Bulgaria has the EU's lowest labour cost, while Romania still lags well behind Poland and Hungary.
Peter Magyar posts secretly recorded conversation with his ex-wife and former justice minister Judit Varga, indicating high-ranking government officials manipulated evidence in a major corruption case.
The economies of Central and Eastern Europe (CEE), which experienced a period of stagnation last year, are poised for a modest revival in 2024, but both the Russian and Turkish economies are already overheating.
Romania has been catching up with the EU average faster than Hungary, which fell into recession in 2023.
Policymakers had discussed three options, a 50bp, 75bp and 100bp cut, and decided unanimously on the 75bp one, deputy governor Barnabas Virag said after the rate decision.
It is not the first time Orban has meddled in the affairs of foreign countries and sought to help his allies escape justice.
Spar will pay the price for its baseless and unfair accusations against Hungary, according to Minister for Construction and Transport Janos Lazar.
New opposition figure says he has gathered evidence that could lead to the fall of the Orban government.
Advisory body to the Council of Europe says Orban regime's ban on foreign political funding much too broad.
EU countries have overnight agreed to impose new restrictions on Ukrainian agricultural imports that will cost the cash strapped country €1.7bn and hurt its ability to fight the war against Russia.
EU ambassadors agreed to back a new €5bn Ukraine Assistance Fund on March 13, part of the EU's off-budget European Peace Facility (EPF) that is used to partially reimburse member countries for the weapons they provide to Ukraine.
European nations within Nato are facing a €56bn shortfall in meeting the alliance's defence spending pledge of 2% of GDP this year, the Financial Times reported on March 16.
Magyar drew an estimated 30-40,000 people, compared to Prime Minister Viktor Orban’s 20,000 on day of commemoration of 1848 revolution.
Government may be preparing to retreat due to reactions in the financial markets to perceived threat to central bank independence.
Hungarian PM Viktor Orban’s close ties with leaders of Serbia and Bosnia’s Republika Srpska have encouraged nationalism and authoritarian tendencies with negative consequences for stability, says paper published by EPC.
Peter Magyar, who burst into the public eye over the Fidesz paedophile pardon scandal, has made incendiary comments about the inner workings of the government.
The apparent threats to central bank independence are now worrying markets and the European Central Bank.
The plan would transform a 130-hectare train station yard in a northern part of the capital into a new city quarter with tourism, economic, business and sports functions.
Hungary’s economy contracted 0.9% in 2023, ranking the country among the laggards in the EU.