Hungary
Germany’s gas grid operators warn they may fail to secure suffiencent supplies to make it through the coming winter
Germany’s gas grid operators have warned that current market conditions and storage rules may be insufficient to secure supplies through the coming winter.
The Iberian blackout was a grid failure, not a renewables failure
When the lights went out across almost all of Spain and Portugal last year in one of the biggest blackouts since the war, experts quickly blamed the explosion of renewable generating capacity as the cause. They were partly right.
Hungarian central bank remains cautious, keeps base rate on hold at 6.25%
MNB says global risks remain elevated due to energy and commodity price volatility and disruption in global supply chains.
Eastern EU faces mounting demographic strain as populations shrink and age, Eurostat says
While the EU’s total population rose slightly, many eastern member states continued to lose population over the longer term through emigration, low fertility and high mortality rates.
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Hungary in talks to buy 1bn cubic metres of Romanian Black Sea gas annually
Hungary's new government is expected to decide within weeks on a contract to buy 1bn cubic metres of gas annually from Romania's Neptun Deep Black Sea field, Index has reported, citing informed sources.
American Airlines relaunches transatlantic flight to Budapest after six years
American Airlines has launched direct flights from Philadelphia to Budapest, resuming transatlantic flights after a six-year hiatus.
Explosion at MOL’s petrochemical base kills one person
An explosion during a restart operation at a MOL petrochemical plant left one person dead and several seriously injured, in the second major incident at MOL's Hungairan units in less than a year.
EU’s foreign policy boss Kallas is undermining Europe’s credibility
Kaja Kallas has done it again. The EU’s top foreign policy high representative called China a “cancer” that needs decisive treatment with chemotherapy rather than temporary relief with morphine.
ASH: UK cocks up on Russian sanctions
At the least a PR disaster for the UK around its Russia sanctions regime. At the worst the UK has been pushed by Trump’s war on Iran to easing up sanctions on Russia.
Peter Magyar receives cordial welcome in Poland during first official visit as prime minister
Hungary's new prime minister's first trip after taking his oath was to Poland, to restore strained Hungarian-Polish relations.
Poland offers energy help to wean Hungary off Russia
Polish Prime Minister Donald Tusk and Hungary's Prime Minister Péter Magyar pledged to work together to advance shared interests in EU and revive CEE's clout.
Hungary aims to revive V4 cooperation, Peter Magyar says in first foreign trip to Poland
Hungary wants to revive and strengthen the Visegrad Group cooperation based on the long-standing friendship between Hungary and Poland, Prime Minister Peter Magyar said in Krakow.
Serbia to submit final NIS proposal to MOL as talks near deadline
MOL has been in exclusive talks to acquire a 56.15% stake in NIS from Russia’s Gazprom Neft and Gazprom, which are under pressure to divest following US sanctions imposed in 2025.
Hungary's Orban government sealed mega defence contract with 4iG ahead of election
New PM Peter Magyar says deal was signed secretly one month before the general election that ousted Viktor Orban's Fidesz.
Germany revamps its energy laws, but risks locking itself into decades of costly gas import dependence
Germany risks locking itself into decades of costly gas import dependence unless policymakers give battery storage equal treatment in upcoming power market reforms, energy think-tank Ember has warned.
Hungary FX swap move sends forint lower as exporters warn of competitiveness squeeze
Decision to reduce maximum allowable swappoints increases the likelihood of earlier-than-expected interest rate cuts, potentially within months.
Serbia dissatisfied with MOL’s revised NIS offer, talks to continue
Revised offer failed to address concerns over the Pancevo oil refinery and its role in supplying the domestic market, Energy Minister Dubravka Dedovic Handanovic said.
VISEGRAD BLOG: Hungary’s post-Orban reckoning
PM Peter Magyar pledged to dismantle the institutional and financial legacy of Viktor Orban’s 16-year rule, with implications beyond Hungary’s borders.
Hungary's new government formed in record time
Peter Magyar formally took office as Hungary's new prime minister after assembling a 16-member cabinet in a record 30 days following the parliamentary election.
Post-Orban Hungary turns inward: warmer on the EU, cooler on Ukraine, no break with Russia
Hungary’s new Prime Minister Peter Magyar has inherited a country that remains broadly supportive of closer ties with the European Union but is increasingly cautious about breaking with Russia or deepening support for Ukraine.