Crude oil prices hit six-month low
Prices drop on U.S. reserves data as OPEC hikes production
Orbán: Europe has ‘shot itself in the lung’ and is now ‘gasping for air’ due to EU sanctions on Russia
The Hungarian leader offered his remarks during an interview with Hungarian state radio on Friday morning
Germany reports first trade deficit in goods since 1991 as business leaders warn of economic crisis
Rising energy prices have disrupted the economic performance of Europe’s powerhouse, leaving analysts predicting a contraction for Germany’s economy later this year
German finance minister warns of a ‘severe economic crisis coming’
Christian Lindner is ringing the alarm bell, saying a crisis may be just months or even weeks away
Czech Republic European Union Hungary Janet Yellen Russia sanctions Slovakia Tariffs Viktor Orbán Commentary Economy Remix Exclusive US pushes EU to bypass nations blocking ban on Russian oil
Tariffs are intended to help reinforce a Russian energy embargo, but they will also increase the reliance of smaller European nations on U.S. energy supplies
Hungary, Poland to lead Central European economic growth
Poland will achieve the same economic growth of 3.7 percent this year as Hungary
Nickel prices explode as shortage hits home
The market has now reopened after nickel trading was suspended for just the second time in the London Metal Exchange’s 145-year history
China energy security European Union gas Hungary nuclear energy Paks Russia Ukraine USA Viktor Orbán War Defense Economy Hungary Viktor Orbán walks his own path on the Russian-Ukrainian conflict
PM Orbán explains Hungary’s position on the war in Ukraine, his country’s energy security policy, and how China will play a key role in his country’s future
Azerbaijan is ready to assist with Europe’s gas shortage, ambassador claims
Azerbaijan is already supplying Italy, Greece and Bulgaria with natural gas
UK energy company apologizes for blog post telling Brits to ‘cuddle pets’ and ‘clean the house’ to keep warm amid skyrocketing energy bills
The energy company said it was “embarrassed” by the blog post and accepted it was “ill-judged”
Hungary’s central bank governor warns of parallels between today’s financial climate and that of the 1970s
Hungary’s Central Bank Governor György Matolcsy questions whether the economic conditions of the 1970s will revisit the global economy in this decade
Kazakhstan crisis crashes cryptocurrencies
Kazakhstan has the world’s second largest cryptocurrency mining operations
Energy Prices European Commission France Germany Hungary Nord Stream 2 nuclear energy Russia Economy Environment Germany Hungary Germany isolated with its anti-nuclear climate hysteria
Hungary sees nuclear as a way out for the EU’s energy dependence
Global arms sales shrug off COVID-19 pandemic
U.S. companies continue to dominate the top 100 arms manufacturers in the world
European debt numbers improve, but Greek public debt exceeds 200%, Italy second with 156.3%
Estonia has the lowest public debt in the European Union, but Italy and Greece still suffer from extremely high debt levels
IMF increases Hungarian GDP forecast
Hungarian 2021 growth expected to be third fastest in the European Union
Hungary has cheapest business costs in the world, according to global business index
Biden’s global corporate tax rate could hinder the country’s attractiveness for foreign investors
Global food prices reach ten-year high
Rising seed prices and rampant Chinese demand are the two main causes
PM Orbán: Central Europe recovering rapidly from COVID-triggered economic crisis
Slovenia and Hungary could be among the winners of a new era – starting now
Hungarian central bank head’s golden rule: The solution always comes from within
Small states should avoid taking part in the battle of superpowers, according to Hungary’s central bank head
EU slaps fuel tax on private jets
The tax may not reach its intended purpose as typical private jet owners will probably be able to afford the extra cost.
Bread prices on the rise in Romania despite record wheat crop
Global shortage of quality wheat trumps Romanian harvest results
Hungarian Central Bank governor suggests two-tier euro exchange rate
A two-tier euro exchange rate can bring us closer to solving the European Union’s current economic problems, Hungarian Central Bank Governor György Matolcsy argues in his influential column from daily Magyar Nemzet.