Hungary
VISEGRAD BLOG: Is illiberalism here to stay in Central Europe?
Several countries in Central Europe have gone a long way down the road of illiberalism, moving away from the practices of established democracies.
MOL warns of fuel delivery disruptions to Czechia
The head of MOL’s Czech subsidiary has warned of potential disruptions to fuel deliveries after the EU's exemption on the import of Russian oil-derived products expires in December.
China Development Bank chief discusses joint projects in Hungary
Hungary has become the number one destination for Chinese investments in Central and Eastern Europe.
Central and Southeastern Europe defies German economic weakness
The wiiw autumn forecast warns that not all of the recession in the German automotive industry has so far been felt in Central Europe and further difficulties should be expected.
Hungary’s industrial performance among weakest in EU in August
Output in Hungary fell 4.1% y/y and 0.5% m/m.
Don't hold your breath for Central Europe to give up Russian oil any time soon
Hungary and Slovakia’s reluctance to quit Russian oil is consistent with their broader defence of continued economic ties with Russia.
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Iran summons Hungarian ambassador over new EU sanctions
Iran summoned the Hungarian ambassador to Tehran on October 15 to protest against new European Union sanctions on Iranian individuals and entities, the Iranian foreign ministry announced.
Hungarian government to unveil economic action plan to boost faltering growth
The package will focus on ensuring affordable housing, rapid wage convergence, and supporting SMEs, in order to boost an economy that is rebounding slower than expected from last year’s recession.
Viktor Orban’s propaganda machine sinks to new low and gets absurdly personal with focus on Peter Magyar’s groin
The close-up picture of Peter Magyar's crotch has become a mainstream story in pro-government media, just a day after the EP debate on October 9.
Gazprom signs MoU on boosting gas supply to Hungary
Despite the EU pushing to eliminate Russian gas imports by 2027, Hungary is increasing rather than decreasing its dependence on Russian supplies.
Hungarian inflation drops to a 44-month low in September
Consumer prices rose 3% year on year (chart) in September, the lowest figure since January 2021, driven by the decline of fuel prices, according to monthly data by statistics office KSH. The figures were slightly lower than the consensus.
Hungary approves €35bn EU loan package for Ukraine
However, Hungary and Slovakia continue to block the freezing of Russian assets in Europe for 36 months, which looks likely to rule out US participation in the G7 initiative.
Orban mauled in European Parliament 'intifada'
Von der Leyen accuses Hungarian premier of engaging in "rogue diplomacy" with his unsanctioned visits to Kyiv, Moscow, and Beijing, calling his peace efforts a "propaganda show for autocrats".
Temu sales soar to make it clear leader in Hungarian e-commerce market
Chinese giant is on track to generate €330mn in revenue from Hungary in 2024, according to GKID research.
'We both know that it is over,' Hungarian opposition leader taunts Orban in EP debate
The debate was highly anticipated, as it marked the first occasion for the up and coming head of the Tisza Party to confront the prime minister directly.
Ukraine can’t win on the battlefield, Orban tells press conference
Hungarian premier also proposes regular meetings of Schengen country leaders to discuss migration issues.
Hungarian retail sales show signs of rebound in August
Retail sales in Hungary rose 3.2% year-on-year in August and by 4.1% when adjusted for calendar year effects.
Hungary seeks opt-out from EU’s asylum and migration regulations
Hungary has formally requested an exemption from EU asylum and migration regulations, Minister for European Union Affairs János Boka announced in a Facebook post on October 7.
EC sends formal notice to Hungary over windfall tax on retailers
European Commission also to take Hungary to the European Court of Justice over its sovereignty protection law.
Hungarian government summons German ambassador after joint démarche by Germany and France over comments by political advisor
Hungary has summoned German ambassador Julia Gross, after Germany and France issued a joint démarche to the Ministry of Foreign Affairs over a controversial statement by Viktor Orban's political director and chief advisor Balazs Orban (namesake).