Foreign Affairs

World

COVID-19 crisis affected 1/3 of Czech employees, drove wages down

The coronavirus crisis has negatively impacted more than a third of employees in the Czech Republic, Czech Radio reports, citing...

World

Bulgarian govʼt survives no-confidence vote over corruption

Bulgaria’s ruling coalition comprising GERB and the nationalist alliance United Patriots survived a no-confidence vote over corruption filed by the...

World

Small businesses in Kosovo to be supported

The European Bank for Reconstruction and Development (EBRD) will provide a EUR 2 million loan to the Agency for Finance...

World

Coronavirus surges further globally including CESEE region

Some countries in the Central and Eastern and Southeast European (CESEE) region are facing growing numbers of coronavirus infection, and...

World

Serbia c/a deficit narrows in May

The current account gap in Serbia shrank to USD 58 million in May from USD 128 mln in the corresponding...

EU

EU reaches COVID-19 recovery package deal

The leaders of the European Union reached agreement on a EUR 1.82 trillion budget and COVID-19 recovery package earlier today,...

World

Poland’s Finance Ministry plans simpler VAT payments

Poland’s Finance Ministry aims to make life easier for small and medium-sized companies by simplifying how value added tax is...

World

EBRD supports businesses in North Macedonia

The European Bank for Reconstruction and Development (EBRD) is providing a EUR 20 million loan to Sparkasse Bank Makedonija for...

EU

Births outside marriage around EU average

The proportion of live births outside marriage in Hungary stood at 43.9% in 2018, up from 29% in 2000, according...

EU

Hungary gets HUF 60 bln from Council of Europe Development Bank

Hungary will receive HUF 60 billion in funds to fight the epidemic, Minister of Finance Mihály Varga announced in a...

World

Agrofert profit goes to Czech PM Babiš, trust funds’ statutes show

Prime Minister Andrej Babiš (ANO) is the sole recipient of the profit of the Agrofert holding, which he placed in...

World

Despite crisis 1 in 5 Czech workers mull switching jobs

Despite the relative economic uncertainty sparked by the coronavirus crisis, Czechs are not necessarily holding on tooth and nail to...

EU

Share of young people with digital skills below EU avg

In 2019, only about 68% of young people aged 16 to 24 in Hungary had basic or above basic digital...

EU

Hungary ranks last in European real estate price change

According to the latest housing price index published by Eurostat this week, covering the first quarter of 2020, Hungary ranks...

Int'l Relations

U.S. Embassy: ‘Proud of a Strong and Growing Economic Relationship’

U.S. Chargé d’Affaires Marc Dillard discusses the state of the American-Hungarian bilateral relationship, growing business sectors, the end of “reflexive...

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

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...

Hungary Signals Interest in Hosting 2036 Olympics

The Int'l Olympic Committee confirmed that Hungary is among seven countries engaged in ongoing dialogue and has formally expressed interest...

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...

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 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...

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 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...

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...

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...

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...

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...

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...

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...

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...

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 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...