Foreign Affairs

EU

EU issues partial ban on Pakistan International Air

The European Union issued a partial ban on Pakistan International Airlines Corp., allowing the carrier to fly into the 27-nation...

EU

Hungary’s inflation rate to peak at 8.5%

Hungary's inflation rate, already the European Union's highest, will probably peak at 8.5% in the Q2 before falling in the...

World

Temasek to double Russia fund to $300 mln, Troika says

Temasek Holdings Pte., the Singapore government's investment company, is doubling its fund investing in Russian companies to $300 mln by...

World

Ukraine revises 2006 economic growth to 7.1% on output

Ukrainian economic growth accelerated to 7.1% in 2006 from 2.7% a year ago, helped by surging industrial output, the statistics...

EU

EU to force power companies to give more market data

European Union regulators plan to force electricity companies to disclose more market information in a fresh bid to help new...

World

Russia calls on Israel to sign nuclear non-proliferation treaty

Russia urged Israel to sign the nuclear non-proliferation treaty, a move that would mean the Israeli government admitting it possesses...

EU

Europe, US make „decisive progress” in airline talks

European Union regulators plan to ask EU governments to deregulate the €13.6 billion ($18 billion) trans-Atlantic airline market, saying talks...

EU

Poland’s economy grew 6.4% in Q4 on EU funding

Poland's economy accelerated for a seventh consecutive quarter in the last three months of 2006 as record-low borrowing costs and...

EU

EU starts in-depth investigation of Sony BMG venture

European Union regulators started an in-depth investigation into the merger between the music units of Sony Corp. and Bertelsmann AG,...

EU

EU constitution: strong support for the „Treaty +” solution

The essence of the EU's draft constitutional treaty should be preserved when EU governments seek to agree a new text,...

EU

Bulgaria plans high growth, low inflation, unemployment by 2009

Bulgaria, the European Union's poorest member, pledged economic growth of at least 6% a year in a three-year program that...

EU

Have eurozone monetary and fiscal policies helped or hindered growth and jobs?

The right balance between the goals of economic growth, reducing unemployment, keeping down inflation and budgetary discipline was at the...

EU

EU threatens Microsoft with further antitrust fines – extended

European Union regulators threatened to fine Microsoft Corp. millions of euros for charging „unreasonable” fees for certain patent licenses on...

EU

Europe inflation remained below ECB limit in February

European inflation stayed below the European Central Bank's 2% limit for a sixth month in February, helped by declining oil...

World

Diversify sources, and don’t expect positive changes in Russia, say energy experts

Europe is likely to be increasingly dependent on gas and oil imports, whose security it is less and less able...

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...