EU - Budapest Business Journal

EU

European Commission Highlights Economic Vulnerabilities in Hungary

The European Commission said Hungary continues to face vulnerabilities related to high gov't debt and financing needs, competitiveness, and home...

EU

Magyar Says Hungary Reaches Deal on EUR 16.4 bln in EU Funds

Prime Minister Péter Magyar said Friday that Hungary had reached an agreement with European Commission President Ursula von der Leyen...

EU

EU Commissioner Praises New Hungarian Government’s Rule of Law Reform Commitment

"It is encouraging to see the commitment and dedication of the new Hungarian government to swiftly proceed with its rule...

EU

European Commission Forecasts Pickup in Hungary GDP Growth

The European Commission expects Hungary's GDP growth to accelerate to 1.8% in 2026 and 2.1% in 2027 on domestic demand...

EU

EU Leaders Pledge Full Support for Hungary, Magyar Says

The leaders of the EU's central institutions have pledged full support to help Hungary restart its economy and ensure people...

EU

Europe Should Grant New Hungarian Gov’t ‘Credit of Trust’, Weber Says

Europe should invest Hungary's next government with a "credit of trust", Manfred Weber, the head of the European People's Party,...

EU

EC Confirms Magyar to Discuss EU Funds Recovery in Brussels on Wednesday

Péter Magyar, Hungary's prime minister-elect, will travel to Brussels on Wednesday for informal talks on recovering frozen EU funds, the...

EU

EPP Leader Backs Ending EU Sanctions Procedure Against Hungary

Following the change of gov't, Hungary can hope to see a swift end to the EU's procedure over alleged breaches...

EU

Budapest Plans on Use of EU Funds Ready

Budapest has planned development projects worth a combined HUF 300 bln in recent years "calculating with the EU's cohesion resources,"...

EU

Hungary Lags Behind EU Average in Tertiary‑educated Youths

The share of 25–34‑year‑olds with tertiary education in Hungary has remained between 30%-33% over the past 10 years, more than...

EU

Hungary Child Protection Law Violates EU Legislation, CJEU Says

The Court of Justice of the European Union has established that Hungary's anti-paedophilia legislation on the protection of children violates...

EU

EC Delegation to Visit Budapest on Friday for Talks With Incoming Gov’t

A European Commission delegation will travel to Budapest on Friday to begin discussions with Hungary's incoming government, EC spokesperson Paula...

EU

ECB: Euro Adoption Only Possible After Years of Deep Reforms

ECB President Christine Lagarde said Péter Magyar's election victory, granting him a 2/3 majority, creates an opportunity for Hungary to...

EU

Hungary Will Have to Fulfill ‘Super Milestones’ to Access RRF Funds

Hungary will have to fulfill so-called “super milestones” to access EU Recovery and Resilience Facility (RRF) funds, a European Commission...

EU

Hungary Joins European Helpline for Victims of Crime

Hungary has joined the European Helpline for Victims of Crime, available at the telephone number 116-006, justice ministry officials said...

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...

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...

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...

EU

Hungary Fully Supports Western Balkans EU Accession, Foreign Minister Says

Hungary is fully committed to the European Union integration of the Western Balkans and will provide experts to assist countries...

EU

Hungary Targets Euro Criteria by 2030 as Government Moves to Cut Deficit

Reducing the budget deficit “inherited” from the former Fidesz-KDNP gov't is an “important step” toward meeting the criteria for adopting...

EU

Hungary’s Revised RRP Shows Stronger Rule-of-law Ambition, EU Commissioner Says

Hungary's new Reconstruction and Recovery Plan "demonstrates a higher level of ambition to protect the EU's financial interests and strengthen...

EU

Hungary Joins the European Public Prosecutor’s Office

The European Commission has formally approved Hungary's accession to the European Public Prosecutor's Office (EPPO), making the country the 25th...

EU

EU Finance Ministers Set to Clear Hungary’s Revised RRF Program

European Union finance ministers are expected to approve Hungary's revised Recovery and Resilience Facility (RRF) plan on Friday, Finance Minister...

EU

EC Refers Hungary to CJEU Over Price Margin Restrictions

The European Commission on Wednesday said it decided to refer Hungary to the Court of Justice of the EU (CJEU)...

EU

Hungarian Gov’t to Take Last Legal Steps Required by EU to Access Funds

After parliamentary sessions on Monday and Tuesday and a cabinet meeting on Wednesday, the second half of the week will...

EU

Hungarian Government to Amend Energy Laws to Access EU funds

The European Commission says it has allocated EUR 552.3 million, more than HUF 190 billion, to Hungary from the Modernization...

EU

Hungary Committed to Euro Adoption, Finance Minister Says

Hungary is committed to adopting the euro and has undertaken to meet the Maastricht criteria by 2030, Finance Minister András...

EU

Hungary Rejects EU Migration Pact in Current Form, Interior Minister Says

Hungary continues to reject the EU’s Migration Pact in its current form and does not plan to submit an implementation...