Hungary has issued a major permit to expand its only Russian-led nuclear power plant, strengthening the country’s energy ties with Moscow even as European Union counterparts try to distance themselves from the invasion of Ukraine. The National Atomic Energy Agency has issued an “installation permit” for the construction of a fifth and sixth nuclear reactor […]
Tag: Hungary
Heads of Hungary’s meteorological service fired: They predicted bad weather that never came
The head of Hungary’s national meteorological service (NMS) and her deputy were fired today, two days after the bad weather they had predicted canceled a fireworks celebration in Budapest to mark the country’s national holiday. Cornelia Radic and Jula Horvat were fired by Minister of Technology and Industry Laszlo Palkovic, to whom NMS reports. In […]
Vodafone sells Hungarian operations for 1.8 billion euros
Vodafone Group Plc has agreed to sell its Hungarian operations in a deal worth 1.8 billion euros including debt, Bloomberg reported. The company sold the assets to 4iG Public and Corvinus Zrt, a Hungarian state-owned holding company, Vodafone said in a statement today. The companies aim to complete the deal by the end of the […]
Russia increased natural gas flows to Hungary
Russia’s Gazprom has increased flows to Hungary through the Turkstream pipeline that carries natural gas to Hungary via Serbia, a Hungarian foreign ministry official said today, Reuters reported. Hungary is maintaining “realistic relations” with Moscow after Russia’s invasion of Ukraine, raising tensions with some European Union allies keen to take a harder line. Hungary, which […]
Croatia: Journalist saves Viktor Orban from sinking inflatable boat
A journalist rescued Hungarian Prime Minister Viktor Orban when the inflatable boat he was riding in off the Dalmatian coast began to lose air and was in danger of sinking, the German News Agency (dpa) reported citing a Croatian newspaper. The incident took place over the weekend in a bay on the island of Vis […]
Germany: Did Hungary open its borders in 1989 with financial exchanges?
So far, the official answer to whether the West German government helped in 1989 to relieve Hungary’s debt in exchange for opening its borders to East German citizens who wanted to escape to the West has been negative. However, two Czechoslovak secret service documents brought to light by German public radio (Deutschlandfunk) raise doubts. It […]
Medvedev released map showing Ukraine divided between Russia, Poland, Romania and Hungary
The former Russian president and current vice-president of the Security Council of Russia Dmitry Medvedev, in a post he made on Telegram published two maps of Ukraine. “In the mind of the president of Ukraine, damaged by psychoactive substances, this is what the map of his country’s bright future will look like,” Medvedev wrote of […]
Hungary: The Nazi response to Orban’s statements, the reactions and a resounding resignation
The International Auschwitz Committee expresses its disgust at Hungarian Prime Minister Viktor Orbán’s statements about “mixed races” and calls on the European Union “to distance itself from such racist behavior”. The nationalist Hungarian prime minister’s “stupid and dangerous” rhetoric is reminding Holocaust survivors of “the dark times of their own exclusion and persecution,” said Commission […]
Hungary hikes interest rates to double digits as inflation continues to rise
The National Bank of Hungary (NBH) raised its key interest rate by 100 basis points to 10.75% on Tuesday, taking borrowing costs into double-digit territory for the first time since late 2008, and signaled that more rate hikes are coming due to rising inflation. “It is justified to tighten the key interest rate decisively in […]
The Hungarian Foreign Minister is in Moscow for additional supplies of natural gas
Hungarian Foreign Minister Petar Szijjártó is visiting Moscow today to discuss new gas supplies, the ruling Fidesz party of Prime Minister Viktor Orban said. “In order to guarantee the security of Hungary’s energy supply, the government has decided to purchase an additional 700 million cubic meters of natural gas, in addition to the quantities already […]