Hungary
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.
How Europe has weaned itself off Russian gas in the last three years
In 2021, Eastern European countries imported almost half of their gas from Russia. Only two countries in the region – Albania and Kosovo – were wholly independent of Russian gas.
COMMENT: Make no mistake: Trump’s tariff turmoil is a major economic crisis
A wave of erratic tariff announcements from the United States has further battered already the already weak Eurozone economic indicators, with last week's sharp decline in the ZEW Economic Sentiment Index collapsing further.
Hungary’s cardinal Peter Erdo seen as serious contender in next papal conclave
Cardinal Erdo has long been considered "papabile", a term used for cardinals seen as viable candidates for the post. His name has surfaced prominently in discussions surrounding the upcoming conclave.
Hungary channels close to €4bn in subsidies to EV battery industry
Hungary's government has confirmed it has poured HUF1.5 trillion (€3.8bn) into its electric vehicle battery sector, evenly split between direct subsidies and infrastructure development.
Hungarian PM Orban’s line on Ukraine hardening as Trump tries to bully the EU into making concessions to Russian demands
Hungarian Prime Minister Viktor Orbán’s opposition to Ukraine joining the European Union is intensifying, bolstered by US President Donald Trump, who has upended Western support for Kyiv.
Hungary sets out 2026 budget blueprint with ambitious 4.1% growth target
Hungary's National Economy Minister has unveiled the main figures from the 2026 budget draft, while revising some of the 2025 budgetary targets.
Saab to open aerospace R&D hub in Budapest
The new centre will support high-end research and engineering tied to Gripen fighter jet programme, which has underpinned Hungary's air defence for over two decades.
LIBE’s fact-finding delegation in rule of law visit met with hostility from Hungarian officials
A delegation from the European Parliament's Civil Liberties Committee (LIBE) has wrapped up a three-day fact-finding mission in Budapest amid renewed concerns over Hungary's democratic standards and judicial independence.