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.
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.
Magyar drew an estimated 30-40,000 people, compared to Prime Minister Viktor Orban’s 20,000 on day of commemoration of 1848 revolution.
Government may be preparing to retreat due to reactions in the financial markets to perceived threat to central bank independence.
Hungarian PM Viktor Orban’s close ties with leaders of Serbia and Bosnia’s Republika Srpska have encouraged nationalism and authoritarian tendencies with negative consequences for stability, says paper published by EPC.
Peter Magyar, who burst into the public eye over the Fidesz paedophile pardon scandal, has made incendiary comments about the inner workings of the government.
The apparent threats to central bank independence are now worrying markets and the European Central Bank.
The plan would transform a 130-hectare train station yard in a northern part of the capital into a new city quarter with tourism, economic, business and sports functions.
Hungary’s economy contracted 0.9% in 2023, ranking the country among the laggards in the EU.
Economists say the infighting within the Orban regime is unnerving investors and hurting the currency, given the ongoing freezing of EU funds because of its violations of the rule of law.
European arms imports were up by 94% in 2019-23, as Ukraine's allies send military aid while also arming themselves, says new SIPRI report.
Leaked emails reveals how former premier wanted to target foreign minister's family.
"The world would be better, and it would be better for Hungary if President Donald Trump returned to power," Hungarian premier declares.
Hungary's inflation slowed to 3.7% in February, down from 3.8% in the previous month.
Hungary's cash flow-based general government deficit reached HUF1.7 trillion (€4.3bn) at the end of February, which accounts for roughly 70% of the HUF2.5 trillion full-year target.
Countries in Central and Eastern Europe and Eurasia have a lower gender gap than the global average but only Latvian women have equal legal standing with men.
Hungarian delay in Sweden's Nato membership has already strained ties with allies, undermined the country’s credibility and reinforced views that Prime Minister Viktor Orban serves Russian interests.
OFAC says companies in Hungary and North Macedonia sanctioned for developing Intellexa's Predator spyware.