Foreign Affairs

EU

OTP board members sell some HUF 755 mln in shares

Hungarian OTP Bank said today that yesterday’s sale of shares by board members in transactions were worth some HUF 755...

Int'l Relations

Eximbank sets up €45 mln line of credit for Hungary-Serbia trade

Hungaryʼs Eximbank is establishing a EUR 45 mln credit line to support cooperation between Hungarian and Serbian business partners, Minister...

EU

MNB external rate-setter, and director of MARK, to resign

Csaba Kandrács will resign as a member of the National Bank of Hungaryʼs (MNB) rate-setting Monetary Council, effective July 6,...

EU

Hungarian economic migrants send more cash home

While a typical migrant sends home $1,700 a year, the average Hungarian living abroad transfers $5,500 each year back to...

EU

EC paves way for abolishing roaming charges

Almost two years after the European Commission put forward its proposal for a telecoms single market, the European Parliament and...

EU

Varga: Greek debt issue has minor effect on Hungary

As Hungary’s trade connections with Greece are moderate, precisely 0.4% of export, the country’s debt crisis will have a minor...

Int'l Relations

The French initiative on Palestine: Posturing, or trying to break the deadlock?

The following opinion piece was written by Joseph Bahout. He is a visiting scholar in the Carnegie Endowment for International...

EU

EU makes immigrant numbers voluntary, gives Hungary a pass

European Union leaders this morning scrapped national immigrant quota requirements but agreed that the 40,000 refugees already present in the...

World

MNB notes negative impact of Russia-Ukraine conflict on Hungarian trade

The National Bank of Hungary (MNB) noted in a report today, the negative impact on the Hungarian economy following a...

EU

Forint falls on US GDP

The forint was trading at 311.02 to the euro late Wednesday on the interbank forex market, down from 309.72 late...

Int'l Relations

Szijjártó: Hungary would consider fences on every border

Foreign Minister Péter Szijjártó proposed today that, if necessary, the government will build fences along every one of the countryʼs...

Visits

Official: Hungary not suspending EU asylum rule

Despite earlier news reports, Hungary did not unilaterally suspend the EU regulation on asylum seekers, but instead asked other EU...

EU

KSH: Hungarian population undergoes natural decrease

In the first four months of 2015, 29,184 children were born, marking a 3% increase from the previous year, however,...

EU

EC reacts to report that Hungary will halt asylum process

Hungary’s unilateral refusal to process asylum seekers, which was announced late yesterday, may go against EU laws and could have...

Visits

Szijjártó: Hungary always accepted political refugees

Hungary has always accepted foreign political refugees, but we have to differentiate between them and economic migrants, Foreign Minister Péter...

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...