Foreign Affairs

EU

Stricter sanctions for capital market violations on horizon

Stricter sanctions for capital market offenses are expected to be adopted in Hungary as a result of a European Union...

Int'l Relations

Hungary, South Korea wind up knowledge exchange program

Hungary and South Korea have brought a three-year program that fostered an exchange of ideas and experiences in the area...

Visits

Editorial: Soros still the same, and still needed

George Soros and Viktor Orbán used to agree on a lot of the problems that plagued communism, including government control...

Visits

Hungary, Russia ‘favorably’ modify long-term gas delivery agreement

Hungaryʼs long-term gas delivery agreement with Russia was modified at the St Petersburg International Economic Forum on Friday, with prices...

EU

Reuters Poll: Analysts see MNB keeping base rate on hold

Analysts polled by Reuters expect the National Bank of Hungaryʼs (MNB) policy makers to keep the central bankʼs base rate...

EU

Lázár: Hungary ready to compensate Austrian farmers

Hungary is ready to settle cases with approximately 200 Austrian farmers over land contracts invalidated in 2014 by law, Hungary’s...

EU

EC refers Hungary to Court of Justice over farmland law

After launching an infringement procedure against Hungary at the end of May, the European Commission has now referred Hungary to...

EU

Eurostat: Hungarians earn less, spend less, pay less

The GDP per capita, average consumption and consumer prices of food and beverages in Hungary are below the European Union...

Visits

Orbán: Western elite causes ‘crisis of legitimacy’

Western democracy is in crisis, and European foreign policy has failed, Hungary’s Prime Minister Viktor Orbán said yesterday at a...

Visits

Metropol publishes last issue

The free daily newspaper Metropol, which used to be handed out at Budapest Metro stations free of charge, canceled its...

EU

Hungary to resume live cattle exports to Turkey

Hungary can again export live cattle to Turkey, after concluding talks with animal health authorities at the World’s Veterinary Association,...

EU

Abortions in Hungary drop 22.9% in five years

The number of abortions fell in Hungary by 22.9% over the last five years, from 2010 to 2015, according to...

Int'l Relations

Varga: Brexit could slow Hungarian GDP growth by 0.4%

The exit of Great Britain from the European Union could slow the speed of Hungarian GDP growth by 0.3-0.4 of...

EU

Lawmakers broaden definition of ‘yield’ for Quaestor investors

Parliament yesterday approved legislation broadening the definition of “yield” applied in compensation for clients of Quaestor and other failed brokerages...

Int'l Relations

EIB opens Hungarian office in Budapest today

The European Investment Bank (EIB) today opened its office in Budapest, with the goals of strengthening interbank relations and widening...

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...