Hungary Gives Nod To Sweden’s NATO Bid After Months Of Holding Out
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 to join NATO after holding out for…
Hungary central bank says government lending rate plan is ‘misguided’
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 yields as the main, much lower reference…
Hungary finance minister says inflation sensitive to global economic shocks
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 supply shock to the global economy could…
EU lawmakers urge pressure on Hungary to respect rule of law
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 democracy at home by moving one step…
Hungary takes aim at ‘shrinkflation’ with mandatory price warnings
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 Ministry said on Monday. Hungary’s inflation rate…
Hungary passes ‘sovereignty’ law as Orban steps up campaign
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 Fidesz party called undue political interference by…
EU aims to grant Ukraine aid even if Hungary vetoes it at coming summit
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 it as well as membership talks for…
EU stats office in talks with Hungary over inflation calculations
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 inflation was calculated, days after two local…
US is “confident” Sweden will soon join NATO – US envoy to Hungary
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, adding he had been assured by the…
China EV maker BYD to build first Europe plant in Hungary -FAS
FRANKFURT (Reuters) – Chinese electric vehicle giant BYD plans to build its first European car factory in Hungary, a German newspaper reported on Saturday. The Frankfurter Allgemeine Sonntagszeitung (FAS), citing unnamed sources…
Hungary raises deficit gap, puts pressure on banks to boost lending
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, citing increased spending on pensions, energy subsidies…
Analysis-Von der Leyen talks up Ukraine’s EU prospects but Hungary seen as stumbling block
By Gabriela Baczynska and Andrew Gray BRUSSELS (Reuters) – EU chief Ursula von der Leyen set out a vision on Wednesday of an enlarged European Union that would include Ukraine – but…
Serbian police step up migration patrols on border with Hungary
SUBOTICA, Serbia (Reuters) – Serbia has sent special forces to the border with Hungary as hundreds of migrants a day try to reach the European Union. With Serbia on the main route…
US tightens conditions of Visa Waiver Program for Hungary
By Krisztina Than BUDAPEST (Reuters) – The United States imposed restrictions for Hungarian passport holders under its Visa Waiver Program on Tuesday, saying Budapest has not addressed security vulnerabilities repeatedly raised by…
Exclusive-EU’s highest inflation to slow to 7-8% by Dec – Hungary finance minister
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 rebound, Finance Minister Mihaly Varga told Reuters,…
Hungary foreign minister says he was in touch with Turkey on Sweden’s NATO bid
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 of Sweden’s NATO membership and if there…
Hungary cenbank to cut one-day depo rate by another 100 bps next week: Reuters poll
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, as inflation cooled more than expected and…
Hungary cbank chief sees chance for euro adoption only after 2030
BUDAPEST (Reuters) – Hungary should not consider adopting the euro before 2030 as joining the single currency zone before its economy is duly prepared would backfire, central bank governor Gyorgy Matolcsy said…
ECB says Hungary govt decree has impaired cenbank independence
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 by extending a cap on large commercial…
Hungary central bank to leave base rate steady at 13% next week – Reuters poll
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 meeting, where the bank has flagged a…
Poland, Hungary ban grain and food imports from Ukraine; Kyiv unhappy
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 two governments said on Saturday, after a…
Hungary quit Russian bank as U.S. sanctions ‘ruined’ it, PM Orban says as relations worsen
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 that Hungary would comply with sanctions on…
Hungary parliament backs Finland’s NATO accession, Swedish bid pending
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 by all 30 members of the alliance,…
Hungary flags further possible delay in access to EU funds -report
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 ironing out remaining issues with Brussels over…
Ukraine tells Hungary ‘anti-Ukrainian rhetoric’ must stop
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 what it called anti-Ukrainian rhetoric. The envoy…
Hungary cbank could start “cautious” rate cuts once CPI slows – minister
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 the central bank to gradually start reducing…
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