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.
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.
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.
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.
U.S. Ambassador to Hungary David B. Cornstein addressed the Hungarian Parliament on the 20th anniversary of the countryʼs accession to NATO, sharply criticizing China and Russia, according to a press release sent to the Budapest Business Journal.