The European Union has agreed to prolong for 6 months a raft of sanctions aimed at depriving Russia of funds to finance its war against Ukraine

The EU will be able to renew its sectoral sanctions against Russia after Hungary abandoned its veto threat, which it had linked to energy concerns. View on euronews

Before reupping the sanctions, Budapest wanted to wait for Trump's inauguration, then insisted Brussels push Ukraine to reopen a gas pipeline running to Central Europe.

Viktor Orban’s government would be ‘playing with fire’ by blocking renewal of sanctions on Russia, diplomat says

Banks across Central and Eastern Europe (CEE) and Southeastern Europe (SEE) defied expectations and reported impressive returns on equity (RoE), ranging between 15% and 20% in 2024 Raiffeisen Bank International (RBI) said in its most recent annual banking report on the region.

Hungary, one of Russia’s main friends in the EU, had left its EU counterparts fuming over a refusal so far to approve the move.

The Japanese Toyota brand's dealerships sold a total of 18,123 new vehicles in Hungary in 2024, up 4.8%, Toyota Central Europe country director Richárd László said.

Az európai uniós külügyminiszterek hétfői tanácsülésén az dönti el a magyar szavazatot, hogy az Európai Bizottság ad-e garanciát arra, hogy a jövőben fellép minden olyan esetben, amikor uniós tagállamok energiabiztonságát fenyegetik az Európai Unión kívülről.

Hungary wants the European Union to persuade Ukraine to resume gas transit from Russia to Europe, Prime Minister Viktor Orban said on Friday, signalling a tough debate as the EU seeks to extend its sanctions against Russia over the coming week.

Hungary’s perception among its neighbours is a topic of great interest, and a new survey has unveiled intriguing insights into how the country is viewed across the region.

The Hungarian economy climbed out of recession at the end of last year though it was far from gaining momentum, complicating Prime Minister Viktor Orban’s plans to generate strong growth before crucial elections in just over a year.

E-commerce platforms with a track record of agility, such as Allegro or eMag, have shown that adaptation can be a formidable bulwark against even the largest global competitors.