Hungary

A collection of 353 posts

Romania overtakes Hungary on PPP

Romania overtakes Hungary on PPP

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,

IMF report shows CEE catching up on southern European neighbours

IMF report shows CEE catching up on southern European neighbours

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

CEE members mark accession anniversaries as NATO vows to back Ukraine

CEE members mark accession anniversaries as NATO vows to back Ukraine

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 airline hit by Airbus A320 recalls 

Hungary airline hit by Airbus A320 recalls 

1 min read Hungary, Airbus, Varadi, Wizz Air

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

Hungary oks Swedish NATO bid after PM visit

Hungary oks Swedish NATO bid after PM visit

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’

V4 leaders agree on energy, immigration, but Russia remains elephant in room

V4 leaders agree on energy, immigration, but Russia remains elephant in room

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

Hungary gov't to vote through judge as president

Hungary gov't to vote through judge as president

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