Hungary
Orban takes off the gloves ahead of European Commission President von der Leyen no-confidence vote
Hungarian Prime Minister Viktor Orban was in a feisty mood ahead of a no-confidence vote in European Commission President Ursula von der Leyen slated for July 10.
Revolut freezes crypto accounts in Hungary amid legal crackdown
Move follows Hungarian government's criminalisation of unauthorised crypto transactions under a sweeping legislative package
Viktor Orban's eldest daughter confirms reports to relocate to US
Prime Minister Viktor Orban's eldest daughter, Rahel Orban, confirmed reports that her family is preparing to relocate to New York, where she will pursue studies in the autumn.
EC slams Hungary over rule-of-law backsliding in latest report
Hungary has made no progress on key rule-of-law concerns flagged in previous years, according to the European Commission’s latest rule-of-law report released on July 8.
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Hungary’s inflation edges up in June
The latest data are expected to bolster the National Bank's (MNB) cautious approach to monetary policy, signalling little prospect of rate cuts in the near term.
Hungary faces renewed drought threat, jeopardising already fragile growth outlook
Conditions resemble the summer of 2022, when record drought coupled with heatwaves caused widespread crop damage and took a heavy toll on GDP.
Ukraine says EU accession talks can proceed without Hungary’s consent
Ukraine’s Deputy Prime Minister for EU Integration says that negotiations on Ukraine’s accession to the European Union can begin without the support of Hungary, as only 26 members are needed to start the talks.
Sergei Lavrov lauds Hungarian government’s policy in interview with pro-Orban media
Russian Foreign Minister Sergei Lavrov has lauded the Hungarian government's foreign policy as "balanced and pragmatic", in an interview granted to pro-Orban daily Magyar Nemzet.
Earth experiences steady stream of heat records - Statista
Heat records have become commonplace in meteorological record-keeping, while new cold records have become few and far between, Statista reports.
Water levels drop in Europe’s main rivers as heatwave hits cargo traffic
Both the Vistula in Poland and the Danube in Hungary, two of Europe’s biggest rivers, have reached record-low water levels as Europe’s unprecedented heatwave intensifies and starts to cause major economic damage.
Ex-wife of Hungary's Peter Magyar testifies in court in high-profile corruption case
Former justice minister Judit Varga appeared in court on July 3 as a witness in a high-profile corruption case, which centres around Gyorgy Schadl, former head of the bailiff chamber (MBVK), and ex-state secretary of the Justice Minister Pal Volner.
EU taxpayers funnelled up to €5.5bn into Orban's kleptocracy, anti-graft watchdog claims
Between 2011 and 2023, EU taxpayers may have unwittingly contributed €3.2–5.5bn to the consolidation of Viktor Orban’s kleptocratic regime, according to a new study by the Corruption Research Centre Budapest.
Slovak opposition accuses government of siding with Hungary in ending Gabčíkovo-Nagymaros dispute
Slovak opposition parties accused the left-right cabinet of Prime Minister Robert Fico of securing favourable terms for Hungary by bringing the long-standing Gabčíkovo-Nagymaros hydroelectric power plant System dispute to an end.
Hungary meets nearly entire annual financing plan by June
Hungarian Debt Management Agency (AKK) said the 2025 financing plan was fulfilled on a prorated basis in H1, with 96% of the full-year net issuance target completed by end-June.
Emerging Europe growth resilient despite global risks, wiiw says
Economies across Central, Eastern and Southeast Europe are set to maintain solid growth in 2025 and 2026 but face downside risks from Middle East tensions, the war in Ukraine and US trade policy.
Hungary imposes mid-year austerity on state-owned companies
The Hungarian government is introducing further measures to stabilise the 2024 budget after earlier signs that this year’s fiscal plan has gone off track.
US lifts sanctions related to Paks nuclear plant upgrade
The expansion of the Paks II nuclear power plant could now gain "new momentum" following Washington's decision to lift sanctions related to the project.
EU eyes new Asian trade alliances to offset US trade war risks
European Commission President Ursula von der Leyen is pushing for closer ties with Asia as part of a new EU trade strategy to offset the growing trade war risks with the Trump administration and reforming the global trade system.
Hungarian astronaut arrives at ISS aboard SpaceX Crew Dragon
The SpaceX Crew Dragon spacecraft carrying the crew of the Ax-4 mission, including Hungarian astronaut Tibor Kapu, docked with the International Space Station on June 27.
Hungarian economy faces weak growth, slow path to price stability, central bank report shows
Hungary's economy continues to struggle with weak momentum and only a gradual improvement in inflation, the National Bank of Hungary said in its latest Inflation Report.