Viktor Orbán has flirted with killing the EU’s Russia sanctions. But he didn’t get the ally he might have expected in Donald Trump.

Hungary has continued to keep other EU members states on their toes about whether it will support a routine extension of the bloc’s sanctions against Russia. Today, Budapest could finally show its cards when EU ambassadors meet to discuss the review, write Paola Tamma and Marton Dunai.

Hungarian business confidence fell in January to lows last seen during the COVID-19 pandemic, economic think tank GKI said on Thursday, weighed down by deteriorating prospects in retail and services.

In Hungary, €38 million will be implemented for technical assistance through the Operational Programme Plus, of which the EU will contribute some €31.47 million

Hungary said it will consult the United States before making a decision about renewing the European Union’s sanctions against Russia as a deadline looms at the end of the month.

Hungarian Prime Minister Viktor Orbán, a key ally of Russia and a good friend of Donald Trump’s, took to X to congratulate the newly

Ambassador David Pressman talks about his contentious relationship with Viktor Orban’s administration and why what happens in Hungary matters.

In response to a question from Magyar Nemzet, the minister explained that peace is essential for enabling the opportunity for development and economic growth. "The global economy is an integrated system, and armed conflicts and wars hinder economic development worldwide and in almost every country," he stressed.

Hungary's government plans to further tighten the fiscal deficit; however, fiscal risk remains to the upside due to the political cycle. The debt agency focus is shifting to Hungary government bonds (HGBs), and we will see less retail and FX issuance this year. Average debt maturity should increase with concentration at the long end of the curve

The chief prosecutor has announced that its chairman, Ferenc Biro, is suspected of corruption and abuse of authority. Police also raided Biro's home, and took away documents. He has admitted to "lending his official car to his wife to go shopping" but rejects the allegations and says he is being targeted for political reasons,

Hungary is one of the world's few demographic success stories, and its Corvinus Institute for Advanced Studies last month hosted a seminar with prominent international researchers to review the fall of global fertility and consider remedies.