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Business

EU Considers Releasing €4.2 Billion in Frozen Funds for Hungary

The European Commission has proposed the release of €4.2 billion in frozen cohesion funds to Hungary, marking a significant step in addressing past rule-of-law...
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Business

EU Faces Daily €1 Billion Trade Gap with China

The European Union's trade deficit with China expanded to €36.5 billion in July 2026, as reported by Eurostat. This increase highlights a significant imbalance,...
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Business

Hungary’s Economic Future Sparks Tension Between FIDESZ and Government

Tensions have flared between Hungary's ruling FIDESZ party and Finance Minister András Kármán over conflicting views on the country's economic trajectory. FIDESZ has voiced...
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Business

China, Germany Urge Enhanced Collaboration and Support Free Trade Agreement

Chinese Foreign Minister Wang Yi has emphasized the importance of strengthening ties between China and Germany, advocating for a collaborative approach to global economic...
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Business

Canada, EU Forge New Energy Alliance to Boost Europe’s Energy Security

Canada and the European Union are in discussions to forge a closer energy partnership aimed at bolstering Europe’s energy security and reducing its dependence...
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Business

Budapest Hosts German Foreign Minister to Boost Bilateral Ties

German Foreign Minister Johann Wadephul's recent visit to Budapest marked a significant step in strengthening the diplomatic and economic ties between Germany and Hungary....
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Business

Hungary’s Inflation in August Drops Below Central Bank’s Target

Hungary saw its annual inflation rate drop to 1.3% in August, falling well below the Hungarian National Bank's target and slightly under market predictions....
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Business

Germany and UAE Expand Ties, Bolstering Strategic Partnership

The recent state visit by UAE President Sheikh Mohamed bin Zayed Al Nahyan to Germany underscores the robust and evolving strategic partnership between the...
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China, Germany Boost Bilateral Tech and Business Collaboration

China and Germany are enhancing their business and technology partnerships, with innovation now moving both ways, according to a...
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Hungary, Austria Aim to Revitalize Their Bilateral Relationship

Austrian Chancellor Christian Stocker hosted Hungarian Prime Minister Péter Magyar in Vienna on Thursday, marking a significant moment in...
Business

EU Industry Faces Increased Import Dependence, Sparking New China Shock Concerns

Europe is grappling with a renewed "China shock" that poses a threat to its local industries, prompting concerns of...

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Hungary Proposes 2027 Budget with Tax Cuts and Increased Social Spending

Hungarian Prime Minister Péter Magyar has unveiled an ambitious...
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