Foreign Affairs

World

Russian sector of Caspian Sea needs $100 bln investment

A Russian first deputy prime minister said Friday developing the Russian sector of the Caspian shelf, which holds huge oil...

EU

Gazprom prepares the next gas price hikes for neighbors

While the current price of gas supplied to Lithuania is $190-$200, next year Gazprom is set to ask the partners...

EU

Sarkozy sees key role for Europe

Nicolas Sarkozy has called for a strong Europe to rebuild a more harmonious world order, in his first foreign policy...

EU

EU plans to grant exceptions in ownership unbundling of energy grids

The EU plans to grant temporary exceptions for new infrastructure projects as part of its plans to unbundle utilities’ ownership...

World

Ukraine to borrow $2-3 bln internationally over 5 years

Ukraine plans over the next five years to borrow $2.5 billion - $3 billion from international financial institutions annually, the...

World

Kirkilas defends nuclear stance, criticizes Russia

In a speech to delegates at the European Union 2020: “Enlarging and Integrating” conference held in Bled, Slovenia Aug 27,...

EU

Overheating sees house price downturn in Europe

House prices on the overheated fringes of Europe have begun to turn down sharply, replicating the early phase of the...

World

EU commissioner rules out shortage of crude oil supply in next 5 years

There will be no shortage of crude oil supply in the next five years worldwide although the international oil prices...

World

South Africa goes nuclear as new energy strategy mulled

Environmental and anti-nuclear protests are falling on deaf ears in South Africa where the government of this emerging economy has...

EU

Hungary’s economic growth set to pick up, currency losses increase inflation risk

Hungary’s inflation outlook is worsening as the country’s currency weakens, the result of investors moving toward less risky assets, central...

EU

Another outbreak of swine fever found on farm in western Romania

A second outbreak of swine fever has been detected on a farm in western Romania owned by a US pork...

Int'l Relations

Gyurcsány, Merkel share views on Kosovo future status – extended

Kosovo’s future was high on the agenda of a meeting between Hungary’s Prime Minister Ferenc Gyurcsány and visiting German Chancellor...

EU

EU says: outcry against Chinese goods isn’t political

China's claim that measures designed to bar its goods from the European Union are politically motivated is „totally false,” EU...

Int'l Relations

Chinese Pipeline to Cross Kazakhstan

Chinese President Hu Jintao ended his official visit to Kazakhstan yesterday. Hu and Kazakh President Noursultan Nazarbaev signed a package...

EU

Slovenia’s annual inflation highest in Eurozone

Slovenia’s inflation rate on the annual level was 4%, the highest rate among the euro area countries, while the eurozone...

Int'l Relations

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...

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...