Foreign Affairs

World

German power for 2008 rises as carbon permits, fuel prices gain

German electricity prices for 2008 rose for the third day in four as rising costs of carbon-emission allowances and fossil...

EU

EU may lower steel tariff on Russia’s Novolipetsk after VIZ buy

The European Union may lower a tariff on Russia's OAO Novolipetsk Steel after the company acquired VÍZ Stal, which faces...

EU

EU to cut sugar production by at least 2 mln tons – extended

The European Union, the world's second-biggest sugar exporter, cut the amount of the sweetener that can be produced in the...

EU

Germany, France get best seat-belt marks in EU; Hungary worst

German and French car drivers buckle up the most in the European Union while their Hungarian counterparts do so the...

EU

Nordea sees little risk of „imminent” Bulgarian lev devaluation

Bulgaria faces little risk that it will have to devalue the lev because ample foreign exchange reserves and investment help...

World

Poland, Kazakhstan seek to revive Odessa-Brody oil pipeline

Poland and Kazakhstan set up a committee to find ways to ship Caspian oil to western Europe via a pipeline...

World

Kazakhstan plans to produce a third of world’s uranium in 2010 – extended

Kazakhstan, the world's third-biggest uranium miner, plans to surpass Canada and Australia to become the biggest producer in 2010, a...

EU

EU prolongs tariffs on plastic-bottle chemical from Asia

The European Union prolonged tariffs for five years on imports from Asia of a chemical used by plastic-bottle mold makers...

World

Mobile TeleSystems to invest $700 mln in Ukraine this year

OAO Mobile TeleSystems will invest as much as $700 mln in its Ukrainian unit this year to develop new services...

EU

EU frees more radio spectrum to spur growth of wireless devices

European Union regulators opened up more radio spectrum in a bid to spur development of wireless consumer electronics such as...

Int'l Relations

US lawmaker calls for end to Soviet-era trade restrictions

US Congressman Tom Lantos called for an end to Soviet-era trade restrictions against Russia, describing them as a „Cold War...

World

Investigation into Baltic gas pipeline „could take some time”

Investigating the potential environmental harm that could be caused by a natural-gas pipeline under the Baltic Sea may be a...

EU

European environment ministers seek 20% EU emission cut by 2020 – extended

European Union environment ministers proposed a target for the EU to reduce greenhouse gases after 2012, seeking to make it...

EU

EU refuses to force Hungary to lift ban on gene-modified corn – extended

European Union governments refused to force Hungary to end a ban on a genetically modified corn variety made by Monsanto...

EU

EU to warn Italy to curb debt, make pension changes

The European Union will warn Italian Prime Minister Romano Prodi's government that it must implement pension changes in a „rigorous”...

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...