1 day ago · The foreign minister said the two countries would sign a defense industry cooperation agreement in Abu Dhabi because the UAE was making significant efforts towards innovation and the development of its defense industry.

1 hour ago · The volume of Hungary’s gross domestic product was 0.4% higher according to raw data and 0.2% higher according to seasonally and calendar adjusted and reconciled data in the 4th quarter of 2024 than in the corresponding period of the previous year. Compared to the previous quarter, the economic performance grew by 0.5% according to seasonally and calendar adjusted and reconciled data, and ...

19 hours ago · At a meeting of counterparts in Brussels on Tuesday, Minister Bóka said he would raise whether the Polish presidency planned to pursue Hungarian presidency initiatives to put European institutions under the spotlight in terms of ensuring transparency, the rule of law and the fight against corruption, and he noted a letter he sent to his Polish counterpart last December requesting that action ...

19 hours ago · Márton Nagy referred to the ongoing talks with the commercial banks on how more loans can be activated. All the more so because loans granted in forints are in absolute deficit: When companies take out new loans, they tend to do so in foreign currency. The objectives of companies as borrowers are ...

Jan 23, 2025 · During his appearance on Kossuth Radio’s Good Morning, Hungary! program, Prime Minister Viktor Orbán emphasized that migration remains the most pressing issue for Hungary’s security and future.

Nov 15, 2024 · Hungary is on the brink of transformative changes, Prime Minister Viktor Orbán announced, outlining bold economic and social initiatives set to redefine the country’s future by 2025.

5 days ago · This is according to property agent Duna House’s own data. The average price per square metre for residential property rose to just over 650,000 forints (just under 1,650 euros) in 2024. Demand rose thanks to falling interest rates and the newly launched CSOK+ state subsidy programme for families ...

Jan 21, 2025 · Márton Nagy, National Economy Minister, said Hungary believes in boosting competence and sees this as the European Union’s opportunity to rise. Still, the resources necessary for a turnaround are lacking at the EU level. During a conference evaluating Hungary’s EU presidency in Budapest on ...

Jan 15, 2025 · Construction output volume, based on raw data, lagged behind the previous year’s level by 1.7% in November 2024. Out of the main groups of construction the construction of buildings lessened by 9.0%, that of civil engineering increased by 8.2%.

Jan 15, 2025 · He noted the Budapest Declaration aimed at boosting the bloc’s competitiveness following a unanimous decision by EU leaders, the full Schengen membership of Romania and Bulgaria from Jan 1, and the twin summits held in Budapest on Nov 7-8, namely that of the European Political Community and the informal meeting of the European Council, “the biggest diplomatic event in Hungary’s history”.