Nicholas Pongratz

Analysis

Recession Seems Inevitable, Experts Warn

A recession of the Hungarian economy seems inevitable, while there is a danger that inflation will become embedded at a...

World

Hungary Backs World Bank Funds for Ukraine, Neighbors

Minister of Finance Mihály Varga voiced Hungary's support for making more World Bank resources available to Ukraine and neighboring countries...

Logistics

East-West Gate Logistics Terminal Inaugurated

East-West Gate, a HUF 30 billion intermodal logistics terminal in Fényeslitke (290 km northeast of Budapest), near Hungary's border with...

Construction

Évosz Expects Orders to Drop off Next Year

Two-thirds of the member companies of the National Association of Construction Contractors (Évosz) expect a significant decrease in orders next...

Green Energy

HUF 71 bln Going to Green Infrastructure Between 2021-2027

According to the government's plans, HUF 71 billion will be provided between 2021 and 2027 for implementing urban green infrastructure...

Manufacturing

Hungarian Defense Forces Inaugurate 1st Lynx Fighting Vehicle

The Hungarian Defense Forces inaugurated the first Lynx infantry fighting vehicle at a swearing-in ceremony of reservists, according to portfolio.hu....

Analysis

Hungarians Fear Pension Won’t Cover Living Costs

Among the Hungarian adult population, the proportion of those who consider self-care important has increased significantly....

Logistics

Gebrüder Weiss Spending HUF 10 bln on Logistics Base

Gebrüder Weiss Kft. is spending HUF 10 billion to add 10,500 sqm of space at its logistics base in Dunaharaszti...

Crops

Hungary Peach, Apricot, Pear Crops Grow

While drought weighed on Hungary's apple crop this year, orchards produced more peaches, apricots, and pears, agroinform.hu said last week....

Crops

Drought Makes Hungary Net Importer of Maize

This year's drought is expected to make Hungary a net importer of maize, State Secretary Zsolt Feldman said after a...

Innovation

Continental Expands Software Development in Szeged

German automotive industry company Continental is adding driver assistance and automated driving software development activities in Szeged (170 km southeast...

Ukraine Crisis

Orbán Warns That ‘Sanction Surcharge’ may be Baked-in

The cabinet of Prime Minister Viktor Orbán approved an initiative on September 28 from governing Fidesz-KDNP MPs to organize a...

Automotive

Automotive Industry Output up 58% y.o.y. in August

The output of the automotive industry, Hungary's most significant manufacturing sector, rose 58% year-on-year in August, albeit from a low...

HR

Overtime Could Be Inflation Solution for Many

While in Western Europe, despite high inflation, workers prefer not to work overtime, in Hungary, overtime could be the solution...

Construction

Draft Legislation to Foster Hungarian Construction Multinationals

Draft legislation on a framework for state construction investments aims to support the establishment of Hungarian construction industry multinationals, Minister...

Ukraine Crisis

Hungary Again Digs in Heels on EU Accession Clusters

Hungary withheld approval for Ukraine’s next European Union accession clusters for a fifth time, after Prime Minister Péter Magyar rejected...

Ukraine Crisis

Hungarian-Ukrainian Relations Advance, to a Degree

Hungarian-Ukrainian relations advanced on several fronts in August, as President Volodymyr Zelenskyy invited Prime Minister Péter Magyar to Kyiv, Budapest...

Ukraine Crisis

Hungary Again Stalls on Opening Further Ukrainian EU Accession Clusters

Within five days, Hungary twice declined to clear the first procedural step toward opening two further European Union accession clusters...

Ukraine Crisis

Still no Date or Venue for Magyar-Zelenskyy Summit

Hungary’s government ordered an investigation into the Orbán-era seizure of Ukrainian bank assets, lifted a nine-month ban on Ukrainian media...

Ukraine Crisis

Magyar Lifts Veto on European Peace Facility, EU Accession Talks

Prime Minister Péter Magyar lifted Hungary’s two-year veto on European Union arms reimbursements on June 2 and announced a comprehensive...

Ukraine Crisis

Kyiv, Budapest Closer to Minority Rights Agreement

In the concluding weeks of May, Prime Minister Péter Magyar managed to secure EUR 16.4 billion in frozen EU funds...

Ukraine Crisis

Ukraine Makes Reset With Hungary a Foreign Policy Priority

Péter Magyar’s May 9 inauguration as Hungary’s prime minister, formally concluding Viktor Orbán’s 16-year continuous rule, brought an immediate shift...

Ukraine Crisis

Can Tisza Victory Help Budapest and Kyiv Reset Relations?

The European Union has approved a EUR 90 billion loan for Ukraine and unblocked delayed Russia sanctions after Hungary lifted...

Ukraine Crisis

Election Result Offers Hungarian Reset With EU and Ukraine

In what could prove a watershed moment for Hungarian-Ukrainian relations, Péter Magyar’s Tisza Party decisively ended the 16-year rule of...

Energy

Oil, Gas Pipeline Threats Highlight Hungary’s Energy Dependency

With an oil pipeline halted since January, a global price shock from the closure of the Strait of Hormuz, and...

Ukraine Crisis

Fidesz, Tisza Exchange Tit-for-tat Spying Allegations on Foreign Interference

Hungary’s government and opposition traded accusations of serving foreign intelligence services in the final days before the April 12 election,...

Ukraine Crisis

Ukraine Loan Blocked by Orbán, Szijjártó Phone Briefings Raise Eyebrows

Minister of Foreign Affairs and Trade Péter Szijjártó has been accused of covertly briefing Moscow on EU meeting proceedings, prompting...

Ukraine Crisis

Hungary Seizes Ukrainian Cash, Gold from Armored Truck Convoy

Hungary detained seven Ukrainian bank employees transporting USD 40 million, EUR 35 mln, and nine kilograms of gold through Budapest...

Ukraine Crisis

Budapest and Kyiv Trade ‘Blackmail’ Allegations Over Energy Supplies

Hungary intensified its confrontation with Ukraine over halted Russian oil shipments through the Druzhba (ironically, the name translates as “Friendship”)...

Ukraine Crisis

Gov’t Outrage Over Deaths During ‘Forced Conscription’ of Ethnic Hungarians

The death of a second ethnic Hungarian during Ukrainian military conscription processing triggered a series of escalating measures by the...

Hungary Again Digs in Heels on EU Accession Clusters

Hungary withheld approval for Ukraine’s next European Union accession clusters for a fifth time, after Prime Minister Péter Magyar rejected...

Hungarian-Ukrainian Relations Advance, to a Degree

Hungarian-Ukrainian relations advanced on several fronts in August, as President Volodymyr Zelenskyy invited Prime Minister Péter Magyar to Kyiv, Budapest...

Hungary Again Stalls on Opening Further Ukrainian EU Accession Clusters

Within five days, Hungary twice declined to clear the first procedural step toward opening two further European Union accession clusters...

Still no Date or Venue for Magyar-Zelenskyy Summit

Hungary’s government ordered an investigation into the Orbán-era seizure of Ukrainian bank assets, lifted a nine-month ban on Ukrainian media...

Magyar Lifts Veto on European Peace Facility, EU Accession Talks

Prime Minister Péter Magyar lifted Hungary’s two-year veto on European Union arms reimbursements on June 2 and announced a comprehensive...

Kyiv, Budapest Closer to Minority Rights Agreement

In the concluding weeks of May, Prime Minister Péter Magyar managed to secure EUR 16.4 billion in frozen EU funds...

Ukraine Makes Reset With Hungary a Foreign Policy Priority

Péter Magyar’s May 9 inauguration as Hungary’s prime minister, formally concluding Viktor Orbán’s 16-year continuous rule, brought an immediate shift...

Can Tisza Victory Help Budapest and Kyiv Reset Relations?

The European Union has approved a EUR 90 billion loan for Ukraine and unblocked delayed Russia sanctions after Hungary lifted...

Election Result Offers Hungarian Reset With EU and Ukraine

In what could prove a watershed moment for Hungarian-Ukrainian relations, Péter Magyar’s Tisza Party decisively ended the 16-year rule of...

Oil, Gas Pipeline Threats Highlight Hungary’s Energy Dependency

With an oil pipeline halted since January, a global price shock from the closure of the Strait of Hormuz, and...

Fidesz, Tisza Exchange Tit-for-tat Spying Allegations on Foreign Interference

Hungary’s government and opposition traded accusations of serving foreign intelligence services in the final days before the April 12 election,...

Ukraine Loan Blocked by Orbán, Szijjártó Phone Briefings Raise Eyebrows

Minister of Foreign Affairs and Trade Péter Szijjártó has been accused of covertly briefing Moscow on EU meeting proceedings, prompting...

Hungary Seizes Ukrainian Cash, Gold from Armored Truck Convoy

Hungary detained seven Ukrainian bank employees transporting USD 40 million, EUR 35 mln, and nine kilograms of gold through Budapest...

Budapest and Kyiv Trade ‘Blackmail’ Allegations Over Energy Supplies

Hungary intensified its confrontation with Ukraine over halted Russian oil shipments through the Druzhba (ironically, the name translates as “Friendship”)...

Gov’t Outrage Over Deaths During ‘Forced Conscription’ of Ethnic Hungarians

The death of a second ethnic Hungarian during Ukrainian military conscription processing triggered a series of escalating measures by the...