Foreign Affairs

EU

EU closer to banking union; Hungary on the fence

From the Budapest Business Journal print edition: The European Union made significant progress in December toward establishing a bona fide...

Visits

Government plan to buy Dunaferr back in play

Hungary’s government has not scrapped a plan to buy troubled steelmaker ISD Dunaferr, Hungarian Energy Regulatory Authority (MEKH) president Lajos...

Visits

Orbán: Hungary needs Paks nuclear plant, more utility cuts coming

“Without the Paks nuclear power plant, the Hungarian economy cannot be competitive,” stated Prime Minister Viktor Orbán on Kossuth Rádió’s...

Visits

Paks agreement headed to Parliament for approval

The government will submit a bilateral agreement between Hungary and Russia on the upgrade of the Paks nuclear power plant...

Visits

Paks negotiations continue; left wing incensed; no stand taken by Brussels

Though Russian and Hungarian parties have agreed in principle to a $16 billion contract which will see state-owned Rosatom construct...

Visits

It’s official: Rosatom backs plans to double Paks capacity

Hungary's sole nuclear power plant in Paks will be expanded by Russia's state-owned Rosatom, while the financing will also come...

Visits

Varga: Cheapest credit line for Paks necessary

Hungary is negotiating with Russia to get the cheapest credit to finance an expansion of the Paks nuclear power plant,...

Int'l Relations

Azerbaijan-Hungary commission meeting set

From Azerbaijan, Hungarian ambassador Zsolt Csutora announced this week that the fourth meeting of the Azerbaijani-Hungarian Intergovernmental Commission on Economic...

Visits

Milbradt says Hungary’s solution to crisis problems “remarkable”

Hungary has “climbed out” of the “rut” of the economic crisis in a remarkable way, Georg Milbradt, a former minister-president...

Visits

BBJ’s Top 10 stories of 2013

Like any website, BBJ.hu wouldn’t exist without its readers. As we close the book on 2013, we take one look...

Visits

Szijjártó logs 250,000 kilometers of travel in 18 months

Foreign Trade State Secretary Péter Szijjártó has travelled to 28 countries on 34 trips since his appointment in June of...

EU

European Transparency Register: A lot less dirty play ahead?

From the Budapest Business Journal print edition: In order to enhance the transparency of European institutions, a special register for...

Visits

MVM signs contract on purchase of Főgáz stake

The state-owned Hungarian energy group MVM and RWE Gas International have signed the sale and purchase agreement for MVM to...

EU

84% of German-Hungarian chamber members plan investments

About 84% of the members of the German-Hungarian Chamber of Industry and Commerce (DUIHK) plan new investments in 2014-2020, according...

Int'l Relations

Orbán visits Turkey, seeks to jump trade 130%+

Prime Minister Viktor Orbán leads a delegation visiting Turkey this week, with some 120 business leaders from the construction, agriculture,...

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...