The forint weakened after the Hungarian central bank unexpectedly lowered the interest rate on its foreign-currency swaps following one of the biggest emerging-market currency rallies this year.
The forint weakened after the Hungarian central bank unexpectedly lowered the interest rate on its foreign-currency swaps following one of the biggest emerging-market currency rallies this year.
Hungary’s new finance minister pledged to tap frozen European Union funding within months and to meet all criteria for euro adoption within four years as part of a “radical” economic policy shift after Viktor Orban’s rule.
Hungary’s new finance minister pledged to tap frozen European Union funding within months and to meet all criteria for euro adoption within four years as part of a “radical” economic policy shift after Viktor Orban’s rule.
The new government of Hungarian Prime Minister Peter Magyar is risking a standoff with the European Union over a plan to stick with Russian energy purchases.
The new government of Hungarian Prime Minister Peter Magyar is risking a standoff with the European Union over a plan to stick with Russian energy purchases.
Hungary’s newly installed prime minister Peter Magyar called on the president to quit in a confrontation in parliament that sought to draw the line on 16 years of increasingly autocratic rule by Viktor Orban.
Hungary’s newly installed prime minister Peter Magyar called on the president to quit in a confrontation in parliament that sought to draw the line on 16 years of increasingly autocratic rule by Viktor Orban.
Peter Magyar and members of Tisza party arrives to the Parliament of Hungary on 2026.05.09. Photo: Akos Stiller
Peter Magyar assumed power as Hungary’s prime minister, officially ending Viktor Orban’s 16-year rule with a pledge to reverse the nation’s autocratic slide and return it to the European mainstream.
Peter Magyar assumed power as Hungary’s prime minister, officially ending Viktor Orban’s 16-year rule with a pledge to reverse the nation’s autocratic slide and return it to the European mainstream.
Peter Magyar, Hungary's prime minister, and members of Tisza party arrive at Parliament in Budapest, Hungary, on Saturday, May 9, 2026. Hungary’s newly installed prime minister Magyar called on the president to quit in a confrontation in parliament that sought to draw the line on 16 years of increasingly autocratic rule by Viktor Orban. Photographer: Akos Stiller/Bloomberg
The forint’s post-election rally should give the central bank an opportunity to reassess its cautious monetary policy, Vice Governor Zoltan Kurali said, signaling that an interest-rate cut as early as June could be on the cards.
The forint’s post-election rally should give the central bank an opportunity to reassess its cautious monetary policy, Vice Governor Zoltan Kurali said, signaling that an interest-rate cut as early as June could be on the cards.
A customer withdraws Forint banknotes from an Otp Bank automated teller machine (ATM) in Budapest, Hungary, on Friday, April 10, 2026. Hungarians will hold parliamentary elections on Sunday with stakes that extend far beyond the European Union’s nation of 10 million.
Hungary’s central bank governor urged caution on the new government’s plan to adopt the euro, saying that a rushed process could lead to unintended negative consequences for the economy.
Hungary’s central bank governor urged caution on the new government’s plan to adopt the euro, saying that a rushed process could lead to unintended negative consequences for the economy.
Mihaly Varga Photographer: Simon Wohlfahrt/Bloomberg
Hungarian Prime Minister Viktor Orban’s abrupt expulsion is now shining a spotlight on the biggest financial beneficiaries of his regime, raising questions about who’ll remain in the country with their wealth intact.
Hungarian Prime Minister Viktor Orban’s abrupt expulsion is now shining a spotlight on the biggest financial beneficiaries of his regime, raising questions about who’ll remain in the country with their wealth intact.
Lorinc Meszaros, right, with Viktor Orban, in 2019. Photographer: Laszlo Balogh/AP Photo
Ukraine will finally start receiving a €90 billion ($106 billion) loan from the European Union after Hungary lifted its veto, bringing an end to years of Prime Minister Viktor Orban’s obstructionism over aid to a war-torn Kyiv.
Ukraine will finally start receiving a €90 billion ($106 billion) loan from the European Union after Hungary lifted its veto, bringing an end to years of Prime Minister Viktor Orban’s obstructionism over aid to a war-torn Kyiv.
Antonio Costa, left, Volodymyr Zelenskiy, and Ursula von der Leyen in Brussels in 2025.
Hungary’s outgoing government signaled it’s ready to unblock the European Union’s €90 billion ($106 billion) loan to Ukraine as soon as this week just as the new leadership in Budapest kicked off intensive talks with Brussels to tap its own stalled funding.
Hungary’s outgoing government signaled it’s ready to unblock the European Union’s €90 billion ($106 billion) loan to Ukraine as soon as this week just as the new leadership in Budapest kicked off intensive talks with Brussels to tap its own stalled funding.
TOPSHOT - Firefighters work at a site following a Russian strike in Kyiv on April 16, 2026, amid the Russian invasion of Ukraine. Russian strikes killed at least 12 people in Ukraine, local authorities said on April 16, after Moscow pummelled its neighbour in overnight attacks. (Photo by Genya SAVILOV / AFP via Getty Images)
Hungary’s incoming leader Peter Magyar moved fast to assert dominance over the state institutions that outgoing Prime Minister Viktor Orban crafted over his 16 years in power, directing salvos against state media and the president appointed by his predecessor.
Hungary’s incoming leader Peter Magyar moved fast to assert dominance over the state institutions that outgoing Prime Minister Viktor Orban crafted over his 16 years in power, directing salvos against state media and the president appointed by his predecessor.
Peter Magyar, Hungary’s next prime minister, is turning his attention to assembling his cabinet as he vows to dismantle 16 years of Viktor Orban’s increasingly authoritarian system, bring the country back in the European fold and fix the economy.
Peter Magyar, Hungary’s next prime minister, is turning his attention to assembling his cabinet as he vows to dismantle 16 years of Viktor Orban’s increasingly authoritarian system, bring the country back in the European fold and fix the economy.
Peter Magyar at a news conference in Budapest, on April 13. Photographer: Akos Stiller/Bloomberg
Hungary’s next leader Peter Magyar said he wants to bring his country back into the European fold in a clean break with Prime Minister Viktor Orban’s 16 years of antagonistic rule.
Hungary’s next leader Peter Magyar said he wants to bring his country back into the European fold in a clean break with Prime Minister Viktor Orban’s 16 years of antagonistic rule.
Peter Magyar delivers a news conference in Budapest, on April 13.
Hungary’s next leader will lay out his plans on Monday to shore up the economy and dismantle Prime Minister Viktor Orban self-styled illiberal system, a day after a landslide election win over the nationalist premier who had been backed by Donald Trump and Russian President Vladimir Putin.
Hungary’s next leader will lay out his plans on Monday to shore up the economy and dismantle Prime Minister Viktor Orban self-styled illiberal system, a day after a landslide election win over the nationalist premier who had been backed by Donald Trump and Russian President Vladimir Putin.
In the end, the biggest surprise wasn’t just how resoundingly Viktor Orban was ejected from power but how swiftly the Hungarian prime minister conceded the termination of his 16-year reign.
In the end, the biggest surprise wasn’t just how resoundingly Viktor Orban was ejected from power but how swiftly the Hungarian prime minister conceded the termination of his 16-year reign.
Attendees hold Hungarian flags during a Tisza party election event in Budapest on April 12. Photographer: Akos Stiller/Bloomberg
Peter Magyar, Hungary’s next prime minister, outlined sweeping changes after ending Viktor Orban’s 16-year rule in a landslide election victory that will redefine the country’s ties with the European Union, Russia and the US administration of President Donald Trump.
Peter Magyar, Hungary’s next prime minister, outlined sweeping changes after ending Viktor Orban’s 16-year rule in a landslide election victory that will redefine the country’s ties with the European Union, Russia and the US administration of President Donald Trump.
Peter Magyar, the leader of the opposition Tisza party waves a national flag after a parliamentary election in Budapest, Hungary, Sunday, April 12, 2026. (AP Photo/Darko Bandic)
An upstart opposition party in Hungary ousted Prime Minister Viktor Orban after 16 years in a historic election that will redefine the country’s relationship with the European Union, Russia and the US administration of President Donald Trump.
An upstart opposition party in Hungary ousted Prime Minister Viktor Orban after 16 years in a historic election that will redefine the country’s relationship with the European Union, Russia and the US administration of President Donald Trump.
Hungarian Prime Minister Viktor Orban waves to supporters in Budapest during Hungary's general election on April 12. Photographer: Attila Kisbenedek/AFP/Getty Images
The party of opposition leader Peter Magyar is set to win Hungary’s parliamentary election with a two-thirds majority, an important threshold that would enable him to dismantle Prime Minister Viktor Orban’s nationalist project.
The party of opposition leader Peter Magyar is set to win Hungary’s parliamentary election with a two-thirds majority, an important threshold that would enable him to dismantle Prime Minister Viktor Orban’s nationalist project.
Peter Magyar, leader of the pro-European conservative TISZA party, makes a statement in Budapest during the general election in Hungary, on April 12, 2026.
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