Foreign Affairs

World

Putin says OPEC-style gas group is „good proposition”

Russian President Vladimir Putin said a proposal that natural gas producers should co-ordinate supplies to stabilize prices is „a good...

EU

Eastern European inflation probably accelerated in January – extended

Inflation in Eastern Europe's biggest economies probably accelerated in January, increasing speculation that central banks will raise interest rates, surveys...

EU

EU to spend €755 mln on movie subsidies through 2013

The European Union said it will spend €755 mmn ($979 mln) over the next seven years to subsidize European movies,...

World

EU Energy Chief says bloc needs „solidarity” to counter crises

The European Union must be more united to ensure stable energy supplies throughout the bloc in the face of unreliable...

EU

Latvian inflation is eroding competitiveness, economist says

Latvia's economy, the European Union's fastest growing, is losing competitiveness as higher wages and inflation hurts exporters including wood, drug...

EU

EU seeks to ease trade by loosening product safety regulations

European Union regulators are seeking to make it easier for companies to sell goods throughout the 27-nation area by loosening...

World

Romanian 2006 energy imports rise 3.1% as production declines

Energy production declined in Romania last year, forcing the country to import more natural gas to fuel a growing economy,...

EU

EU sets sanctions on Iran’s atomic program, stays open to talks

The European Union began enforcing United Nations sanctions on Iran's nuclear program while promising to consider a new offer by...

World

Lukoil to invest $2 bln to develop Saudi Arabian field

OAO Lukoil, Russia's largest oil producer, plans to invest about $2 bln to develop a Saudi Arabian field, after the...

EU

Romanian inflation slows to 17-year low in January

Romania's annual inflation rate fell to the lowest in 17 years in January, the month the nation joined the European...

World

Kudrin says Russia may diversify assets in oil fund by July

Russia will consider increasing the number of currencies held in its oil fund by July, Finance Minister Alexey Kudrin said...

EU

ECB’s Draghi says inflationary risks could rise

European Central Bank council member Mario Draghi said inflation risks in the euro region could rise in coming months, suggesting...

EU

EU’s Barroso urges Poland to continue spending cuts, reforms

European Commission President Jose Barroso urged the Polish government to open up the country's markets and continue to cut spending....

EU

EU proposes fines, jail sentences for illegal waste shipments – extended

European Union regulators proposed fines and prison sentences for the illegal shipment of waste, reviving a push for EU-wide criminal...

EU

Slovenian January inflation slows after euro adoption

Slovenia's annual inflation rate fell in January, led by lower prices for goods....

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...