Hungary
Europe exits the winter heating season with record gas stocks
The EU has exited the heating season with a record volume of gas in storage, following another mild winter and as a result of reduced industrial demand and a concerted effort by policymakers to boost stockpiles.
Grid bottlenecks on the way in Europe?
A new analysis by the energy think-tank Ember has found that several countries in Europe could soon face bottlenecks in their national transmission energy grids, as more solar and wind power will be generated than these networks have capacity for.
Summer starts as EU gas tanks start to fill again
Winter is over, as the EU gas tanks switch from withdrawals to filling mode again in preparation for next winter. Injection into the gas tanks started on April 1, a week earlier than in 2023 and started at an all-time high record level of 59.3% full.
Magyar steps up as challenger to Orban in largest anti-government protest since 1988
The demonstration is a huge defeat for Fidesz, which has tried desperately to discredit Magyar, bit it is also a huge slap in the face for the opposition, which has been unable to gather a crowd similar to Saturday's rally.
Orban’s son-in-law and Russian oligarch reportedly attempted to buy stakes in Spar
The bids were allegedly part of a campaign by the Hungarian government to force the retailer to allow businessmen close to the Orban regime to enter the company.
Russian hard discounter eyes Hungarian retail market
Svetofor faces challenges in its supply chain due to war and sanctions, but is going ahead with plans to expand in Eastern Europe.
Where is green tech made in Europe?
Europe is home to more than 400 clean tech manufacturing plants, but the distribution is uneven and a few large countries dominate the business of making equipment needed to produce green energy sources.
Labour costs in Western Europe still four times higher than in Romania and Bulgaria
Bulgaria has the EU's lowest labour cost, while Romania still lags well behind Poland and Hungary.
Former Fidesz insider presents damaging evidence to prosecutor's office in high-profile corruption case
Peter Magyar posts secretly recorded conversation with his ex-wife and former justice minister Judit Varga, indicating high-ranking government officials manipulated evidence in a major corruption case.
COMMENT: Overheating in Russia and Turkey, but CEE recovering
The economies of Central and Eastern Europe (CEE), which experienced a period of stagnation last year, are poised for a modest revival in 2024, but both the Russian and Turkish economies are already overheating.
Romania's GDP per capita surpassed Hungary's in 2023
Romania has been catching up with the EU average faster than Hungary, which fell into recession in 2023.
Hungarian central bank cuts base rate by 75bp to 8.25%
Policymakers had discussed three options, a 50bp, 75bp and 100bp cut, and decided unanimously on the 75bp one, deputy governor Barnabas Virag said after the rate decision.
Bolsonaro sought refuge at Hungarian embassy to escape justice
It is not the first time Orban has meddled in the affairs of foreign countries and sought to help his allies escape justice.
Hungarian government officials threaten retaliation against Spar criticism
Spar will pay the price for its baseless and unfair accusations against Hungary, according to Minister for Construction and Transport Janos Lazar.
Magyar accuses Orban’s inner circle of tampering with evidence in high-profile corruption case
New opposition figure says he has gathered evidence that could lead to the fall of the Orban government.
Venice Commission says Hungary’s sovereignty defence act violates international standards
Advisory body to the Council of Europe says Orban regime's ban on foreign political funding much too broad.
A surprise EU proposal to expand agricultural ”emergency brake” import restrictions will cost Ukraine €1.7bn
EU countries have overnight agreed to impose new restrictions on Ukrainian agricultural imports that will cost the cash strapped country €1.7bn and hurt its ability to fight the war against Russia.
KYIV BLOG: EU finalises €5bn Ukraine Peace Fund contribution that will see little new money sent to Kyiv
EU ambassadors agreed to back a new €5bn Ukraine Assistance Fund on March 13, part of the EU's off-budget European Peace Facility (EPF) that is used to partially reimburse member countries for the weapons they provide to Ukraine.
Europe has €56bn shortfall to meet Nato 2% of GDP spending pledge
European nations within Nato are facing a €56bn shortfall in meeting the alliance's defence spending pledge of 2% of GDP this year, the Financial Times reported on March 16.
Former Fidesz insider draws tens of thousands for protest against Orban regime
Magyar drew an estimated 30-40,000 people, compared to Prime Minister Viktor Orban’s 20,000 on day of commemoration of 1848 revolution.