Foreign Affairs

EU

IMF warns Bulgaria about expanding current-account deficit

The International Monetary Fund warned Bulgaria its widening current-account deficit is increasing the country's exposure to external risks and urged...

EU

Slovakia, EU raise koruna’s central rate after appreciation

Slovakia gained approval from the European Union to allow the koruna to strengthen beyond the rate the country agreed as...

World

Russia halts Iran nuclear plant until payments resume

Russia will halt work on Iran's first nuclear reactor until the Islamic Republic resumes payments, the head of the Atomic...

World

Croatia to sign pipeline deal at next month’s energy conference

An agreement on an oil pipeline connecting the Balkans and western Europe will be signed next month at a conference...

World

Russia to boost uranium reserves, atomic energy as demand soars

Russia, the world's biggest oil and natural gas producer, will boost atomic power output and increase uranium reserves by a...

EU

Baltic states risk economic slowdown as growth, credit swell

The Baltic states of Lithuania, Latvia and Estonia must quickly stem inflation and squeeze surging credit growth or risk an...

EU

Croatia will finish EU entry talks next year

Croatian Prime Minister Ivo Sanader said the Balkan nation will complete entry negotiations with the European Union next year....

World

Ukraine expects to triple investment in oil and gas next year

Ukraine expects to invest €1 billion ($1.32 billion) in its oil and natural-gas industry this year and to triple that...

EU

Higher alcohol prices wouldn’t stop booze binge

Higher alcohol prices wouldn't lead Europeans, a tenth of whom are regular “binge drinkers,” to drink less, according to a...

EU

EIB to sell bonds in Romanian lei in April

The European Investment Bank, the lending arm of the European Union, will sell bonds in Romanian lei for the first...

EU

EU plans to set minimum price for Chinese frozen strawberries

The European Union plans to replace tariffs on frozen strawberries from China with a minimum price, saying consumers will be...

EU

Croatia’s February inflation is lowest in 53 months

Croatia's February inflation rate fell in February to its lowest in 53 months on declining prices for food and fuel,...

EU

EU Aviation Safety Agency may gain power to fine manufacturers

European Union regulators would gain the power to fine aircraft makers and equipment suppliers for breaching safety rules under a...

EU

European Parliament reprimands Polish member for anti-semitism – extended

The European Parliament reprimanded a Polish member for making anti-Semitic comments in a paper bearing the assembly's logo, the first-ever...

EU

EU pledges to boost consumers rights, avoid US-style lawsuits

European Union regulators pledged to boost consumers’ right to seek compensation for faulty products and failed deliveries, stopping short of...

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...