Hungary
Hungary imposes mid-year austerity on state-owned companies
The Hungarian government is introducing further measures to stabilise the 2024 budget after earlier signs that this year’s fiscal plan has gone off track.
US lifts sanctions related to Paks nuclear plant upgrade
The expansion of the Paks II nuclear power plant could now gain "new momentum" following Washington's decision to lift sanctions related to the project.
EU eyes new Asian trade alliances to offset US trade war risks
European Commission President Ursula von der Leyen is pushing for closer ties with Asia as part of a new EU trade strategy to offset the growing trade war risks with the Trump administration and reforming the global trade system.
Hungarian astronaut arrives at ISS aboard SpaceX Crew Dragon
The SpaceX Crew Dragon spacecraft carrying the crew of the Ax-4 mission, including Hungarian astronaut Tibor Kapu, docked with the International Space Station on June 27.
Hungarian economy faces weak growth, slow path to price stability, central bank report shows
Hungary's economy continues to struggle with weak momentum and only a gradual improvement in inflation, the National Bank of Hungary said in its latest Inflation Report.
Budapest Pride’s record turnout exposes Viktor Orban’s waning grip on power
Sheer scale of the event and the state's eventual decision to allow it to proceed signal a loss of control and resolve within Hungary's ruling Fidesz.
Budapest Pride defies ban as European politicians rally against Hungary’s crackdown
Budapest Pride went ahead on June 28 in defiance of a government ban, drawing the support of more than 70 members of the European Parliament and several prominent European ministers, who travelled to the Hungarian capital to back the event.
Europe swelters in historic heatwave
Record-breaking temperatures for the time of year are likely to occur across a large part of western Europe in the coming days as a historically unprecedented heatwave intensifies.
ING: Unemployment rate drops further than expected in Hungary
Recent labour market data show that demographic decline and voluntary exits are key factors to watch out for. Meanwhile, gloomy macroeconomic conditions are leading to redundancies. A bleak outlook is prompting companies to consider downsizing.
Polish astronaut docks at ISS after historic launch aboard Ax-4 mission
The Crew Dragon capsule carrying Polish astronaut Sławosz Uznański-Wiśniewski successfully docked with the International Space Station on June 26, completing Poland’s first crewed space mission since 1978.
A row has broken out between Hungary and Ukraine over Kyiv’s right to join the EU
Hungarian Prime Minister Viktor Orban claimed this week that 95% of Hungarians are against Ukraine’s accession to the EU.
Czech real estate tycoon Vitek is reportedly mulling sale of his CPI empire
CPIPG is one of the largest real estate groups in Central Europe, with assets in all the V4 countries and Germany.
Hungary’s MNB leaves rates on hold, won’t rush to restart easing cycle
The Hungarian central bank (MNB) left its base rate on hold on June 24 at 6.50% for the ninth month in a row.
Global uncertainty causes FDI to plummet in Emerging Europe
wiiw research blames crisis in German industry and the uncertainty surrounding Donald Trump’s second term as US president for sharp slowdown in FDI.
Proposed defence spending hike to 5% of GDP exposes divisions among Nato members
Russia hawks in Poland and the Baltic States are firmly behind plan to increase defence spending to 5% of GDP, while other members question new target.
Hungary in talks with US on major business agreement to offset tariff impact
Hungary and the United States are holding behind-the-scenes negotiations on a potential business agreement aimed at mitigating the negative effects of US tariffs.
Budapest municipality to host Pride March on June 28 despite government opposition
The Municipality of Budapest will organise the 30th Budapest Pride event on June 28 as planned, reviving an earlier local tradition of holding a "freedom celebration" coinciding with the anniversary of the withdrawal of Soviet troops.
European Commission targets Hungary’s mandatory markup caps
The European Commission on June 18 launched infringement procedures against Hungary over mandatory markup caps on a range of food and non-food products that the government introduced to counter inflation.
Ruling Fidesz prepares for spending blitz as Hungary lifts campaign limits
Hungary's ruling Fidesz party has pushed through legislation to scrap campaign spending limits, paving the way for what analysts expect will be the country's most expensive election campaign to date.
Hungarian Parliament approves 2026 budget amid mounting fiscal risks
Hungary’s parliament has approved the 2026 state budget with a projected deficit target of 3.7% of GDP, a goal that analysts widely consider unsustainable given the country's current fiscal trajectory.