Hungary Financial News

Boxing Day, shrouded in historical curiosities and evolving traditions, transcends its origins to become a globally observed occasion. Despite its name's misleading connotation, this holiday, rooted in Victorian England, reflects generosity, maritime rituals, and diverse cultural adaptations. Exploring its multifaceted nature unveils a tapestry of traditions, global resonance, and the commercial metamorphosis that characterizes contemporary celebrations. 1. What is the origin of Boxing Day?

One of the world’s largest electrical vehicle manufacturers, China’s BYD, will open its first European EV production factory in Hungary, the country’s foreign minister said on Friday

Chinese automaker BYD plans to build a new electric vehicle plant in Hungary, its first car factory in Europe, as part of its rapid global expansion

Federal Reserve received some holiday cheer as inflation continued to soften while consumer demand firmed, and the Bank of Japan stuck with the world’s last negative interest rate. Meantime, maritime attacks carried out by Houthi rebels in Yemen have disrupted shipping in the Red Sea, prompting a rerouting of cargoes that’s raised costs. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy: World The recent spate of attacks by Yemen’s Houthi rebels on vessels transiting the major shipping route has resulted in several large shipping companies avoiding the waterway. The decision by the world’s five largest container liners — with 65% of global capacity — to suspend transits through it means higher shipping costs and longer delivery timelines.

Chinese automaker, BYD (SZ:002594) announced Friday that the company has decided to build a new energy vehicle production base in Hungary.

Spain’s Central Bank says the number of licensed crypto-related firms in the country grew by 50% in 2023.

The European Union has paid the final tranche of a multibillion-euro support package to Ukraine to help keep its war-ravaged economy afloat this year

PRAGUE (Reuters) -The Czech National Bank (CNB) started an interest rate-easing cycle on Thursday with a 25 basis-point reduction that puts the main repo rate at 6.75%, the first cut in more than three years amid a backdrop of slowing inflation and a sagging economy.

Donald Trump Wednesday delivered a chilling message at a 2024 campaign rally in Iowa, cautioning that World War III is imminent, with the possibility of global destruction. The former US president expressed grave concerns about the world teetering on the edge of World War III. He stressed that the danger is not akin to a conventional war but could result in complete extinction due to the destruction potential of modern weaponry.

Ukrainian President Volodymyr Zelenskyy says he's certain the United States will make good on its promise of further billions of dollars for Kyiv to continue its fight against Russia

Canada came close to breaking the highest population growth rate in any quarter this July to September when it reported 430,635 new residents in the country.

Inflation fell in twenty-one EU member states, remained stable in three and rose in three.

Both Russia and Ukraine have reported dozens of attempted drone attacks in the past day

By Krisztina Than and Gabriela Baczynska

Pressure is mounting on Hungary not to veto the start of European Union membership talks and the supply of economic aid to Ukraine at a pivotal EU summit this week

NEW DELHI : In 1937, Amrita Sher-Gil, an Indo-Hungarian artist, painted The Story Teller. The oil-on-canvas painting depicts an intimate rural scene, with village women huddled together in a courtyard, their faces relaxed and smiles easy. The cosy setting also features cows and a calf, a dog lazing under a charpai, a little boy, and a man in a doorway. That November, Sher-Gil sold the work to Badruddin Tyabji Jr., a diplomat bearing the same name as his grandfather, the third president of the Indian National Congress, at an exhibition in Faletti’s Hotel, Lahore.

The Blacklist" season 10, the final installment of the long-running NBC series, has concluded its run on NBC and is now accessible on Netflix in various regions. However, fans in the United States are awaiting its arrival on the streaming platform. Here's the latest information. The series, which features a former criminal turned FBI informant capturing criminals, was confirmed for a tenth season in February 2022, later announced as its concluding season. Filming began in September 2022, consisting of 22 episodes with familiar cast members like James Spader.

Hundreds of people have rallied in the Slovak capital against the new government’s plan to close the special prosecutors office that deals with major crimes, including high-profile murders, terrorism and graft

By Gergely Szakacs

By Gabriela Baczynska

BUDAPEST (Reuters) — The European Union should first sign a strategic partnership agreement with Ukraine instead of starting membership talks with the country, Hungary's Viktor Orban said on Friday, flagging a way to a possible compromise ahead of a crucial EU summit.