Hungary
Hungary's Q1 budget deficit widens to 62% of full-year target, central bank warns of impact of trade war
Hungary's cash flow-based budget deficit reached HUF831.2bn (€2bn) last month, bringing the Q1 gap to HUF2.55 trillion, or 62% of the full year target, according to preliminary data from the National Economy Ministry.
Hungarian CPI posts surprise slowdown in March as fuel costs ease
Hungary's consumer price growth slowed more than expected in March to 4.7% (chart) from 5.6% from the previous month, marking the first decline after five consecutive months of acceleration.
COMMENT: US tariffs set to squeeze European corporate earnings across multiple sectors – Fitch Ratings
US President Donald Trump’s Liberation Day tariffs on European imports – set at 20% for EU member states and 10% for the UK – are poised to curtail revenue and profitability growth across several corporate sectors in Europe, according Fitch.
Hungary braced for blow from US tariffs as Audi, pharma and agri exports hit
Hungary's export-reliant economy is under growing strain as sweeping new US tariffs take effect.
Hungary says no to EU countermeasures targeting US products
Hungary has come out forcefully against European Commission plans to impose retaliatory tariffs on US imports, with Foreign Minister Peter Szijjarto warning that such measures would inflict economic harm on consumers and escalate tensions.
Waberer to double revenue and profit by 2031 with €400mn expansion drive
Waberer's International has unveiled bold plans to more than double its revenue and profit by 2030 targeting €1.7bn in sales and over €100mn in operating profit by 2031 and become Central and Eastern Europe's leading logistics group by 2027.
Hungary’s industry downturn deepens before tariffs come into play
Hungary's industrial output in February plunged to levels last seen during the 2020 Covid lockdowns, with official data showing an 8.0% year-on-year contraction after adjusting for calendar effects and an 8.7% (chart) decline.
Hungary steps up efforts to contain infectious foot-and-mouth disease
Hungary is deploying all available resources to combat a recent outbreak of foot-and-mouth disease, according to Agriculture Minister Istvan Nagy, who described the virus as a "terrible" threat to the country's livestock in a radio interview.
BALKAN BLOG: Putin’s ally pushes Bosnia to the verge of war
The international community will have to step up to prevent new clashes in Bosnia.
US tariffs could undermine Viktor Orban's dream of golden economic era with US
Hungary's heavily export-oriented, manufacturing-driven economy is among the more vulnerable EU member states in the transatlantic trade war, according to analysts.
Benjamin Netanyahu lauds Hungary’s support for Israel in ICC row, anti-Semitism fight
Israeli Prime Minister Benjamin Netanyahu praised Hungary's "remarkable" support for Israel and the global Jewish community during a joint press conference in Budapest.
ING: Trump’s Tariffs - Europe’s worst economic nightmare just came true
A US 20% reciprocal tariff on the European Union will hurt. It's worsened the eurozone's short-term outlook. Now, so much depends on European governments to push through with their planned fiscal stimulus and reforms to strengthen domestic economies.
Hungary to withdraw from International Criminal Court
Hungary will quit its International Criminal Court membership and will initiate the termination procedure "within the constitutional and international legal framework" on April 3.
US tariffs on EU imports to hit Central and Southeast Europe
European Commission President Ursula von der Leyen says bloc considering retaliatory moves after Trump announces 20% tariffs.
Fidesz submits bill to suspend citizenship, targeting dual nationals seen as national security threats
The draft law specifies that citizenship revocation would apply only to dual nationals who do not hold citizenship from an EU member state or EEA countries (Switzerland, Liechtenstein, Norway or Iceland).
Israeli Prime Minister visits Budapest in first European trip since ICC arrest warrant
Israeli Prime Minister Benjamin Netanyahu was scheduled to arrive in the Hungarian capital late Wednesday night, but according to Hungarian media, he will land at Liszt Ferenc International Airport early morning of April 3.
Viktor Orban's inner circle braces for major shake-up amid mounting political and economic pressures
Hungary's ruling elite is bracing for a major realignment as Prime Minister Viktor Orban is seeking to contain mounting political and economic pressures.
MOL AGM approves massive dividend payout, equating to 9% dividend yield
Hungary’s MOL has announced plans for a HUF220.4bn (€560mn) dividend payout for 2025, as the oil and gas giant seeks to maintain shareholder returns despite earnings cooling from their 2022 peak.
MEPs confront Hungary over Ukraine policy and growing US trade tension
The European Parliament has called for urgent measures to boost the EU's economic competitiveness and defence capabilities as lawmakers seek to bolster the bloc's resilience against escalating trade tensions with the US and wider global challenges.
Serbia and Hungary move towards military alliance amid regional tensions
Move reflects increasing ties between Serbia and Hungary, which share a similar approach to international affairs and have resisted pressure from the European Union to sever their ties with Russia.