Hungary
COMMENT: Trump’s tariff drive hits emerging markets as growth and inflation forecasts slide – Oxford Economics
President Donald Trump’s aggressive trade policies are already casting a long shadow over emerging market economies, with analysts cutting growth forecasts and warning of prolonged investment uncertainty and policy disruption.
EU allies prepared to back Moldova’s EU accession bid without Ukraine if Hungary’s veto not lifted
EU member states most supportive of Ukraine are ready to move forward with accession talks for Moldova without Ukraine, if Hungary continues to block progress for Kyiv.
UK insect numbers plummet by two thirds in three years, Bugs Matter survey shows
The population of flying insects in the United Kingdom has fallen by two thirds in just three years, according to new findings from a nationwide “Bugs Matter” citizen survey, raising alarm among ecologists and conservation groups.
Hungarian Commissioner delays EU plan to curb Russian energy dependence
Hungary's EU Commissioner Oliver Várhelyi raised a last-minute objection to delay the approval of the EU's roadmap for ending the bloc's Russian energy reliance.
Hungary's Fiscal Council raises red flag over government 2026 draft budget plans
Hungary's Fiscal Council has raised concerns over the government's draft budget for 2026, warning that it rests on overly optimistic growth assumptions and contains multiple risks.
Hungary requests activation of national escape clause
Hungary is one of a dozen EU members to have formally requested the activation of the national escape clause under the bloc's Stability and Growth Pact, according to a statement by the European Commission.
MOL and TPAO bring upstream partnership to Hungary
Hungarian oil and gas company MOL and Turkish peer TPAO are partnering on hydrocarbon exploration and production in the west of Hungary, Minister of Foreign Affairs and Trade Peter Szijjarto said.
EU swaps China for Russia in procurement of rare earth metals
The EU is increasingly turning to China to source hard-to-find rare earth metals and dropping previous import deals with Russia.
Hungary’s economy contracts in Q1, casting doubt on government’s growth targets
Hungary’s economy stagnated in Q1 2025 and fell 0.4% year on year (chart) according to seasonally adjusted data, dealing a blow to Prime Minister Viktor Orbán’s earlier pledges of a growth “explosion” at the start of the year.
Hungarian policymakers keep rates on hold at 6.5%
The Monetary Council of the National Bank left the base rate unchanged at 6.5% with the overnight deposit and lending rates maintained at 5.50% and 7.50% respectively at a monthly policy meeting on April 29, in line with expectations.
Hungary faces potential EU legal action for quitting ICC
Hungary may face infringement proceedings from the European Commission after announcing to withdraw from the International Criminal Court, a move that could breach EU law despite the ICC not being an EU institution.
Trump policies won’t harm Emerging Europe badly – and will actively benefit Russia
Latest wiiw forecasts show little direct impact on Central and Southeast Europe from Trump trade wars.
Hungarian analysts are split on MNB’s future course as rate hold looks imminent
The National Bank is widely expected to leave its benchmark interest rate unchanged at 6.5% at Tuesday's policy meeting, but analysts are split on the course of monetary policy for the remainder of the year.
Hungarian opposition MPs banned from Parliament for first time since regime change
Hungary’s parliament on April 28 approved the suspension of six opposition lawmakers for their role in the chaotic March 18 session, when they protested against legislation restricting assembly rights, specifically banning Budapest Pride.
Hungary and Slovakia warn EU against scrapping unanimity rule over Ukraine membership bid
The leaders of Hungary and Slovakia warned on April 28 against changing the European Union’s unanimity rule, after proposals emerged to bypass their opposition to Ukraine’s EU accession bid.
Donald Trump Jr. tells business forum in Budapest: My job is to connect governments and the private sector
Donald Trump Jr has hailed the strong personal relationship between Hungarian Prime Minister Viktor Orban and US President Donald Trump as a potential foundation for deepening economic ties between the two countries.
OTP’s AGM approves record dividend, board decides to split CEO and chairman posts
The board of OTP Bank, Hungary's biggest commercial lender, has decided to split the roles of chairman and CEO effective May 1, chairman-CEO Sandor Csanyi told shareholders at the AGM on April 24.
Hungary’s commercial property market poised for recovery, National Bank says
The decline in valuation on Hungary's commercial property market came to a halt from Q2 2024 following a prolonged downturn, but weak GDP growth and high investor uncertainty continue to weigh on recovery prospects.
Donald Trump Jr. heads to Budapest in push to expand Trump family's business ties in CEE
Donald Trump Jr., the eldest son of the US president, is set to visit Budapest this Friday as part of a regional tour aimed at deepening the Trump family's commercial footprint in Central and Eastern Europe.
Incoming German government compromises on carbon offsets to boost flagging economy
Germany’s incoming government has conditionally endorsed the European Union’s proposed 2040 climate goal and backed the EC's recommended 90% emissions reduction target but only if international carbon offsets and carbon removals are permitted.