Foreign Affairs

Visits

Varga chairs first Economic Cabinet meeting

The Hungarian government’s newly formed Economic Cabinet, in charge of making decisions related to economic policy, held its first meeting...

Visits

Foreign Minister Szijjártó praises U.S., U.K. ambassadors

Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó said Hungary has excellent relations with the U.K. and U.S. ambassadors...

Visits

Politicians hide assets behind families, says report

The current system enables Hungarian politicians to hide their wealth under the names of family members and relatives, according to...

Visits

Editorial: Strange times? Weʼve been here before

The following is the editorial from the July 29 biweekly edition of the Budapest Business Journal....

EU

KSH: Hungary’s PPI drops 2.6% on average in June

Hungaryʼs industrial producer prices were down by 2.6% in June as compared to the same month last year, due to...

Int'l Relations

Hungary, Azerbaijan MPs pledge to develop stronger relations between the countries

Hungary attaches great importance to developing relations with Azerbaijan, MP and Head of the Hungarian-Azerbaijani Inter-parliamentary Friendship Group Márton Gyöngyösi...

Int'l Relations

Hungary Eximbank opens HUF 500 mln credit line for cooperation between Hungarian, Austrian companies

Hungaryʼs Eximbank has opened a HUF 500 million credit line to support cooperation between Hungarian and Austrian companies, Prime Minister...

Visits

Orbán: Trump’s migration policies good for Europe, Hungary

While insisting that the U.S. elections are the “business of the Americans” and has no intention of seeking to influence...

Visits

Orbán bashes Europe’s political elite

Calling for fundamental change and identifying "elites" as the problem, Hungarian Prime Minister Viktor Orbán spoke about the immigration crisis,...

Visits

Hungarian PM Orbán endorses Trump

Hungary’s Prime Minister Viktor Orbán said today that it would be “best for Europe and Hungary” if Donald Trump wins...

Int'l Relations

Minister: IS needs to be defeated

Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó sees the only way of retaining the security of Europe is...

Visits

Orbán says Europe lost its global position

The European Union is losing its global leading position with the United Kingdom’s pending exit from the bloc, Hungary’s Prime...

EU

EC stands by equal pay proposal, Hungary opposes

The European Commission confirmed its position on an earlier announced proposal whereby employers in the European Union would be required...

EU

Ministry distils national pálinka strategy

Hungary’s Ministry of Agriculture is beginning preparations for establishing a national strategy for the production of pálinka, the traditional Hungarian...

EU

EU commissioner requests delay in internet VAT reduction

EU Commissioner for Economic and Financial Affairs Pierre Moscovici asked the Hungarian government to postpone a reduction of VAT on...

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...