Hungary economy
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Ukrainian President asks Davos Global Elite to help isolate Russia
London – Ukrainian President Volodymyr Zelenskyy told world leaders and business leaders at the World Economic Forum in Davos, Switzerland on Monday that they faced a ... -
Alarming debt levels in advanced economies
ISTANBUL – Global debts surpassed the $300 trillion threshold at the end of the first quarter of this year with an easing of monetary policies to ... -
Banks call for end to mortgage rate freeze
Photo by Fabio Balbi / Shutterstock.com The Hungarian Banking Association pleaded for an end to the temporary freeze on floating mortgage rates in a statement released ... -
Putin says EU abandonment of Russian oil is ‘economic suicide’ | News | DW
Russian President Vladimir Putin said on Tuesday that European countries would not be able to impose a ban on Russian oil imports. His remarks came as ... -
EU ministers urge Hungary to sign planned Russian oil embargo
Lithuanian Foreign Minister Gabrielius Landsbergis listens during a news conference in Vilnius, Lithuania March 18, 2022. REUTERS/Janis Laizans/File Photo Join now for FREE unlimited access to ... -
G-7 to continue economic pressure on Russia, tackle ‘wheat war’
German Foreign Minister Annalena Baerbock speaks during a news conference after the meeting of foreign ministers of G7 member states at Schlossgut Weissenhaus on May 14, ... -
Kyrgyz Economy Minister Meets Finance Ministers of Turkey and Hungary
Kyrgyzstan’s Economy and Finance Minister Daniyar Amangeldiev met in Marrakech (Morocco) with Turkey’s Treasury and Finance Minister Nureddin Nebati and Hungary’s Finance Minister Mihály Varga, Trend ... -
Why doesn’t Hungary support EU sanctions against Russian oil? | Oil and Gas News
As the European Union tries to impose sanctions on Russian oil over the war in Ukraine, Hungary has become one of the biggest obstacles to the ... -
Weeklies on the opposition one month after its electoral defeat
Commentators on both sides of the political spectrum suggest that the weaknesses that sealed the fate of the opposition in the elections have deepened further in ... -
Oil climbs to highest since March as US considers crude purchases | Business and Economy News
Prices were also supported by OPEC+ which ratified a limited production increase following the European Union’s proposed ban on Russian imports. By Alex Longley and Devika ... -
Live Updates on the Russian-Ukrainian War: News from the Mariupol Steel Plant
ZAPORIZHZHIA, Ukraine – Some flashed bright smiles and others leaned in sobbing, sharing the end of their hellish underground ordeal. Here, at last, were ordinary things ... -
Italy’s tough new approach to Russia
This is an audio transcription of the FT press briefing podcast episode: Italy’s tough new approach to Russia Joanna KaoHello from the Financial Times. Today is ... -
FinMin: Economy still on growth path, with declining deficit and debt
The next four years are expected to see strong growth coupled with a gradual reduction in public debt and budget deficit levels, according to Hungary’s convergence ... -
Chaos Leads to Populists and Tyrants – InsideSources
When right-wing populist Marie La Pen called French President Emmanuel Macron “the president of chaos,” she tapped into a nerve that Donald Trump, Vladimir Putin, Xi ... -
Explanation: Russia wants countries to pay for gas in rubles. Will buyers comply?
HOUSTON/LONDON, April 26 (Reuters) – Russian energy giant Gazprom told Poland and Bulgaria it would cut gas supplies from Wednesday, deepening Moscow’s feud with Western nations ... -
ANALYSIS-Win or lose, Le Pen’s nationalism is already changing Europe – EURACTIV.com
‘Frexit’ may be off Marine Le Pen’s menu ahead of Sunday’s crucial presidential run-off against incumbent President Emmanuel Macron, but the threat of a seismic shift ... -
In France’s vote, pocket issues eclipse nationalism vs. globalism
The 2017 French presidential election was a turning point for Western politics, fought not along traditional lines of left and right, but over national identity, immigration ... -
Women living in England’s poorest neighborhoods are dying ‘Devastating’ YOUNGER analysis reveals
Women in the poorest parts of England can expect to live nearly eight years less than those in the wealthiest parts of the country, research shows. ... -
what Le Pen’s election would mean for Europe
During her campaign, Marine Le Pen presented herself as a moderate, and it paid off as polls now show the French far-right leader has never been ... -
Good news came from the Hungarian economy – UPDATE
Output in Hungary’s industrial sector rose 4.5% a year in February, about half the pace in January, the Central Statistical Office (KSH) said in a detailed ... -
The war will reduce Ukraine’s GDP by more than 45%, according to World Bank forecasts
WASHINGTON, April 10 (Reuters) – Ukraine’s economic output is expected to contract 45.1% this year as the Russian invasion shuttered businesses, slashed exports and made economic ... -
Hungary in “excellent position” in terms of food security
Nicolas Pongratz Saturday, April 9, 2022, 10:55 AM The important role of agriculture and the food industry in Hungary’s economic strategy for the coming years was ... -
Unknown activists vandalize villas in Italy owned by pro-Kremlin propagandist
Ukraine is pressing NATO for more weapons as Russia is expected to reposition its forces before launching a major offensive in southeastern Ukraine. Ukrainian Foreign Minister ... -
Hungarian Foreign Ministry summons Ukrainian envoy for ‘insults’
Hungarian Foreign Minister Peter Szijjarto addresses the 76th session of the United Nations General Assembly, at the United Nations headquarters in New York, U.S., September 23, ... -
Hungarian Orban prepares for a difficult mandate after a landslide victory in the elections | Election News
The conservative nationalist party Fidesz won the Hungarian general elections on April 3, securing a fourth consecutive mandate for its leader, Prime Minister Viktor Orban. However, ... -
When people defend themselves in a war of annihilation, there are no unimportant things
When people fight back in a war of annihilation, when it comes to the life or death of millions of people, there are no unimportant things. ... -
One in nine inhabitants of Cyprus is a foreigner
The percentage of resident citizens of other countries living in Cyprus, both from European Union member states and non-EU countries, is more than 10%, which puts ... -
EIB Group invests EUR 891m in Hungary in 2021
The European Investment Bank Group provided a total of 891 million euros to the Hungarian economy in 2021, a record volume of investments in the past ... -
Hungarian Orban criticized for his “neutrality” in the war in Ukraine
BUDAPEST, Hungary — Widely seen as Russian President Vladimir Putin’s closest ally in the European Union, Hungarian Prime Minister Viktor Orban has sought to assert Hungary’s ... -
EU strikes LNG deal with US to reduce dependence on Russian gas | Russia–Ukraine War
The European Union and the United States are expected to unveil an agreement on Friday to supply Europe with American liquefied natural gas (LNG), sources told ... -
Business News | Stock and Equity Market News | Financial News
Search mutual fund quotes, news, net asset values Adani ... -
Editorial: When War News Goes Viral
Photo by goodluz / Shutterstock.com I was struck the other day by a phrase from a seasoned foreign correspondent: she described the war as having gone ... -
Last war in Ukraine: EU countries act to ease energy pain
Britain’s health secretary has declared the bombing of a hospital in Mariupol a war crime, as the Russian military offensive closes in on NATO territory. Last ... -
Soaring oil prices will hurt global economy as war in Ukraine disrupts Russian supplies
The disruption to Russian oil shipments, including the U.S. import ban announced by President Biden on Tuesday, represents one of the largest supply disruptions since World ... -
Suzuki’s Hungarian plant suspends car exports to Russia and Ukraine
BUDAPEST: Suzuki Motor Corp has suspended car exports to Russia and Ukraine from its Hungarian plant from March due to the war, the Japanese company announced ... -
Germany and Hungary do not support sanctions against Russian energy
German Chancellor Olaf Scholz has said Europe cannot secure its energy supplies without imports from Russia. Energy was deliberately excluded from previous rounds of sanctions, Scholz ... -
Hungarian Orban wants to put 80% of the food industry in local hands
Prime Minister Viktor Orban pledged on Saturday to increase local ownership of Hungary’s food industry to 80% if re-elected for a fourth consecutive term, noting that ... -
What happened on the fourth day of the Russian invasion of Ukraine?
The Metropolitan Opera said on Sunday it would no longer engage with artists or other institutions that have expressed support for Russian President Vladimir V. Putin, ... -
Ukraine War News Feb 26: Ukraine Pushes Back Russian Advance, Kiev Orders Curfew, Western Allies Cut Some Russian Swift Banks
The United States has joined the EU and the United Kingdom in freezing the assets of Russian President Vladimir Putin and his foreign minister, as part ... -
Russia-Ukraine: lessons for Australian defense
Lesson 1: The era of interstate conflict is still relevant The idea that war between nations has become an anachronism over the past 40 years has ... -
Nuclear project with Russian reactors shakes up Bulgarian politics – EURACTIV.com
The Capitals brings you the latest news from across Europe, thanks to on-the-ground reporting by EURACTIV’s media network. You can subscribe to the newsletter here. Before ... -
How a Russian-Ukrainian conflict could affect global markets
How a Russian-Ukrainian conflict could affect global markets Reuters February 19, 2022, 7:05 PM Last modification: February 19, 2022, 7:14 PM Reuters February 19, 2022, 7:05 ... -
Orbán meets Brazilian Bolsonaro in Budapest
MTI Photo/Prime Minister’s Press Office/Vivien Cher Benko Prime Minister Viktor Orbán met with Brazilian President Jair Bolsonaro in Budapest on Thursday, state news wire MTI reports. ... -
Europe in limbo over Ukraine crisis: The Tribune India
Lieutenant General Sanjiv Langer (retired) Former Deputy Chief of the Defense Staff The second largest country in Europe, with a population of 43.8 ... -
bne IntelliNews – Hungarian election campaign kicks off with Viktor Orban’s keynote mocking the opposition
Hungary’s ruling Fidesz party kicked off its election campaign with an annual state of the nation address by Prime Minister Viktor Orban after a year-long hiatus ... -
Hungarian PM warns of wave of refugees if Russia invades Ukraine
BUDAPEST, Hungary (AP) — Hungary’s nationalist prime minister warned Saturday that a Russian invasion of Ukraine could send hundreds of thousands of Ukrainian refugees fleeing across ... -
Prime Minister’s chief of staff flags possible election interference from abroad
The Prime Minister’s chief of staff has pointed out the possibility of foreign interference in the upcoming parliamentary elections in Hungary. Gergely Gulyás, however, added that ... -
Blossoming Hungary-Serbia relations have scored four victories, says FM Szijjártó in Belgrade – Daily News Hungary
‘Blossoming’ Hungarian-Serbian relations have recorded successes in cooperation on economy, energy security, illegal migration and national minorities, Foreign Minister Péter Szijjártó said after meeting Serbian ministers ... -
Opposition presents economic policy plans
Written by BT/MTI The united opposition parties presented their ideas on a possible introduction of the euro, taxes, inflation, job creation and budgetary management on Thursday ... -
Five takeaways from the crisis in Ukraine, after Putin broke the silence
When he spoke about Ukraine on Tuesday for the first time in more than a month, President Vladimir V. Putin’s signal that Russia was open to ... -
What we’re watching: More Boris drama, Orbán-Putin meet, US governors vs. Biden
I’m pretty confident about that, which means there are still a few more weeks for diplomacy to unfold. There are still a few weeks to come ... -
Slovenian banks warn of risks of changing terms of past loans
Slovenian lawmakers will vote on a measure on Monday forcing banks to repay hundreds of millions of euros to foreign currency borrowers, with lenders warning the ... -
The Latvian minimum wage is the second lowest in the European Union / Article
21 of the 27 EU Member States have national minimum wages, making Denmark, Italy, Cyprus, Austria, Finland and Sweden the exceptions. Based on their levels in ... -
Latest news on the global spread of the coronavirus | The Argus singleton
* Poland, the Czech Republic, Hungary, Bulgaria and Romania all achieved their highest COVID-19 infection rates of the pandemic, driven by the highly transmissible variant of ... -
Matolcsy calls for the budget to be brought back into balance
Written by BT/MTI To curb inflation, the central budget must be balanced again and the government must redouble its efforts to improve the country’s competitiveness, Gyorgy ... -
Nicholas Molnar, an underrated hero of modern Napa wine, dies at 94
Nicholas Molnar, a winemaker who helped launch fine wine in the now-famous Napa County region of Carneros, died Jan. 11. He was 94 years old. A ... -
This week in tax: Estonia, Hungary and Poland oppose EU tax reform
EU faces new battle over tax reform The EU has a crucial role to play in transforming the OECD-brokered second pillar agreement into the international norm. ... -
Keynes warned the world against using economic sanctions. His alternative is worth considering | Nicholas Müller
Jhe United States has come to rely more than ever on economic sanctions. After its withdrawal from Kabul in August, Washington maintained economic pressure on the ... -
EU Green Deal 2021-2027: DG Regio and EIB Financing and Economic Assessment
Course Description Find out how the European Commission – DG REGIO and the European Investment Bank (EIB) finance and evaluate investments that contribute to climate action ... -
Hungarian inflation of 7.4% in December
Hungarian annual inflation was 7.4% in December, the Central Statistical Office (KSH) announced on Friday. Rising prices for cigarettes and motor fuels continued to be the ... -
Opposition to food price caps: “Orbán is loose, VAT on basic foodstuffs should be reduced to 5%”
“Viktor Orbán’s announcement is an admission that the Hungarian economy is in a tragic state,” said almost all members of the opposition alliance “Hungary belongs to ... -
OECD inflation hits highest level in 25 years; Space race could fuel global tensions, WEF warns – business live | Business
Inflation in the OECD area reached its highest level in 25 years as consumers around the world were hit by the falling cost of living. Consumer ... -
Barbarians at the gates of modern democracy
Irony or even a sense of timing seems to escape Kassym-Jomart Tokayev. Last week, the autocrat-president of Kazakhstan, and protégé of former autocrat Nursultan Nazarbayev, ordered ... -
MNB’s international reserves increase by 1.384 billion euros in December
The international reserves of the National Bank of Hungary (MNB) stood at 38.377 billion euros at the end of December, up 1.384 billion euros from the ... -
China has dealt a blow to GDP growth for 2022 as zero Covid-19 strategy backfires
China hasn’t experienced this in the past 30 years – and its strict stance on Covid-19 is to blame. The coronavirus pandemic has dealt a massive ... -
Your Monday briefing: Global Covid cases hit records
We cover the rapid global spread of the Omicron variant and the EU’s attempts to fight an illiberal leader. Omicron fuels rapid spread, but data offers ... -
Orbán government promises myriad state support and massive pay increases ahead of 2022 election
As part of a spending spree ahead of the 2022 parliamentary elections, the government led by Orbán announced a series of measures aimed at providing financial ... -
Central bank gold reserves are at their highest level in 31 years. Why?
Central bank gold reserves are currently at their highest level in 31 years, with banks reducing their exposure to the United States dollar and increasing the ... -
MET Group chooses Tesla Megapack for its battery energy storage project
BBJ Monday, December 27, 2021, 3:30 p.m. MET Group is expected to become the first to install a Megapack battery in Hungary next summer, as part ... -
KPMG: push and pull factors make ESG inevitable
Sustainability as a business concept has been around for over a decade. ESG, which adds social and governance aspects to the environmental mix, is much newer ... -
MNB raises the 1-week deposit rate from 20bp to 3.8%
MTI – Econews Thursday 23 December 2021, 1:30 p.m. Photo by Adriana Iacob / Shutterstock.com The National Bank of Hungary (MNB) announced a rate of 3.8% ... -
Urgent action needed in the face of energy crisis, says Italian Mario Draghi
gHello. We start with rather grim data on the health of the UK economy. The ONS has downgraded its third-quarter GDP growth figures from 1.3% to ... -
Socio-political and economic impact of the pandemic
– New perspectives from the East TWO years of the coronavirus pandemic have seriously changed the world around us economically and politically. The pandemic has demonstrated ... -
EM Hawks – Decreasing Sentences?
By Natalia Gurushina Chief Economist, Emerging Markets Fixed Income StrategyVan Eck Partners Company A weaker-than-expected rate hike in Hungary has raised additional questions about political frontloading ... -
Hungary Resumes Talks With EU On Purchase Of Pfizer COVID-19 Vaccine Due To Omicron
Economy December 17, 2021, 4:50 p.m. In the EU’s new (fifth) contract with Pfizer-BioNTech, EU member countries have agreed to activate an order for more than ... -
Six ways to respond to the inflationary shock in a Europe-wide snapshot
This content was published on December 15, 2021 – 19:46 December 15, 2021 – 7:46 PM (Bloomberg) – Sign up for the New Economy Daily newsletter, ... -
Your Tuesday briefing – The New York Times
Covid-19, two years later After two years of zigzagging politics and roller coaster emotions, terrible losses and tantalizing false dawns, border closures and intermittently closed schools, ... -
Twenty central banks hold meetings as inflationary forces separate
The differences will be on full display this week with final decisions for 2021 due to the U.S. Federal Reserve, European Central Bank, Bank of Japan ... -
bne IntelliNews – ING: Hungary’s budget deficit breaks new record
Hungary’s monthly deficit in November broke an all-time high with a deficit of over HUF 1,000 billion. It just shows the strength of the current fiscal ... -
4,311 new cases of COVID recorded in Hungary
Photo by Savanevich Viktar / Shutterstock.com Some 4,311 new cases of COVID were recorded in Hungary yesterday, bringing the total number of confirmed cases since the ...
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