Foreign Affairs

EU

Looser monetary policy will have little effect on growth, MNB governor says

Looser monetary policy can hardly improve the outlook for growth in Hungary, National Bank of Hungary governor András Simor said...

Visits

Orbán: Hungary will make credit deal with IMF/EU

Prime Minister Viktor Orbán on Friday said Hungary will make a credit deal with the International Monetary Fund and the...

Visits

Orbán sees IMF agreement, without compromise on job plan, in autumn

Prime Minister Viktor Orbán on Wednesday said he expects to reach an agreement on financial assistance from the International Monetary...

Visits

Orbán holds talks with E.ON Chairman-CEO

Hungarian Prime Minister Viktor Orbán held consultations with German utilities company E.ON Chairman-CEO Johannes Teyssen on the eventual sale of...

EU

Monetary Council voted 5:2 to keep rates on hold at July meeting

The Monetary Council of the National Bank of Hungary voted 5:2 to keep the central bank base rate on hold...

Int'l Relations

Hungary could set up trading houses in autumn

Hungary could establish trading houses in Azerbaijan, China, Russia and Saudi Arabia in the autumn, state secretary for foreign affairs...

Visits

Hungary could reach agreement with IMF/EU by end of autumn

Hungary could reach a credit agreement with the International Monetary Fund and the European Union at the end of autumn,...

World

Wildhorse Energy signs cooperation agreement with gov’t on UCG regulatory development

Australia's Wildhorse Energy on Wednesday said it signed a cooperation agreement with the Hungarian government to formalize the legislative and...

EU

Hungary farm gate prices rise 1.8% in May

Farm gate prices in Hungary rose 1.8% year-on-year in May after falling for three months in a row, data published...

Visits

Orbán to hold consultations ahead of IMF talks

Prime Minister Viktor Orbán is starting a series of consultations with political and economic allies of the ruling Fidesz party...

Visits

KEPCO eyes Paks expansion

Korea Electric Power Corporation (KEPCO), owned by the state of South Korea, is among the possible bidders in an international...

Visits

Dispute with EU rooted in changed philosophy, says Orbán

Disputed issues between Hungary and the European Union have mostly arisen from Hungary's changing not only its government but its...

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...