice between safeguarding its sovereignty or "heading for the abyss" by deepening integration with the EU.
KYIV BLOG: Brexit on steroids
The coalition of the willing Paris summit on September 4 ended in disaster. The European team has been working really hard for several weeks to thrash out a plan to save Ukraine and came together in Paris.
Trump chews coalition of the willing leaders out over Russian oil imports
US President Donald Trump got into another shouting match over the Ukraine conflict, this time with Europe’s top leaders of the coalition of the willing, in a phone call following the end of the Paris summit on September 4.
The coalition of the willing meet in Paris to try and stop the war in Ukraine
President Zelenskiy travelled to Denmark and France on September 3 to meet with leaders from 35 countries that make up the coalition of the willing (COW) and discuss the need for strong measures to pressure Russia to negotiate an end to the war.
LONG READ: Europeans face recession, financial crises, as they struggle to boost defence spending
US President Donald Trump has dropped the burden of supplying and supporting Ukraine’s battle against Russia firmly in Europe’s lap. But cash-strapped and with the UK and France on the verge of crisis, they are going to struggle to manage.