MTI

EU

Bóka: European Competitiveness Presidency’s Top Priority

Boosting EU competitiveness is the top priority of the Hungarian EU presidency, European affairs minister János Bóka said in Brussels...

MNB

Policymakers Cut Base Rate 25 bp to 6.5%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25...

EU

EC: Hungary Can Apply for Flood Relief

Hungary can apply for funds from the European Union resources earmarked for aid for flood-hit countries by submitting damage assessment...

Ratings

Scope Affirms Magyar Telekom BBB+ Issuer Rating

Scope Ratings has affirmed the BBB+ issuer rating of Magyar Telekom and revised the outlook to stable, the telco said...

Government

DK Calls on Gov’t to Abandon ‘Austerity’

The opposition Democratic Coalition (DK) has accused the government of planning to usher in an "austerity package" containing 130 measures....

Budapest

Karácsony: Budapest Passes Flood Defense Test

Budapest has "passed the flood defense test", Gergely Karácsony, the city's mayor, told a press conference held near the River...

Government

Forecasts Accurate So Far, Key to Flood Defense, Orbán Says

Forecasts of flood peaks have been accurate so far, and this is key to the success of defense efforts, Prime...

EU

Hungary Begins Talks With EC on CJEU’s Migration Policy Ruling

Hungary will not pay the fine imposed on it by the Court of Justice of the European Union, but has...

EU

Minister: Hungary’s Universities Have Right to Erasmus, Horizon Programs

Balázs Hankó, the minister for culture and innovation, has called for a solution ensuring that Hungarian universities take their rightful...

Government

Orbán: Peak Flood Expected to Leave Hungary by Mid-Next Week

The flood of the Danube is expected to peak in Budapest on Saturday night, and the brunt of the wave...

EU

EU to Deduct EUR 200 mln Fine From Hungary Funding

The European Commission will start deducting the EUR 200 million fine from the funding payable to Hungary as the country...

World

American Hungarian Diaspora Org Sets Sights on Young People

Celebrating incredible examples of success in the Hungarian American community and getting young people engaged are important goals to help...

Budapest

Karácsony: Budapest Ready for Flood Wave

All preparations for protecting Budapest from the impending flood wave along the River Danube will have been completed by Thursday,...

EU

Von der Leyen Nominates Várhelyi as Health and Animal Welfare Commissioner

European Commission President Ursula von der Leyen has nominated Hungary's Olivér Várhelyi for the post of European Commissioner for Health...

EU

Europe Needs Competitiveness ‘Turnaround’ – Minister

Culture and Innovation Minister Balázs Hankó said Europe needed a "competitiveness turnaround" in remarks ahead of an informal meeting of...

Int'l Relations

No Hungarian Casualties Reported in Krakow Shooting, Ministry Says

Hungary’s Foreign Ministry said Saturday evening that it had no information indicating any Hungarians were among the casualties of a...

Banking

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

Domestic

Hungary Seizes HUF 1.5 bln in Pandemic Equipment Money Laundering Probe

Suspects were detained and HUF 1.5 bln in assets seized in raids targeting an alleged money laundering ring linked to...

Retail

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

No Hungarian Casualties Reported in Krakow Shooting, Ministry Says

Hungary’s Foreign Ministry said Saturday evening that it had no information indicating any Hungarians were among the casualties of a...

Budapest and UNICEF Hungary Partner to Involve Young People in Climate Planning

Budapest and UNICEF Hungary have signed a cooperation agreement to involve young people in urban sustainability planning. The new Cities...

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

MOL Gets U.S. Clearance for Preparatory Steps in NIS Acquisition

MOL has received a U.S. sanctions license authorizing certain preparatory transactions related to its potential acquisition of a stake in...

Magyar Telekom Q3 Profit Rises 7.5% as Revenue Grows

Magyar Telekom’s Q3 net income rose 7.5% year-on-year to HUF 59.5 bln, supported by similar revenue growth. The company reaffirmed...

Hungary Makes Christmas Eve a Public Holiday Starting in 2026

December 24 will become a public holiday in Hungary starting this year after Parliament unanimously approved a bill submitted by...

Parliament Elects Péter Fejes as Hungary’s Chief Public Prosecutor

Parliament elected Péter Fejes as Hungary's chief public prosecutor Tuesday, approving President András Baka's nominee with 139 votes in favor...

More Than 200 WWII Explosives Found at Budapest Construction Site

Bomb disposal specialists recovered more than 200 World War II explosive devices and fragments at a construction site on Üllői...

Hungary Considers Eurovision Return in 2027

Hungary is considering a return to the Eurovision Song Contest in 2027 after last competing in 2019. Public media said...

EP Vice President Welcomes Hungary’s Reforms, Says Concerns Remain

European Parliament Vice President Sophie Wilmès welcomed changes under way in Hungary since the April election, describing reforms as encouraging...

Hungary Proposes 15% Corporate Tax Rate for Large Companies

The government has submitted a bill that would raise Hungary's corporate tax rate from 9% to 15% for companies with...

Hungary Seizes HUF 1.5 bln in Pandemic Equipment Money Laundering Probe

Suspects were detained and HUF 1.5 bln in assets seized in raids targeting an alleged money laundering ring linked to...

Aldi Hungary Challenges HUF 123 mln Fine Over Advertising Claims

Aldi Magyarország is seeking a court review of a Hungarian Competition Authority (GVH) decision fining it HUF 123 mln for...

Hungarian Banks Seek Gradual Reduction in 45% Effective Tax Burden

Hungarian banks hope for a “slow but certain” reduction in their tax burden, Hungarian Banking Association President Radovan Jelasity said...