The management board of the International Investment Bank (IIB), which recently announced it will move its headquarters from Moscow to Budapest later this year, has released a statement denying what it says are “unfounded” media accusations of close ties to the Russian secret service and the Russian state itself.
Hungaryʼs governing populist party Fidesz has been suspended by the center-right European Peopleʼs Party (EPP), the biggest political grouping in the European Parliament, after a vote triggered by what many member parties see as Fideszʼs defiance of EU policies and EPP values, according to breaking reports Wednesday evening.
With the latest inflation data released by the Central Statistical Office (KSH), we could see the start of a tightening cycle as early as March, some analysts say. Others, however, argue that the Monetary Council might consider a later start, as headline inflation is below the central bank’s target. Core inflation, on the other hand, jumped to 3.2%, a surprise to analysts.
Germanyʼs FAKT AG is building a EUR 1 billion horticultural production, processing and logistics center on an area of 330 hectares located on the outskirts of Hegyeshalom and Bezenye (northwestern Hungary), Minister of Agriculture István Nagy told reporters in nearby Mosonmagyaróvár on Tuesday.
France, Hungary, the Netherlands and Sweden have agreed to take over from Germany as the lead countries responsible for assessing the safety of glyphosate, the world’s most widely used herbicide, politico.eu reported. Meanwhile, a second court case in the U.S. has resulted in a ruling that the weedkiller causes cancer.