Foreign Affairs

Visits

V4+4 ministers for EU development meet in Budapest

Ministers responsible for European Union development funding from the Visegrád Group - Hungary, the Czech Republic, Poland and Slovakia -...

Visits

Konzum shows interest in Telenor

The IT and telecom sector is one of the main focuses of the acquisition and development strategy of the Konzum...

EU

EC sets Hungary tight deadline for air quality action plan

European Commissioner for the Environment Karmenu Vella gave Hungary and eight other European Union member states a tight deadline to...

Visits

Opus Global expands ad sales opportunities

Rapidly expanding listed holding company Opus Global announced that its online ad seller Printimus has formed a strategic partnership with...

Int'l Relations

MOL acquires more Norwegian exploration licenses

Hungarian oil and gas company MOL has won three more offshore hydrocarbon exploration and production licenses in Norway, raising the...

EU

Forint only slightly undervalued, based on Big Mac index

According to the latest Big Mac Index released by The Economist, a Big Mac sandwich in fast food chain McDonald’s...

Visits

V4 to discuss regional bank plan this month

The prime ministers of the Visegrád Group (the Czech Republic, Hungary, Poland and Slovakia) will decide on the time frame...

EU

Household consumption to fuel lending in CEE region, says UniCredit

Lending will probably slow down in countries with the highest growth rates in the last two years, while accelerating in...

EU

Employment among older working generation below EU average

The rate of employment among Hungarians in the 55–64 age group lags behind the EU average, according to a publication...

EU

Farmgate prices up 7.7% in November

Agricultural producer prices were 7.7% higher in November 2017 year-on-year, which was made up of increases of 8.6% in the...

Int'l Relations

GS Yuasa to invest HUF 8.8 bln in EV battery plant

Japanʼs GS Yuasa Corporation is investing HUF 8.8 billion in an electric vehicle battery plant in Miskolc (NE Hungary), Minister...

Visits

Orbán: if EU doesnʼt pay, Hungary will turn to China

Central Europe still has substantial handicaps to overcome due to a development gap in infrastructure and it would turn to...

EU

Hungary would raise EU budget contribution after Brexit

Hungary is prepared to increase its contribution to the European Union to 1.2% of gross national income (GNI) to help...

EU

Eurostat: 92% of Hungarian firms have online marketplace

About 92% of Hungarian businesses sell their products or services on their own website or mobile application, according to data...

Visits

Orbán hosts ‘surprise’ visit by Irish counterpart

Prime Minister Viktor Orbán welcomed Irish Taoiseach Leo Varadkar in Budapest yesterday. The Irish Times and other sources report that...

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...