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.

Hungary set up a powerful new agency that’s tasked with recovering misappropriated public funds, primarily those under Viktor Orban’s 16-year rule.

Hungarian Prime Minister Peter Magyar’s blitz to dismantle former leader Viktor Orban’s governing system is triggering criticism from within his own camp, denting the ruling party’s popularity three months after a landslide election.

Hungarian President Tamas Sulyok signed a constitutional amendment ending his presidency, capping Prime Minister Peter Magyar’s rapid effort to dismantle key pillars of the Viktor Orban era.

Hungary plans to broaden the corporate tax base, ending “selective” levies of the Viktor Orban-era that penalized certain companies and hiking the burden on polluters, Prime Minister Peter Magyar said.

Prime Minister Peter Magyar moved to unite Hungary a day after his lawmakers voted to oust the Viktor Orban-allied president, a milestone just three months after watershed elections that ended 16 years of nationalist rule.

Hungarian lawmakers approved a constitutional amendment ousting the Viktor Orban-allied president, delivering on Prime Minister Peter Magyar’s pledge for a clean break from his nationalist predecessor. The forint dropped.

Hungarian lawmakers are set to oust the Viktor Orban-allied president as Prime Minister Peter Magyar seeks a clean break from his nationalist predecessor.