Former Macedonian Prime Minister Nikola Gruevski has reportedly fled to Hungary, where he said in a Facebook post he is “seeking political asylum,” days after he was set to begin a two-year prison sentence on corruption charges, according to news agency reports.
Gross domestic product (GDP) in Hungary was up 4.8% according to raw data in the third quarter of 2018, compared to the corresponding period of the previous year, shows a flash estimate from the Central Statistical Office (KSH). Most industries contributed to the growth, market-based services to the greatest extent.
The National Bank of Hungary kept the base rate at 0.9% at its latest rate setting meeting. But more importantly, it revealed moves to simplify and fine-tune its set of policy instruments. Analysts say that it might signal the start of a tightening cycle in the longer run. In the short-term, however, the central bank is expected to stick to its dovish stance.
Hungarian Prime Minister Viktor Orbán and U.S. Energy Secretary Rick Perry met in the Parliament building in Budapest on Tuesday, with Perry urging the Hungarian government to ditch Russian energy for other projects, according to a report by state news agency MTI.
Members and supporters of the bipartisan Transatlantic Democracy Working Group (TDWG) of former U.S. government officials, national security experts and scholars are the latest to declare support for Budapestʼs Central European University (CEU), denouncing the Hungarian governmentʼs steps to drive the institution out of the country.