Foreign Affairs

EU

Varga: Hungary could adopt euro by decade’s end

Hungary could adopt the euro as its currency around the end of the decade, though only if economic trends continue...

Int'l Relations

Szijjártó says Hungary condemns Turkey coup attempt

Hungary firmly condemns the attempted coup d’état in Turkey, Minister of Foreign Affairs and Trade Péter Szijjártó said Saturday, according...

Int'l Relations

Szijjártó holds talks with counterparts at ASEM summit

Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó met with several other foreign ministers at the Asia-Europe Meeting (ASEM)...

Int'l Relations

Hungary, UAE discuss economic cooperation

Officials of the United Arab Emirates and Hungary have discussed possible areas for economic cooperation between the two countries, during...

EU

Varga: U.K. companies committed to Hungary

Despite the referendum on Brexit and its possible implications, approximately 3,000 British companies remain active in Hungary and wish to...

Int'l Relations

KPMG: Hungary does a great job of using EU funding

In the 2007-2015 financial cycle, Hungary’s performance in terms of calling down European Union funds stands out in the CEE...

Int'l Relations

HIPA assists €1.33 bln worth of investment in H1

In the first half of the year the Hungarian Investment Promotion Agency (HIPA) was involved in the launch of 38...

EU

Lázár: The EU needs to be fixed

The U.K.ʼs June 23 Brexit vote is the fault of Brussels, and is an indication that there are serious problems...

Visits

Hungarian government eyes establishing two cabinets

The Hungarian government is planning to divide in to two distinct cabinets – one responsible for the country’s economy and...

EU

Brexit expected to hurt here

Analysts say a ‘leave’ vote in the U.K. may slow growth here by 0.8%....

Int'l Relations

Hungarian, Kyrgyz foreign ministers discuss future partnerships

Hungary’s Minister of Foreign Affairs and Trade, Péter Szijjártó, met with his counterpart from Kyrgyzstan, Erlan Abdyldaev, in Budapest yesterday,...

Int'l Relations

Szijjártó: Hungary offering relocation incentives to Indian firms in U.K.

The Hungarian government will incentivize Indian companies to relocate from the United Kingdom to Hungary following the Brexit referendum, Hungarian...

EU

Rate-setter to replace retiring government commissioner for postal, financial services

National Bank of Hungary (MNB) rate-setter Andrea Bártfai-Máger was appointed to replace Zsuzsa Németh as government commissioner for postal affairs...

EU

CEPOL given greater role in EU law enforcement training

As it evolves to help meet new threats to safety in the European Union, CEPOL, the first EU institution to...

Visits

Lázár blasts ‘brand of democracy practiced in Brussels’

The European Union’s current policies lead to the Brexit and the crisis in the union, and the “the brand of...

Int'l Relations

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,...

Int'l Relations

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...

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

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

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...

Int'l Relations

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

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...

Int'l Relations

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...

EU

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...

World

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...

Int'l Relations

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...

Int'l Relations

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...

Int'l Relations

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...

Int'l Relations

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...