Hungarian State Audit Office fines opposition parties for alleged foreign campaign financing

Tamas Csonka in Budapest February 21, 2024

The Orban government aims to cut off all kinds of funding to its political opponents, while it has an unlimited pool of state funding for campaigns.

Hungary’s parliament finally sets date to ratify Sweden’s Nato membership

Tamas Csonka in Budapest February 21, 2024

Hungary’s defiance over the issue has led to further souring of relations with the United States.

Hungary spent whopping €3.5bn on propaganda between 2015-2023

bne IntelliNews February 20, 2024

State advertisement contracts roughly equal half of the entire spending in Hungary’s communication market.

CEE losing competitiveness because of soaring wages and weak productivity growth

bne IntelliNews February 19, 2024

Unit labour costs have surged by 25% since 2020 – something not seen since the early 2000s, says Capital Economics

Hungarian influencers organise huge rally to support victims of child abuse

Tamas Csonka in Budapest February 19, 2024

Biggest rally against Viktor Orban's regime since he took office in 2010.

Hungarian government officials, Fidesz cold shoulder US bipartisan delegation visiting Budapest

bne IntelliNews February 19, 2024

Senior Hungarian government officials and Fidesz parliamentary representatives declined to meet with the bipartisan US Congressional delegation on a mission focused on strategic issues confronting Nato and Hungary.

Clear east-west divide in EU for gender balance in science and engineering

bne IntelliNews February 15, 2024

Female employment in science and engineering is well above 50% in multiple regions of Central and Southeast Europe, Eurostat figures show.

Hungary's economic recovery stalls in Q4

Tamas Csonka in Budapest February 15, 2024

GDP flat in Q4 and for the full year, adjusted GDP dropped 0.8%.

Children's home crisis threatens very foundation of Orban regime, say analysts

Tamas Csonka in Budapest February 14, 2024

Hungarian strongman accused of "hiding behind the skirts" of his female minions.

Warning of new ice age in Europe as currents in the Atlantic approach a catastrophic tipping point

Ben Aris in Berlin February 14, 2024

The currents that circulate in the Atlantic are approaching a “tipping point” that will change the way water flows around the oceans of the world, which will have a catastrophic climate impact on countries around the world.

EU may sanction Chinese companies for the first time for facilitating Russia’s flourishing trade with friendly countries

bne IntelliNews February 13, 2024

The EU is contemplating the unprecedented step of imposing sanctions on three Chinese companies alleged to be aiding Russia's military actions against Ukraine, Bloomberg reports.

New details emerge on presidential pardon in paedophile cover-up case rocking Hungarian politics

Tamas Csonka in Budapest February 13, 2024

Zoltan Balog, former head of Reformed Church, alleged to be prime mover behind controversial pardon.

Hydrogen production and demand to grow in 2024, but only slowly

bne IntelliNews February 12, 2024

Hydrogen production and use are expected to grow in 2024, but it remains very expensive to produce and transport, making progress slow.

Oil and gas companies to invest over $1 trillion in the next decade expanding production

bne IntelliNews February 12, 2024

A report from climate campaign group Global Witness reveals that the fossil fuel sector is anticipated to allocate more than $1 trillion worldwide over the next decade for the expansion of natural gas production.

Hungarian CPI falls below 4% tolerance band of MNB after 34 months

Tamas Csonka in Budapest February 11, 2024

Inflation in Hungary dropped from 5.5% to 3.8% in January.

Magyar Suzuki reaches 4 millionth vehicle milestone

bne IntelliNews February 11, 2024

Japanese carmaker Suzuki marked the production of its 4 millionth vehicle, a Vitara GLX, at its plant in Esztergom, northern Hungary.

Orban sacrifices president and former justice minister in paedophile cover-up case

Tamas Csonka in Budapest February 11, 2024

Hungarian premier loses his top female henchmen to quell one of his regime's biggest crises.

Orban tries to calm outcry over president’s pardon in paedophile case

Tamas Csonka in Budapest February 9, 2024

The scandal has wrecked the ruling Fidesz party's carefully burnished image as a defender of the family and children against Western Europen "gender ideologies".

Hungary’s oil giant buys Viktor Orban favourite childhood football club

bne IntelliNews February 8, 2024

Hungary's MOL Group has agreed to acquire a majority stake in Budapest-based Ujpest football club from Belgian businessman Roderick Duchatelet.

European Commission launches infringement procedure against Hungary over sovereignty law

Tamas Csonka in Budapest February 7, 2024

Fidesz is using the legislation to cut off opposition from foreign financing sources, be it micro-donations from private individuals or other larger funding from foreign donors ahead of the 2024 local government and EP elections.