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HUNGARY ECONOMY
Life after Orban: Hungary Inc. digs in as new political era takes holdHungarian business magnates are shifting operations to smaller projects. This change follows a new government's move to end alleged cronyis...- Charting the global economy: Growth picks up, AI boom continuesUS unemployment claims reached a near 60-year low, signaling a stable labor market. The European Central Bank rejected an immediate rate hi...
- India watches as US bill targets buyers of Russian oil selectivelyIndia monitors a US bill proposing 100% tariffs on Russian oil imports. This legislation exempts European Union LNG and US uranium purchase...
- US Senators unveil sweeping Russia sanctions bill; name India among nations facing possible tariffsA bipartisan US Senate bill proposes sweeping sanctions against Russia's economy. This legislation could impose tariffs on countries buying...
- China's car slump has a new escape route — the rest of the worldChina's auto sales decline prompts manufacturers to boost overseas exports. Domestic demand has fallen significantly, pushing companies to ...
- Charting the global economy: US spending rises, weather loomsUS consumer spending remains robust despite rising prices, though new home sales dipped. President Trump is scrutinizing gasoline costs. Eu...
- Charting the global economy: Inflation hits incomes and spendingGlobal economies face rising inflation and slowing consumer spending. In the US, incomes are squeezed, pushing savings rates down. Europe s...
- Want to jump into the 'China is back' rally? Tread carefullyInvestors are increasingly betting that “China is back” as the economy rebounds from years of deflation, helped by strong manufacturing, ex...
- Hungary's Peter Magyar sworn in as prime minister, ending Viktor Orban's 16-year ruleHungary inaugurates Peter Magyar as its new prime minister, marking a significant political shift after 16 years of Viktor Orban's rule. Ma...
- EU approves a $106 billion loan package to help Ukraine after Hungary lifts its vetoThe European Union has approved a substantial loan for Ukraine to support its economy and military. This comes after Hungary ended its oppo...
- Druzhba pipeline is set to restart oil flows to Europe, potentially unblocking EU's Ukraine loanHungary as a European Union member state has the power to block the loan even though it is not contributing to it. It will cover two thirds...
- Hungary clings to Russian oil, gas as EU and NATO push to cut suppliesHungary's government continues its reliance on Russian energy despite EU pressure. Prime Minister Viktor Orban states economic collapse wou...
- A NATO ally runs on 80% Russian oil while Trump targets IndiaHungary, a NATO member, significantly relies on Russian oil, sourcing over 80% of its crude from Moscow, a move that has drawn criticism fr...
- Once prosperous, Hungary is now the poorest nation in EU — meanwhile, this tiny nation tops the wealth rankingsHungary has become the EU's poorest country in household welfare, with consumption at 72% of the EU average, according to Eurostat data. Wh...
- Hungary rejects Zelenskyy's appeal for weaponsThe rejection came after Zelenskyy on Thursday addressed a meeting of European Union leaders in Brussels where he specifically addressed Or...
- India, Hungary back global legal framework to fight terrorismHowever, the Hungarian Prime Minister did not refer the issue of terrorism directly but said Budapest favours peaceful resolution of intern...
- EU's emerging economies shine in Q1, shrug off UkraineThe data showed that in the first 3 months the region's economies were not affected by the Ukraine crisis and benefited from a strong perfo...
- Emerging nations more dependant on foreign capital: StudyEmerging economies are increasingly dependant on foreign capital, making them more vulnerable to the current financial crisis, a study by t...
- IMF approves $15.7 bn loan to HungaryThe International Monetary Fund has approved a 15.7 billion-dollar loan for Hungary to shore up the country's economy ravaged by financial ...
- Hungary to get $25.1 billion in IMF-led aid dealThe news drove the benchmark BUX stock index to close up by a massive 14 percent and pushed the Hungarian currency the forint higher agains...
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