German property prices fall at record rate
Prices are falling fast in the second quarter, but overall, housing costs are still sky-high for Germans
Prices are falling fast in the second quarter, but overall, housing costs are still sky-high for Germans
Slovakia says it will maintain its ban on Ukrainian grains
Romania hopes to be a regional electricity exporter by 2030
Ukraine is already planning to sue Hungary, Poland and Slovakia
China could crash Germany’s wind turbine market — a story the German renewable energy sector has already seen play out before
Ukraine and Croatia are “abusing their positions,” warns MOL, Hungary’s state-owned energy group
The current EU import ban expires on Friday
Rail transfer to Adriatic ports adds a significant amount in transport costs for Ukrainian grain
Germany is pushing for a welfare state while lamenting the lack of people who want to work
The South Korean-Canadian joint venture will make parts for electric cars
Over 1,000 products have utilized deceptive packaging to hide price increases in the last five years
Federation of German Industries President Siegfried Russwurm criticized the federal government for lacking the courage to break outdated rules
The U.S. dollar boasts a 90 percent share of global foreign currency transactions
Germany entered recession this year, with critics pointing to policies from the country’s left-wing government as fueling the crisis
The campaign is aimed at a loophole in the Russian oil embargo
France is Europe’s largest exporter of nuclear power
The family firm is 500 years old, but can it survive Germany’s current government?
The Netherlands becomes the latest European country to fall into recession this year
Thousands of guest accommodation providers are waiting for their money
Deflation is a recurring problem for the Chinese economy
Bacardi has been making a killing in Russia throughout the ongoing conflict
12,000 businesses could face failure if the preferential VAT rate is abolished at the end of the year as planned
After the Black Sea agreement expired, the Danube remains the main export route for Ukrainian grain
The three small countries are still part of the Moscow-controlled BRELL network
The migrants, mostly from the Far East and Central Asia, will be issued temporary visas with no permanent right to settle in Hungary
Foreign tourists continue streaming into Hungary
Romania’s potential for energy independence is a thorn in Russia’s side
Hungary is the second-largest European location for U.S. studios after London
Despite Germans facing growing poverty, a high-earning Green Party MP says Germans should give away more of their wealth
The West doesn’t seem too keen to enforce its $60 price cap on Russian crude
The green transition coupled with rising energy prices will slow down the German economy
Hungary is on track to double last year’s record foreign investment
The Russian government is seeking to punish “unfriendly” countries
The EU ban on Ukrainian grain currently expires on Sept. 15
This is a sharp turn in the bank’s euro accession policy
Toralf Haag, the CEO of Voith Group, sat down with Die Welt to discuss the woes of German industry
The debt translates to each Czech citizen owing 280,574 crowns
Russia says Ukraine used the agreement for commercial gains
The secret AI-generated recipe is reportedly kept in a Swiss vault
VW’s electric car business has turned into a disaster
The Turkish president says he and Putin are “on the same page” regarding an extension
The Chinese move has completely paralyzed the EU leadership, writes Hungarian commentator Béla Ákos Révész
Food prices remain the leading factor driving inflation
Migrants need not speak German either, she claims
The Italian prime minister said “the medicine is worse than the disease”
FPÖ MEP asks why the EU is supporting Ukraine to such an extent without the consent of Austrian taxpayers while these taxpayers are forced to accept austerity
“Concerns about organized crime must not be used to enter into mass surveillance of citizens”
Although Hungary is only a country of 9.7 million people, when current investments are completed, Hungary will be the world’s second-largest manufacturer in this field
The EU wants a say in how much each member state’s arms companies produce and to what countries those weapons are exported
Hungary’s PM meets three key Asian economic players in one day
European farmers get three more months of respite from Ukrainian grain dumping
The headlines will say wages are up, but the reality makes for different reading
The budget will continue to subsidize utility bills and has a massive increase in military spending
This was Musk’s first trip to China in three years
The ECB’s latest financial stability review warned the eurozone cannot afford to be complacent in the face of new challenges and market pressures
A world without cash would lead to “financially incapacitated” citizens, argues the Freedom Party of Austria (FPÖ)
Germany had initially reported zero growth for the first quarter of 2023, but this has since been revised to a second consecutive quarter of contraction, triggering a technical recession
Many staple food items are over 30 percent more expensive in British supermarkets than they were this time last year
Closing Germany’s nuclear plants was a “totally irrational” move, claims Alternative for Germany (AfD) MEP Steffen Kotré
Zelensky’s plan to blow up a vital oil pipeline for Hungary has sent Hungarian-Ukrainian relations to a new low
The former Czech head of state called the plans “a disjointed patchwork of more than 50 ideas” that will only fuel citizen dissatisfaction
Hungary is retaliating against Ukraine as tensions rise
The opposition leader accused Czech Prime Minister Petr Fiala of creating a toxic environment for businesses and workers after announcing a slew of tax hikes
China should not be treated as a risk, said Hungary’s foreign minister
Hungary’s energy security would take a major hit if Ukraine went through with a plan to destroy a key Russian pipeline
Fewer houses and roads are being built in the Czech Republic
The automotive sector, considered the jewel of German industry, suffered the largest decline in month-over-month industrial output, down 6.5 percent
The number of Russian tourists at Lake Balaton dropped to just 5 percent of their pre-Covid numbers
Ukraine is singling Hungary out despite banks from across the West struggling to exit the Russian market
Aminata Touré, who is the integration commissioner for the state of Schleswig-Holstein, wants to see an even more liberal migration and asylum policy in Germany
The joint operation involved nine countries, including Germany, Great Britain and the United States
The EU also owes Hungary at least part of the extra costs incurred for border protection, which shields Western Europe from migrants
Germany closed all its nuclear plants, but happily buys power from French nuclear plants
The German economic ministry claims the sale was illegal under current German law
Solidarity with Ukraine doesn’t mean abandoning our own farmers, according to the MEPs
One cannot speak of a green energy shift while increasing CO2 emissions, writes columnist Gergely Kiss in daily Magyar Nemzet
Experts say it will be extremely difficult to prepare for the next winter
Protection of domestic markets cannot be left in the hands of the EU, writes Hungarian columnist László Szentesi Zöld
The digital euro is based on technology that could give the ECB and states extraordinary powers over our lives, writes Thomas Glavinic in Die Welt
The figures for March published by the Office for National Statistics (ONS) on Wednesday show the U.K. is now the only country in Western Europe with double-digit inflation
The German government and U.S. chipmaker Intel both want a partnership on their own terms
Czechia’s agricultural minister says a ban on food imports from Ukraine would go against the unified European market
Macron has abandoned democracy to enact his controversial pension reform but has faced little criticism from Brussels
Germans are divided on phasing out nuclear power
The ban will effectively exclude French grain exports beyond the EU
O’Leary says state ownership already destroyed the country’s national airline
“Brussels is once again stealthily taking powers away from member states,” said Hungary’s top diplomat
France’s national debt in relation to GDP remains far above its European rivals, and government attempts to address the issue have been met with mass demonstrations and riots
Despite recent gradual decreases, the cost of living in Britain saw an unexpected rise last month of 10.4 percent year-over-year
After Macron forced the retirement age from 62 to 64, Le Pen says she will allow some workers to retire as early as 60 if elected president
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