Foreign Affairs

EU

Hungary’s November inflation rate probably rose

Hungary's inflation rate, the EU's highest, probably rose to a two-year high in November as the effect of higher energy...

World

Oil producers diversify to euro, yen away from dollar

Russia and other oil-producing countries shifted their assets away from the dollar and into the euro and the yen in...

World

Czech cabinet approves 101.9 mln ton cap for CO2 emissions

The Czech Republic approved a plan to set the annual limit in the next phase of the EU's emission-trading system...

EU

Hungary’s trade surplus with EU evidence of improving competitiveness

Hungary's trade surplus with the EU is a sure sign that the country's competitiveness is improving, András Inotai, of economic...

EU

EU ministers agree on extending Schengen regime to new members

A meeting of justice and interior ministers of the European Union in Brussels accepted a proposal to extend the Schengen...

EU

EU says Turkish membership “still an objective” after setback

The European Union remains committed to membership for Turkey even after the process was slowed down last week, the EU's...

EU

EU plans to cut 6% duty on aluminum imports by half

The European Union plans to trim a 6% tariff on aluminum imports next month to increase shipments from Russia, denting...

EU

Chirac and Merkel unite over Turkey

Germany and France will on Tuesday demand tougher conditions for Turkey’s troubled European Union membership bid, in a move likely...

EU

Lower taxes on biofuels from 2007

In line with an EU directive promoting the use renewable energy in the member states, excise duty in Hungary levied...

EU

EU negotiators strike compromise over stricter chemicals law

European Union lawmakers agreed to force chemical companies to seek substitutes for hazardous substances, clearing the way for a broader...

World

Biofuels investors attracted to Eastern Europe

Biofuels investors are increasingly attracted to Eastern Europe as they seek cheaper supplies of raw materials, their biggest expense in...

World

IMF raises Ukraine 2006 economic growth estimate to 6%

Ukraine's economy will probably grow about 6% this year, the International Monetary Fund said, raising its forecast from a September...

EU

Hungary welcomes Bush visa pledge

Hungary's Foreign Minister Kinga Göncz welcomed on Thursday President George W. Bush's pledge to abolish the US visa requirement for...

EU

Hungary signs for €620 mln in loans from EIB

Hungary has signed an agreement to take out two loans worth a combined €620 million from the European Investment Bank...

EU

Emissions credits sale expected to generate Ft 2.5 bln

The sale of 1.2 million emissions units by the state at an auction on December 11 should generate Ft 2.5...

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...