Foreign Affairs

Int'l Relations

EU commission urges suspension of Turkish entry talks

The European Union's executive body urged a suspension of accession talks with Turkey because of its embargo on EU member...

EU

EU to file WTO complaint against Canadian beer, wine taxes

The European Union will ask the World Trade Organization to rule that Canadian taxes on its wine and beer illegally...

World

OTP to double staff, increase clients at its Ukrainian business

OTP Bank Nyrt, the Hungarian bank that has spent $2.4 billion buying lenders in eastern Europe, plans to double its...

Int'l Relations

Brussels to slow Turkey entry talks

Turkey will on Wednesday be told that its membership talks with the European Union should be slowed down sharply –...

EU

MEPs call for more solidarity among EU Member States on immigration

The EU's inability to respond effectively to immigration challenges is due to the Member States' lack of commitment to a...

EU

Romania’s central bank proposes plan to keep euro adoption date

Romania's central bank drafted a plan to meet the country's target of adopting the euro as early as 2012, central...

Int'l Relations

Calsonic Kansei to build car-parts factory in Romania

Calsonic Kansei, a Japanese auto-parts affiliate of Nissan Motor Co., plans to spend €120 million ($158 million) to build a...

Int'l Relations

Mitsui & Co. expects conclusion on Gazprom talks

The talks include the portion of the €16.7 billion ($22 billion) project cost to be borne by Gazprom and existing...

EU

Germany, EU may end savings bank dispute & allow sale of lender

Germany and the EU may be close to ending a dispute over the rights of savings banks to protect their...

EU

EU to blame for diluting bluefin tuna protection plan

A 15-year plan designed to protect stocks of bluefin tuna was watered down so much by the EU that it...

EU

EU tells UK to cut planned mobile-telephone tariffs

The European Union ordered the UK to lower planned mobile-telephone tariffs, saying the fees would give companies including Vodafone too...

EU

Employers accept updated euro plan, employees reject it

Employer representatives approved Hungary's updated convergence plan while employee delegates rejected it at a meeting of the interest coordinating council...

EU

Hungary expects significant revenue from auction of carbon-dioxide quota units

The Hungarian state is to put 1.2 million in carbon-dioxide emission units up for sale, with the auction for them...

EU

Swiss voters back aid package for Eastern Europe

Swiss voters narrowly approved an €612 million ($800 million) aid package for Eastern European nations, highlighting divisions over funding for...

EU

Hungary’s key rate is high enough, council member says

Hungary's benchmark interest rate is high enough to bring down inflation toward the central bank's target, said Gábor Oblath, a...

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...