Foreign Affairs

World

Germany wants energy-row mediation adopted in EU-Russia accord

The German government plans to press Russia to accept independent mediation in any future energy disputes with its neighbors, a...

World

Dresdner Bank, Gazprombank to set up carbon trading venture – extended

OAO Gazprom's banking unit plans to set up a carbon emissions trading venture with Dresdner Bank AG to take advantage...

World

Holtec, Ukraine plan $160 mln nuclear-waste storage site

Holtec International Inc., a US company that designs and installs equipment for storing spent nuclear fuel, will invest as much...

Int'l Relations

Details of national energy council released

Economy Minister János Kóka gave details of his proposal to set up a national energy council yesterday....

EU

EU states back plan to link databases to fight crime

The interior ministers of the 27 nations that make up the European Union signaled yesterday that they back plans to...

World

Ukraine wants to participate in Nabucco pipeline construction

Ukraine wants to be involved in the construction of a natural gas pipeline from Central Asia to Europe, via Turkey...

World

Kóka outlines proposal for national energy council

Minister of Economics and Transportation János Kóka outlined his proposal to create a national energy council to review Hungary energy's...

EU

Hungary’s December inflation rate probably rose – extended

Hungary's inflation rate, already the highest in more than two years, probably rose further in December, as food became more...

EU

Romanian December inflation accelerates to 4.9% on energy costs

Romania's annual inflation rate rose in December after the government raised energy prices to bring tariffs closer to those in...

World

Germany’s Steinmeier seeks energy talks with Russia

German Foreign Minister Frank-Walter Steinmeier welcomed the resumption of oil supplies sent to Europe via Belarus and asked Russia to...

EU

EU weighs how to oversee foreign accounting firms under new law

European Union regulators are weighing how to supervise foreign auditors of companies with shares listed in the 27-nation area, under...

World

OPEC’s president urges group to comply with oil cuts

OPEC's president, describing crude oil's plunge to $53 a barrel as „unacceptable,” urged members to comply with pledged production cuts....

World

Poland banks on Ukraine as ex-Soviet republic builds EU ties

As thousands of Poles head west in search of jobs, Polish companies are looking east for profits....

World

Russia reopens biggest oil link to Europe after three-day halt – extended

Russia, the world's second-biggest oil exporter, reopened its largest pipeline to Europe today, edging closer to resolving a dispute with...

Int'l Relations

Falcon confident it can develop Hungarian gas field

Falcon Oil&Gas Ltd., the Canadian energy company that found natural gas in Hungary, said it's confident it can start production...

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...