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…
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 nation Hungary backs the reform, French Finance…
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, Foreign Minister Peter Szijjarto said on…
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 to delay a vote planned for Friday…
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 rates will remain in place until the…
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 proposal that does not disadvantage firms operating…
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 worth of pandemic recovery funding, state news…
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 tighten interest rate policy aiming to curb…
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, energy firms, insurers and airlines among others,…
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, putting themselves at odds with other member…
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 more pressure on foreign companies to scale…
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 of reach until Brussels offers a “solution”…
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 showed on Wednesday. “The Monetary Council would…
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 refining capacity, a spokesman said on Tuesday,…
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 said on Friday. Orban said the European…
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, an EU source told Reuters on Wednesday,…
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 other governments, European Union diplomats and officials…
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 set by President Vladimir Putin, Foreign Minister…
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, the biggest hike in the rate since…
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 ensure the stability of local financial markets,…
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 days after it raised its base rate…
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 told reporters Wednesday. Novak discussed the “Hungarian…
Breaking News
