City Budapest Financial News

For further recommendations, try our annual round-up of the best books, films, TV, music, podcasts and more. Budapest. By Victor Sebestyen. W&N; 432 pages; £25 Forever caught between East and West, the capital of Hungary encapsulates the drama of central Europe in its wonders and horrors.

Indian athletes are already in Budapest and got ample time to acclimatize to the local conditions. The track and field athletes of India have displayed promising form this year, and the good performance is likely to continue at the big stage of the World Athletics Championships 2023.

Noah Lyles break the world record for the 200-meter dash, set by Usain Bolt? It is a question being asked as the 2023 Track and Field World Championships begins Saturday in Budapest. Usain Bolt set the record when Lyles was a 12-year-old boy.

Neeraj Chopra on Thursday sought Ministry of External Affairs' intervention to resolve the visa issue of Kishore Jena so that his fellow javelin thrower can compete in the upcoming World Athletics Championships. The Athletics Federation of India on Wednesday said the Odisha javelin thrower's one-month visa was cancelled by the Embassy of Hungary in Delhi, rendering him a doubtful starter at the marquee athletics event slated in Budapest from August 19-27. Taking to his social media handle X (formerly Twitter), Chopra urged Minister of External Affairs S Jaishankar to «find a solution».

Computer-generated non-fungible tokens (NFTs) created by innovative Hungarian artist Vera Molnár sold out for ETH 631. 

Computer-generated nonfungible tokens (NFTs) created by Hungarian artist Vera Molnár in collaboration with Martin Grasser sold out during Sotheby's Dutch auction for 631 Ether (ETH), or around $1.2 million, in less than one hour. 

China got their campaign up and running at swimming's world championships on Monday, claiming two gold medals to banish the memory of a forgettable showing at last year's competition. China won only one individual gold in the pool last year in Budapest but they doubled that tally in the evening's first two races in the southern Japanese city of Fukuoka.Qin Haiyang got things started with victory in the men's 100m breaststroke, taking advantage of dominant Olympic champion Adam Peaty's absence from the competition.Zhang Yufei followed that up with gold in the women's 100m butterfly, beating Olympic champion Maggie MacNeil into second place in a field chock-full of talent. «Last year the whole team didn't perform very well, and we worked hard and tried to be ready for these championships,» Zhang said.

Formula One calendar until 2032 with a five-year contract extension announced recently. The extension, starting from 2027, follows significant refurbishments planned for the Hungaroring circuit, including the construction of a new pit building and main grandstand. Hungary has been an integral part of the Formula One World Championship since 1986, hosting races at the renowned Hungaroring circuit, located approximately 20km outside the vibrant city of Budapest.

BUDAPEST (Reuters) — Hungary's Prime Minister Viktor Orban on Saturday renewed an attack on the European Union for conducting what he called an «LGBTQ offensive», saying his nationalist government would protect the country's Christian roots.

Dylan Sprouse and Hungarian model Barbara Palvin have tied the knot in a private ceremony after a five-year courtship. Dylan Sprouse, renowned for his role as Zack Martin in the Disney Channel series «The Suite Life of Zack and Cody» and his recent appearance in Riverdale, confirmed his engagement to Palvin just last month. According to local news outlet Bors Online, the couple exchanged vows in Palvin's home country of Hungary at a chapel located near Budapest, as per reports. 29-year-old Palvin arrived at the quaint church adorned in a white corset-style satin gown, complemented by sheer gloves and a flowing veil. 30-year-old Sprouse opted for a classic black suit paired with a white collared shirt and black tie. He sported two white flowers pinned to his lapel, matching the blooms in Palvin's bouquet, the reports said. Notably, the wedding snapshots reveal that Dylan's twin brother, Cole, who also starred in The Suite Life of Zack and Cody, stood by his side as the best man. Cole can be seen near the altar as the newlyweds exit the chapel, embarking on their journey as a married couple, according to reports. This surprise union follows the couple's recent engagement announcement, which garnered attention when they graced the cover of V Magazine's Fall 2023 issue. Despite being engaged since September 2022, their wedding plans were kept discreet. Prior to their engagement, Palvin had expressed that Dylan had patiently awaited the perfect moment to propose, while she had known she wanted to marry him since the beginning of their relationship.

Wimbledon women’s singles, the Czech tennis star thrashed 12th seed Veronika Kudermetova and defeated 20th seed Donna Vekic in the third round. She sent home 32nd seed Marie Bouzkova in the last 16 and vanquished fourth seed Jessica Pegula in the quarterfinals. Now, she will take on Ukrainian player Elina Svitolina to book a birth in the final. Marketa began playing tennis at the age of four with her father David Vondrousova in 2003. The 5ft 6in tall young sensation has won only one WTA tournament so far- Biel/Bienne in 2017. But the Czech woman has finished runner-up in French Open, Tokyo Olympics 2021, Istanbul Open, and Budapest Open. She reached the Rolland Garros final in 2019 without dropping a single set in the tournament and was ranked 14th, her highest ranking so far. She won career prize money of USD 5447411 on July 3, 2023. She is married.

The European Commission is expected on Wednesday to recommend freezing billions of euros in EU funds to Hungary over rule of law concerns.

Hungarian Prime Minister Viktor Orbán said his country will ratify NATO membership for Sweden and Finland at the start of the next parliamentary session -- in January 2023. 

Slovakia's Prime Minister Eduard Heger has given Viktor Orbán a new scarf after his Hungarian counterpart caused controversy

The European Commission is likely to recommend that billions of euros of EU money be withheld from Hungary judging that Budapest has failed to deliver the reforms necessary to ensure such funds are protected from corruption, Euronews understands.

Hungary's national flag was hoisted with military honours in front of the parliament building in Budapest on Sunday in a state commemoration marking the anniversary of the 1956 anti-Soviet revolt.

The European Commission denounced Hungary's poster campaign comparing EU sanctions on Russia to bombs as "inappropriate" on Wednesday.

Hungary's governing party wants to poll the country's citizens on whether they support European Union sanctions imposed against Russia over its war in Ukraine.

Budapest was confident on Monday that it would be able to prevent a reduction in EU funds as called for by the Commission over rule of law concerns.

The European Commission on Sunday called for an estimated €7.5 billion in European funds to be withheld from Hungary over corruption concerns.

Hungary is facing a reckoning with Brussels over corruption concerns that could cost Budapest billions.