Hungary Financial News

Czech farmers are driving their tractors and other vehicles to to several border crossings to join forces with their colleagues from neighboring countries in their protests against European Union agriculture policies, bureaucracy and overall conditions...

Hungary's ruling Fidesz party proposed on Tuesday that parliament should vote to ratify Sweden's bid to join NATO on Feb. 26, a move that it would support. «Our group wishes to support» Sweden's NATO bid, the Fidesz party said in a document, asking the Speaker of parliament to include the vote in its agenda next Monday. Fidesz has a huge majority in parliament. Sweden applied to join NATO nearly two years ago, in a historic shift in policy prompted by Russia's full-scale invasion of Ukraine.

By Krisztina Than

Google Doodle on Friday commemorated Lithuania’s two Independence Days: the Restoration of the State Day. According to the description, on February 16, 1918, the Council of Lithuania ratified the Act of Independence, signalling the end of Soviet domination. This day holds significance as Lithuanians pay tribute to the individuals who fought and endured hardships to secure their country's sovereignty.

European cinema landscape experienced a prosperous year in 2023, with significant contributions from blockbuster films such as Barbie, Oppenheimer, The Super Mario Bros. Movie, Spider-Man: Across the Spider-Verse, Mission: Impossible – Dead Reckoning Part One, and Wonka. According to preliminary estimates from the International Union of Cinemas (UNIC), the year saw a remarkable 21 percent increase in European admissions, reaching a total box office of approximately €7.1 billion ($7.6 billion). This marked a substantial gain of 24 percent in Europe and 25 percent in the European Union compared to 2022. While final data for 2023 will be released later in the spring, UNIC reported that several territories, including the Netherlands, Croatia, Albania, Serbia, and Montenegro, exceeded their box office revenues from the 2017-2019 period. Additionally, Austria, the Czech Republic, Finland, Hungary, and Slovakia matched pre-pandemic box office results.

(Reuters) — Stellantis (NYSE:STLA) said on Monday it will invest 103 million euros ($111.02 million) at its Szentgotthard facility in Hungary to increase production capacity of electric drive modules that will help the automaker grow its electric-vehicle portfolio.

Mint explains: Beginning January, farmers from several member-nations of the European Union (EU)—Belgium, Bulgaria, France, Germany, Hungary, Italy, Poland and Spain—invaded cities with their tractors, burning tyres, dumping manure, raiding supermarkets, blocking access to ports and highways and choking city centres. They are protesting subsidy cuts, high energy prices, cheap grain imports from Ukraine, beef imports from Latin America, growing clout of big agribusiness and climate policies limiting the use of chemical inputs. It is a profitability crisis—due to higher farming costs and low produce prices.

sexual abuse in a children's home. Her resignation came a week after her presidential pardon was first reported by local news site 444.hu. Announcing her resignation on state television, Novak said, “I made a mistake ...

public outcry over a pardon she granted to a man convicted as an accomplice in a child sexual abuse case, a decision that unleashed an unprecedented political scandal for the long-serving nationalist government. Katalin Novak, 46, announced in a televised message that she would step down from the presidency, an office she has held since 2022. Her decision came after more than a week of public outrage after it was revealed that she issued a presidential pardon in April 2023 to a man convicted of hiding a string of child sexual abuses in a state-run children's home.

FRANKFURT (Reuters) — The European Central Bank said on Monday it would lower the bar for lending to central banks from outside the European Union in times of crisis.

After Turkey ratified Sweden’s bid to join NATO on Monday, Hungary became the last member of the military alliance not to have issued its approval

The European Union's institutions are gearing up for a fight over Hungary and a controversial transfer of 10 billion euros or nearly $11 billion in funds to Budapest

The Blacklist, the NBC series which has been running for a long time concluded its latest tenth season which was the final one. It is available already on Netflix in several regions. But the US has been comparatively not fast in picking up the latest season, however, now a release date has been brought out for the final episodes. Since the year 2013, it has been witnessed by viewers that an FBI informant who was formerly a criminal, captured dozens of criminals. It was announced that The Blacklist will be returning for its tenth season on NBC in February 2022. The filming started in September 2022 for season 10 starring Anya Banerjee as Siya Malik. The final season has 22 episodes marking the return of Harry Lennix, Diego Klattenhoff, James Spader, and Hisham Tawfiq. The final season has been driven back to the midseason with the last episodes starting their run on February 26th, 2023 on NBC, before concluding in mid-July, 2023.

By Andrew Mills and Maha El Dahan

Sweden's government and military urging Swedes to be ready for war has triggered panicked buying, frightened children and a fierce debate in the Nordic country. While Sweden has contributed troops to international peacekeeping missions, the country has not been directly involved in an armed conflict since the Napoleonic era. The realities of war are therefore foreign to most Swedes. «There could be war in Sweden,» Minister for Civil Defence Carl-Oskar Bohlin told an annual defence conference on Sunday, warning Swedes against complacency. Days later, the sentiment was echoed by the commander of Sweden's armed forces Micael Byden, who showed pictures of burnt out and bombed houses from Ukraine. «Do you believe that this could be Sweden?,» Byden asked the audience, later explaining that the question was not a rhetorical one. "Russia's war against Ukraine is a step, not an end goal, for the ambition to establish spheres of influence and tear down the rule-based world order," he added. Ending two centuries of neutrality and military non-alignment, Sweden applied to join NATO in May 2022, in the wake of Russia's invasion of Ukraine, though its bid is currently held up by Turkey and Hungary. In early December, Stockholm and Washington signed a pact paving the way for US forces to operate in Sweden. Byden then went on to say that Swedes needed to «mentally prepare for war.» — Anxious children - The statements were widely spread by news outlets and social media. Subsequently, children's rights group Bris said it had seen a noticeable uptick in calls to its support hotline from children worried about the prospect of an impending war. «Many children already have a level of anxiety that was made worse by this news,»

BMW AG is spending €650 million ($712 million) to retool its parent factory in Munich into the company’s first site that will only make fully electric vehicles, part of a push to challenge leaders Tesla Inc. and BYD Co. The overhaul involves four buildings including a new assembly line and will be completed by the end of 2027, BMW said Wednesday.

Australia’s Assistant Treasurer Stephen Jones has expressed the intention to look into reasons why the country’s securities regulator failed to warn citizens of the potential danger posed by the HyperVerse crypto scheme. 

Of the firm's 124 equity categories, 19 returned a net negative performance in 2023, with the bottom ten dominated by Asia exposures.

The word “crisis" is overused, but it accurately describes what Ukraine faces as 2024 begins. According to a recent report in the Washington Post, troops on the front line are running out of ammunition. Artillery shells are being rationed, forcing the Ukrainians to cancel planned assaults and making it hard to hold defensive positions against Russian attacks.

Magdeburg for the first time in a decade to alleviate pressure from the swollen Elbe River. The ongoing floods this week prompted evacuations in parts of northern and central Germany, but a dry weather forecast for Thursday offered some relief. Nevertheless, concerns persisted as water levels continued to rise in parts of Lower Saxony state in the northwest. In Dresden, the Elbe River reached nearly 4 meters (13 feet) above its normal level, reported the German news agency dpa. Downstream, the Pretziener Wehr, a flood barrier dating back to the 1870s and renovated in 2010, was opened for the first time since the major floods in 2013. The objective was to divert approximately a third of the river's water into a 21-kilometer (13-mile) channel, bypassing the town of Schoenebeck and the state capital, Magdeburg, in Saxony-Anhalt.

The European Commission recently approved regulations making it tougher for unintended immigrants to settle down in the European Union. Collectively known as the new EU Pact on Migration, the rules are aimed at restricting the number of new immigrants into the EU, even as member states recognize the need for new workers given the number of ageing individuals. The net result, perversely, might well be an increase in the legal flow of skilled immigrants, such as medical or information technology professionals.