Hungary Financial News

European Union nations are resisting an updated climate pledge showing the bloc is on course to over-deliver on emissions cuts ahead of COP28, in the latest sign of concern over the pace of the green transition. The European Commission, the bloc’s executive arm, is aiming to submit by September a revised pledge showing it’s on course to slash carbon emissions by 57% by 2030, according to a draft document seen by Bloomberg. But Poland, Lithuania, Hungary, Italy, Slovakia and Romania are concerned that the figure — higher than the 55% targeted under the bloc’s green deal — is too ambitious, according to people familiar with the matter.

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».

ROME (Reuters) -Italian banking stocks rose in early trade, regaining some of the ground lost after the government late on Tuesday announced a cap on a windfall tax for the country's lenders.

escorts, was to convey the importance of blood donations back home. This immediately endeared her to everyone, “from the shiniest brass button to the dirtiest grunt boot," as Ms. Rinehart puts it.

Poland’s oil pipeline operator says that it has temporarily shut down a pipeline carrying oil from Russia to Germany after discovering a leak

Du Beke, a well-known judge on Strictly Come Dancing, has revealed a harrowing incident from his past where he was stabbed by his father, leading to a three-day hospital stay. The 57-year-old dancer made the shocking revelation during an appearance on Kate Garraway's Life Stories on ITV.

Homegrown swimwear brand Seafolly has been sold by its private equity owner, US retail specialist L Catterton, to an Asian strategic buyer in a deal valuing the famous label at about $70 million.

The United States is imposing travel restrictions on citizens of Hungary over concerns that the identities of nearly 1 million foreigners granted Hungarian passports over nine years were not sufficiently verified

Teva Pharmaceuticals, a leading generic pharmaceutical company, is taking proactive measures to reduce its environmental impact by partnering with Honeywell, a technology company, to optimize energy consumption and carbon emissions at its manufacturing facility in Debrecen, Hungary.

Booksellers in Hungary must decide whether to comply with a law requiring books that depict homosexuality to be placed in closed packaging on their shelves

The Fed and ECB both lifted borrowing costs by a quarter of a percentage point while keeping options open for their next meetings in September. In Japan, the central bank made a surprise decision to loosen its yield curve control policy — a pillar of its effort to suppress interest rates and stimulate the economy. That stoked speculation of more drastic changes to the country’s ultra-low borrowing costs.

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

Max Verstappen when the Belgian Grand Prix takes place Sunday, July 30. The Red Bull driver and the current champion is eyeing an eighth consecutive win at this circuit. Sebastian Vettel holds the all-time record of nine victories at the Belgian GP. But the race will be an interesting one and uncertainties loom large on Max Verstappen as Lewis Hamilton and Lando Norris have shown marked improvement in their speed. Sergio Perez may also surprise the fans as he bagged a podium finish in Hungary a week back. The event is special also because the first half of the 2023 F1 season will come to an end with the Belgian GP.

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. 

The European Union will look at helping fund the costly transportation of grain out of Ukraine after Russia halted a deal that allowed Black Sea exports vital to global food security

Also read: Ryan Reynolds Buys Stake in F1 Racing Team, Growing His Business Empire Formula 1 President and CEO, Stefano Domenicali, expressed his excitement about the extension and highlighted the circuit's popularity among drivers and fans.  He said, “It is great news to announce the extension of the Hungarian Grand Prix for an additional five years."  He also praised the promoter's commitment to improving the facilities and enhancing the overall experience for attendees. Also read: Formula 1 racing launches first subscription platform in India “To see the commitment from the promoter in Hungary to develop the facilities and further enhance the experience for fans is another important step and something we want to see all our events doing in order to continue to improve and make our races even better," he added.

Max Verstappen dominated the Hungarian Grand Prix on Sunday to deliver his Red Bull team a record-breaking 12th consecutive Formula One win.McLaren's Lando Norris took second with Sergio Perez in the other Red Bull completing the podium at the Hungaroring. Red Bull surpassed the feat of McLaren who won 11 races in 1988 with this latest demonstration of supremacy over the rest of the grid.

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.

Croatian police have detained nine people suspected of smuggling migrants into the European Union country from neighboring Serbia

Max Verstappen is aiming for his seventh straight Formula One victory in Hungary, a remarkable accomplishment that brings to mind great drivers like Michael Schumacher, Nico Rosberg and Alberto Ascari. As excitement for the Hungaroring race grows, all eyes are on Verstappen's outstanding performance. Nevertheless, his ambitions face formidable adversaries, including the seasoned Lewis Hamilton, who holds a record of eight wins at this circuit. Lando Norris, leading McLaren's resurgence, adds yet another layer of competition to the mix. Additionally, the return of Daniel Ricciardo with AlphaTauri heightens the stakes, putting pressure on Sergio Perez following his recent practice crash. The dry forecast and live coverage on Sky Sports promise a thrilling and closely contested event.