Hungary
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BLOG: Efforts to tackle methane emissions continue, despite Trump’s regulatory rollback
Momentum behind improved methane monitoring, quantification and mitigation continues to build in the US – even without the same regulatory pressure.
Europe's troublemakers meet in Belgrade
Hungarian Prime Minister Viktor Orban met Serbian President Aleksandar Vucic in Belgrade on May 23, in a display of solidarity between two of Europe’s most defiant political figures.
Hungary's richest see €5bn surge in wealth, with Orban allies among biggest gainers
Hungary’s 100 wealthiest individuals saw their combined fortunes surge by a record HUF2tn (€5bn) over the past year, lifting the total above HUF11tn for the first time, according to the 24th annual edition of the 100 Richest Hungarians ranking.
The EU prepares a Plan B to sidestep Hungary's veto of Ukraine's accession bid
Brussels is preparing Plan B to side step Hungary’s veto of Ukraine’ accession to the EU, European Pravda reported on May 21. The initial legal steps have already been taken, though they remain undisclosed, according to multiple EU sources.
Record temperatures around the world – Statista
A heat wave is sweeping across South Asia, with temperatures having reached 44°C in India’s Jaipur and 50°C in Pakistan’s Shaheed Benazirabad in April, Statista reports.
US envoy urges Europe to reduce reliance on Moscow and Beijing at Budapest security conference
US chargé d'affaires Robert Palladino in a Budapest conference said the US wants Europe to step up and contribute more significantly to Ukraine’s defence, and he wants a Europe that is not dependent on Moscow or Beijing.
Hungarian lawmakers approve withdrawal from ICC
Lawmakers approved Hungary’s withdrawal from the International Criminal Court (ICC) on May 20 with 134 votes in favour and 37 against. The Orban government has become the first EU country to leave the Hague-based institution.
Data centre power use expected to increase 20-fold in next five years
The first data centres consumed as much power as 20,000 homes, but the largest today use the same amount of power as100,000 homes, and are on track to burn up 5mn households' worth of power by 2030 – the same amount of power that Japan consumes.
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Brazil poultry sector hit as bird flu prompts global export bans
Brazil, the world's largest poultry exporter, has confirmed its first outbreak of highly pathogenic avian influenza on a commercial farm, triggering immediate import bans from major markets including China and the EU.
EC slashes Hungary's growth forecast to lowest in region, below tepid EU average
Hungary's economic recovery remains sluggish, with the country projected to significantly underperform its Central European neighbours in both growth and investment, according to the European Commission's spring forecast.
Viktor Orban makes huge political misstep in supporting Simion, Hungarian analyst says
The outcome has been a defeat for Viktor Orban as ethnic Hungarians overwhelmingly supported the pro-European candidate, Nicusor Dan.
Hungarian fertilser maker agrees with bondholders on extending €200mn debt
Hungary’s leading fertiliser maker Nitrogemuvek, owned by businessman Laszlo Bige, has reached an agreement with investors holding 75% of its €200mn bond package on a 60-day extension of the debt after the company missed a deadline last week.
BYD moves European HQ to Hungary, sets up €250mn business and development
Chinese electric vehicle giant BYD will relocate its European headquarters from the Netherlands to Hungary as part of a newly signed strategic cooperation agreement with the Hungarian government on May 15.
Viktor Orban's "bullet shield" and long-time chief prosecutor leaves post to secure job at Constitutional Court
Peter Polt is stepping down as chief prosecutor after more than two decades in the role, three years before his mandate was due to end, to take up a seat on the Constitutional Court, an institution already stacked with figures loyal to Viktor Orban.
Viktor Orban escalates crackdown on civil society and media with sweeping Russian-type foreign agents law legislation
Hungary's ruling Fidesz has unveiled a draft law that critics warn could cripple the country's remaining independent media outlets and civil society organisations, deepening fears over democratic backsliding and growing estrangement from the EU.
Central Europeans overwhelmingly oppose Trumpist narratives about free speech, 2025 Media Freedom Poll shows
Citizens of Czechia, Hungary, Poland and Slovakia oppose the Trump administration’s narratives about free speech as allegedly not requiring the regulation of social media, with nearly 90% demanding that online platforms act against hate speech.
COMMENT: Amid shrinking civic space, will the EBRD still uphold its democratic mandate?
As the global Democracy Index recorded a historic low in 2024, institutions tasked with upholding democratic values are under increasing pressure to adapt.
Hungary’s Richter expands US footprint with strategic investment in biopharma company
CEE’s leading pharma Richter Gedeon has acquired a "significant stake" and entered into a business development partnership with Granata Bio, a US-based company specialising in reproductive health.
Magyar Telekom to spin off mobile towers unit
Magyar Telekom will spin off its passive mobile infrastructure into a separate unit, the company announced on May 13. The transaction, pending approval by shareholders at the June 26 EGM, could be closed in the last quarter.
Hungary's annual vehicle output set to reach 1mn soon, Foreign Minister says at automotive conference
Ongoing projects in Hungary's vehicle sector will push annual output above 1mn cars and 2mn engines, and Hungary will have the world's second-largest EV battery production capacity, Foreign Minister Peter Szijjarto said.