Orban drops Ukraine aid package veto
Hungarian Prime Minister Viktor Orban agreed to a EUR 50bn, 4-year package for Ukraine on Thursday, 1 February, after vowing to...
Hungary
Hungary becomes only hold-out on Swedish NATO accession
Hungarian Prime Minister Viktor Orban has asked his MPs to proceed with Sweden's ratification as NATO member “at the first possible...
Hungarians increasingly displaced by guest workers – report
Foreign workers are increasingly replacing Hungarians across various sectors due to structural issues within the country’s economy. Government backing of lower-wage...
Hungary inflation to dip, GDP to rise this year – independent think tank
From Hungary's economic perspective, last year extended the trends observed in 2022, according to independent Hungarian think-tank Policy Solutions's annual report....
Orban EU presidency already dividing opinion – Hungary PM wants to ‘take over’ EU, MEPs sceptical of his ability to lead bloc
Hungary will hold the rotating presidency of the Council of the EU in the second half of 2024, putting Hungarian Prime...
Senior EU politician launches bid to remove Hungary’s voting rights
The European Parliament (EP) chief rule of law negotiator Petri Sarvamaa, MEP, published on Tuesday a petition letter calling to suspend...
New research delves into Hungary’s AI use
Hungarian companies do not excel in the field of innovation, but they take the digital transition seriously, according to new research...
Albania tops region for sustainable energy mix
The share of renewable sources in gross final energy consumption at the EU level reached 23% in 2022, up 1.1 percentage...
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 to...
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) factory...
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 December....
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 challenges...
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, one...
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 could...
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 Thursday...
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 Friday...
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 of...
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 website...
Auto sector slides down large company list – Coface CEE Top 500 study
Automotive and Transport has dropped to third place amongst large companies in CEE, as business sectors of Central and Eastern European...
Moment of truth for Orban – ING’s report on Poland, Czechia, Romania, Hungary
Central and Eastern Europe (CEE) is becoming increasingly diversified, ING Bank writes in a new report on Poland, Czechia, Romania and...