A collection of 376 posts
Central and Eastern Europe (CEE) is becoming increasingly vital to the EU’s manufacturing landscape, the German Marshall Fund of the United States writes in a new report entitled “Rethinking Industrial Policy for Central and Eastern Europe”. Current industrial policies in the EU are pivoting towards high-tech, capital-intensive industries, as
Hungary will take over the rotating presidency of the Council of the European Union on Monday, 1 July with the slogan “Make Europe Great Again,” a nod to the populist and nationalist politics of Donald Trump, who will run for US president again in November, during Hungary’s own tenure.
Hungary will not be obliged to participate in military actions outside its territory or send money or troops to Ukraine, Hungarian Prime Minister Viktor Orban said after he met NATO Secretary General Jens Stoltenberg in Budapest on Wednesday, 12 June, ahead of the treaty organisation’s Washington Summit next month.
The European Commission (EC) published a draft package on battery electric vehicles (BEVs) imported from China, including tariffs of between 17.4% and 38.1% on manufacturers, in addition to the 10% they already pay, on Wednesday, 12 June. The EC wrote that it has “provisionally concluded that the battery
Budapest Mayor Gergely Karacsony retained his post at last Sunday’s election, the Hungarian National Election Committee (NVB) confirmed on Friday evening after a recount of invalid votes. Last weekend the Hungarian capital’s liberal incumbent mayor received 371,466 votes, just ahead of LMP-Greens candidate and transport expert David
One-third of the EU-27 member states held local or national elections in tandem with the European Parliament ballot on June 6-9. Of these, three were countries in Central and Eastern Europe: Bulgaria, Hungary and Romania. Romania’s June 9 local elections saw 41 county council president and 3,176 mayor
Hungary’s state-owned MVM Group has signed an agreement with Azerbaijan to acquire a 5% stake in the Shah Deniz natural gas field. The acquisition will propel Hungary’s gas security into a “new dimension,” Hungarian Foreign Minister Peter Szijjarto said at a joint press conference in Baku with Azerbaijani
Pro-European centrist parties performed well in Central and Eastern Europe (CEE) at the European Parliament (EP) elections held from 6-9 June, in contrast to elsewhere on the continent, where far-right parties surged. Tusk consolidates lead in Poland In Poland, the Civic Coalition (KO), led by Prime Minister Donald Tusk, gained
Hungarian Prime Minister Viktor Orban, who recently described the current European Commission (EC) as “the worst one” ever, framed the June 7-9 elections as a decisive moment between peace and the spectre of war looming over Europe, at a large demonstration in Budapest on Saturday, 1 June. Orban called for
Chinese President Xi Jinping’s recent visit to Hungary underscores the geopolitical importance of the growing bilateral friendship. China’s new investments in Hungary total EUR 16bn and are expected to reach EUR 30bn by the end of the year. On his first visit to Europe since the pandemic, Chinese
As Chinese President Xi completed his trip to Europe, he held a conference with Hungarian Prime Minister Viktor Orban, with whom he had spent three of the five days. Although Xi failed to give concrete details, Hungarian officials said 18 agreements had been signed between their country and China, but
China’s Huawei and Hungary’s 4iG signed a letter of intent to establish a common cloud service platform for Hungarian companies and large Chinese and Asian companies with a presence in Central and Eastern Europe (CEE) during Chinese President Xi Jinping’s visit to Budapest from 8-10 May 2024.
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