Hungary

Bulgaria shelves energy tax on Gazprom after pressure from Hungary

The Bulgarian Parliament, with cross-party support, swiftly abolished a special tariff on Russian transit gas this week, after Hungary threatened…

4 months ago

Chinese vehicle maker BYD plans plant in Szeged

After months of speculation, Hungarian Foreign Minister Peter Szijjarto announced that China's BYD will build its first electric vehicle (EV)…

4 months ago

Ukraine, Moldova become EU accession candidates as Scholz sends Orban out of room for vote

EU leaders voted to begin accession negotiations with Ukraine and Moldova, at a historic summit in Brussels on Thursday 14…

5 months ago

Budapest holds fourth climate summit

The fourth Budapest Climate Summit on December 4, brought together over 40 speakers from 25 countries to discuss climate change…

5 months ago

Hungary firm buys major stake in Auchan

Hungary’s Indotek Group acquired a 47% stake in the French grocery hypermarket chain Auchan last week. Group founder-owner Daniel Jellinek,…

5 months ago

Fico calls Ukraine ‘frozen conflict’

Slovak Prime Minister Robert Fico has reiterated his stance that Russia's war with Ukraine is insoluble, stoking fears that he…

5 months ago

Hungary may receive billion euros from EU

The European Commission (EC) proposed a shortcut for Hungary to nearly EUR 1bn from its revised national recovery plan on…

5 months ago

CEE inflation eases, but V4 still EU outliers

Hungary remained the EU's most inflationary economy with an annual rate of 9.6% in October, an EU statistics office Eurostat report released…

5 months ago

Shake up at strategic Hungary telco 4iG

Hungarian operator 4iG Group revealed a plan to streamline operations and bring in external investors to raise the overall value…

5 months ago

MOL to start lithium mining in Hungary

Confirming the preliminary expectations, Hungarian energy giant MOL announced in the summer that it will start mining lithium, local business…

6 months ago