Foreign Affairs

EU

Hungarian central bank must stick to targets, policy maker says

Hungary's central bank needs to stick to its inflation targets to keep from encouraging companies to raise prices and wages...

World

German plan to close coal mines

Germany has agreed a deal to phase out the heavily-subsidized coal mining industry in the country....

World

Ukrainian OTP unit may issue Eurobonds this year for expansion

OTP Bank, the Ukrainian unit of Hungary's largest lender, may issue Eurobonds for the first time this year to raise...

EU

German carmakers say EU C02-emission rule to cause „disruption” – extended

A European Union plan to set legal carbon-dioxide emissions limits could cause „extensive economic disruption” to the region's car industry,...

World

Hungarian nuclear power plant completes generation block repair

Paksi Atomerőmű Zrt, which operates Hungary's only nuclear power plant, completed repair work on one of its four generation blocks,...

EU

China’s trade surplus with EU rises 31% last year

China's trade surplus with the European Union rose 31% in 2006, compared with 2005, the official Xinhua News Agency said,...

EU

EU sells 492,968 tons of grains from intervention stockpiles

EU sells 492,968 tons of grains the results of yesterday's meeting of the European Union's market management committee for wheat,...

World

EU energy chief Piebalgs rejects raising oil-stocks floor – extended

The European Union's energy chief will stop short of seeking an increase in minimum EU oil stocks when drafting measures...

EU

EU gives 22,250 tons sugar export aid at €285.48 a ton

Following are the results of yesterday's meeting of the European Union market management committee for sugar....

EU

Europe „prepared” to accept Germany’s boost in emission imports

Germany, Europe's biggest producer of greenhouse gases, said the European Commission is prepared to accept its proposal to boost the...

EU

East Europe EU states face growth risks

Growth in the European Union's 10 eastern states will slow this year after accelerating in 2006 because the economies are...

EU

More transparency and lower costs for mobile roaming

The European Commission's proposed regulation to cut the cost of using mobile phones abroad – roaming - was discussed at...

EU

EU Committee deplores Member States’ passivity in the face of illegal CIA operations

Over a thousand CIA-operated flights used European airspace in 2001-05 and temporary secret detention facilities „may have been located at...

EU

Germany proposes caps on mobile-phone roaming prices

Germany, the current holder of the European Union's six-month presidency, has proposed capping the amount that mobile-phone companies such as...

EU

Germany pledges support for binding EU limits on CO2 from cars

Germany promised to support a European Union plan for binding curbs on carbon dioxide from cars, saying voluntary targets by...

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...