Hungary and the EU

Latest business news about Hungary and the European Union

• Hungary country profile

Hungary signs deal with EU on further EUR 1.5bn — 12 June 2009, 19:59 CET

The European Union has unblocked further financial aid to Hungary as part of an international lifeline promised last autumn, the finance ministry announced on Friday.

Hungary's opposition tells government to quit after EU sweep — 10 June 2009, 15:22 CET

Hungary's main opposition party Fidesz, emboldened by a strong showing in European Parliament elections, called on Wednesday on the minority Socialist government in Budapest to resign.

Slovakia fears extremism in Hungary after EU vote — 08 June 2009, 20:55 CET

Slovak Prime Minister Robert Fico said Monday he was afraid of rising extremism after neighbouring Hungary's far-right Jobbik party won three seats in the European Parliament elections.

Far-right surprise in Hungarian EU vote — 07 June 2009, 23:58 CET

Hungary's centre-right Fidesz party secured a victory in the EU election Sunday, but the far-right Jobbik party shocked everyone with its third-place finish, official results showed.

Hungary centre-right opposition ahead in EU vote: exit polls — 07 June 2009, 21:33 CET

Hungary's opposition centre-right Fidesz party won a landslide victory in European parliamentary elections Sunday while the far-right could win two seats for the first time, according to exit polls.

Polls open in Hungary for EU elections — 07 June 2009, 15:27 CET

Polls opened in Hungary Sunday in elections for the European Parliament, expected to bring a landslide victory of the Hungarian opposition.

Slovak-Hungarian tensions flare before EU vote — 04 June 2009, 19:20 CET

Tensions between Slovakia and neighbouring Hungary were mired in nationalist anger as a Slovak moratorium on EU election campaigning Thursday failed to defuse a row over ethnic representation.

Hungarians divided on EU benefits, but love easier travel — 29 April 2009, 12:08 CET

Mired in economic crisis, Hungarians voice increasing scepticism about the benefits of EU membership five years after joining the bloc, even if all of them say they enjoy the ability to travel freely within the 27-nation zone.

Hungary says it meets EU deficit limit in 2008 — 01 April 2009, 19:34 CET

Hungary, struggling in the global slump, met the public deficit limit required to join the eurozone last year and expects to do so again in 2009, Finance Minister Janos Veres said on Wednesday.

EU to unblock more emergency funding to Hungary — 24 February 2009, 18:47 CET

The European Union will unblock more financial aid to Hungary next month as the government there has made enough fiscal progress to deserve it, says Commission chief Barroso.

Hungary asks EU for EUR 300m towards Nabucco pipeline — 27 January 2009, 15:38 CET

The EU should invest at least 300 million euros upfront in the Nabucco gas pipeline if the vast project is to succeed, Hungarian Prime Minister Ferenc Gyurcsany said on Tuesday.

Budapest traffic restrictions to counter pollution from gas crisis — 11 January 2009, 11:39 CET

The mayor of Budapest announced Sunday new traffic restrictions to reduce high pollution levels, prompted by major industries switching to oil consumption during the current gas shortage.

Hungarian company files complaint against Naftogaz over supply halt — 10 January 2009, 16:38 CET

Hungarian gas company EMFESZ announced on its website Saturday that it had filed a complaint against Ukrainian group Naftogaz following the complete halt of Russian gas supplies via Ukraine.

Hungary gas deliveries via Ukraine halted: minister — 06 January 2009, 19:05 CET

Russian gas deliveries to Hungary via Ukraine have ceased with effect from 3:30 pm (1430 GMT), Energy Minister Csaba Molnar said Tuesday.

Hungary's gas supplies hit by Russia-Ukraine dispute — 06 January 2009, 18:46 CET

Hungary was having to tap heavily into its gas reserves on Tuesday when daily deliveries of Russian gas were hit by a dispute between Russia and the Ukraine, German company E.ON which manages the reserves said.

Hungary presents 5.4-billion-euro rescue plan for companies — 13 November 2008, 17:32 CET

Hungary's government on Thursday presented a 1,400-billion-forint (5.4-billion-euro) rescue plan over two years to help the country's companies tackle the effects of the current economic crisis.

IMF approves EUR 12.3bn loan for crisis-hit Hungary — 07 November 2008, 01:05 CET

The International Monetary Fund said Thursday it had awarded a loan of 12.3 billion dollars (15.7 billion dollars) to Hungary to help the country combat negative fallout from the global financial crisis.

EU approves financial lifeline to Hungary — 04 November 2008, 11:26 CET

EU finance ministers approved on Tuesday plans to throw Hungary a 6.5-billion-euro lifeline as part of an international IMF-led bailout.

IMF announces EUR 20bn rescue package for Hungary — 29 October 2008, 12:40 CET

The International Monetary Fund, the European Union and World Bank rode to the rescue of Hungary on Tuesday, throwing the embattled country a 20-billion-euro lifeline as it fights the financial crisis.

Hungary and the euro — 04 February 2008, 00:15 CET

The euro is the single currency shared by 15 of the European Union's Member States - Belgium, Germany, Ireland, Spain, France, Italy, Luxembourg, the Netherlands, Austria, Portugal, Finland, Greece, Slovenia, Cyprus and Malta - which together make up the eurozone. Around 317 million EU citizens now use the euro as their currency.

Hungary country profile — 04 January 2008, 18:39 CET

Hungary is a member of the European Union

British Chamber of Commerce in Hungary — 04 August 2006, 22:59 CET

The primary objective of this support network is to foster trade and investment flows between the UK and Hungary.

World Bank Hungary Country Brief — 04 August 2006, 22:59 CET

Guide from the World Bank on the business environment in Hungary.

Doing Business in Hungary (HLBI) — 04 August 2006, 22:57 CET

Guide on Hungary from HLB International, which has produced a series of international booklets on accounting, taxation and company law information - pdf

Business Guides Hungary (Deloitte) — 04 August 2006, 22:55 CET

Country Business guide from Deloitte featuring information on the Investment Climate, Labour Relations and Work Force, Business Regulations, Foreign Investment, Choice of Business Entity and Corporate Taxation in Hungary.