Hungary’s Orban says EU should first sign strategic partnership accord with Ukraine
BUDAPEST (Reuters) – The European Union should first sign a strategic partnership agreement with Ukraine instead of starting membership talks with the country, Hungary’s Viktor Orban said on Friday, flagging a way…
Hungary’s tax-adjusted core CPI slows to 15.2% y/y in Aug -cenbank
BUDAPEST (Reuters) – Hungary’s tax-adjusted core inflation slowed to an annual 15.2% in August from 17.5% in July, the central bank said on Friday. The bank said a decline in retail sales…
Hungary’s Orban condemns EU federalism, LGBTQ ‘offensive’
BUDAPEST (Reuters) – Hungary’s Prime Minister Viktor Orban on Saturday renewed an attack on the European Union for conducting what he called an “LGBTQ offensive”, saying his nationalist government would protect the…
Swedish PM says Hungary’s Orban still promises not to delay NATO accession
STOCKHOLM (Reuters) – Sweden’s prime minister said on Friday his Hungarian counterpart had assured him that Budapest would not delay the Nordic country’s NATO accession, following reports that Hungary’s parliament would delay…
Hungary’s call for Ukraine ceasefire “cynical”, U.S. envoy says
BUDAPEST (Reuters) – The Hungarian government’s call for a ceasefire in neighbouring Ukraine is “cynical” given large swathes of the country are occupied by invading Russian forces, the U.S. Ambassador to Budapest…
Hungary’s price caps, windfall taxes dent morale among German firms -survey
BUDAPEST (Reuters) – Price caps to curb surging inflation and windfall taxes imposed by Hungary’s government have hurt sentiment among German firms in the country, a business survey showed on Wednesday. Germany…
Testing waters, Hungary’s central bank flags cut in top end of rate corridor
By Krisztina Than and Alan Charlish BUDAPEST (Reuters) – Hungary’s central bank could cut its 25% top collateralised loan rate next week as part of a “multi-step process” towards policy normalisation, its…
Hungary’s annual CPI could slow to single digit by end-2023 -cbanker
BUDAPEST (Reuters) – Hungary’s annual inflation could slow to single-digit by the end of 2023, National Bank of Hungary deputy governor Barnabas Virag said in an article posted on the central bank’s…
Hungary’s reforms not enough to unlock EU funds, European Commission says
BRUSSELS (Reuters) – Hungary has not implemented enough reforms to improve anti-corruption safeguards to grant Budapest billions of euros worth of EU funds, the European Commission said on Friday. (Reporting by Charlotte…
Hungary’s banks stable, profits and lending to fall – central bank
BUDAPEST (Reuters) – Hungary’s banking system is stable and has significant reserves to manage risks, the National Bank of Hungary said on Thursday, adding that banks faced weaker profitability due to government…
Analysis-Weak forint rains on Hungary’s ‘no more hikes’ parade
By Krisztina Than BUDAPEST (Reuters) – Hungary’s central bank tightened forint liquidity further on Wednesday at a deposit tender as part of its latest efforts to shore up the currency, but too…
Hungary’s central bank launches tool to drain liquidity after ending rate hikes
BUDAPEST (Reuters) – Hungary’s central bank accepted 2.093 trillion forints ($4.90 billion) worth of bids from banks at its first floating-rate two-month deposit tender on Wednesday as part of its efforts to…
EU cautious on Hungary’s ‘charm offensive’ as billions of funds hang in balance -sources
By Gabriela Baczynska BRUSSELS (Reuters) – The European Commission wants to see more action from Hungary on stepping up anti-corruption safeguards before Brussels agrees to unlock EU funds, EU sources said. One…
Hungary’s price caps have to be phased out, minister says
BUDAPEST (Reuters) – Price caps in Hungary will have to be phased out as they are more expensive to maintain as high prices become permanent, Minister for Economic Development Marton Nagy told…
Ryanair to appeal against Hungary’s ‘baseless’ consumer protection fine
By Gergely Szakacs BUDAPEST – Budget airline Ryanair said it would appeal to the courts after Hungary fined it for passing on the cost of a special business tax, worth 800 billion…
Hungary’s budget deficit widens to 2.892 trillion forints by end-June
BUDAPEST – Hungary posted a 2.892 trillion forints ($7.21 billion) budget deficit in January-June, the Finance Ministry said on Friday, adding that Prime Minister Viktor Orban’s government was committed to a 4.9%…
Investors rattled, Hungary’s blue-chips plunge on windfall tax plan
By Krisztina Than and Gergely Szakacs BUDAPEST – Hungary’s blue-chip stocks slumped on Thursday, with oil and gas group MOL and OTP leading losses after Budapest said it would impose windfall taxes…
Hungary’s OTP to step up lending to farmers in war-torn Ukraine
By Gergely Szakacs BUDAPEST – OTP Bank will step up lending to Ukraine’s farmers this year under a Kyiv-backed programme to help them overcome financing problems due to the Russian invasion, an…
Hungary’s OTP Bank “pressured” by Ukraine to sell Russian unit, CEO says
BUDAPEST – Hungary’s OTP Bank, Central Europe’s largest independent lender, is under pressure from the government of Ukraine, where the bank is also present, to sell its Russian unit, Chief Executive Sandor…
U.S. conservative conference with Hungary’s hardline leader reflects Republican divide
By Peter Eisler, Alexandra Ulmer, Anita Komuves and Andrew R.C. Marshall (Reuters) – America’s most prominent conservative gathering, founded on ideals of personal liberty and limited government, convenes in Budapest next month…
Hungary’s isolation, economic woes will make Orban’s fourth term his toughest yet
By Gergely Szakacs BUDAPEST – Prime Minister Viktor Orban faces unprecedented headwinds as he embarks on a fourth consecutive term in office when the Hungarian nationalist will have to navigate his self-styled…
Analysis-Pre-election spending could haunt Hungary’s Orban – or his successor
By Gergely Szakacs BUDAPEST – A $5.35 billion spending spree by Hungary’s Prime Minister Viktor Orban ahead of an election next week has left a budget hole that may spell trouble for…
Hungary’s Orban says he hopes inflation will dip below 6% by year-end
BUDAPEST – Hungary’s government hopes inflation will ease back to below 6% by the end of 2022 after hitting a near 15-year high of 7.9% at the start of the year, Prime…
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