Foreign Affairs

EU

Hungary’s main rate may fall to 6% by year-end

Hungary's benchmark interest rate may decline to 6% by the end of the year as inflation will slow in the...

World

Ukraine aims to increase 7% shipments of Russian gas to Europe

Ukraine aims to increase by 7% the amount of natural gas it ships from Russia to further west in Europe,...

EU

Hungary’s central bank keeps benchmark interest rate unchanged – extended

Hungary's central bank kept its benchmark interest rate unchanged for a third month as the forint's strength curbs inflation....

EU

EU contract law may hurt exporters, trade group says – extended

A proposed European Union cross-border trade law that would change which nation's laws are used to resolve disputes would force...

EU

Swiss franc falls on signs inflation slowing, on carry trades

The Swiss franc fell against the euro on signs inflation in Europe's eighth-biggest economy is easing, and as investors take...

EU

Hungary’s central bank to keep rates unchanged

Hungary's central bank probably will keep its benchmark interest rate unchanged for a third month as the forint's strength curbs...

EU

Swiss franc heads for second week of declines on carry trade

The Swiss franc is set to fall for a second week against the euro as investors take advantage of the...

EU

EU expects „robust” growth in early 2007

The European Commission expects Europe's economy to „remain strong” in coming months and inflationary pressures to be eased by the...

World

EU to offer Ukraine closer economic ties, maintain entry veto

The European Union will offer to deepen economic and political ties with Ukraine, while continuing to deny the ex-Soviet republic...

World

Merkel plans to press Putin on energy reliability

German Chancellor Angela Merkel will seek to banish doubts about Russia's reliability as a supplier of gas and oil when...

World

Hungary will ask EU to approve 30.7 mln-ton carbon limit

Hungary said it would ask the European Union to approve a grant of 30.7 mln metric tons of carbon-dioxide emission...

World

EU won’t let Lithuania delay closing Soviet-era atomic reactor

The European Union said it won't allow Lithuania to operate a Soviet-era nuclear reactor beyond its scheduled shutdown in 2009,...

Int'l Relations

Romanian 11-month current-account deficit widens on imports

Romania's current-account deficit widened to almost €8.9 bln ($11.5 bln) in 11 months of last year from €6.1 bln a...

EU

EU suggests cap on auditor liability as risk of lawsuits rises

European Union regulators suggested capping what investors can claim from auditors for losses in accounting scandals, to keep mounting lawsuits...

World

Oil falls as Saudis say they will expand production capacity

Crude oil fell as Saudi Arabia, OPEC's biggest producer, said it will increase production capacity....

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...