Hungary

As CEE energy costs soar, IMF says customers should pick up the bill

The International Monetary Fund (IMF) has recommended that European governments let consumers bear the brunt of rocketing domestic energy bills,…

2 years ago

Hungary’s ‘race to the bottom’ currency policy comes under fire – CET analysis

Hungary's currency, the forint, has in recent weeks plumbed all-time lows against the euro. Although currencies are dropping across Central…

2 years ago

Hungary makes energy crisis plans

The Hungarian government unveiled a number of energy-related measures at the weekend, in response to soaring prices and an impending…

2 years ago

As Russia turns off the taps, Hungary negotiates deal to get gas transits wholly via southern TurkStream pipeline

Hungarian Foreign Minister Peter Szijjarto announced Monday that he is in negotiations with Russia’s Gazprom regarding a long-term gas supply…

2 years ago

CEE foreign ministers convene for energy, security talks

Austrian Foreign Minister Alexander Schallenberg said it is extremely important that the EU provide support to Africa, when he and…

2 years ago

Hungary declares energy emergency

The Hungarian government declared a state of emergency and ditched its flagship policy of subsidising domestic utility bills on Wednesday,…

2 years ago

Hungary falls out with EU, US over its opposition to minimum global tax rate

The Hungarian government said on Monday that it will pass a parliamentary resolution condemning EU criticism of its refusal to…

2 years ago

Bruising week for CEE currencies ends with slight rises for zloty, forint, Czech crown

The Czech, Polish and Hungarian currencies all weakened against the major global currencies this week, as recession fears intensified globally,…

2 years ago

Hungary leads EU for solar electricity generation

Hungary had the highest proportion of solar technology in its electricity production in the EU last year, according to the…

2 years ago

Croatia set to join the Euro

Croatia has been given the go-ahead to adopt the euro from the start of next year, when it will become…

2 years ago