Foreign Affairs

World

Russia can survive $18 oil for three years, Putin Aide says

Russia, the world's largest oil producer after Saudi Arabia, has enough money to survive any external shock, including a prolonged...

EU

EU to warn Hungary to cut spending, overhaul health, pensions

The European Union will warn Hungary to cut budget spending further and overhaul its health-care, pension and education systems to...

EU

German producer-price inflation rate fell on oil

German producer-price inflation, an early indicator of price pressures in an economy, decelerated to the slowest pace in two years...

EU

Hungarian average wages rose faster than expected in December

Hungary's monthly average gross wages rose faster in December than economists had expected, which may put pressure on the central...

World

Russia cuts 2007 growth forecast on lower oil prices

Russia, the world's largest oil producer after Saudi Arabia, cut its forecast for economic growth this year after lowering its...

EU

EU Nations reject call to set common goal for cutting red tape

European Union governments refused to set a target for cutting national red tape, undermining the EU's campaign to ease the...

World

Ruble may gain as Putin uses oil, gas to lift exports

The ruble rally shows no sign of abating as President Vladimir Putin continues to exploit Europe's dependence on Russian energy...

World

Russian billionaire Usmanov in talks to buy Ukraine steelmaker

Russian billionaire Alisher Usmanov is in talks to buy a Ukrainian steelmaker to form the biggest vertically integrated metals holding...

World

Study sees harmful hunt for extra oil

All the world’s extra oil supply is likely to come from expensive and environmentally damaging unconventional sources within 15 years,...

EU

Hungarian policy makers voted 9-4 to hold main rate

Hungarian policy makers voted 9-4 to keep interest rates unchanged last month, as the rate-setting Monetary Council remains divided over...

EU

EU raises Polish 2007 growth forecast on „strong” investments – extended

The European Commission today raised growth forecasts for Poland this year, citing „strong” investments particularly in the construction sector....

World

Belarus discussing using Baltic ports to diversify oil imports

Belarus will consider an offer by neighboring Lithuania to use ports on the Baltic Sea to import oil, as both...

World

Gref warns against Gazprom industrial grab in Russia

Russian Economy Minister German Gref warned the government to curb gas-export monopoly OAO Gazprom's expansion into other industries, saying it...

World

Gazprom funds Russia’s nuclear industry, expands uranium role

OAO Gazprom, Russia's natural-gas export monopoly, loaned Russia's nuclear industry $1.1 bln last year and plans to further expand in...

EU

Poland pledges to defend ban on genetically modified crops

Poland's government will defend its ban on genetically modified foods against any European Union demands to allow the planting 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...