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Hungary

Brazil police investigate Bolsonaro’s stay in February at Hungary embassy -source

March 26, 2024
Brazil police investigate bolsonaro's stay in february at hungary embassy -source - photo licensed by shore news network.

By Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – Brazilian police are investigating why former president Jair Bolsonaro spent two nights at the Hungarian embassy …

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Hungary Gives Nod To Sweden’s NATO Bid After Months Of Holding Out

February 24, 2024

Hungary Gives Nod To Sweden’s NATO Bid After Months Of Holding Out Jake Smith on February 23, 2024 Hungary has given the go-ahead for Sweden …

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US senators to visit Hungary pushing Sweden’s NATO bid

February 16, 2024
Us senators to visit hungary pushing sweden's nato bid - photo licensed by shore news network.

BUDAPEST (Reuters) – A bipartisan U.S. Congressional delegation will visit Hungary on Sunday as pressure grows on Budapest to ratify Sweden’s NATO membership when parliament reconvenes …

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Hungary minister expects decision next week about new reference rate

January 28, 2024January 28, 2024
Hungary minister expects decision next week about new reference rate - photo licensed by shore news network.

BUDAPEST (Reuters) – Hungary will decide in coming days on whether to proceed with a technical change in the calculation of loan repayment rates, intended …

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Hungary central bank says government lending rate plan is ‘misguided’

January 25, 2024

By Gergely Szakacs and Anita Komuves BUDAPEST (Reuters) – Hungary’s central bank on Thursday criticised a government proposal to replace interbank rates with Treasury bill …

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Hungary finance minister says inflation sensitive to global economic shocks

January 20, 2024January 20, 2024
Hungary finance minister says inflation sensitive to global economic shocks - photo licensed by shore news network.

BUDAPEST (Reuters) – Hungary’s finance minister on Saturday warned against complacency despite a sharp fall in the European Union’s highest inflation rate, saying any new …

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EU lawmakers urge pressure on Hungary to respect rule of law

January 12, 2024January 12, 2024
Eu lawmakers urge pressure on hungary to respect rule of law - photo licensed by shore news network.

By Gabriela Baczynska BRUSSELS (Reuters) – A group of EU lawmakers called on member states’ governments on Friday to punish Hungary’s Viktor Orban for damaging …

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Hungary takes aim at ‘shrinkflation’ with mandatory price warnings

January 8, 2024January 8, 2024
Hungary takes aim at 'shrinkflation' with mandatory price warnings - photo licensed by shore news network.

BUDAPEST (Reuters) – Hungary’s government will require large food retailers from March to display price warnings on products that have shrunk in size, the Economy …

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Hungary passes ‘sovereignty’ law as Orban steps up campaign

December 12, 2023
Hungary passes 'sovereignty' law as orban steps up campaign - photo licensed by shore news network.

By Boldizsar Gyori BUDAPEST (Reuters) – Hungary’s parliament passed a law in parliament on “protecting national sovereignty” on Tuesday to defend against what the ruling …

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EU aims to grant Ukraine aid even if Hungary vetoes it at coming summit

December 8, 2023December 8, 2023
Eu aims to grant ukraine aid even if hungary vetoes it at coming summit - photo licensed by shore news network.

By Gabriela Baczynska and Andrew Gray BRUSSELS (Reuters) -The European Union will find ways to provide more financial support to Ukraine even if Hungary vetoes …

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EU stats office in talks with Hungary over inflation calculations

December 7, 2023

By Gergely Szakacs BUDAPEST (Reuters) – The EU’s statistics agency said on Thursday it was in talks with Hungary’s main data body over how energy …

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US is “confident” Sweden will soon join NATO – US envoy to Hungary

November 16, 2023

BUDAPEST (Reuters) – The United States is “confident” that Sweden will soon be a member of NATO, the U.S. ambassador to Hungary said on Thursday, …

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China EV maker BYD to build first Europe plant in Hungary -FAS

November 4, 2023
China ev maker byd to build first europe plant in hungary -fas - photo licensed by shore news network.

FRANKFURT (Reuters) – Chinese electric vehicle giant BYD plans to build its first European car factory in Hungary, a German newspaper reported on Saturday. The …

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Hungary raises deficit gap, puts pressure on banks to boost lending

October 3, 2023October 3, 2023
Hungary raises deficit gap, puts pressure on banks to boost lending - photo licensed by shore news network.

BUDAPEST (Reuters) – Hungary’s government has raised the 2023 budget deficit target to 5.2% of economic output from 3.9%, the finance ministry said on Tuesday, …

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Analysis-Von der Leyen talks up Ukraine’s EU prospects but Hungary seen as stumbling block

September 13, 2023
Analysis-von der leyen talks up ukraine's eu prospects but hungary seen as stumbling block - photo licensed by shore news network.

By Gabriela Baczynska and Andrew Gray BRUSSELS (Reuters) – EU chief Ursula von der Leyen set out a vision on Wednesday of an enlarged European …

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Serbian police step up migration patrols on border with Hungary

September 13, 2023September 13, 2023
Serbian police step up migration patrols on border with hungary - photo licensed by shore news network.

SUBOTICA, Serbia (Reuters) – Serbia has sent special forces to the border with Hungary as hundreds of migrants a day try to reach the European …

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US tightens conditions of Visa Waiver Program for Hungary

August 1, 2023

By Krisztina Than BUDAPEST (Reuters) – The United States imposed restrictions for Hungarian passport holders under its Visa Waiver Program on Tuesday, saying Budapest has …

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Exclusive-EU’s highest inflation to slow to 7-8% by Dec – Hungary finance minister

July 20, 2023
Exclusive-eu's highest inflation to slow to 7-8% by dec - hungary finance minister - photo licensed by shore news network.

By Krisztina Than and Gergely Szakacs BUDAPEST (Reuters) – Hungary’s annual inflation will slow to 7-8% by December from 20.1% in June, helping the economy …

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Hungary foreign minister says he was in touch with Turkey on Sweden’s NATO bid

July 4, 2023July 4, 2023
Hungary foreign minister says he was in touch with turkey on sweden's nato bid - photo licensed by shore news network.

By Boldizsar Gyori BUDAPEST (Reuters) – Hungary’s foreign minister said on Tuesday that he had been in touch with his Turkish counterpart about a ratification …

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Hungary cenbank to cut one-day depo rate by another 100 bps next week: Reuters poll

June 16, 2023June 16, 2023
Hungary cenbank to cut one-day depo rate by another 100 bps next week: reuters poll - photo licensed by shore news network.

By Gergely Szakacs BUDAPEST (Reuters) – Hungary’s central bank is expected to cut its key one-day deposit rate again next week, a Reuters poll showed, …

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Hungary cbank chief sees chance for euro adoption only after 2030

June 2, 2023
Hungary cbank chief sees chance for euro adoption only after 2030 - photo licensed by shore news network.

BUDAPEST (Reuters) – Hungary should not consider adopting the euro before 2030 as joining the single currency zone before its economy is duly prepared would …

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ECB says Hungary govt decree has impaired cenbank independence

April 26, 2023
Ecb says hungary govt decree has impaired cenbank independence - photo licensed by shore news network.

BUDAPEST (Reuters) – Hungary’s government has infringed the National Bank of Hungary’s (NBH) independence with a decree restricting access to the bank’s discount bill and …

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Hungary central bank to leave base rate steady at 13% next week – Reuters poll

April 21, 2023
Hungary central bank to leave base rate steady at 13% next week - reuters poll - photo licensed by shore news network.

By Gergely Szakacs BUDAPEST (Reuters) – The National Bank of Hungary is expected to leave its base rate steady at 13% at next Tuesday’s policy …

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Poland, Hungary ban grain and food imports from Ukraine; Kyiv unhappy

April 15, 2023
Poland, hungary ban grain and food imports from ukraine; kyiv unhappy - photo licensed by shore news network.

WARSAW/BUDAPEST (Reuters) -Poland and Hungary have decided to ban imports of grain and other food from neighbouring Ukraine to protect the local agricultural sector, the …

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Hungary quit Russian bank as U.S. sanctions ‘ruined’ it, PM Orban says as relations worsen

April 14, 2023
Hungary quit russian bank as u. S. Sanctions 'ruined' it, pm orban says as relations worsen - photo licensed by shore news network.

BUDAPEST (Reuters) – Hungary abandoned a Budapest-based Russian bank this week because U.S. sanctions had “ruined” it, Prime Minister Viktor Orban said on Friday, adding …

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Hungary parliament backs Finland’s NATO accession, Swedish bid pending

March 27, 2023
Hungary parliament backs finland's nato accession, swedish bid pending - photo licensed by shore news network.

By Krisztina Than BUDAPEST (Reuters) – Hungary’s parliament approved a bill on Monday to allow Finland to join NATO once its application has been ratified …

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Hungary flags further possible delay in access to EU funds -report

February 20, 2023
Hungary flags further possible delay in access to eu funds -report - photo licensed by shore news network.

BUDAPEST (Reuters) – Hungary’s European Union funds negotiator on Monday flagged a further possible delay in access to billions of euros of recovery money, saying …

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Ukraine tells Hungary ‘anti-Ukrainian rhetoric’ must stop

January 31, 2023
Ukraine tells hungary 'anti-ukrainian rhetoric' must stop - photo licensed by shore news network.

KYIV (Reuters) – Ukraine protested to Hungary’s ambassador on Tuesday over “disparaging” comments made by Hungarian Prime Minister Viktor Orban, and urged Budapest to stop …

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Hungary cbank could start “cautious” rate cuts once CPI slows – minister

January 29, 2023
Hungary cbank could start "cautious" rate cuts once cpi slows - minister - photo licensed by shore news network.

BUDAPEST (Reuters) – Hungary’s January annual inflation is expected to rise above 25% but in February price growth will start slowing which could then allow …

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Hungary central bank seen keeping its guard up as inflation risks mount: Reuters poll

January 20, 2023
Hungary central bank seen keeping its guard up as inflation risks mount: reuters poll - photo licensed by shore news network.

By Krisztina Than BUDAPEST (Reuters) – Hungary’s central bank is expected to leave its base rate unchanged at 13% next Tuesday, the highest in the …

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Hungary exempts sale of local Vodafone unit from competition scrutiny

January 10, 2023January 10, 2023
Hungary exempts sale of local vodafone unit from competition scrutiny - photo licensed by shore news network.

BUDAPEST (Reuters) -Hungary’s government has declared local IT firm 4iG’s purchase of a 51% stake in Vodafone’s Hungarian unit a transaction of national strategic interest, …

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Hungary imposes windfall tax on drug producers to plug budget gap

December 24, 2022

BUDAPEST (Reuters) -Hungary’s government has imposed a windfall tax on drug producers based on net revenues generated in 2022 and 2023, as it tries to …

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Hungary central bank to keep EU’s highest rate steady as inflation shows no respite

December 16, 2022
Hungary central bank to keep eu's highest rate steady as inflation shows no respite - photo licensed by shore news network.

By Gergely Szakacs BUDAPEST (Reuters) – Hungary’s central bank is likely to leave its base rate unchanged at 13% next Tuesday, the highest in the …

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‘Immoral’ for Hungary to hold up EU financing deal for Ukraine – Lithuania

December 5, 2022

By Jan Strupczewski BRUSSELS (Reuters) – It is “immoral” for Hungary to hold up a European Union deal on 2023 financing for Ukraine to extract …

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Hungary expects EU to approve its recovery plan next month: minister

November 29, 2022November 29, 2022
Hungary expects eu to approve its recovery plan next month: minister - photo licensed by shore news network.

BUDAPEST (Reuters) – Hungary’s government expects its recovery fund plan to be approved by EU finance ministers at an Ecofin meeting on Dec. 12, its …

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Hungary complains to EU about Ukrainian law’s impact on some firms

November 25, 2022November 25, 2022
Hungary complains to eu about ukrainian law's impact on some firms - photo licensed by shore news network.

(Reuters) – Hungary’s foreign minister said on Friday it has complained to the European Union alleging that Ukraine is making business harder for its companies …

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Hungary caps interest rates on large commercial bank deposits

November 21, 2022
Hungary caps interest rates on large commercial bank deposits - photo licensed by shore news network.

BUDAPEST (Reuters) -Commercial banks in Hungary cannot pay an interest rate higher than the three-month discount bill yield on deposits by certain large institutional and …

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Hungary aiming to prevent economy sliding into recession, Orban says

November 18, 2022
Hungary aiming to prevent economy sliding into recession, orban says - photo licensed by shore news network.

BUDAPEST (Reuters) -Hungary is aiming to prevent its economy sliding into recession, Prime Minister Viktor Orban said on Friday after data this week showed the …

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Hungary govt sees ‘good chance’ for deal on EU funds within weeks

November 16, 2022
Hungary govt sees 'good chance' for deal on eu funds within weeks - photo licensed by shore news network.

BUDAPEST (Reuters) -Hungary’s government is doing its best to meet its commitments to Brussels and there is a “good chance” of sealing a deal on …

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EU says Hungary made ‘significant step’ to get recovery funds – source

November 11, 2022
Eu says hungary made 'significant step' to get recovery funds - source - photo licensed by shore news network.

By Gabriela Baczynska BRUSSELS (Reuters) – Hungary made a “significant step” towards securing billions in economic stimulus funds by accepting European Union demands on the …

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Hungary picks PwC partner to lead new anti-graft body overseeing EU funds

November 4, 2022November 4, 2022
Hungary picks pwc partner to lead new anti-graft body overseeing eu funds - photo licensed by shore news network.

BUDAPEST (Reuters) – Hungary’s State Audit Office has picked PricewaterhouseCoopers forensic partner Ferenc Biro to lead a new anti-graft body to be launched by mid-November …

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Hungary government expands scheme that caps mortgage rates – govt decree

October 15, 2022

BUDAPEST (Reuters) – Hungary’s government has expanded its existing scheme that caps mortgage rates effective Nov. 1 to include mortgages carrying fixed interest rates up …

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Hungary passes anti-graft law to avoid loss of EU funds

October 3, 2022October 3, 2022
Hungary passes anti-graft law to avoid loss of eu funds - photo licensed by shore news network.

By Krisztina Than and Gabriela Baczynska BUDAPEST/BRUSSELS (Reuters) -Hungary’s parliament passed the first of a series of anti-corruption bills on Monday as Budapest seeks to …

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Hungary submits new anti-graft bills to avoid loss of EU funds

September 23, 2022September 23, 2022
Hungary submits new anti-graft bills to avoid loss of eu funds - photo licensed by shore news network.

By Krisztina Than BUDAPEST (Reuters) – Hungary’s government submitted a second batch of anti-corruption bills to the country’s parliament on Friday as Budapest ramps up …

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Hungary central bank seen hiking rate by 100 bps to 12.75% – Reuters poll

September 23, 2022
Hungary central bank seen hiking rate by 100 bps to 12. 75% - reuters poll - photo licensed by shore news network.

By Gergely Szakacs BUDAPEST (Reuters) – The National Bank of Hungary is likely to raise its base rate by another 100 basis points to 12.75% …

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Hungary central bank could end rate rise cycle after September -deputy governor Virag

September 22, 2022
Hungary central bank could end rate rise cycle after september -deputy governor virag - photo licensed by shore news network.

SZEGED, Hungary (Reuters) – Hungary’s central bank could consider ending its more than one-year-long cycle of interest rate rises after next Tuesday’s meeting when rates …

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Hungary government submits first anti-graft bill to avoid losing EU funds

September 19, 2022
Hungary government submits first anti-graft bill to avoid losing eu funds - photo licensed by shore news network.

By Krisztina Than BUDAPEST (Reuters) -Hungary’s government has submitted the first of several anti-corruption bills to parliament on Monday as Budapest scrambles to avoid losing …

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Hungary extends energy and food price caps amid soaring inflation

September 17, 2022
Hungary extends energy and food price caps amid soaring inflation - photo licensed by shore news network.

BUDAPEST (Reuters) -Hungary has extended price caps on fuels and basic foodstuff by three months until the end of the year in a bid to …

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Hungary cenbank seen hiking 100 bps to 11.75% next week as inflation surges

August 26, 2022
Hungary cenbank seen hiking 100 bps to 11. 75% next week as inflation surges - photo licensed by shore news network.

By Krisztina Than BUDAPEST (Reuters) – Hungary’s central bank is expected to raise its base interest rate by 100 basis points to 11.75% next Tuesday, …

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Hungary could finance Vodafone purchase with a loan

August 23, 2022
Hungary could finance vodafone purchase with a loan - photo licensed by shore news network.

BUDAPEST (Reuters) – Hungary could finance the acquisition of a 49% stake in the Hungarian business of Britain’s Vodafone from a loan, Prime Minister Viktor …

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