Hungarian President Tamas Sulyok rejected Prime Minister Peter Magyar’s demand that he resign, setting up a political showdown between the country’s old and new leadership figures.

Football and politics were inseparable under Hungary’s erstwhile leader. As Budapest hosts Europe’s showpiece, his legacy is under scrutiny. 

Hungary’s central bank is edging toward cutting the second-highest key interest rate level in the European Union following an improvement in the outlook for inflation and local markets.

Hungary’s central bank is expected to keep the key interest rate unchanged at the second-highest level in the European Union before potentially weighing monetary easing next month.

Hungarian Prime Minister Peter Magyar said he’ll sign a political accord with the head of the European Union’s executive on May 28 on the release of the bloc’s frozen funds.

Hungarian police are investigating whether BYD Co. violated environmental rules during construction of the Chinese electric-vehicle maker’s first plant in the European Union.

Hungarian police are investigating whether BYD Co. violated environmental rules during construction of the Chinese electric-vehicle maker’s first plant in the European Union.

Prime Minister Peter Magyar plans to shore up Hungary’s ties with historic ally Poland on his first official trip abroad, after years when Warsaw was the most scathing critic of Viktor Orban’s pro-Kremlin government.

Hungary’s former government under Viktor Orban signed a 1.3 trillion forint ($4.3 billion) contract with 4iG Nyrt. weeks before it lost power, one of the biggest public procurements in the nation’s history, according to news website HVG.

Hungary summoned the Russian ambassador to protest recent attacks on Ukraine, setting a sharp break from the pro-Kremlin tenor of Viktor Orban’s 16-year rule.

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.

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.

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.

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.

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.

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.

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.

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.