Foreign Affairs

EU

OECD lowers GDP forecast for Hungary to 1.6%

The GDP growth forecast for Hungary was lowered by OECD today to 1.6% in volume terms from the previous forecast...

Int'l Relations

Hungary, Turkmenistan work on broadening ties

In the past two years efforts have been made to broaden ties between Hungary and Turkmenistan from culture to commerce,...

Visits

Hungary, Egypt to sign financing agreement on €900 mln train order

Hungary is expected to sign an agreement with Egypt, which will contain a financing offer for a €900 million train...

Int'l Relations

Hungary supports granting China market economy status

The Hungarian government decided during a cabinet meeting yesterday that it would support efforts to grant China market economy status,...

Int'l Relations

Áder: Early ratification of climate deal ensures Hungaryʼs seat in negotiations

Hungaryʼs early ratification of the Paris Agreement on global action to avoid dangerous climate change ensures the country a place...

Visits

OTP weighs Tesco purchase, scraps venture on business grounds

Hungarian-owned commercial lender OTP Bank admitted that it was considering the acquisition of the European portfolio of U.K.-based retail chain...

EU

EC launches infringement procedure over farmland law

The European Commission launched an infringement procedure against Hungary – along with Bulgaria, Latvia, Lithuania and Slovakia – formerly requesting...

Int'l Relations

Szijjártó: Europeʼs competitiveness depends on Russia

Developing Europeʼs competitiveness is “hard to imagine” without pragmatically restructuring cooperation between the European Union and Russia, a collaboration that...

Int'l Relations

Áder, Cameron discuss climate change in London

Hungary’s President János Áder and U.K.’s Prime Minister David Cameron yesterday discussed environmental protection issues during their meeting in London,...

Visits

Russian foreign minister: Hungary ‘important, reliable partner’

Hungary is an important and reliable partner for Russia, and bilateral relations offer serious potential, Russian Foreign Minister Sergey Lavrov...

EU

MNB cuts base lending rate to 0.9%, calls end to easing

The Monetary Policy Council of the National Bank of Hungary (MNB) today announced a 15 bps cut in the base...

Visits

Szijjártó to discuss economic ties with Lavrov

Questions of economic cooperation between Russia and Hungary will be high on the agenda of talks with Russian Foreign Minister...

Int'l Relations

Hungary, Kazakhstan establish $40 mln farm investment fund

Hungarian Eximbank, Kazakhstanʼs KazAgro National Management Holding and ADM Capital yesterday signed an agreement to establish a $40 million agriculture...

Visits

Orbán: Brussels will back down from migrant quota

Hungary’s referendum on the migrant quota will allow the Hungarian people to decide what kind of European Union they want,...

EU

EC: Hungary should cut taxes or it will miss deficit target

The European Commission yesterday urged Hungary to make fiscal adjustments worth 0.3% of GDP in 2016 and 0.6% in 2017...

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...