Foreign Affairs

World

Bulgaria’s Household Income, Spending Rise 20% in 2023

The average household income per capita in Bulgaria grew by 20.4% year-on-year in 2023, while the average expenditure per household...

EU

Hungary to Address Future of Cohesion Policy During EU Presidency

The debate over the future of the European Union's cohesion policy will be one of the most important topics addressed...

Int'l Relations

Hungary Condemns Iranian Attack on Israel

Hungary condemns the Iranian drone and missile attack on Israel, Prime Minister Viktor Orbán said in a video message late...

Ukraine Crisis

NATO to Assume Some Control of Ukraine Group Coordination

“The terrifying risk of a Third World War is approaching,” Minister of Foreign Affairs and Trade Péter Szijjártó told Russian...

Int'l Relations

Hungary in Talks on Attracting More Chinese Investments – Szijjártó

Hungary is in talks on bringing more big Chinese investments to the country, Minister of Foreign Affairs and Trade Péter...

World

Romania Q4 GDP Growth Confirmed

Romania's gross domestic product (GDP) annual growth stood at 3% in the fourth quarter of 2023, unrevised from the second...

World

Poland Interest Rate Kept Steady Despite Waning Inflation

The National Bank of Poland kept its benchmark reference rate steady for the sixth meeting at 5.75% in April, as...

Int'l Relations

Hungary, Ukraine Could Sign Border Traffic Deal on Monday

An agreement on border traffic between Hungary and Ukraine could be signed on Monday, Minister of Foreign Affairs and Trade...

EU

Eurozone Inflation Slows to 2.4% in March

Eurozone inflation softened in March, flash estimate from Eurostat showed on Wednesday....

Int'l Relations

Hungary ‘Bridge for Economic Cooperation’ Between Europe, China – Varga

Finance Minister Mihály Varga said Hungary had become a "bridge for economic cooperation" between Europe and China after a meeting...

EU

EU-funded SME Tech Development Program Launches in April

The HUF 155.5 bln SME Technology Plus Loan Program funded by the European Union will be available from the end...

Ukraine Crisis

U.S., Hungary Exchange Barbs Over ‘Difficult’ Relationship

Prime Minister Viktor Orbán met with former U.S. President Donald Trump in Florida on March 8. Afterward, Orbán told TV...

World

Moldovan Pensions to be Increased as of April 1

The average pension in Moldova will increase by MDL 262 (EUR 13.66) starting from April 1, state news agency Moldpres...

EU

EC Approves EUR 400 mln EU Funding for Romanian SMEs

The European Commission approved an EU funding of EUR 400 million for small and medium-sized enterprises (SMEs) in Romania as...

EU

European Peace Facility Top-up Cleared With Hungary’s ‘Constructive Abstention’

A EUR 5 bln expansion of the European Peace Facility has been approved with Hungary's "constructive abstention", Minister of Foreign...

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

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

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...

Int'l Relations

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

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...

Int'l Relations

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...

EU

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...

World

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...

Int'l Relations

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...

Int'l Relations

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...

Int'l Relations

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...

Int'l Relations

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...

EU

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...

EU

EU Customs Changes Reshape Hungarian Online Shopping, PwC Finds

Hungarian online shoppers are planning purchases more carefully rather than abandoning international platforms following July’s customs changes, according to PwC...