Ukraine resumes Russian oil flows to Hungary, Slovakia as bills settle
(Reuters) – Oil flows have resumed from Russia to Hungary and Slovakia via the Ukrainian section of the Druzhba oil pipeline, Ukraine’s Naftogaz said on …
Hungary
EU gives Hungary a month to act before moving to suspend funds
By Jan Strupczewski BRUSSELS – The European Commission gave Hungary a final month to address its concerns about the rule of law before asking European …
Hungary approves 2023 budget and deficit cuts after pre-poll spending spree
By Krisztina Than and Anita Komuves BUDAPEST -Hungary’s parliament on Tuesday approved the 2023 budget, which sets out to reduce the budget deficit next year …
Hungary targets deal on EU development funds by autumn – minister
BUDAPEST – Hungary expects to sign an agreement with the European Union by the autumn over 22 billion euros ($23 billion) of development funds under …
EU to adopt minimum corporate tax with or without Hungary, says France
PARIS – EU member states will adopt plans for a minimum corporate tax rate in the bloc in the coming months regardless of whether holdout …
Audi to invest $320.2 million to boost electric engine output in Hungary
BUDAPEST – German carmaker Audi’s Hungarian unit will invest 120 billion forints ($320.2 million) to ramp up electric engine production at its factory in western …
Hungary blocks EU clearance of minimum corporate tax
LUXEMBOURG – Hungary has emerged as a late opponent to a global agreement on a minimum corporate tax rate, likely forcing European Union finance ministers …
Hungary extends food and fuel price caps until Oct amid surging inflation
BUDAPEST – Hungary’s government has extended a cap on some basic food and fuel prices until Oct. 1, while a cap on retail mortgage interest …
Hungary flags objections to EU implementation of global minimum tax
BUDAPEST – Hungary raised objections over the implementation of a global minimum tax in the European Union on Tuesday, saying it can only support a …
Hungary working to reach agreement on EU recovery funds by year end
BUDAPEST -Hungary is working to reach an agreement with the European Union by the end of the year on gaining access to billions of euros …
Hungary central bank raises 1-week depo rate to 6.75% as inflation battle hots up
BUDAPEST -Hungary’s central bank raised its one-week deposit rate by 30 basis points (bps) to 6.75% as expected on Thursday, as the bank continues to …
Hungary slaps $2.19 billion in new windfall taxes on banks, companies
BUDAPEST – Hungary will collect a total of 800 billion forints ($2.19 billion) annually this year and next from new windfall taxes imposed on banks, …
EU cracks widen over Ukraine as Italy, Hungary urge truce
By Francesco Guarascio BRUSSELS – Italy and Hungary have urged the EU to call explicitly for a ceasefire in Ukraine and peace talks with Russia, …
Hungary looks to boost domestic ownership in more key sectors -minister
BUDAPEST – Hungary should boost domestic ownership in more key sectors in addition to banking, media and energy, a cabinet minister-designate said on Wednesday, signalling …
Hungary says its backing of EU’s Russia oil ban hinges on hundreds of millions of dollars
By Krisztina Than and Marek Strzelecki BUDAPEST -Hungary upped the stakes in talks about European Union oil sanctions on Wednesday, saying a deal was out …
Hungary cenbank raised interest rates by 100 bps in unanimous April vote -minutes
BUDAPEST – Hungarian rate-setters voted unanimously to raise the base rate by 100 basis points to 5.4% on April 26, the minutes of the meeting …
Hungary digs heels in over EU embargo on Russian oil
By Gabriela Baczynska BRUSSELS – The European Union’s executive is looking to support Hungary in beefing up the eastern European state’s oil pipelines, storage and …
Hungary cannot support new EU sanctions against Russia in present form -PM Orban
BUDAPEST -Hungary cannot support the European Union’s new sanctions package, which includes an embargo on oil imports, in its present form, Prime Minister Viktor Orban …
Hungary, Slovakia to get end-2023 exception to Russian oil embargo – source
By Francesco Guarascio BRUSSELS – Hungary and Slovakia will be able to continue buying Russian crude oil until the end of 2023 under existing contracts, …
Hungary, Austria questioned EU blacklisting of Russia oligarchs – sources
By Francesco Guarascio BRUSSELS – Hungary and Austria questioned an EU decision to blacklist two Russian oligarchs but eventually accepted the move after pressure from …
Hungary says roubles-for-Russian gas plan breaches no EU sanctions
BUDAPEST – Hungary plans to pay for Russian gas in euros through Gazprombank, which will convert the payment into roubles to meet a new requirement …
Hungary ramps up rate hikes as war stokes inflation risks
By Gergely Szakacs and Krisztina Than BUDAPEST – The National Bank of Hungary raised its base rate by 100 basis points to 4.4% on Tuesday, …
Hungary central bank ready to act ‘at any moment’ to shore up markets
By Gergely Szakacs BUDAPEST – The National Bank of Hungary (NBH) is ready to intervene “at any moment” with all tools at its disposal to …
Hungary central bank raises one-week deposit rate by 30 bps to 4.6%
BUDAPEST – Hungary’s central bank raised its one-week deposit rate by 30 basis points to 4.6% at a weekly tender on Thursday, as expected, two …
EXCLUSIVE: Here’s Why Hungary Is Incentivizing Children, Marriage
The Hungarian government seeks to address declining birth rates in the country by incentivizing both marriage and larger families, Hungarian Minister for Families Katalin Novak …