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  • Hungary economy
    By Arthur Holmes
    May 23, 2022
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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 ...
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  • Hungary economy
    By Arthur Holmes
    May 22, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    May 20, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    May 17, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    May 16, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    May 14, 2022
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    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, ...
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  • Hungary economy
    By Arthur Holmes
    May 12, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    May 10, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    May 9, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    May 5, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    May 3, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    May 2, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    April 30, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    April 28, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    April 26, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    April 22, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    April 20, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    April 18, 2022
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    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. ...
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  • Hungary economy
    By Arthur Holmes
    April 15, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    April 13, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    April 11, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    April 9, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    April 7, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    April 6, 2022
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    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, ...
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  • Hungary economy
    By Arthur Holmes
    April 4, 2022
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    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, ...
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  • Hungary economy
    By Arthur Holmes
    April 2, 2022
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    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. ...
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  • Hungary economy
    By Arthur Holmes
    April 1, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    March 29, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    March 26, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    March 25, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    March 23, 2022
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    Business News | Stock and Equity Market News | Financial News

    Search mutual fund quotes, news, net asset values Adani ...
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  • Hungary economy
    By Arthur Holmes
    March 18, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    March 14, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    March 11, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    March 9, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    March 7, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    March 5, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    March 3, 2022
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    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, ...
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  • Hungary economy
    By Arthur Holmes
    February 26, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    February 23, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    February 21, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    February 19, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    February 17, 2022
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    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. ...
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  • Hungary economy
    By Arthur Holmes
    February 16, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    February 14, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    February 12, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    February 9, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    February 7, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    February 4, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    February 2, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    January 31, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    January 30, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    January 28, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    January 26, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    January 25, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    January 23, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    January 21, 2022
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    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. ...
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  • Hungary economy
    By Arthur Holmes
    January 20, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    January 16, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    January 15, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    January 13, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    January 11, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    January 9, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    January 7, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    January 6, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    January 3, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    January 2, 2022
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    December 31, 2021
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    December 27, 2021
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    December 25, 2021
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    December 23, 2021
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    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% ...
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  • Hungary economy
    By Arthur Holmes
    December 22, 2021
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    December 20, 2021
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    December 18, 2021
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    December 17, 2021
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    December 15, 2021
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    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, ...
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  • Hungary economy
    By Arthur Holmes
    December 14, 2021
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    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, ...
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  • Hungary economy
    By Arthur Holmes
    December 12, 2021
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    December 9, 2021
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    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 ...
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  • Hungary economy
    By Arthur Holmes
    December 7, 2021
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    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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