Foreign Affairs

World

Editorial: Turning a blind eye to Russia and our back to the EU

The following editorial originally appeared in the October 3-16 print edition of the Budapest Business Journal....

Int'l Relations

HUF 220 mln spa development completed

The city of Túrkeve (located in eastern Hungary) finished a HUF 220 mln development at its local baths, city mayor...

Visits

State to acquire local council Főgáz stake

The Hungarian state is set to acquire a stake in gas distributor Főgáz, currently owned by the Budapest local council,...

Visits

PM: Hungary needs Christian democracy

Hungary's Prime Minister Viktor Orbán expressed the country's need for a governance of Christian democracy in a speech given Saturday...

EU

EC: Railway safety still not EU compatible

In February 2014 the European Commission launched infringement proceedings against Hungary for not complying with EU railway safety requirements. Proceedings...

Int'l Relations

Mercedes to increase production in Hungary

Mercedes will continue to increase production in Hungary and is satisfied with the country’s market opportunities, Daimler’s deputy chairman for...

Int'l Relations

Hungarian trading house opens in Armenia

A Hungarian trading house has been opened in Yerevan, the capital of Armenia, the state-owned Hungarian National Trading House Company...

Int'l Relations

Reading the China–India tea leaves

Chinese President Xi Jinping’s visit to India followed quickly on the heels of Indian Prime Minister Narendra Modi’s successful four-day...

Int'l Relations

Gov’t confident EC will approve plans for funding

Following talks in Brussels, the government will hand over Hungary's operative programmes to the European Commission by the end of...

EU

MNB holds base rate at 2.1%

Keeping true to its pledge to hold the interest rate at 2.1% through the end of 2014, the Monetary Pollicy...

Int'l Relations

PM nominates Szijjártó for foreign minister

Hungarian Prime Minister Viktor Orbán today nominated Péter Szijjártó, incumbent state secretary, for the post of minister of foreign affairs...

EU

Navracsics officially quits foreign ministry

Hungary’s foreign minister Tibor Navracsics has officially resigned from his post. He will pursue his career in Brussels, where he...

Int'l Relations

Three Hungarian firms win EU’s new SME grant

Three Hungarian businesses, ASK-M, BIOMORV and BIOPOLUS, were among the small and medium-sized enterprises (SMEs) from 21 countries that won...

EU

Russian sanctions cost Hungary’s farmers €80 mln so far

The Russian embargo on food imports from the European Union has cost Hungary’s farm sector €80 mln so far, Rural...

Visits

Csányi: PM treats banks like ‘Batman’

OTP has problems in three countries: in Ukraine, because of the war, in Russia because of sanctions and in Hungary...

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...