A collection of 394 posts
Romanians have been consuming more than Hungarians, Budapest-based business website Portfolio writes, and now it has become clear why: wages were already higher in Romania than in Hungary last year. “Regarding purchasing power parity (PPP), 2023 was the first year when the wages of our eastern neighbour came before us,
Per capita income in Slovenia will surpass that of Italy by 2029 when adjusted for purchasing power (PPP), according to the latest International Monetary Fund (IMF) projections, while Lithuania will draw level and Poland will not be far behind. The shift makes good on promises that the Central and Eastern
Chinese President Xi Jinping will commence a three-day visit to Hungary from Wednesday, 8 May, having arrived in France on Monday, 6 May, where he met French President Emmanuelle Macron and European Commission President Ursula von der Leyen. Xi’s delegation includes Chinese Foreign Minister Wang Yi, Chinese Finance Minister
Hungary will focus on key issues for central Europe during its upcoming EU presidency, Hungarian Foreign Minister Peter Szijjarto claimed at a press conference with Czech Foreign Minister Jan Lipavsky in Budapest on Friday, 26 April. According to Szijjarto, the key issues for the region are enlargement for countries in
Chinese President Xi Jinping will visit Budapest, Hungary and Belgrade, Serbia, at the beginning of May. After a trip to France from May 5-7, Xi Jinping will then stop over in Belgrade, before concluding his Europe tour in Budapest, Radio Free Europe (RFE) wrote, citing two independent sources. Orban China’
NATO Secretary General Jens Stoltenberg agreed to progress with planning a greater role in coordinating aid to Ukraine on the first of two days of meetings at the NATO Headquarters in Brussels, Belgium, on Thursday 4 April, the 75th anniversary of the signing of the defence alliance’s founding document.
Hungary’s Wizz Air will be forced to ground 20% of its fleet for several months due to the recall of its many Airbus A320s with contaminated engines. The Pratt & Whitney geared turbofan engines of over 3,000 Airbus SE A320s have been contaminated by metal powder, causing engine
The indispensability of nuclear energy was one of few areas of consensus at the recent summit of the strained Visegrad Four (Poland, Czechia, Hungary and Slovakia) in Prague on Tuesday, 27 February. Over two years since Russia’s full-scale invasion of Ukraine, more and more countries in Central and Eastern
Hungarian MPs approved a proposal on ratifying Sweden’s accession to NATO with 188 in favour and 6 dissenting votes, on Monday, 26 February. Hungary was the last member of the defence alliance to vote through Sweden’s membership. NATO Secretary General Jens Stoltenberg tweeted “I welcome the Hungarian parliament’
The prime ministers of the Visegrad Four (V4) countries met in Prague, Czechia, for the first time in eight months, on Tuesday, 27 February. Created back in 1991, the V4 comprises around 65mn EU citizens, but for the last two years differences of opinion about Russia’s invasion of Ukraine
Hungarian Prime Minister Viktor Orban, in damage limitation mode after recent scandals and mass anti-government protests in Budapest, has proposed that Constitutional Court President Tamas Sulyok succeed Katalin Novak as head of state. Caucus leader for Orban’s Fidesz party Mate Kocsis said Thursday that the Hungarian premier had personally
Tens of thousands of protesters rallied against the presidential pardon scandal in Budapest on Friday evening. The catalyst for the protests is what the BBC described as “the biggest threat to (Hungarian) Prime Minister Viktor Orban’s rule since he returned to power in 2010”. Papal visit prompted controversial pardon
Hungarian President Katalin Novak resigned on live TV on Saturday evening, in connection with her controversial pardon issued last year for a man convicted of covering up child sexual abuse. When Pope Francis I visited Hungary last April, Novak gave clemency to the deputy director of a state-run children’s
Hungarian-government-linked telco 4iG and Telecom Egypt will jointly construct an express subsea cable between Albania and Egypt. Telecom Egypt is a major subsea cable operator, and last October signed a Memorandum of Understanding (MOU) with 4iG. The cable will serve as a high-capacity, intercontinental connection linking Africa and Asia to
The expansion plan of the new ammunition plant of Rheinmetall in Varpalota, west Hungary, has been underway since January, the German automotive and arms manufacturer has revealed. The extension will increase the size of the plant by 20 hectares to some 120 hectares and payroll to around 200 employees. The