Hungary records driest 7 months since 1901

Hungary has seen the driest seven months since 1901 this year, with precipitation levels coming to half of the average, the National Water Management Authority (OVF) said on Tuesday.

Lenders warn of risk associated with farm sector repayment moratorium

A deterioration in borrowers' credit risk classification resulting from a government-mandated repayment moratorium for drought-hit farmers could harm clients' creditworthiness in future, presenting significant risk, the Hungarian Banking Association said in a statement issued on Tuesday.

Decree on firewood export ban issued

In response to the energy crisis caused by the war in Ukraine and related European Union sanctions, Hungary's government has issued a decree prohibiting energy sources, including firewood, from being taken out of the country, the minister of agriculture said on Tuesday.

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‘Stronger together’ at ASEAN Day commemoration

ASEAN, the Association of Southeast Asian Nations, commemorated the 55th ASEAN Day at the Residence of the Indonesian Ambassador to Hungary in District II on August 8. It was the first commemoration since the pandemic and was attended by the ambassadors of Indonesia, Malaysia, ...

July CPI climbs to 13.7 percent

Consumer prices in Hungary rose by an annual 13.7 percent in July, up from an 11.7 percent increase in June, driven by higher food and consumer durable prices, the Central Statistical Office (KSH) said on Tuesday.

Hungary stands by One China principle

Hungarian foreign policy is consistently committed to the One China principle, Tamas Menczer, a state secretary of the foreign ministry, said on Facebook on Tuesday.

DK condemns ‘double price increase’ for gas

Opposition Democratic Coalition on Tuesday condemned an upcoming 'double price increase' for gas, with spokesperson Olga Kalman telling an online press conference that "in the current situation, the government should not increase utility fees even once, let alone twice".

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Opposition parties slam decision

Government to limit eligibility for capped fuel price

Hungary's government has decided to restrict the fuel price cap of 480 forints (EUR 1.19) per litre to privately-owned vehicles, farm machinery, tractors and taxis, at the recommendation of oil and gas company MOL, the prime minister's chief of staff said on Saturday.

LMP calls for minimum wage for degree holders

Opposition LMP on Sunday called on the government to introduce a minimum wage for people with a higher education degree, saying it would be 30 percent higher than the minimum wage for skilled workers.

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Egis favipiravir drug licenced for Covid-19 treatment

A new drug with the active ingredient favipiravir manufactured by Hungarian pharmaceutical company Egis has been licenced for treatment of Covid-19 by the National Institute of Pharmacy and Nutrition (OGYEI), the institute said on Saturday.

PM says he is convinced Trump will win

Orbán: New EU migration pact could force Hungary to welcome migrants

Hungary does not support the new migration and refugee package presented by the European Commission on Wednesday, Prime Minister Viktor Orbán told Reuters newswire on Friday. Under the package, Hungary's commitment to send people back from the southern EU states like Italy or Greece, ...