Hungary and the US signed an agreement on the “Trump Peace Pipelines Framework” to strengthen cooperation on developing regional natural gas and oil infrastructure, Hungarian Foreign Minister Anita Orban said.

Hungary unveiled an inter-governmental agreement with the US on nuclear energy, a lucrative area that may bolster ties with Washington following the ouster of Viktor Orban.

Hungary’s economic growth will probably accelerate next year, with a credible path toward euro adoption set to spur a further rally in bonds, Finance Minister Andras Karman said.

Hungary could adopt the euro as early as 2031 if the government set an ambitious goal of meeting the common currency criteria by 2029, according to central bank Deputy Governor Zoltan Kurali.

Hungarian central bank Deputy Governor Zoltan Kurali said the government should follow through on the plan for euro adoption as it would help elevate the country’s status in financial markets.

Hungary’s central bank said it will lower the highest inflation goal in the European Union, a milestone in the country’s pivot toward the adoption of the euro.

Hungary’s central bank paused its interest rate cuts after three consecutive reductions as policymakers weigh the potential lowering of their inflation target.

Hungary is lobbying the US to withhold penalties for its continued purchases of Russian crude oil, in a test of bilateral ties after the ouster of Viktor Orban earlier this year.

ABZ Innovation, a Hungarian startup, is planning to begin non-military drone production in the US over the course of next year after expanding output at home, according to its chief executive officer.

Hungary expelled 10 Russian diplomats accused of espionage, setting the stage for confrontation between Moscow and the new government in Budapest after years of accommodation under former leader Viktor Orban.

Hungary’s budget is in an extremely difficult state, Prime Minister Peter Magyar said, as he asked for patience on the delivery of promises following a landslide election win in April.

Hungary’s central bank is set to halt interest rate cuts later this month as policymakers prepare to lower the highest inflation target in the European Union, according to a person familiar with the matter. The forint surged against the euro.

Hungary has met European Union criteria to access all €10 billion ($11.6 billion) of the bloc’s pandemic-era aid plus more in cohesion funding, Transportation Minister David Vitezy said.

Hungary’s central bank delivered a third consecutive interest rate cut, with policymakers set to review their inflation target after price growth eased to the lowest level in a decade.

Hungary’s central bank delivered its third consecutive interest rate cut after the inflation rate fell to the lowest level in a decade.

Hungary’s central bank is poised to deliver its third consecutive interest rate cut after the inflation rate fell to the lowest level in a decade.

Hungarian Prime Minister Peter Magyar said the government launched a full review of state contracts with the 4iG Nyrt. defense and telecommunications conglomerate, in an attempt to recover billions of dollars in taxpayer money.

Hungarian Prime Minister Peter Magyar cast doubt on the Russian-led expansion of the country’s sole nuclear power plant after the record-low level of the Danube river almost led to a full shutdown of the existing reactors.

Hungary is starting work on a riverbed structure to raise the water level of the Danube at the central city of Paks, in order to support the operation of the country’s sole nuclear facility, Prime Minister Peter Magyar said.

Hungary is fully shutting down its sole nuclear power plant for the first time due to the record low levels of the Danube River, straining energy supplies and posing a major test for the economy and new Prime Minister Peter Magyar.