Hungary

Europe has €56bn shortfall to meet Nato 2% of GDP spending pledge

bne IntelliNews March 18, 2024

European nations within Nato are facing a €56bn shortfall in meeting the alliance's defence spending pledge of 2% of GDP this year, the Financial Times reported on March 16.

Former Fidesz insider draws tens of thousands for protest against Orban regime

Tamas Csonka in Budapest March 18, 2024

Magyar drew an estimated 30-40,000 people, compared to Prime Minister Viktor Orban’s 20,000 on day of commemoration of 1848 revolution.

Hungarian government may reconsider amendments to Central Bank Act

Tamas Csonka in Budapest March 15, 2024

Government may be preparing to retreat due to reactions in the financial markets to perceived threat to central bank independence.

Illiberal axis between Budapest and Balkans threatens regional stability, analyst warns

Clare Nuttall in Glasgow March 15, 2024

Hungarian PM Viktor Orban’s close ties with leaders of Serbia and Bosnia’s Republika Srpska have encouraged nationalism and authoritarian tendencies with negative consequences for stability, says paper published by EPC.

Former Fidesz insider calls political rally to topple Orban

Tamas Csonka in Budapest March 14, 2024

Peter Magyar, who burst into the public eye over the Fidesz paedophile pardon scandal, has made incendiary comments about the inner workings of the government.

VISEGRAD BLOG: Governments battle central banks in Poland and Hungary

Robert Anderson in Prague March 14, 2024

The apparent threats to central bank independence are now worrying markets and the European Central Bank.

Hungary signs agreement with UAE on construction of €5bn city centre 'mini-Dubai' in Budapest

Tamas Csonka in Budapest March 14, 2024

The plan would transform a 130-hectare train station yard in a northern part of the capital into a new city quarter with tourism, economic, business and sports functions.

Hungarian government abandons 4% growth target

Tamas Csonka in Budapest March 13, 2024

Hungary’s economy contracted 0.9% in 2023, ranking the country among the laggards in the EU.

Hungarian central bank accuses government of trying to curb its independence

Tamas Csonka in Budapest March 13, 2024

Economists say the infighting within the Orban regime is unnerving investors and hurting the currency, given the ongoing freezing of EU funds because of its violations of the rule of law.

Ukraine becomes world's 4th largest arms importer, European imports soar

bne IntelliNews March 12, 2024

European arms imports were up by 94% in 2019-23, as Ukraine's allies send military aid while also arming themselves, says new SIPRI report.

Record Czech poll support for ANO as its leader adopts Kremlin-appeasing narrative

Albin Sybera March 12, 2024

Leaked emails reveals how former premier wanted to target foreign minister's family.

Orban pays fealty to Trump at Mar-a-Lago

Tamas Csonka in Budapest March 11, 2024

"The world would be better, and it would be better for Hungary if President Donald Trump returned to power," Hungarian premier declares.

Hungary CPI slows to 18-month low in February

Tamas Csonka in Budapest March 11, 2024

Hungary's inflation slowed to 3.7% in February, down from 3.8% in the previous month.

Hungary’ records extreme budget shortfall in February

Tamas Csonka in Budapest March 11, 2024

Hungary's cash flow-based general government deficit reached HUF1.7 trillion (€4.3bn) at the end of February, which accounts for roughly 70% of the HUF2.5 trillion full-year target.

Closing gender gap in workforce could double global growth rate says World Bank

Clare Nuttall in Glasgow March 8, 2024

Countries in Central and Eastern Europe and Eurasia have a lower gender gap than the global average but only Latvian women have equal legal standing with men.

Hungary threatens to block Dutch PM Rutte as new Nato chief

bne IntelliNews March 7, 2024

Hungarian delay in Sweden's Nato membership has already strained ties with allies, undermined the country’s credibility and reinforced views that Prime Minister Viktor Orban serves Russian interests.

US sanctions Intellexa consortium entities in Hungary and North Macedonia for spyware development

bne IntelliNews March 6, 2024

OFAC says companies in Hungary and North Macedonia sanctioned for developing Intellexa's Predator spyware.

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