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Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Opposition parties have slammed the Hungarian draft budget submitted on Tuesday as “an austerity budget”. Jobbik deputy leader Dániel Z. Kárpát said the budget contained austerity measures to the tune of 2,000 billion forints (EUR 5.1bn), “including indirect effects”.
Hungary's Footballers Suffer 2-1 Defeat in Italy

Hungary's Footballers Suffer 2-1 Defeat in Italy

Two first-half goals were enough to secure Italy a 2-1 victory against Hungary in Cesena on Tuesday evening, but Marco Rossi's visitors battled hard and even had chances to equalise after an own goal got them back into the game with half an hour of the match remaining.
Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

The cabinet has decided to set up a fund for protecting the cap on utility bills and is introducing a tax on extra profits to finance it, Márton Nagy, the minister of economic development, said in an interview to public radio on Sunday.
Gov’t to Submit Bill on Extending War-Related Special Legal Order in Hungary

Gov’t to Submit Bill on Extending War-Related Special Legal Order in Hungary

The government will submit to parliament a bill on extending the state of emergency in view of the armed conflict in neighbouring Ukraine, the Government Information Centre (KTK) said on Friday.
Hungarian Opinion: Orbán Blocks Sanctions on Patriarch Kirill

Hungarian Opinion: Orbán Blocks Sanctions on Patriarch Kirill

A pro-government columnist lambasts the EU for proposing sanctions against the leader of the Russian Orthodox Church. A conservative critic, on the other hand, accuses the government of whitewashing Putin’s regime.
Hungarian Opinion: What are Repercussions of Latest Russian Sanctions Deal

Hungarian Opinion: What are Repercussions of Latest Russian Sanctions Deal

Commentators on Left and Right ponder the broader implications of Hungary’s opposition to EU sanctions on Russian oil and Patriarch Kirill, head of the Russian Orthodox Church.
EU Leaders Agree to Russian Oil Ban After Compromise with Hungary

EU Leaders Agree to Russian Oil Ban After Compromise with Hungary

  • 31 May 2022 11:38 AM
  • current affairs
European Union leaders have agreed in principle to cut 90 percent of oil imports from Russia by the end of this year, cutting off a vital source of funding for Moscow’s invasion of Ukraine, after reaching a compromise deal with Hungary.
Orbán Compares Proposed EU Embargo on Russian Oil to “Dropping a Nuclear Bomb” on Hungary’s Economy

Orbán Compares Proposed EU Embargo on Russian Oil to “Dropping a Nuclear Bomb” on Hungary’s Economy

Arriving in Brussels for a two-day summit, Viktor Orbán said Hungary could back an EU embargo on Russian oil if it left out oil delivered through pipelines.
Windfall Taxes ‘Not Expected to Burden Consumers’ in Hungary, Claims Minister

Windfall Taxes ‘Not Expected to Burden Consumers’ in Hungary, Claims Minister

The new windfall taxes imposed on banks, insurers, retail chains, energy companies, telcos and airlines are not expected to burden consumers because the measure only taxes companies’ extra profits, Márton Nagy, the new minister for economic development, told a press briefing on Thursday.
Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Opposition parties have slammed the Hungarian draft budget submitted on Tuesday as “an austerity budget”. Jobbik deputy leader Dániel Z. Kárpát said the budget contained austerity measures to the tune of 2,000 billion forints (EUR 5.1bn), “including indirect effects”.
Hungary's Footballers Suffer 2-1 Defeat in Italy

Hungary's Footballers Suffer 2-1 Defeat in Italy

Two first-half goals were enough to secure Italy a 2-1 victory against Hungary in Cesena on Tuesday evening, but Marco Rossi's visitors battled hard and even had chances to equalise after an own goal got them back into the game with half an hour of the match remaining.
Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

The cabinet has decided to set up a fund for protecting the cap on utility bills and is introducing a tax on extra profits to finance it, Márton Nagy, the minister of economic development, said in an interview to public radio on Sunday.
Gov’t to Submit Bill on Extending War-Related Special Legal Order in Hungary

Gov’t to Submit Bill on Extending War-Related Special Legal Order in Hungary

The government will submit to parliament a bill on extending the state of emergency in view of the armed conflict in neighbouring Ukraine, the Government Information Centre (KTK) said on Friday.
Hungarian Opinion: Orbán Blocks Sanctions on Patriarch Kirill

Hungarian Opinion: Orbán Blocks Sanctions on Patriarch Kirill

A pro-government columnist lambasts the EU for proposing sanctions against the leader of the Russian Orthodox Church. A conservative critic, on the other hand, accuses the government of whitewashing Putin’s regime.
Hungarian Opinion: What are Repercussions of Latest Russian Sanctions Deal

Hungarian Opinion: What are Repercussions of Latest Russian Sanctions Deal

Commentators on Left and Right ponder the broader implications of Hungary’s opposition to EU sanctions on Russian oil and Patriarch Kirill, head of the Russian Orthodox Church.
EU Leaders Agree to Russian Oil Ban After Compromise with Hungary

EU Leaders Agree to Russian Oil Ban After Compromise with Hungary

  • 31 May 2022 11:38 AM
  • current affairs
European Union leaders have agreed in principle to cut 90 percent of oil imports from Russia by the end of this year, cutting off a vital source of funding for Moscow’s invasion of Ukraine, after reaching a compromise deal with Hungary.
Orbán Compares Proposed EU Embargo on Russian Oil to “Dropping a Nuclear Bomb” on Hungary’s Economy

Orbán Compares Proposed EU Embargo on Russian Oil to “Dropping a Nuclear Bomb” on Hungary’s Economy

Arriving in Brussels for a two-day summit, Viktor Orbán said Hungary could back an EU embargo on Russian oil if it left out oil delivered through pipelines.
Windfall Taxes ‘Not Expected to Burden Consumers’ in Hungary, Claims Minister

Windfall Taxes ‘Not Expected to Burden Consumers’ in Hungary, Claims Minister

The new windfall taxes imposed on banks, insurers, retail chains, energy companies, telcos and airlines are not expected to burden consumers because the measure only taxes companies’ extra profits, Márton Nagy, the new minister for economic development, told a press briefing on Thursday.