Hollywood film industry strike could hit Hungary’s GDP
Hungary is the second-largest European location for U.S. studios after London
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
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