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Detectives Raid Budapest’s 3rd District Council to Investigate Alleged Corruption

Detectives Raid Budapest’s 3rd District Council to Investigate Alleged Corruption

Prosecutors have identified ten suspects as they investigate alleged corruption involving the deputy mayor of Óbuda, Budapest’s Third District.
'Hungary Most Corrupt & 2nd Poorest State in EU', Says Magyar - Who Will Take EP Seat

'Hungary Most Corrupt & 2nd Poorest State in EU', Says Magyar - Who Will Take EP Seat

The opposition Respect and Freedom (Tisza) Party’s priority is to “take our country back” from the government “which made Hungary the most corrupt and second poorest member state” in the European Union, Péter Magyar, the party’s deputy leader, said in Brussels.
Venture Capital Investments Drying Up in Hungary

Venture Capital Investments Drying Up in Hungary

The number of Hungarian companies receiving venture and private equity financing fell by 38% in 2023 compared to 2022, as the total value of investments dropped by 58%, according to a report prepared by the Hungarian Venture Capital and Private Equity Association in collaboration with Ernst & Young.
Hungary One of the Few EU States to Open Embassy in Laos

Hungary One of the Few EU States to Open Embassy in Laos

Foreign Minister Péter Szijjártó opened a Hungarian embassy in Vientiane, the capital of Laos, making Hungary the fourth EU member country operating an embassy in the country.
Updated: Parl’t Votes Down Proposal to Impeach President

Updated: Parl’t Votes Down Proposal to Impeach President

Lawmakers rejected a proposal in a secret ballot on Monday to start proceedings to remove President Tamás Sulyok from office.
Value of Hungary’s Startup Ecosystem Exceeds USD 2 Billion

Value of Hungary’s Startup Ecosystem Exceeds USD 2 Billion

Hungary’s startup ecosystem was valued at $2.4 billion between July 1, 2021 and December 31, 2023, some 41% higher than in the previous two-year period, according to a joint study by the National Innovation Agency and Startup Genome, an organisation that focuses on helping startup communities globally.
EC Blocks State Aid for Car Parts Investment In Hungary

EC Blocks State Aid for Car Parts Investment In Hungary

The European Commission on Tuesday said it found that Hungary’s plans to grant 43.8 million euros in state aid for a vehicle parts plant in the underdeveloped north of the country were not in line with European Union rules on state aid.
Up to 20,000 Hungarians Live in Ireland, Despite National Disagreements on Key Political Issues

Up to 20,000 Hungarians Live in Ireland, Despite National Disagreements on Key Political Issues

Though the two countries disagree on several issues, “successful economic cooperation” between Hungary and Ireland provides a good foundation for political dialogue, Péter Szijjártó, the minister of foreign affairs and trade, said in Dublin.
May Surplus Brings Budget Deficit to HUF 2,548 Billion In Hungary

May Surplus Brings Budget Deficit to HUF 2,548 Billion In Hungary

A 49 billion forint surplus (EUR 120m) for May brought Hungary’s cash flow-based general government deficit to 2,548.5 billion forints at the end of the month, the finance ministry said in a preliminary release of data.
Detectives Raid Budapest’s 3rd District Council to Investigate Alleged Corruption

Detectives Raid Budapest’s 3rd District Council to Investigate Alleged Corruption

Prosecutors have identified ten suspects as they investigate alleged corruption involving the deputy mayor of Óbuda, Budapest’s Third District.
'Hungary Most Corrupt & 2nd Poorest State in EU', Says Magyar - Who Will Take EP Seat

'Hungary Most Corrupt & 2nd Poorest State in EU', Says Magyar - Who Will Take EP Seat

The opposition Respect and Freedom (Tisza) Party’s priority is to “take our country back” from the government “which made Hungary the most corrupt and second poorest member state” in the European Union, Péter Magyar, the party’s deputy leader, said in Brussels.
Venture Capital Investments Drying Up in Hungary

Venture Capital Investments Drying Up in Hungary

The number of Hungarian companies receiving venture and private equity financing fell by 38% in 2023 compared to 2022, as the total value of investments dropped by 58%, according to a report prepared by the Hungarian Venture Capital and Private Equity Association in collaboration with Ernst & Young.
Hungary One of the Few EU States to Open Embassy in Laos

Hungary One of the Few EU States to Open Embassy in Laos

Foreign Minister Péter Szijjártó opened a Hungarian embassy in Vientiane, the capital of Laos, making Hungary the fourth EU member country operating an embassy in the country.
Updated: Parl’t Votes Down Proposal to Impeach President

Updated: Parl’t Votes Down Proposal to Impeach President

Lawmakers rejected a proposal in a secret ballot on Monday to start proceedings to remove President Tamás Sulyok from office.
Value of Hungary’s Startup Ecosystem Exceeds USD 2 Billion

Value of Hungary’s Startup Ecosystem Exceeds USD 2 Billion

Hungary’s startup ecosystem was valued at $2.4 billion between July 1, 2021 and December 31, 2023, some 41% higher than in the previous two-year period, according to a joint study by the National Innovation Agency and Startup Genome, an organisation that focuses on helping startup communities globally.
EC Blocks State Aid for Car Parts Investment In Hungary

EC Blocks State Aid for Car Parts Investment In Hungary

The European Commission on Tuesday said it found that Hungary’s plans to grant 43.8 million euros in state aid for a vehicle parts plant in the underdeveloped north of the country were not in line with European Union rules on state aid.
Up to 20,000 Hungarians Live in Ireland, Despite National Disagreements on Key Political Issues

Up to 20,000 Hungarians Live in Ireland, Despite National Disagreements on Key Political Issues

Though the two countries disagree on several issues, “successful economic cooperation” between Hungary and Ireland provides a good foundation for political dialogue, Péter Szijjártó, the minister of foreign affairs and trade, said in Dublin.
May Surplus Brings Budget Deficit to HUF 2,548 Billion In Hungary

May Surplus Brings Budget Deficit to HUF 2,548 Billion In Hungary

A 49 billion forint surplus (EUR 120m) for May brought Hungary’s cash flow-based general government deficit to 2,548.5 billion forints at the end of the month, the finance ministry said in a preliminary release of data.