Hungary kept its main interest rate unchanged for a fourth month as a jump in inflation prevented a return to monetary easing for the recession-hit economy.
Hungary’s central bank is poised keep its main interest rate unchanged for a fourth month after a spike in inflation.
Hungary's foreign minister said on Monday Budapest would "soon" see if it will get guarantees from the European Commission to protect its energy supply. EU foreign ministers are meeting in Brussels to try to overcome a Hungarian block on extending EU sanctions on Russia over the war in Ukraine.
Civil society, the media and democratic norms have increasingly come under threat as the Fidesz-KDNP coalition government in Hungary.
Hungary's representatives have not yet agreed to a decision on the extension of EU sanctions against Russia. The issue will be considered at an EU Council meeting at foreign minister level on Monday,
Hungary wants the European Union to persuade Ukraine to resume gas transit from Russia to Europe, Prime Minister Viktor Orban said on Friday, signalling a tough debate as the EU seeks to extend its sanctions against Russia over the coming week.
Hungary wants the European Union to intervene in a gas dispute it has with Ukraine, a potential sign of friction in the bloc’s upcoming discussions over renewing sanctions against Russia.
Hungarian Prime Minister Viktor Orbán, a key ally of Russia and a good friend of Donald Trump’s, took to X to congratulate the newly
The EU will extend its existing sanctions against Russia after Hungary withdrew its threat to block the rollover, according to people briefed on the decision. Viktor Orbán, Hungary’s Russia-friendly prime minister,
Hungary plans to use small modular nuclear reactors as part of its energy mix, Foreign Minister Peter Peter Szijjarto said after holding talks with UK counterpart David Lammy.
The National Bank of Hungary has decided to keep its main interest rate at 6.5% for the fourth consecutive month. This decision comes as a response to a surge in inflation, which has hindered the possibility of monetary easing for the country's economy,