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 seen keeping its guard up as inflation risks mount: Reuters poll
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 European Union, due to persistent inflation pressures…
Hungary exempts sale of local Vodafone unit from competition scrutiny
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, exempting the deal from competition scrutiny, according…
Hungary imposes windfall tax on drug producers to plug budget gap
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 plug holes in the state budget. According…
Hungary central bank to keep EU’s highest rate steady as inflation shows no respite
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 European Union, amid a continued rise in…
‘Immoral’ for Hungary to hold up EU financing deal for Ukraine – Lithuania
By Jan Strupczewski BRUSSELS (Reuters) – It is “immoral” for Hungary to hold up a European Union deal on 2023 financing for Ukraine to extract approval for Budapest’s recovery plan and billions…
Hungary expects EU to approve its recovery plan next month: minister
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 minister in charge of EU negotiations said…
Hungary complains to EU about Ukrainian law’s impact on some firms
(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 such as drugmaker Richter because they have…
Hungary caps interest rates on large commercial bank deposits
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 private investors, the Minister for Economic Development…
Hungary aiming to prevent economy sliding into recession, Orban says
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 economy contracting in quarterly terms for the…
Hungary govt sees ‘good chance’ for deal on EU funds within weeks
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 European Union funds within weeks, Prime Minister…
EU says Hungary made ‘significant step’ to get recovery funds – source
By Gabriela Baczynska BRUSSELS (Reuters) – Hungary made a “significant step” towards securing billions in economic stimulus funds by accepting European Union demands on the independence of the judiciary, an official with…
Hungary picks PwC partner to lead new anti-graft body overseeing EU funds
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 as part of efforts to regain access…
Hungary government expands scheme that caps mortgage rates – govt decree
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 to 5 years, it said in a…
Hungary passes anti-graft law to avoid loss of EU funds
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 avoid a loss of European Union funds…
Hungary submits new anti-graft bills to avoid loss of EU funds
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 efforts to avoid a loss of vital…
Hungary central bank seen hiking rate by 100 bps to 12.75% – Reuters poll
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% next Tuesday, a Reuters poll showed, with…
Hungary central bank could end rate rise cycle after September -deputy governor Virag
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 will increase again, Deputy Governor Barnabas Virag…
Hungary government submits first anti-graft bill to avoid losing EU funds
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 billions of euros in European Union funding.…
Hungary extends energy and food price caps amid soaring inflation
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 shield households from soaring costs, Prime Minister…
Hungary cenbank seen hiking 100 bps to 11.75% next week as inflation surges
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, with more hikes to come this year…
Hungary could finance Vodafone purchase with a loan
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 Orban’s chief of staff suggested on Tuesday.…
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 Thursday, days after being suspended over payment…
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 Union governments to suspend some of the…
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 to 3.5% of economic output from a…
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 the bloc’s 2021-2027 budget, the country’s economic…
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