Foreign Affairs

EU

Hungariansʼ trust in EU reflects overall mood across union

Hungariansʼ trust in the European Union is on the rise, according to the latest Eurobarometer survey conducted by the European...

Int'l Relations

Koreaʼs Bumchun picks Hungary for first foreign plant

South Koreaʼs Bumchun Precision revealed Wednesday it will build a HUF 13.3 billion plant supplying parts for electric cars in...

EU

Commission moves to sue Hungary over ‘Stop Soros’ laws

The European Commission (EC) is set to sue Hungary at the Court of Justice of the European Union (CJEU) over...

EU

Income inequality in Hungary under EU average

Income inequality in Hungary, measured by the difference between the incomes of the top fifth and lowest fifth of earners,...

EU

Hungary has fifth highest death rate in EU

Hungary has posted the fifth highest death rate per 100,000 inhabitants in the European Union, according to recent research published...

EU

Eurostat: Hungary generates highest home price growth

House prices, as measured by the House Price Index, rose by 4% in both the euro area and the EU...

Int'l Relations

Hungary signs deal on Trieste Port

Hungary has signed an agreement regarding the establishment of a port and logistics base in Trieste, northeast Italy, aiming to...

Int'l Relations

Reveling in the ‘Purity’ of Hungarian (and U.S.) Numbers

In his first exclusive interview with the Budapest Business Journal, U.S. Ambassador David B. Cornstein reflects on his first year...

EU

17% of Hungarian young people not in employment, education

The statistical body of the European Union, Eurostat, says that some 17% of Hungarians between the ages of 20 and...

EU

Jobless rate down to 3.4%; employment hits EU 2020 target

Hungaryʼs rolling three-month average jobless rate reached 3.4% in March-May, edging down from 3.5% in the previous three-month period, and...

Int'l Relations

10 more firms enter Outstanding Exporter Partnership Program

Another 10 Hungarian companies are joining the Outstanding Exporter Partnership Program sponsored by the Ministry of Foreign Affairs and Trade,...

EU

Consumer prices well below EU averages

Consumer price levels in Hungary were significantly lower than the EU average in 2018, with the country posting the second...

Int'l Relations

Trieste to become Hungary’s ‘sea exit’

The Italian city of Trieste is set to become Hungaryʼs starting point for overseas exports, with Hungary about to create...

EU

Richter, Allergan amend cariprazine license agreement to include Latin America

Hungarian drugmaker Gedeon Richter on Friday said it amended its existing license agreement with Irish peer Allergan for Richterʼs antipsychotic...

Visits

V4 could back Barnier for EC President, Hungary says

European Union Brexit negotiator Michel Barnier will be among the candidates that Central European member states Czech Republic, Hungary, Poland,...

Int'l Relations

Russia Expels Hungarian Diplomats in Retaliatory Move

Russia’s Foreign Ministry announced Thursday that it was expelling Hungarian diplomats in retaliation for Hungary’s recent expulsion of 10 Russian...

EU

EU Grants Hungary 1‑year Exemption from Gas Market Rule

The EC approved Hungary's request for a temporary exemption from an EU gas‑market regulation at the Serbian border, allowing the...

Germany Celebrates Fall of the Iron Curtain as a Joint Achievement

Germany’s new ambassador to Hungary, Alexander Schönfelder, took up his post in August. In his first interview with the BBJ,...

Hungary Signals Interest in Hosting 2036 Olympics

The Int'l Olympic Committee confirmed that Hungary is among seven countries engaged in ongoing dialogue and has formally expressed interest...

Russia Expels Hungarian Diplomats in Retaliatory Move

Russia’s Foreign Ministry announced Thursday that it was expelling Hungarian diplomats in retaliation for Hungary’s recent expulsion of 10 Russian...

Hungary’s EPPO Accession Advances With Budapest Talks

European Chief Prosecutor Laura Codruța Kövesi held talks with Hungarian officials in Budapest on the details of Hungary’s accession to...

EU Grants Hungary 1‑year Exemption from Gas Market Rule

The EC approved Hungary's request for a temporary exemption from an EU gas‑market regulation at the Serbian border, allowing the...

Magyar Invites Pope Leo XIV to Hungary After Vatican Talks

Prime Minister Péter Magyar invited Pope Leo XIV to visit Hungary during a private audience at the Vatican on Sept....

EU Project Pre-Financing Pushes August Budget Deficit to HUF 2.31 tln

Hungary’s cash flow-based general government deficit reached HUF 2.31 tln in August, driven overwhelmingly by pre-financing for projects supported by...

All Hungarian University Students to Regain Erasmus Access by October, Official Says

Hungarian university students will have the opportunity to participate in the Erasmus mobility program by October, with some able to...

ÁKK: Euro Adoption May Cut Hungary’s Debt Costs by 50%

The Government Debt Management Agency (ÁKK) says Hungary could reduce its financing costs after adopting the euro, lowering annual interest...

Hungarian Teen Detained Over Alleged Terrorist Threats After FBI Tip

Hungarian police have detained a 16-year-old boy in Győr on suspicion of making terrorist threats after the FBI alerted authorities...

Russia Pledges Response to Hungary’s Expulsion of 10 Diplomats

Russia will respond to Hungary’s decision to expel 10 Russian diplomats, Foreign Mininstry spokesperson Maria Zakharova said Tuesday, adding that...

Hungary to Formalize Gift of Lipizzaner Horses to King Charles III

Hungary will formally gift two Lipizzaner horses to the UK's King Charles III, resolving an ownership issue after the animals...

40 Hungarian Tourists Safe After Wildfire Evacuation on Croatia’s Brač Island

A group of 40 Hungarian tourists evacuated from Milna on Croatia’s Brač island due to wildfires are safe, Hungary’s Foreign...

Magyar Says No Progress Yet in Hungary-Slovakia Dispute Over Beneš Decrees

PM Péter Magyar said Thursday that no progress had yet been made on disputed issues between Hungary and Slovakia, including...

CJEU Rejects Hungary’s Bid to Halt Russian Asset Revenue Transfers to Ukraine

The CJEU has thrown out an appeal by the previous Hungarian government against an EC decision to send aid to...