Hungary’s central bank cut one of the highest key interest rates in the European Union and said it had room for further monetary easing after a currency rally significantly improved the inflation outlook.

Hungary’s parliament approved comprehensive anti-corruption legislation to meet a key demand of the European Union for the release of funds the bloc had been withholding under former Prime Minister Viktor Orban’s rule.

Hungarian Prime Minister Peter Magyar presented sweeping plans to remove the country’s president and other senior state officials, delivering on his promise to make a clean break after 16 years of increasingly authoritarian rule under Viktor Orban.

Hungary began dismantling former leader Viktor Orban’s self-styled illiberal rule by imposing term limits for premiers and winding up public trusts that wielded billions of dollars in assets in an extension of his political influence.

Hungarian Prime Minister Peter Magyar’s administration has filed legislation to unlock funds the European Union had blocked over concerns about corruption and rule of law under former leader Viktor Orban.

Hungary plans to amend the constitution to oust the country’s president as part of Prime Minister Peter Magyar’s push to dismantle Viktor Orban’s regime.

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.