Hungary
Warning of new ice age in Europe as currents in the Atlantic approach a catastrophic tipping point
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
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
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
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
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
Inflation in Hungary dropped from 5.5% to 3.8% in January.
Magyar Suzuki reaches 4 millionth vehicle milestone
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
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
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
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
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.
Czechia and Hungary block EU sanctions against Israeli settlers
Leading Czech figures sign open letter to the government to change its pro-Israel stance and stop ignoring the humanitarian catastrophe in the Gaza Strip.
Hungary’s retail sales deliver positive surprise in December
Decline slowed to 1%, the best monthly figure for the year.
US ambassador sends stark message to Orban after Fidesz boycotts vote on Swedish Nato membership
Sweden's accession to Nato is an issue that directly affects the national security of the United States and the security of the alliance as a whole, says Pressman.
VISEGRAD BLOG: Orban folds after EU leaders call his bluff
The European Council Summit this week was a comprehensive defeat for Hungarian strongman Viktor Orban.
Orban tries to save face after EU summit
Hungarian Prime Minister Viktor Orban was given assurances that the question of Budapest's blocked funds, around €22bn, would be handled impartially.
Orban backs down again and lets Ukraine aid go ahead
The Hungarian strongman had come under huge pressure since he vetoed the EU package at a summit before Christmas.
CEE’s logistic giant building new base near CATL and BMW factories in eastern Hungary
Hungarian logistics company Waberer's is building a 20,000-sqm logistics centre in one of the most dynamic regions in eastern Hungary to serve the needs of automotive suppliers,
Orban set to compromise on EU's Ukraine financing deal
Amid both threats and signs of flexibility from the EU, the Hungarian premier is expected to drop his veto of the €50bn package.
Hungary’s central bank opts for smaller-than-expected rate cut amid rising risks
MNB says risks surrounding global disinflation and volatility in international investor sentiment led the rate cut to be limited to 75bp.