Despite Poland’s hawkish war stance and criticism of Hungary’s position on the war, Polish exports worth billions continue flowing into Russia
The agreement was to expire on Sunday, and an accord was reached on Saturday with Turkish mediation
Prices for basic foods like eggs and milk rose by as much as 40 to 50 percent year-over-year in Sweden
Hungary as a country also boasts a good safety rating
According to the central office of statistics (GUS), the rate of inflation climbed to 18.4% in February from its January level of 17.2%
Marek Sawicki, former agriculture minister, has said that giving Ukrainian grain free access to the Polish market was a mistake that has cost Polish farmers
Orbán also discussed Hungary’s national budget, the construction of gas-powered plants, and the state of the country’s automotive sector
The new wells will contribute to the country’s energy independence
Meanwhile, Ukrainian grain exports to Romania are causing problems for local farmers
Hungary is working to defend its agricultural market from Ukrainian dumping
The party says the only winner has been the state, with Austrian tax revenues rising by €9.5 billion last year
When OTP closes another purchase in Uzbekistan, the Hungarian banking group will have banks in 12 countries
The government says it can save $654 million by canceling the day, which it will use to fund defense
Europe imports 1-1.5 million barrels of diesel per day and more than half of that has come from Russia in the past
Foods containing insect proteins will have to be clearly labeled and separated in shops
The state budget will cover workers’ salaries for six months
Germany’s war bill comes at a time when the economy is suffering from an ongoing energy crisis, high levels of inflation, and supply bottlenecks
Hungary ordered the ban during the Covid-19 pandemic to protect domestic supplies
Five EU countries have asked the European Commission to intervene as Ukrainian wheat floods the EU market
The buying power of the most affluent Germans sank by 15 percent
Péter Szijjártó is confident of breaking last year’s foreign investment record after meeting with business leaders at the World Economic Forum in Davos
Price caps on utility bills and an exemption from Russia sanctions have left Hungarians confident about their energy supply
Prime Minister Orbán said Hungary’s financial reserves are higher than at the onset of the 2008 global financial crisis
Russia’s Druzhba pipeline remains a key component of Germany’s energy supply
European nations cannot maintain their generous welfare states and at the same time promote open border policies
Germany is one of the most popular destinations for migrants in the world, with the country taking in 1.2 million people last year
Hungary still has no short-term plans to introduce the euro
Electricity is the most expensive in Brussels while Stockholm has the highest natural gas prices
Le Pen warned last year that if Macron won another term, he would move forward with unpopular pension reforms
Croatia’s decision to join the eurozone may feature short-term economic benefits, but it could represent a serious loss of sovereignty in the long term
PM Viktor Orbán discusses the war in Ukraine, energy inflation, and the challenges Europe can expect in 2023
Hungary’s foreign minister says Croatia is abusing its monopoly position
Despite the war and economic downturn, Hungary had outstanding achievements this year, according to PM Viktor Orbán
Germany “needs permanent migration to cope with demographic change”
Luxembourg, Denmark, and Ireland lead the income list
The U.S. and China are taking over Germany as manufacturing centers, warns power tools manufacturer Nikolas Stihl
Qatar is boosting its LNG export capacity with large volumes expected by 2026
The increase in food prices was almost double the headline figure at 43.8 percent
After London, Hungary is the second most-sought-after production location
The windfall tax will apply to profits from the price margin between Brent and Urals crude oil
The price of gas in Hungary skyrocketed overnight from €1.16 to €1.59 per liter
The combined losses of the two companies exceed €12 billion
The 36-nation poll, which included 12 European countries, assessed consumers’ expectations of economic performance in their country next year
EU leaders will vote on the matter at the Dec. 19 EU Council summit
The EU continues playing hardball with Hungary
A majority of EU member states supports a price cap, but many find the current proposal too high
While sanctions have not crippled Russia’s ability to wage war, they are certainly harming Hungarians
“We’ll keep helping those who can’t work. For the others it will be abolished,” Meloni announced
The EU claims the Great Replacement is a conspiracy theory, but the UN claims Europe needs to accept 60 million migrants by 2050, mostly from Africa
A souring economy may hamper Russia’s ability to wage war
Energy safety and energy prices are key for Hungary, said cabinet minister Gergely Gulyás
The number of company bankruptcies has spiked 18 percent from September to October
Russia has proven to be most vulnerable to restrictions in the microchip export market, and an expansion of technology sanctions could grind Russia to a halt, a Hungarian think tank claims
It remains unclear how long Sweden’s nuclear power plant will be offline
Christian Lindner says the digital euro could be an economic growth engine for the bloc
Hungary’s economics minister warned inflation could peak at 25 percent
Ukraine’s debt could double next year to 100 percent of its GDP
Energy prices are soaring, and industrial orders are down across the country
Support for economic sanctions on Russia remains strong at 70 percent, but a further rise in energy prices would result in current government policy becoming ever more unpopular, particularly among those finding it difficult to manage
The data shows inflation within the eurozone has hit double digits for the first time ever
German companies increasingly pay their bills late or don’t pay their bills at all, and one expert says, “After that, there is usually a crisis”
Germany must rethink sanctions on Russia because “there is no obligation to commit economic suicide,” writes Bruno Bandulet
The ban is to come into effect in 2035, pending a 2026 review
Sustainable economic growth in Hungary depends on nuclear energy, says FM Szijjártó
Despite Germany facing a shortage of skilled workers in construction, dozens of apprentices will lose their housing to make way for refugees
Budapest currently has seven Michelin-starred restaurants
EU officials see added benefits during the cost-of-living crisis
Germany said its domestic relief package is commensurate with the country’s size
Data from the German federal government shows there are major wage differences between immigrants and Germans
A former interior minister has also asked youth to lower their expectations of prosperity
In what is seen as a hypocritical move, the EU is proceeding with a big pay increase to take care of its own
Italy’s new leaders face the unenviable task of rebuilding a country deep in debt, economist László Bogár writes in daily Magyar Hírlap.
Germany wants to borrow €200 billion to support gas prices using a budgetary trick
Electricity companies warn of temporary power cuts across the Scandinavian country
The cost of living crisis is mainly being fueled by higher energy prices, up 114 percent on last year
Opposition parties criticized the plan for being both vague and too expensive
Of the four gas pipelines transporting Russian gas to Europe, only Turk Stream is still operational
Ministries will continue to pay all wages, as well as expenses associated with social, healthcare and education programs and EU projects
This summer’s drought destroyed several hundred thousands of hectares of Hungary’s corn crop
Hungary’s central bank also expects minimal economic growth next year
The Ifo Business Climate Index, which records confidence in the German economy, fell to its lowest reading since May 2020
There was nothing “mini” about Kwasi Kwarteng’s budget announcements this morning
While conservative governments across Europe focus on tax cuts to stimulate the economy, Spanish socialists want to hit Spain’s wealthiest job creators with an additional temporary levy
“None of this bodes well for inflation, it’s here to stay”
While the AfD is enjoying anti-sanctions success, the same issue is threatening to split the entire leftist Die Linke party
For its part, Hungary seeks to create the conditions for people to take care of themselves, their loved ones, and their communities, says György Matolcsy
The European Union’s energy sanctions only serve to deepen an already dire crisis
The beer and beverage industry faces rising energy and raw material costs, logistics bottlenecks, and a shortage of CO2
Inside sources predict a valuation of Porsche shares of €70-80 billion
Removing the fuel price cap would add 2.5 percent to inflation in Hungary, one analyst claims
In light of Europe’s energy crisis, greater questions are now being asked about the extent to which fracking restrictions for the continent’s shale gas reserves are appropriate
Overseas investors from Asia and the Middle East continue to buy up rental properties in the U.K. capital to the detriment of domestic first-time buyers who are priced out of the market
The MakeUK lobby group proposed a 100-day plan for the incoming prime minister
Bank of America is making it easier for Black and Hispanic prospective homebuyers to acquire a mortgage. Whites and Asians need not apply
Europe’s powerhouse economy could fall into recession later this year, the country’s federal bank warns
Hungary’s strong GDP results show that the country continues to soar
Prices drop on U.S. reserves data as OPEC hikes production
The Hungarian leader offered his remarks during an interview with Hungarian state radio on Friday morning
Rising energy prices have disrupted the economic performance of Europe’s powerhouse, leaving analysts predicting a contraction for Germany’s economy later this year
Christian Lindner is ringing the alarm bell, saying a crisis may be just months or even weeks away
